Unbound
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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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.
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