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CHARITY REVIEW
Issued: July 2024 Expires: July 2026

Spina Bifida Association of Kentucky

Accredited Charity
Accredited Charity

Meets Standards

Accreditation seal
982 Eastern Pkwy Ste 18
Louisville, KY, 40217-1575

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Spina Bifida Association of Kentucky meets the 20 Standards for Charity Accountability.

Stated Purpose:
To build a better and brighter future for all those impacted by Spina Bifida.

Year, State Incorporated:
1983, KY

The Spina Bifida Association of Kentucky provides social, educational, and financial programs, resources, and referrals for the adults, children, and families impacted by Spina Bifida in Kentucky and Southern Indiana.

For the year ended December 31, 2022, Spina Bifida Association of Kentucky's program expenses were:

Program services $140,936
Total Program Expenses $140,936

Chief Executive
Sarah Richardson, Executive Director

Chair of the Board
Mr. Jonathan Evans

Chair's Profession / Business Affiliation
Data Science Adviser, BP/Thornton's

Board Size
12

Paid Staff Size
3

Method(s) Used:
Invitations to fund raising events, Grant proposals, Internet, Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 10.67%

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.

The following information is based on Spina Bifida Association of Kentucky's unaudited financial statements for the year ended December 31, 2022.

Source of Funds
Contributions and grants $149,062
Special events, net $104,005
Contributions of nonfinancial assets $24,730
Investment income $162
Total Income $277,959

Programs: 71% Fundraising: 15% Administrative: 14%

Total Income $277,959
Total expenses: $198,193
  Program expenses $140,936
  Fundraising expenses $29,641
  Administrative expenses $27,616
  Other expenses $0
Income in Excess of Expenses $79,766
Beginning Net Assets $130,630
Other Changes In Net Assets $0
Ending Net Assets $210,396
Total Liabilities $6,356
Total Assets $216,752
Ending net assets as reported above include $120,270 without donor restrictions and $90,125 with donor restrictions.

Total assets as reported above include $7,953 in property and equipment, net.

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 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 International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB serving Greater Kentucky and South Central Indiana