Unbound previously Christian Foundation for Children and Aging

The information on this page was last updated 12/28/2022. If you see errors or omissions, please email: [email protected]


Summary

Unbound is an international nonprofit founded by lay Catholics grounded in the Gospel call to put the needs of the marginalized and vulnerable first. We build relationships of mutual respect and support that bridge cultural, religious and economic divides. We invite all people of goodwill to join us.

Working side by side with people of diverse faith traditions in 19 countries, we bring people together to challenge poverty in new and innovative ways.

We inspire confidence and offer opportunity and encouragement to children and families living on the margins of society. We create practical and trustworthy means for people to help others and nurture human connections that uplift us all.


Contact information

Mailing address:
Unbound
1 Elmwood Ave
Kansas City, KS 66103

Website: www.unbound.org

Phone: (800) 875-6564

Email: [email protected]


Organization details

EIN: 431243999

CEO/President: Scott Wasserman

Chairman: David Herbison

Board size: 13

Founder: Hentzen siblings & Jerry Tolle

Ruling year: 1983

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

We believe in strong families.
Unbound sponsorship goes beyond distributing material goods and empowers families to become self-sufficient. Families-those with both parents in the home and those headed by one parent or a guardian-are the pillars of a strong, supportive community.

We believe in the wisdom of mothers.
Mothers are often the primary caregivers and know what their families need most to succeed. Our programs are designed in true partnership with the mothers, encouraging them to participate in defining benefits and services for their children.

We believe in the power of friendships.
We provide the opportunity for the sponsor and sponsored friend to make a real connection that gives hope and meaning to both. This connection opens a window between the two worlds and reveals the bonds that tie us together as one human family.

We believe in the dignity of all human beings.
We recognize the inherent dignity of all human beings. When we create a true exchange of cultures, understanding and love as equals, we are doing more than alleviating material poverty. We are also creating the bonds of lasting peace and unity among people of diverse faiths and backgrounds.

We believe in hope.
Because the families we serve are active participants in the program and in their own struggle, hope is a powerful gift that can help them overcome tremendous odds. Their courage in the face of poverty brings hope to their sponsors as well.


Mission statement

Unbound's mission is to walk with the poor and marginalized of the world.

We provide personal attention and direct benefits to children, youth, aging and their families so they may live with dignity, achieve their desired potential and participate fully in society.

We invite people of good will to live in daily solidarity with the world's poor through one-to-one sponsorship.

We build community by fostering relationships of mutual respect, understanding and support that are culturally diverse, empowering and without religious or other prejudice.


Statement of faith

Donor confidence score

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Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating276 of 109724 of 84
Fund acquisition rating461 of 109939 of 84
Resource allocation rating278 of 109917 of 84
Asset utilization rating451 of 109739 of 84

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%5%4%4%4%3%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%5%4%4%4%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%99%98%99%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%5%5%4%4%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%1%2%1%1%1%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%91%92%93%93%93%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%98%93%94%96%96%
Program output ratio Program output ratio =
Program services /
Total revenue
80%89%86%87%89%89%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%2%7%6%4%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
12%4%12%11%10%10%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
6%4%3%3%3%3%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.591.631.591.712.002.23
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.221.261.041.051.051.06
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.982.051.651.792.102.37
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
18.3442.7052.7532.8135.5334.40
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.020.020.030.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.645.717.126.485.544.92
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%3%3%7%4%4%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%3%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
58%60%61%54%48%43%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$14,409,726$14,103,530$17,419,236$13,894,359$12,583,691
Receivables, inventories, prepaids$1,156,711$1,735,050$1,300,498$1,030,903$1,023,133
Short-term investments$50,778,534$66,078,996$55,778,237$48,367,487$41,306,846
Other current assets$0$0$0$0$0
Total current assets$66,344,971$81,917,576$74,497,971$63,292,749$54,913,670
Long-term investments$0$0$0$0$0
Fixed assets$2,945,554$2,956,519$3,089,208$3,204,050$3,348,367
Other long-term assets$14,075,907$529,739$503,227$134,752$145,802
Total long-term assets$17,021,461$3,486,258$3,592,435$3,338,802$3,494,169
Total assets$83,366,432$85,403,834$78,090,406$66,631,551$58,407,839
 
