Human Services : Social Services
Catholic Charities of Buffalo
Hope for all seasons of life
Response
Posted by CCBuffalo | January 31, 2008 2:27:21 PM
Catholic Charities of Buffalo, NY reports financial activities within combined financial statements including itself and affiliated entities. All revenue and expenses for program operations and administration of the organization are reported as operating activities. Nonoperating activities primarily include contributions, bequests and investment income.
The affiliated entities of Catholic Charities of Buffalo, NY reported on the combined financial statements 1 include:
Catholic Charities of Buffalo, NY, Manpower Services, Inc.2 Monsignor Carr Institute, Inc. Ladies of Charity of Buffalo, NY, Inc. Holy Innocents Day Care Center.
The affiliated entities share various administrative costs which allow us to maximize program spending. For the years ended 6/30/06 and 6/30/07, administrative costs for the combined entities were 12.5% and 12%, respectively. Fundraising costs are minimized by volunteer efforts and were 3.2% and 3.1% for the years ended 6/30/06 and 6/30/07, respectively.
Although separate Federal Form 990 Information Returns are filed with the Internal Revenue Service for Catholic Charities of Buffalo, NY and Monsignor Carr Institute, Inc., we believe the combined financial statements more accurately reflect the Catholic Charities of Buffalo, NY organization as a whole.
1This document is accessible at: http://www.ccwny.org/financial_information.php and at: http://www2.ccwny.org/appeal/financial_information.html
2 Subsequent to the 6/30/07 year end of Catholic Charities, court approval was received for the dissolution of Catholic Charities of Buffalo, NY Manpower Services, Inc. The assets and liabilities of that entity will be transferred to Catholic Charities.
Submit your comment
You must be logged in to leave a comment. Log In or Register Now. It's Free!
Once submitted, all comments are final and may not be edited or deleted by the commenter.
Read posting guidelines
Posting Guidelines for Comments and Other Content
Registered users of Charity Navigator may post comments and other content, so long as the comments and content are not illegal, obscene, threatening, defamatory, invasive of privacy, infringing of intellectual property rights, or otherwise injurious to third parties or objectionable and do not consist of or contain software viruses, political campaigning, commercial solicitation, chain letters, mass mailings, or any form of "spam."
When posting a comment on this site, you may not use a false e-mail address, impersonate any person or entity, or otherwise mislead as to the origin of the comments and content. You are encouraged not to post comments anonymously. Comments and content posted in this section are not the opinion of Charity Navigator. If you do post comments, content or submit material, you represent and warrant that you own or otherwise control all of the rights to the content that you post; that the content is accurate; that use of the content you supply does not violate this policy and will not cause injury to any person or entity; and that you will indemnify Charity Navigator for all claims resulting from content you supply. Charity Navigator has the absolute right but not the obligation to monitor and edit or remove any activity or content, for any reason. Charity Navigator takes no responsibility and assumes no liability for any content posted by you or any third party.
Charity Navigator reserves the right to terminate this feature at any time, with or without advance notice.
Poor rating, no privacy policy?
Posted by pboy | February 27, 2009 7:59:09 AM
I've donated to Catholic Charities of Buffalo for all of my life. I recently checked the stats on them and was shocked to say the least at their poor numbers and the fact that they have no privacy policy. Who doesn't have a privacy policy these days?? Why not? I'd be interested in their response. I read their response (above) regarding the administrative costs and now its as clear as mud. I think you guys better do a better job explaining this or you are going to lose some donors.