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CHARITY REVIEW
Issued: November 2023 Expires: November 2025

CEDARS Home for Children Foundation

Standards Not Met
Standards Not Met
8 10
(402) 434-5437
6601 Pioneers Boulevard
Lincoln, NE, 68506
https://cedarskids.org/
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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

CEDARS Home for Children Foundation does not meet the following 2 Standards for Charity Accountability:

Standard 8 (Program Service Expense Ratio)
Spend at least 65% of its total expenses on program activities.

CEDARS does not meet this Standard because:

  • According to its audited financial statements for the fiscal year ended 6/30/2022, the organization spent $1,469,788 or 48% of its total expenses on programs.

Standard 10 (Ending Net Assets)
Avoid accumulating funds that could be used for current program activities. To meet this standard, the charity's unrestricted net assets available for use should not be more than three times the size of the past year's expenses or three times the size of the current year's budget, whichever is higher.

CEDARS does not meet this Standard because:

  • According to its audited financial statements for the fiscal year ending 6/30/2022, the organization's total unrestricted net assets were $28,307,146, or 4.75 times the charity's total budgeted expenses of $5,952,162.

CEDARS Home for Children Foundation meets the remaining 18 Standards for Charity Accountability.

Stated Purpose:
"to help abused, neglected and homeless children and youth achieve safety, stability and enduring family relationships."

Year, State Incorporated:
1947, NE

CEDARS Home for Children Foundation (CEDARS) serves children and youth who are unable to live at home due to abuse, neglect, homelessness, running away or other family crisis. The organization reports that it provides safe places to stay that offer structure and support while working to facilitate a successful transition to a permanent living situation. CEDARS works with under-resourced families by focusing on maintaining healthy connections and helping families remain together with services designed to help the entire family. The organization also aims to provide children with early and ongoing developmental opportunities in an inclusive, diverse environment to help them become better learners in nationally accredited classrooms. CEDARS works with youth involved in the juvenile justice program. For youth who are at risk for or who have committed law violations, CEDARS provides development programs to prevent subsequent law violation and prepare them to live successfully in the community.

For the year ended June 30, 2022, CEDARS Home for Children Foundation's program expenses were:

Support to CEDARS Youth services $1,469,788
Total Program Expenses $1,469,788

Chief Executive
James Blue, President and Chief Executive Officer

Compensation*
$221,165

Chair of the Board
Judy Halstead

Chair's Profession / Business Affiliation
Retired Director, Lincoln and Lancaster County Health Department

Board Size
12

Paid Staff Size
200

*2021 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

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

Fundraising costs were 15% of related contributions. (Related contributions, which totaled $2,447,325, 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 CEDARS Home for Children Foundation's audited financial statements for the year ended June 30, 2022.

Source of Funds
Annuity contributions $31,825
Farm income $36,920
Rental income $54,543
In-kind $215,677
Realized capital gains $341,529
Bequests $599,067
Investment income, net $1,398,946
Contributions and gifts $1,632,581
Total Income $4,311,088

Programs: 48% Fundraising: 12% Administrative: 40%

Total Income $4,311,088
Total expenses: $3,069,162
  Program expenses $1,469,788
  Fundraising expenses $357,822
  Administrative expenses $1,241,552
  Other expenses $0
Income in Excess of Expenses $1,241,926
Beginning Net Assets $46,065,834
Other Changes In Net Assets $-9,015,930
Ending Net Assets $38,291,830
Total Liabilities $1,917,909
Total Assets $40,209,739

Note: In the above financial section, "other changes in net assets" represents unrealized investment losses (-$8,970,1441) and actuarrial adjustments (-$45,789).

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