Unbound previously Christian Foundation for Children and Aging/ CFCA

The information on this page was last updated 2/7/2022. 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
PO Box 219114
Kansas City, MO 64121-9114

Website: www.unbound.org

Phone: (800) 875-6564

Email: [email protected]


Organization details

EIN: 431243999

CEO/President: Mr. Scott Wasserman

Chairman: David Herbison

Board size: 12

Founder: Hentzen siblings & Jerry Tolle

Ruling year: 1981

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 uses the following to express its mission:

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.
Grounded in the Gospel call to serve the poor, Unbound is a lay Catholic organization working with persons of all faith traditions to create a worldwide community of compassion and service.

Statement of faith

Unbound uses the following to express its Statement of Faith:

Unbound is a lay Catholic organization working with persons of all faith traditions to create a worldwide community of compassion and service.

Unbound is grounded in the Gospel call to serve the poor. We recognize Christ embodied in each person and prayerfully strive to apply the preferential option for the poor expressed in Catholic social doctrine.

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 rating157 of 103320 of 85
Fund acquisition rating286 of 103530 of 85
Resource allocation rating158 of 103515 of 85
Asset utilization rating448 of 103337 of 85

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%4%4%3%4%4%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%4%4%3%4%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%98%97%100%98%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%4%4%3%4%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%2%3%0%2%1%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%93%93%93%93%92%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%94%94%97%94%97%
Program output ratio Program output ratio =
Program services /
Total revenue
78%87%87%90%87%89%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%6%6%3%6%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
14%12%13%7%15%9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%3%3%3%3%3%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.491.712.002.232.372.72
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.221.041.051.061.071.09
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.131.782.102.362.542.98
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.5916.0926.9725.2426.8423.51
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.060.040.040.040.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.596.315.504.884.553.86
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%7%4%4%3%4%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
54%54%48%43%41%35%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$17,426,373$13,894,735$12,586,057$11,931,578$11,945,391
Receivables, inventories, prepaids$1,666,596$1,033,994$1,040,671$1,221,540$1,267,919
Short-term investments$55,915,365$48,499,148$41,435,131$37,274,287$28,719,695
Other current assets$0$0$0$0$0
Total current assets$75,008,334$63,427,877$55,061,859$50,427,405$41,933,005
Long-term investments$0$0$0$0$0
Fixed assets$3,089,208$3,204,050$3,348,367$3,510,097$3,931,275
Other long-term assets$0$0$0$0$0
Total long-term assets$3,089,208$3,204,050$3,348,367$3,510,097$3,931,275
Total assets$78,097,542$66,631,927$58,410,226$53,937,502$45,864,280
 
Liabilities20202019201820172016
Payables and accrued expenses$4,661,094$1,780,407$1,598,912$1,416,811$1,303,144
Other current liabilities$0$571,238$582,919$461,733$480,850
Total current liabilities$4,661,094$2,351,645$2,181,831$1,878,544$1,783,994
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$636,619$0$0$0$0
Total long-term liabilities$636,619$0$0$0$0
Total liabilities$5,297,713$2,351,645$2,181,831$1,878,544$1,783,994
 
Net assets20202019201820172016
Without donor restrictions$40,146,228$31,597,985$23,958,747$20,284,746$14,778,421
With donor restrictions$32,653,601$32,682,297$32,269,648$31,774,212$29,301,865
Net assets$72,799,829$64,280,282$56,228,395$52,058,958$44,080,286
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$139,403,527$137,342,201$133,867,369$133,688,878$127,376,954
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$771,782$1,870,542($1,481,759)$1,000,913$524,049
Other revenue$2,028,855$2,009,176$1,857,164$1,330,244$1,144,428
Total other revenue$2,800,637$3,879,718$375,405$2,331,157$1,668,477
Total revenue$142,204,164$141,221,919$134,242,774$136,020,035$129,045,431
 
Expenses20202019201820172016
Program services$123,811,020$123,379,605$121,140,867$118,674,860$115,148,019
Management and general$4,525,212$4,640,952$4,460,908$4,409,871$4,290,741
Fundraising$5,348,385$5,149,475$4,471,562$4,956,632$5,436,664
Total expenses$133,684,617$133,170,032$130,073,337$128,041,363$124,875,424
 
Change in net assets20202019201820172016
Surplus (deficit)$8,519,547$8,051,887$4,169,437$7,978,672$4,170,007
Other changes in net assets$0$0$0$0$0
Total change in net assets$8,519,547$8,051,887$4,169,437$7,978,672$4,170,007

Compensation

NameTitleCompensation
Scott WassermanPresident/Ceo (non-Voting)$286,213
Rob McElroyLead Software Architect$181,046
Steve McClainDirector of Outreach$171,907
Martin KrausTreasurer (non-Voting)/Dir Fin$171,503
Mary GeiszDirector of Sponsor Experience$160,601
John DoughertyDirector of Technology Service$153,847
Donna HatchetteLead Software Architect$128,630
William HansenSecretary (non-Voting)/Fin Mgr$103,340

Compensation data as of: 12/31/2020


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 2/7/2022. To update the information below, please email: [email protected]


History

The vision of Unbound began in 1981 with Bob, Bud and Jim Hentzen, their sister Nadine Pearce and their friend Jerry Tolle. Bob and Jerry were former missionaries who witnessed firsthand the devastating effects of poverty while working in Latin America.

They met hard-working families struggling heroically to make better lives for their children. The founders envisioned a program that would invite people to partner with these families to support and encourage them.

Guided by their faith and inspired by the principles of Catholic social teaching, the group created an innovative, highly-personalized sponsorship program.

Their goal was to empower families and connect the world not only with their struggles, but also with their incredible gifts.

"We really didn't know what we were doing, but we were doing it anyway," said Nadine.

In 1981, the group pooled their Christmas card lists and asked a couple hundred friends and relatives to get involved. And they called their effort the Christian Foundation for Children. As Bud later described it, "The letter fell flat on its face."

But the group persevered, gaining one sponsor a day, then a few more. After four years, there were a 1000.

Christian Foundation for Children became Christian Foundation for Children and Aging and then, in 2014, Unbound.

Over the years, the organization has served more than 800,000 children, students and aging adults and currently works with more than 300,000 people supported by 260,000 sponsors.

Families around the world contribute to Unbound. Sponsors, volunteers and the families we serve all bring their gifts, initiative and potential to bear on creating connections and lifting each other up in the face of life's challenges.

The organization has grown, but the dream of families working together remains. The founders' commitment to the people we serve and their passionate and dedicated example continues to inspire us today.


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.