Better Business Bureau Report for
Options Unlimited

Better Business Bureau Report issued October 2014
Better Business Bureau Report expires October 2016


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Options Unlimited
Address: 205 Castlerock Drive
  Shepherdsville, KY 40165
Phone: 502-955-7271
Web Address: www.optionsunlimitedinc.org
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Better Business Bureau Comments

Year, State Incorporated: 1987, Kentucky
Affiliates: None
Stated Purpose: Options Unlimited’s mission is to assist people with disabilities to become as independent as possible by obtaining opportunities to participate in and contribute to their community through work, educational, and recreational programs. In order to achieve this mission, Options operates an employment program, a day program, and social activities that will provide these opportunities.

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Evaluation Conclusions

              

Options Unlimited meets the 20 Standards for Charity Accountability.
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Programs

              

Options Unlimited Employment Program assists people with disabilities in obtaining and maintaining employment in businesses located in Bullitt, Jefferson, Shelby and Spencer counties. The agency's Day Program works with more severely disabled adults to teach them independent living and recreational skills. Options also provides speech, occupational and physical therapies. In addition, Options has a social program that organizes parties and trips for our clients.

For the fiscal year ended June 30, 2013, Options Unlimited's program expenses were:

  
Supported Employment 493,071
Adult Day Habitation and Therapy 272,277
Coalition Program 21,306
Total Program Expenses: $786,654
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Governance

              

Chief Executive : Willie Byrd, Executive Director
Compensation*: 
$108,000

Chair of the Board: Loretta Atkins
Chair's Profession / Business Affiliation: Retireed

Board Size: 7

Paid Staff Size: 19

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:


Fund raising costs were 40% of related contributions. (Related contributions, which totaled $638,293, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Options Unlimited, Inc.’s audited financial statements for the year that ended June 30, 2013.

Ending net assets as reported include $1,745,637 in unrestricted net assets and $29,976 in temporarily restricted net assets.

Total assets as reported include $241,955 invested in property, land, and equipment.



Source of Funds  
Bingo Revenue and Fundraising 560,089
Medicaid 302,407
Vocational Rehabilitation 251,064
Seven County Services Contract Revenue 114,272
Grant 50,000
Net Gain on Investments 47,442
Interest and Investment Income 45,429
Donations 28,204
Miscellaneous 5,008
Adult Day Habitation Tuition 270
Loss on Disposal of Assets -990
Total Income $1,403,195


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Uses of Funds as a % of Total Expenses

Programs: 66%  Fund Raising: 21%  Administrative: 13%  Other Expenses: Less than 1%

Total income $1,403,195
Program expenses $786,654
Fund raising expenses 254,261
Administrative expenses 151,671
Other Expenses 225
Total expenses $1,192,811
Income in Excess of Expenses 210,384
Beginning net assets 1,565,229
Ending net assets 1,775,613
Total liabilities 38,952
Total assets $1,814,565

The BBB has determined that the charity's fund raising expenses are reasonable even though they exceed the 35% ratio in standard 9.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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