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

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating199 of 58544 of 94
Fund acquisition rating141 of 58531 of 94
Resource allocation rating267 of 58547 of 94
Asset utilization rating317 of 58565 of 94

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%4%5%6%6%6%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%4%5%6%6%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%98%100%99%98%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%6%6%6%6%7%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%2%0%1%2%2%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%84%84%85%85%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%68%83%100%98%93%
Program output ratio Program output ratio =
Program services /
Total revenue
80%57%70%85%83%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%32%17%0%2%7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%40%28%-1%5%15%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%10%11%9%9%12%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.080.791.251.871.811.72
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.691.001.011.011.021.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.180.791.261.891.841.74
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.8493.9775.3735.8630.0824.50
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.010.010.030.030.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.7114.979.406.176.306.63
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%8%10%13%18%18%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%1%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
75%117%72%46%45%48%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$1,132,780$808,937$495,007$530,445$465,066
Receivables, inventories, prepaids$11,301$19,472$59,334$99,699$143,059
Short-term investments$953,977$598,773$471,539$423,264$452,760
Other current assets$0$0$0$0$0
Total current assets$2,098,058$1,427,182$1,025,880$1,053,408$1,060,885
Long-term investments$0$0$0$0$0
Fixed assets$7,628$10,647$13,080$16,578$6,972
Other long-term assets$0$0$0$0$0
Total long-term assets$7,628$10,647$13,080$16,578$6,972
Total assets$2,105,686$1,437,829$1,038,960$1,069,986$1,067,857
 
Liabilities20182017201620152014
Payables and accrued expenses$22,327$18,936$28,606$35,018$43,303
Other current liabilities$0$0$0$0$0
Total current liabilities$22,327$18,936$28,606$35,018$43,303
Debt$1,452$3,329$5,120$6,828$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$139,170$123,240$106,192$149,752$147,719
Total long-term liabilities$140,622$126,569$111,312$156,580$147,719
Total liabilities$162,949$145,505$139,918$191,598$191,022
 
Net assets20182017201620152014
Unrestricted$1,509,938$829,311$475,553$489,621$461,098
Temporarily restricted$200,306$230,520$190,996$156,274$183,244
Permanently restricted$232,493$232,493$232,493$232,493$232,493
Net assets$1,942,737$1,292,324$899,042$878,388$876,835
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$2,400,489$2,150,323$1,912,739$1,944,581$1,931,068
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$62,649$23,278$16,964$24,451$41,185
Other revenue($13,843)($15,825)$3,968$12,637$1,510
Total other revenue$48,806$7,453$20,932$37,088$42,695
Total revenue$2,449,295$2,157,776$1,933,671$1,981,669$1,973,763
 
Expenses20182017201620152014
Program services$1,391,644$1,504,395$1,649,403$1,647,574$1,497,325
Management and general$170,158$189,264$165,460$176,408$223,483
Fundraising$101,630$103,463$124,114$114,472$120,002
Total expenses$1,663,432$1,797,122$1,938,977$1,938,454$1,840,810
 
Change in net assets20182017201620152014
Surplus (deficit)$785,863$360,654($5,306)$43,215$132,953
Other changes in net assets$0$0$0$0$0
Total change in net assets$785,863$360,654($5,306)$43,215$132,953

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