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 rating212 of 102222 of 84
Fund acquisition rating347 of 102531 of 85
Resource allocation rating226 of 102515 of 85
Asset utilization rating473 of 102239 of 84

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%4%4%4%3%4%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%4%4%4%3%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%98%99%99%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%5%4%4%3%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%2%1%1%1%1%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%92%93%93%93%93%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%93%94%96%96%95%
Program output ratio Program output ratio =
Program services /
Total revenue
78%86%87%89%89%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%7%6%4%4%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
17%12%11%10%10%13%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%3%3%3%3%3%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.521.591.712.002.232.38
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.231.041.051.051.061.07
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.091.651.792.102.372.55
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.6152.7532.8135.5334.4035.51
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.090.020.030.030.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.687.126.485.544.924.58
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%3%7%4%4%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%3%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
61%61%54%48%43%41%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$14,103,530$17,419,236$13,894,359$12,583,691$11,927,926
Receivables, inventories, prepaids$1,735,050$1,300,498$1,030,903$1,023,133$1,219,818
Short-term investments$66,078,996$55,778,237$48,367,487$41,306,846$37,150,795
Other current assets$0$0$0$0$0
Total current assets$81,917,576$74,497,971$63,292,749$54,913,670$50,298,539
Long-term investments$0$0$0$0$0
Fixed assets$2,956,519$3,089,208$3,204,050$3,348,367$3,510,097
Other long-term assets$529,739$503,227$134,752$145,802$125,214
Total long-term assets$3,486,258$3,592,435$3,338,802$3,494,169$3,635,311
Total assets$85,403,834$78,090,406$66,631,551$58,407,839$53,933,850
 
Liabilities20212020201920182017
Payables and accrued expenses$1,534,258$2,251,721$1,569,608$1,377,409$1,223,048
Other current liabilities$18,655$18,855$211,621$218,866$193,305
Total current liabilities$1,552,913$2,270,576$1,781,229$1,596,275$1,416,353
Debt$0$2,386,100$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$680,476$636,619$571,238$582,919$461,733
Total long-term liabilities$680,476$3,022,719$571,238$582,919$461,733
Total liabilities$2,233,389$5,293,295$2,352,467$2,179,194$1,878,086
 
Net assets20212020201920182017
Without donor restrictions$48,933,262$40,143,512$31,596,789$23,958,997$20,281,552
With donor restrictions$34,237,183$32,653,599$32,682,295$32,269,648$31,774,212
Net assets$83,170,445$72,797,111$64,279,084$56,228,645$52,055,764
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$142,617,882$139,403,527$137,342,200$133,867,370$133,688,878
Program service revenue$1,771$106,459$483,712$516,464$451,135
Membership dues$0$0$0$0$0
Investment income$2,762,828$2,012,861$1,531,261$1,384,795$912,430
Other revenue$504$1,385$12,767$12,547$12,352
Total other revenue$2,765,103$2,120,705$2,027,740$1,913,806$1,375,917
Total revenue$145,382,985$141,524,232$139,369,940$135,781,176$135,064,795
 
Expenses20212020201920182017
Program services$124,837,962$123,815,933$123,381,974$121,138,641$118,678,342
Management and general$4,466,916$4,525,212$4,640,952$4,519,102$4,460,917
Fundraising$6,187,649$5,348,385$5,149,475$4,471,562$4,956,632
Total expenses$135,492,527$133,689,530$133,172,401$130,129,305$128,095,891
 
Change in net assets20212020201920182017
Surplus (deficit)$9,890,458$7,834,702$6,197,539$5,651,871$6,968,904
Other changes in net assets$0$0$0$0$0
Total change in net assets$9,890,458$7,834,702$6,197,539$5,651,871$6,968,904

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 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.