Better Business Bureau Report for
Nativity Academy At St. Boniface

Better Business Bureau Report issued October 2017
Better Business Bureau Report expires October 2019


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


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Charity Contact Information

Name: Nativity Academy At St. Boniface
Address: 529 E. Liberty Street
  Louisville, KY 40202
Phone: 502-562-2190
Web Address: http://nativitylouisville.org/
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Better Business Bureau Comments

Year, State Incorporated: 2002, Kentucky
Affiliates: None
Stated Purpose: Nativity Academy at St. Boniface is a private middle school in the Catholic tradition serving low-income children in Metro-Louisville. The school's mission is to challenge its students to reach their full potential academically, spiritually and socially, so they may grow to be responsible, caring and active leaders in their families, communities and society.

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Evaluation Conclusions

              

Nativity Academy At St. Boniface meets the 20 Standards for Charity Accountability.
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Programs

              

Nativity provides middle school education for students in grades 5-8, extended day enrichment activities (after school until 5:30pm daily) and graduate support (in high school through post-secondary education). The school was founded in 2002 and 93% of its students have graduated from high school and are pursuing some type of post-secondary education.

For the fiscal year ended June 30, 2017, Nativity Academy At St. Boniface's program expenses were:

  
Program Services 1,075,697
Total Program Expenses: $1,075,697
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Governance

              

Chief Executive : Carol Nord, Executive Director
Compensation*: 

Chair of the Board: Tim Hagerty
Chair's Profession / Business Affiliation: Attorney

Board Size: 27

Paid Staff Size: 23

*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, invitations to fund raising events, print advertisements, grant proposals.
Fund raising costs were 21% of related contributions. (Related contributions, which totaled $748,997, 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 Nativity Academy At St. Boniface's audited financial statements for the fiscal year ended June 30, 2017.

Ending net assets as reported below include $893,095 in unrestricted net assets, $362,579 in temporarily restricted net assets and $$661,762 in permanently restricted net assets.

Total assets as reported include $375,355 invested in building improvements and equipment, net.

Source of Funds  
Contributions and Grants 617,577
Sponsored Scholarships 486,959
Special Events, net 131,420
Realized/unrealized gain 117,556
Tuition and Program Fees 104,647
Investment Income 17,978
Total Income $1,476,137


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Uses of Funds as a % of Total Expenses

Programs: 81%  Fund Raising: 12%  Administrative: 7% 

Total income $1,476,137
Program expenses $1,075,697
Fund raising expenses 159,670
Administrative expenses 98,343
Total expenses $1,333,710
Income in Excess of Expenses 142,427
Beginning net assets 1,775,009
Ending net assets 1,917,436
Total liabilities 89,905
Total assets $2,007,341


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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.

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