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CHARITY REVIEW
Issued: June 2024 Expires: June 2026

Unbound

Accredited Charity
Accredited Charity

Meets Standards
(800) 875-6564
1 Elmwood Avenue
Kansas City, KS, 66103
https://www.unbound.org
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

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

Unbound meets the 20 Standards for Charity Accountability.

Child Sponsorship


Unbound's child sponsorship program costs $40 per month for sponsors. Sponsors provide financial support for the child and child's family. Funds support tuition, school supplies, health care, housing repairs, and programs cultivating economic self-sufficiency through training, workshops, and access to capital for the creation of small businesses. Sponsors may also write to their sponsored child.

Stated Purpose:
"to walk with the poor and marginalized of the world."

Year, State Incorporated:
1981, MO

Unbound reports that it is an organization founded by Catholics that provides direct support to children, youth and elders, along with their families, so they may live with dignity and participate in society. The organization also works with the local communities where sponsored children and their families live across Africa, Asia, and Latin America. Participating families receive financial assistance and utilize education programs and leadership and economic development programs to improve their circumstances. In 2023, Unbound states that it served 259,462 individuals in 18 countries.

For the year ended December 31, 2022, Unbound's program expenses were:

Program services $124,534,540
Total Program Expenses $124,534,540

Chief Executive
Ashley Hufft, President and Chief Executive Officer

Compensation*
$315,036

Chair of the Board
Emma Miller

Chair's Profession / Business Affiliation
Marketing Consultant

Board Size
8

Paid Staff Size
114

*2023 compensation, as reported by the organization, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Note: In 2022, Scott Wasserman served as the organization's President and Chief Executive Officer, receiving $312,036 in compensation.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Special events, Telemarketing, Foundation grants, Corporate solicitation

Fundraising costs were 5% of related contributions. (Related contributions, which totaled $137,562,066, are donations received as a result of fundraising activities.)

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 Unbound's audited financial statements for the year ended December 31, 2022.

Source of Funds
Investment income, net $-5,091,136
Other income $1,808,576
Contributions $16,876,412
Sponsorships $120,685,654
Total Income $134,279,506

Programs: 91% Fundraising: 5% Administrative: 4%

Total Income $134,279,506
Total expenses: $136,242,162
  Program expenses $124,534,540
  Fundraising expenses $6,562,518
  Administrative expenses $5,145,104
  Other expenses $0
Income in Excess of Expenses $-1,962,656
Beginning Net Assets $83,175,273
Other Changes In Net Assets $-2,206
Ending Net Assets $81,210,411
Total Liabilities $2,174,758
Total Assets $83,385,169

Note: As noted in the above financial section, "other changes in net assets" refers to unrealized losses on foreign currency exchanges.

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.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance