BBB Wise Giving Report for
United Board for Christian Higher Education in Asia

BBB Wise Giving Report issued September 2010
BBB Wise Giving Report expires July 2012


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...


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Charity Contact Information

Name: United Board for Christian Higher Education in Asia
Address: 475 Riverside Drive, Suite 1221
  New York, NY 10115
Phone: 212-870-2600
Web Address: www.unitedboard.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1945, New York
Affiliates: None
Stated Purpose: "to support a Christian presence in colleges and universities in Asia."

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Evaluation Conclusions

               

United Board for Christian Higher Education in Asia (UBCHEA) does not meet the following Standard for Charity Accountability.

Standard 3: Frequency and Attendance of Board Meetings - An organization shall have a minimum of three evenly spaced meetings per year of the full governing body with a majority in attendance, with face-to-face participation. A conference call of the full board can substitute for one of the three meetings of the governing body. For all meetings, alternative modes of participation are acceptable for those with physical disabilities.

UBCHEA does not meet this Standard because:

  • The board of directors did not hold a minimum of three evenly spaced meetings in the past fiscal year.

In response to our finding the UBCHEA states that, "UBCHEA has a 14 person Board of Trustees, with members residing on at least three continents.   The Board of Trustees meets on a semi-annual basis.  UBCHEA also has an Executive Committee with nine members, all of whom are on the Board of Trustees.  The Executive Committee meets at least two times per year, with participation a mixture of telephonic and in person.  The meetings of the Executive Committee ensure that a super-majority of Board members have regular oversight and participation in all major decisions. UBCHEA considers this the most cost-effective manner of transacting business, given the geographic location of Board members and the cost of travel."
United Board for Christian Higher Education in Asia (UBCHEA) meets the remaining 19 Standards for Charity Accountability.
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Programs

               

UBCHEA initiatives are driven by its partner institutions across Asia. The organization currently supports three pan-Asian initiatives -- Environment, Inter-Religious Understanding and Peace Building, and Local Knowledge. Through its grant making, fellowship programs and fundraising efforts, these initiatives build UBCHEA’s educational capacity building and collaborative partnerships.

For the fiscal year ended June 30, 2009, UBCHEA's program expenses were:

  
Program services 6,700,785
Total Program Expenses: $6,700,785
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Governance

               

Chief Executive : Patricia Stranahan, President
Compensation*:
 $268,129

Chair of the Board: Ching-mai Wu
Chair's Profession / Business Affiliation: Corporate and Investment Banker

Board Size: 14

Paid Staff Size: 12

*July 1, 2008 - June 30, 2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, grant proposals, and Internet appeals.
Fund raising costs were 15% of related contributions. (Related contributions, which totaled $3,053,082, 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 UBCHEA's audited financial statements for the fiscal year ended June 30, 2009.

Source of Funds  
Endowment income 5,817,914
General public gifts 1,055,235
U.S. government 1,006,327
Foundation gifts 991,520
Other income 30,110
Other investment income 8,790
Change in value of remainder trust -80,065
Total Income $8,829,831


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Uses of Funds as a % of Total Expenses

Programs: 81%  Fund Raising: 6%  Administrative: 13% 

Total income   $8,829,831
  Program expenses $6,700,785
  Fund raising expenses 466,797
  Administrative expenses 1,101,719
 
Total expenses   $8,269,301
Income in Excess of Expenses   560,530
Beginning net assets   115,105,941
Other Changes in Net Assets (28,685,181)
Ending net assets   86,981,290
Total liabilities   993,563
Total assets   $87,974,853

Note: In the above financial section, other change in net assets represents investment return in deficit of amount designated for current opperations.

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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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