BBB Wise Giving Report for
Celebrity Foundation for Children

BBB Wise Giving Report issued December 2009
BBB Wise Giving Report expires February 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Celebrity Foundation for Children
Address: Post Office Box 12709
  Newport Beach, CA 92658
Phone: 949-719-2625
949-644-9434
Web Address: www.celebrityfoundation.com
Back To Top

BBB Wise Giving Alliance Comments

Year, State Incorporated: 2001, California
Affiliates: None

Stated Purpose: "to protect and develop the health, welfare, and education of children."

Back To Top

Evaluation Conclusions

               

Celebrity Foundation for Children (CFC) meets the 20 Standards for Charity Accountability.
Back To Top

Programs

               

CFC manages a celebrity ranch which caters to underprivileged, foster children and other deserving individuals. The ranch operates an animal zoo, a fruit orchard, a chapel where children can think, contemplate and reflect on their ranch experience, and an equestrian center that houses mini-horses, llamas, and alpacas amongst other facilities. The ranch provides programs and theme weekends to entertain and educate children and youths. Most of the ranch’s weekend programs are divided between boys or girls and typically accommodate 75 to 100 children and chaperones. The ranch’s weekend programs includes classes in leadership, art and drama, tolerance, personal responsibility, California History, and career day as well as sport camps. CFC’s celebrity ranch also sponsors tennis lessons to children.

For the year ended December 31, 2008, CFC's program expenses were:

  
Program services 144,113
Total Program Expenses: $144,113
Back To Top

Governance

               

Chief Executive : Michael P. Farah, President
Compensation*:

Chair of the Board: Michael P. Farah
Chair's Profession / Business Affiliation: President, Celebrity Foundation for Children

Board Size: 5

Paid Staff Size: 0

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. CFC reports that the CEO is not compensated.
Back To Top

Fund Raising

               

Method(s) Used:

Direct mail, special events, grant proposals, planned giving, and Internet appeals.
Back To Top

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.
Back To Top

Financial

               

The following information is based on CFC's audited financial statements for the year ended December 31, 2008.

Source of Funds  
Cash 86,445
Stock contributions 24,309
Asset contribution 10,000
Interest and dividend 2,491
Investment loss -1,970
Total Income $121,275


chart



Uses of Funds as a % of Total Expenses

Programs: 65%  Fund Raising: 1%  Administrative: 6%  Other Expenses: 28%

Total income   $121,275
  Program expenses $144,113
  Fund raising expenses 2,605
  Administrative expenses 13,468
  Other Expenses 62,828
Total expenses   $223,014
Expenses in Excess of Income   (101,739)
Beginning net assets   825,190
Ending net assets   723,451
Total liabilities  
Total assets   $723,451

Note: In the financial section other expenses of $62,828 is for depreciation.

Note 2: CFC reports receiving inkind donations in the amount of $12,296. Included in this amount is $10,000 (truck) and $2,296 (digital theater system).

Back To Top

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.

Send to:



What is an Accredited Charity