BBB Wise Giving Report for
Livada Orphan Care

BBB Wise Giving Report issued September 2011
BBB Wise Giving Report expires September 2013


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Livada Orphan Care
Address: 2001 West Plano Parkway, Suite 3430
  Plano, TX 75075-8654
Phone: 972-941-4416
Web Address: www.livada.org
Back To Top

BBB Wise Giving Alliance Comments

Year, State Incorporated: 2001, Texas
Affiliates: None
Stated Purpose: "to help orphans find their place in this world, through a blend of Christian social work, humanitarian aid, and ministry."

Back To Top

Evaluation Conclusions

               

Livada Orphan Care (LOC) does not meet the following Standard for Charity Accountability.

Standard 11: Financial Statements - Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $250,000, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $250,000, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $100,000, an internally produced, complete financial statement is sufficient to meet this standard.

LOC does not meet this Standard because:

  • Although the organization's income exceeded $250,000 during 2010, it did not have audited financial statements.
Livada Orphan Care (LOC) meets the remaining 19 Standards for Charity Accountability.
Back To Top

Programs

               

LOC works with abandoned children in Romania. The organization’s approach involves four areas including full-time, family-style residential care, made up of private group homes, mentor apartments, and foster care; orphan outreach to orphans in state care which involves weekly Christian clubs, humanitarian aid, dental care, evangelistic summer camps, and discipleship groups; prevention of abandonment to at-risk Roma (Gypsy) kids and poor families through weekly Christian clubs, humanitarian aid, and crisis intervention; and the ACCEDE network of orphan care providers which aims to multiply LOC’s efforts to learn from and aid other ministries throughout Romania.

For the year ended December 31, 2010, LOC's program expenses were:

  
Program services 699,856
Total Program Expenses: $699,856
Back To Top

Governance

               

Chief Executive : Bruce Thomas, Founder/Executive Director
Compensation*:
 $111,600

Chair of the Board: Stephen Key
Chair's Profession / Business Affiliation: Lawyer

Board Size: 5

Paid Staff Size: 6

*2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

               

Method(s) Used:

Direct mail, telemarketing, special events, grant proposals, Internet appeals, and membership appeals.
Fund raising costs were 7% of related contributions. (Related contributions, which totaled $802,840, are donations received as a result of fund raising activities.)
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 LOC's unaudited financial statements for the year ended December 31, 2010.

Source of Funds  
Contributions 802,840
Other 2,305
Total Income $805,145


chart



Uses of Funds as a % of Total Expenses

Programs: 79%  Fund Raising: 6%  Administrative: 15% 

Total income   $805,145
  Program expenses $699,856
  Fund raising expenses 53,202
  Administrative expenses 133,932
 
Total expenses   $886,990
Expenses in Excess of Income   (81,845)
Beginning net assets   213,230
Ending net assets   131,385
Total liabilities   1,692
Total assets   $133,077


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