Better Business Bureau Report for
St. Mary's Center

Better Business Bureau Report issued May 2014
Better Business Bureau Report expires October 2016


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: St. Mary's Center
Address: 11700 Main Street
  Middletown, KY 40253
Phone: 502-254-7298
Web Address: www.saintmaryscenter.org
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Better Business Bureau Comments

Year, State Incorporated: 2008, Kentucky
Affiliates: None
Stated Purpose: St. Mary's has a three fold mission: To foster a positive self-image and encourage greater independence and productivity among our students; To provide opportunities for personal, educational and social growth through its myriad community activities and relationships; and To improve the quality of family life for our students through improved social skills and increased functioning.

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Evaluation Conclusions

              

St. Mary's Center 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.

Agency financial statements are reviewed by a CPA but are not audited.

Agency comment relative to issue with standard 11: “Currently, Saint Mary’s Center does not have an annual audit performed due to our limited financial resources. However, we do have an annual review completed by our tax service, Goforth & Herron, PSC. After we move into our new center, and have additional participant enrollment, we do hope that we will be able to have the audit performed annually.”

St. Mary's Center meets the remaining 19 Standards for Charity Accountability.
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Programs

              

St. Mary's Center is a caring, non-denominational, nonprofit agency that serves teens and adults with developmental and intellectual disabilities in the Louisville and Southern Indiana communities. We offer services through our adult day training, teen after-school program, and recreational athletics activities since 1993. A better quality of life, new opportunities to learn to be more productive members of society and restored hope for each participant is the mission of St. Mary's Center. Additionally, supporting the parents and guardians with respite is a goal of our Center. We directly serve over 150 participants each year and an additional 400 individuals are supported through our special athletic competition and other activities throughout the year. Our Executive Director has hosted a statewide annual invitational basketball tournament for the last 40 years for anyone with special needs. Our sports programs serve as a training opportunity for many to prepare for the Special Olympics competitions. Our teams include bowling, basketball, track and field, softball, golf, swimming, cheerleading and our newest sport of bocce.

For the fiscal year ended June 30, 2013, St. Mary's Center's program expenses were:

  
Program Services 395,011
Total Program Expenses: $395,011
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Governance

              

Chief Executive : Sister Regina Bevelacqua, Executive Director
Compensation*: 

Chair of the Board: William Bond
Chair's Profession / Business Affiliation: Business Owner

Co-Chair of the Board : John Muenks, First VP

Chair's Profession / Business Affiliation: Teacher

Co-Chair of the Board : Mary Jo Payne

Chair's Profession / Business Affiliation: Co-Founder of St. Mary's Center

Board Size: 20

Paid Staff Size: 16

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

Methods of fund raising include direct mail, invitations to fund raising events, print advertisements, grant proposals, and membership.
Fund raising costs were 13% of related contributions. (Related contributions, which totaled $817,420, 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 St. Mary's Center's CPA reviewed financial statements for the fiscal year ended June 30, 2013.

Ending net assets as reported below include $1,228,127 in unrestricted net assets, $391,647 in temporarily restricted net assets, and $279,170 in permanently restricted net assets.

Total assets as reported include $343,156 invested in property, land, and equipment.


Source of Funds  
Contributions 710,880
Program Service Receipts 418,818
Special Events 106,540
Interest and Dividends 124
Total Income $1,236,362


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Uses of Funds as a % of Total Expenses

Programs: 60%  Fund Raising: 16%  Administrative: 24% 

Total income $1,236,362
Program expenses $395,011
Fund raising expenses 109,427
Administrative expenses 159,286
Total expenses $663,724
Income in Excess of Expenses 572,638
Beginning net assets 1,323,406
Other Changes in Net Assets 2,900
Ending net assets 1,898,944
Total liabilities 129,370
Total assets $2,028,314

The BBB determined that the agency's program expenses were reasonable even though the program expense ration was under the 65% requirement in standard 8.

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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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