Liabilities20222021202020192018
Payables and accrued expenses$1,553,794$1,534,258$2,251,721$1,569,608$1,377,409
Other current liabilities$0$18,655$18,855$211,621$218,866
Total current liabilities$1,553,794$1,552,913$2,270,576$1,781,229$1,596,275
Debt$0$0$2,386,100$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$608,610$680,476$636,619$571,238$582,919
Total long-term liabilities$608,610$680,476$3,022,719$571,238$582,919
Total liabilities$2,162,404$2,233,389$5,293,295$2,352,467$2,179,194
 
Net assets20222021202020192018
Without donor restrictions$47,415,080$48,933,262$40,143,512$31,596,789$23,958,997
With donor restrictions$33,788,948$34,237,183$32,653,599$32,682,295$32,269,648
Net assets$81,204,028$83,170,445$72,797,111$64,279,084$56,228,645
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$137,562,066$142,617,882$139,403,527$137,342,200$133,867,370
Program service revenue$8,463$1,771$106,459$483,712$516,464
Membership dues$0$0$0$0$0
Investment income$1,774,535$2,762,828$2,012,861$1,531,261$1,384,795
Other revenue$423$504$1,385$12,767$12,547
Total other revenue$1,783,421$2,765,103$2,120,705$2,027,740$1,913,806
Total revenue$139,345,487$145,382,985$141,524,232$139,369,940$135,781,176
 
Expenses20222021202020192018
Program services$124,536,093$124,837,962$123,815,933$123,381,974$121,138,641
Management and general$5,145,104$4,466,916$4,525,212$4,640,952$4,519,102
Fundraising$6,562,518$6,187,649$5,348,385$5,149,475$4,471,562
Total expenses$136,243,715$135,492,527$133,689,530$133,172,401$130,129,305
 
Change in net assets20222021202020192018
Surplus (deficit)$3,101,772$9,890,458$7,834,702$6,197,539$5,651,871
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,101,772$9,890,458$7,834,702$6,197,539$5,651,871

Compensation

NameTitleCompensation
Scott WassermanPresident/Ceo (non-Voting)$312,036
Rob McElroyLead Software Architect$197,879
Steve McClainDir of Growth and Revenue Dev$187,315
Martin KrausTreasurer (non-Voting)/Dir Fin$186,325
Dan Winholtz PearsonDir of International Programs$179,949
John DoughertyDirector of Technology Service$165,164
Kristina ThompsonMARKETING/COMM DIRector$137,731
William HansenSecretary (non-Voting)/Fin Mgr$113,118
Rev Dennis MartinPreach Rep-Non-Voting$5,949

Compensation data as of: 12/31/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 12/28/2022. To update the information below, please email: [email protected]


History

The vision for Unbound began with Bob, Bud and Jim Hentzen, their sister Nadine Hentzen Pearce and their friend Jerry Tolle. Bob and Jerry were former missionaries who, while working in Latin America, witnessed the devastating effects of poverty on families struggling heroically to make better lives for their children. Guided by faith and rooted in Catholic social teaching, the founders envisioned a program that would invite people to partner with families to support, encourage and empower them.

Visit: https://www.unbound.org/OurImpact/WhoWeAre/OurHistory


Program accomplishments

In the Unbound program...
51% of sponsored children stay in school more than a year longer than their peers.
77% of sponsored children participate in the program through organized small groups.
90% of mothers believe they have the power to change the lives of their families.


Needs

Your donation in support of our work helps us address the most urgent needs of the families we serve.