Better Business Bureau Report for
Eastern Area Community Ministries

Better Business Bureau Report issued October 2017
Better Business Bureau Report expires October 2018


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: Eastern Area Community Ministries
Address: 9104 Westport Road
  Louisville, KY 40242
Phone: 502-426-2824
Web Address: www.eacmonline.org
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Better Business Bureau Comments

Year, State Incorporated: 1976, Kentucky
Affiliates: None
Stated Purpose: The mission of Eastern Area Community Ministries is to partner with people in need or crisis and to equip and support them in achieving lifelong stability and dignity.

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Evaluation Conclusions

              

Eastern Area Community Ministries (EACM) 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 $500,000, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $500,000, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.

EACM does not meet this Standard because:

  • It states it does not have audited financial statements for the past fiscal year.
The EACM Board said they do not want to incur the cost of a financial audit at this time since none of their funders/donors require it. EACM does conduct an annual review by a CPA.
Eastern Area Community Ministries (EACM) meets the remaining 19 Standards for Charity Accountability.
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Programs

              

EACM works to address the basic human needs of people living in eastern Jefferson County. Critical services we provide to the community include a food pantry, meals on wheels, emergency financial assistance for shelter & utilities and a Latino Outreach Program.

For the fiscal year ended December 31, 2016, EACM's program expenses were:

  
Program Services 826,045
Total Program Expenses: $826,045
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Governance

              

Chief Executive : Carrie Gerard, Executive Director
Compensation*: 
$50,083

Chair of the Board: David Gresham
Chair's Profession / Business Affiliation: Regional Pharmacy Manager

Board Size: 14

Paid Staff Size: 8

*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, internet, cause-related marketing.
Fund raising costs were 2% of related contributions. (Related contributions, which totaled $875,522, 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 EACM's CPA reviewed financial statements for the fiscal year ended December 31, 2016.

Ending net assets as reported below include $266,522 in unrestricted net assets and $39,456 in temporarily restricted net assets.

Source of Funds  
Contributions and Grants 461,125
Contributed Food and Supplies 390,517
Fundraising Events 23,880
Program Services 23,481
Interest Income 525
Total Income $899,528


chart



Uses of Funds as a % of Total Expenses

Programs: 86%  Fund Raising: 1%  Administrative: 8%  Other Expenses: 5%

Total income $899,528
Program expenses $826,045
Fund raising expenses 13,760
Administrative expenses 72,877
Other Expenses 50,000
Total expenses $962,682
Expenses in Excess of Income (63,154)
Beginning net assets 369,132
Ending net assets 305,978
Total liabilities 3,897
Total assets $309,875


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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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