Children's Shelter of Cebu

Summary

The Children's Shelter of Cebu provides food, shelter, medical care, education and counseling to orphaned, surrendered and abandoned children in Cebu, Philippines.


Contact information

Mailing address:
Children's Shelter of Cebu
P.O. Box 247
Cambridge, MN 55008

Website: www.cebushelter.org

Phone: (651) 493-1551

Email: usoffice@cebushelter.org


Organization details

EIN: 411330241

CEO/President: Mr. Tim Holmberg

Chairman: Carolyn Anderson and Bjork Ostrom

Board size: 8

Founder: Marlys Healy

Year founded: 1980

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1992


Purpose

CSC is about restoring lives. We've been doing so since 1979 by ministering to each child holistically. We provide food, shelter and medicine, but also schooling, counseling and relationships that foster healing.


Mission statement

We exist to glorify God by demonstrating His love to the Philippines as we provide a loving, Christ-centered home with comprehensive medical, educational and placement services for homeless Filipino children.


Statement of faith

We believe the Bible to be the only inspired, infallible, and authoritative Word of God. We believe there is one God, the Creator of all beings, Who is eternally existent in three persons: Father, Son, and Holy Spirit. We believe in the deity of Christ, in His sinless life, and in His vicarious and atoning death on the cross for our salvation. We believe that all who place their faith in Jesus Christ as Savior and Lord are born again children of God. We believe that our love for God should find expression in our love for our neighbor, whom Jesus commanded us to love as ourselves.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating397 of 77250 of 104
Fund acquisition rating243 of 77337 of 104
Resource allocation rating388 of 77344 of 104
Asset utilization rating551 of 77271 of 104

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%5%4%5%6%6%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%4%4%5%6%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%99%98%100%99%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%6%6%6%6%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%1%2%0%1%2%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%84%84%84%85%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%72%68%83%100%98%
Program output ratio Program output ratio =
Program services /
Total revenue
81%60%57%70%85%83%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%28%32%17%0%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%24%40%28%-1%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%10%10%11%9%9%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.480.590.791.251.871.81
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.351.001.001.011.011.02
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.220.590.791.261.891.84
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.74143.9693.9775.3735.8630.08
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.010.010.010.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.9420.2314.979.406.176.30
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%7%8%10%13%18%
Debt ratio Debt ratio =
Debt /
Total assets
0%1%0%0%0%1%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%159%117%72%46%45%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$1,801,428$1,132,780$808,937$495,007$530,445
Receivables, inventories, prepaids$46,121$11,301$19,472$59,334$99,699
Short-term investments$1,135,684$953,977$598,773$471,539$423,264
Other current assets$0$0$0$0$0
Total current assets$2,983,233$2,098,058$1,427,182$1,025,880$1,053,408
Long-term investments$0$0$0$0$0
Fixed assets$3,985$7,628$10,647$13,080$16,578
Other long-term assets$0$0$0$0$0
Total long-term assets$3,985$7,628$10,647$13,080$16,578
Total assets$2,987,218$2,105,686$1,437,829$1,038,960$1,069,986
 
Liabilities20192018201720162015
Payables and accrued expenses$20,723$22,327$18,936$28,606$35,018
Other current liabilities$0$0$0$0$0
Total current liabilities$20,723$22,327$18,936$28,606$35,018
Debt$30,000$1,452$3,329$5,120$6,828
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$146,477$139,170$123,240$106,192$149,752
Total long-term liabilities$176,477$140,622$126,569$111,312$156,580
Total liabilities$197,200$162,949$145,505$139,918$191,598
 
Net assets20192018201720162015
Unrestricted$0$1,509,938$829,311$475,553$489,621
Temporarily restricted$0$200,306$230,520$190,996$156,274
Permanently restricted$0$232,493$232,493$232,493$232,493
Net assets$2,790,018$1,942,737$1,292,324$899,042$878,388
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$2,403,310$2,400,489$2,150,323$1,912,739$1,944,581
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$37,501$62,649$23,278$16,964$24,451
Other revenue($12,592)($13,843)($15,825)$3,968$12,637
Total other revenue$24,909$48,806$7,453$20,932$37,088
Total revenue$2,428,219$2,449,295$2,157,776$1,933,671$1,981,669
 
Expenses20192018201720162015
Program services$1,467,544$1,391,644$1,504,395$1,649,403$1,647,574
Management and general$180,344$170,158$189,264$165,460$176,408
Fundraising$109,137$101,630$103,463$124,114$114,472
Total expenses$1,757,025$1,663,432$1,797,122$1,938,977$1,938,454
 
Change in net assets20192018201720162015
Surplus (deficit)$671,194$785,863$360,654($5,306)$43,215
Other changes in net assets$0$0$0$0$0
Total change in net assets$671,194$785,863$360,654($5,306)$43,215

Compensation

NameTitleCompensation
Paul HealyField Director$79,970
Tim HolmbergPresident$20,000
Roberto AtienzaField Director$17,453

Compensation data as of: 12/31/2019


Response from ministry

No response has been provided by this ministry.


History

God founded CSC. He found a few willing young people to whom He gave the vision. God provided the smarts, the supporters, the strength, the joy and the ability to bounce back from disappointments and difficulties. CSC was founded on His goodness and mercy, and His love for the broken young lives that have come to live with us. In 1978, Marlys Healy visited the Philippines. Her heart was broken by the desperate conditions of the street children in Cebu City. A desire grew in her to do something to help those children, and she began to share it with others. After returning to the US she gathered some interested friends (she married Paul Healy along the way) and they began raising the funds necessary to start caring for children in Cebu. This group of friends, being frustrated by the long, slow process of collecting funds, began to wonder if this whole thing was a crazy idea that wasn't going to work out. Then Paul was invited to speak to a group of university students. As Marlys says: "We all knew that you don't do fundraising with college students, but they could surely pray. There happened to be a young man there that evening who was touched deeply while Paul was sharing and he gave us half of a trust fund, which was $40,000. To this day it is still thrilling to tell that story, and I still get tears in my eyes when I think of how God touched that young student, and how he shared so generously. We took that as the sign we had prayed for and sold our winter clothes and a few pieces of furniture and we packed our bags and were off to the Philippines in May of '79." In 1979, they began offering care to those in need. The ministry grew each year. At one point in the early days at CSC, 22 children and adults lived in a one-bathroom home!


Program accomplishments

CSC has served over 900 orphaned children and over 600 CSC children have been adopted in 14 countries since 1979.


Needs