Olive Crest

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 1/31/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Every 10 seconds in our country, a report of child abuse is made. And, every day...five children die from abuse.

These numbers are tragic. And they are very real.

Here at Olive Crest, we will not stand by and allow these numbers to persist in our communities. We fight every day to stop the cycle of child abuse, and to see to it that every child that comes into our care is nurtured in a strong and loving family.

We believe every child, young adult and family is worthy of love, safety, and the opportunity to live a fulfilling life free from pain, fear, and isolation.


Contact information

Mailing address:
Olive Crest
2130 E 4th Street
Suite 200
Santa Ana, CA 92705

Website: olivecrest.org

Phone: 714-543-5437

Email: info@olivecrest.org


Organization details

EIN: 952877102

CEO/President: Donald A. Verleur II

Chairman: James Woodside

Board size: 11

Founder: Dr. Don and Lois Verleur

Year founded: 1978

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1988


Purpose

Olive Crest transforms the lives of at-risk children through the healing power of family. Olive Crest was established on, and continues to honor, Biblical principles and values. Olive Crest acknowledges the existence of a Creator through whom the restoration and healing of a person's life can be fully accomplished. Olive Crest is driven by faith and demonstrates values of truth, grace, and servanthood through our service to at-risk youth and families.


Mission statement

Olive Crest is dedicated to preventing child abuse, treating and educating at-risk children, and preserving the family... One Life at a Time.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Adoption/Foster Care

CategoryRatingOverall rankSector rank
Overall efficiency rating224 of 8578 of 21
Fund acquisition rating560 of 85712 of 21
Resource allocation rating174 of 8577 of 21
Asset utilization rating195 of 8577 of 21

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
13%13%21%18%17%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%6%10%9%9%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
52%49%51%49%56%57%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%7%11%9%9%7%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
48%51%49%51%44%43%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%86%79%81%76%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%98%100%101%101%100%
Program output ratio Program output ratio =
Program services /
Total revenue
77%84%79%81%76%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%2%0%-1%-1%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%8%0%-4%-3%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%8%10%11%15%12%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.931.882.332.091.851.96
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.402.232.382.552.642.34
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
3.024.185.535.324.884.60
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
3.413.412.362.533.073.13
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.290.290.420.400.330.32
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
2.952.031.251.361.661.77
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
22%44%47%46%44%38%
Debt ratio Debt ratio =
Debt /
Total assets
0%29%27%28%29%23%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
56%30%23%26%30%32%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$5,871,343$2,169,800$1,601,205$2,414,385$2,383,418
Receivables, inventories, prepaids$9,200,326$6,649,301$6,498,319$5,386,648$5,775,637
Short-term investments$0$0$0$0$1,668
Other current assets$0$0$0$0$0
Total current assets$15,071,669$8,819,101$8,099,524$7,801,033$8,160,723
Long-term investments$0$0$0$0$0
Fixed assets$18,493,970$11,614,228$11,689,092$11,927,012$10,080,727
Other long-term assets$26,188$542,440$854,365$887,990$874,771
Total long-term assets$18,520,158$12,156,668$12,543,457$12,815,002$10,955,498
Total assets$33,591,827$20,975,769$20,642,981$20,616,035$19,116,221
 
Liabilities20192018201720162015
Payables and accrued expenses$4,303,051$3,626,560$3,039,097$2,542,889$2,592,650
Other current liabilities$114,773$114,773$164,092$0$16,357
Total current liabilities$4,417,824$3,741,333$3,203,189$2,542,889$2,609,007
Debt$9,872,366$5,626,563$5,843,473$5,950,064$4,430,935
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$538,468$402,353$452,760$611,670$163,058
Total long-term liabilities$10,410,834$6,028,916$6,296,233$6,561,734$4,593,993
Total liabilities$14,828,658$9,770,249$9,499,422$9,104,623$7,203,000
 
Net assets20192018201720162015
Unrestricted$18,202,928$10,907,590$10,754,377$11,097,576$9,645,902
Temporarily restricted$560,241$297,930$389,182$413,836$2,267,319
Permanently restricted$0$0$0$0$0
Net assets$18,763,169$11,205,520$11,143,559$11,511,412$11,913,221
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$31,630,527$24,870,735$20,840,696$21,194,927$21,236,698
Program service revenue$30,863,517$21,700,265$19,497,508$15,206,402$14,829,364
Membership dues$0$0$0$0$0
Investment income$496,253($2,456)$51,804($38,075)$430,602
Other revenue$1,577,514$2,241,041$2,289,434$1,431,141$980,040
Total other revenue$32,937,284$23,938,850$21,838,746$16,599,468$16,240,006
Total revenue$64,567,811$48,809,585$42,679,442$37,794,395$37,476,704
 
Expenses20192018201720162015
Program services$53,966,346$38,542,749$34,709,757$28,855,520$30,444,684
Management and general$4,919,859$5,103,022$4,679,871$5,718,038$4,580,533
Fundraising$4,131,649$5,124,894$3,705,764$3,523,210$2,510,158
Total expenses$63,017,854$48,770,665$43,095,392$38,096,768$37,535,375
 
Change in net assets20192018201720162015
Surplus (deficit)$1,549,957$38,920($415,950)($302,373)($58,671)
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,549,957$38,920($415,950)($302,373)($58,671)

Compensation

NameTitleCompensation
Donald Verleur IICeopresident$312,739
Edward BeckerFormer CFO$207,583
Lois VerleurFounder$174,119
Kerri DunkelbergerEx Dir Orange County$172,119
Jaime ZavalaEx Dir Los Angeles$159,222
Sharon DeanCAO$156,334
Tracy FitzsimmonsEx Dir Inland Empire$153,493
Justin LairdCFO Treasurer$142,438
Kathyrn JonesSecretary$112,607

Compensation data as of: 6/30/2019


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 1/31/2021. To update the information below, please email: info@ministrywatch.com


History

After nearly 45 years of caring for abused and neglected children, there is one thing that is crystal clear - the key to transforming the life of a child broken from abuse is the healing power of a strong family.

When hurt and abandoned children are surrounded and supported by a loving family and nurturing relationships, it's amazing to see the dark cloud of fear, loneliness, distrust, and despair begin to lift, and to see promise, hope and light begin to take hold.

They begin to thrive and become the people God intended them to be, full of purpose, unique gifts, talents, and personalities. This is something that Dr. Donald and Mrs. Lois Verleur knew back in 1973 when they took in four young girls who needed a home.

After Dr. Donald and Lois Verleur provided a home for four teenage girls, they became inspired by the olive tree in the front yard, and the idea of a family crest. Olive Crest, a name symbolizing "peaceful family," was born.

Today, more than 40 years later, Olive Crest has grown to become a leader in the prevention and treatment of child abuse, serving nearly 3,000 children and families each day throughout California, Nevada, and the Pacific Northwest.

Though four decades have passed, the Verleurs' original commitment to the individual needs of at-risk youth continues to fuel Olive Crest's mission to make a difference "One Life at a Time."®


Program accomplishments


Needs