Children's Shelter of Cebu

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/14/2020. To update the information in this column, please email: info@ministrywatch.com


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 rating540 of 91162 of 105
Fund acquisition rating342 of 91344 of 105
Resource allocation rating442 of 91350 of 105
Asset utilization rating735 of 91187 of 105

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%5%5%4%5%6%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%5%4%4%5%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%98%99%98%100%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%6%6%6%6%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%2%1%2%0%1%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%84%84%84%84%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%74%72%68%83%100%
Program output ratio Program output ratio =
Program services /
Total revenue
81%62%60%57%70%85%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%26%28%32%17%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%18%24%40%28%-1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%10%10%10%11%9%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.330.500.590.791.251.87
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.271.311.001.001.011.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.020.660.590.791.261.89
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
17.62136.74143.9693.9775.3735.86
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.010.010.010.010.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.1918.0720.2314.979.406.17
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%2%7%8%10%13%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%1%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
65%194%159%117%72%46%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$1,406,039$1,801,428$1,132,780$808,937$495,007
Receivables, inventories, prepaids$2,522$46,121$11,301$19,472$59,334
Short-term investments$1,415,889$1,135,684$953,977$598,773$471,539
Other current assets$0$0$0$0$0
Total current assets$2,824,450$2,983,233$2,098,058$1,427,182$1,025,880
Long-term investments$875,219$0$0$0$0
Fixed assets$3,430$3,985$7,628$10,647$13,080
Other long-term assets$0$0$0$0$0
Total long-term assets$878,649$3,985$7,628$10,647$13,080
Total assets$3,703,099$2,987,218$2,105,686$1,437,829$1,038,960
 
Liabilities20202019201820172016
Payables and accrued expenses$20,656$20,723$22,327$18,936$28,606
Other current liabilities$0$0$0$0$0
Total current liabilities$20,656$20,723$22,327$18,936$28,606
Debt$0$30,000$1,452$3,329$5,120
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$65,726$146,477$139,170$123,240$106,192
Total long-term liabilities$65,726$176,477$140,622$126,569$111,312
Total liabilities$86,382$197,200$162,949$145,505$139,918
 
Net assets20202019201820172016
Without donor restrictions$3,023,764$2,280,182$1,509,938$829,311$475,553
With donor restrictions$592,953$509,836$432,799$463,013$423,489
Net assets$3,616,717$2,790,018$1,942,737$1,292,324$899,042
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$2,473,861$2,403,310$2,400,489$2,150,323$1,912,739
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$52,222$37,501$62,649$23,278$16,964
Other revenue$725($12,592)($13,843)($15,825)$3,968
Total other revenue$52,947$24,909$48,806$7,453$20,932
Total revenue$2,526,808$2,428,219$2,449,295$2,157,776$1,933,671
 
Expenses20202019201820172016
Program services$1,559,161$1,467,544$1,391,644$1,504,395$1,649,403
Management and general$183,963$180,344$170,158$189,264$165,460
Fundraising$118,826$109,137$101,630$103,463$124,114
Total expenses$1,861,950$1,757,025$1,663,432$1,797,122$1,938,977
 
Change in net assets20202019201820172016
Surplus (deficit)$664,858$671,194$785,863$360,654($5,306)
Other changes in net assets$0$0$0$0$0
Total change in net assets$664,858$671,194$785,863$360,654($5,306)

Compensation

NameTitleCompensation
Paul HealyCo-Founder$86,111
Kirby Stoll Aug-DecPresident$38,000
Tim Holmberg Jan-AugPresident$13,077

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 12/14/2020. To update the information below, please email: info@ministrywatch.com


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