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Top Rated

Unbound

CharityWatch report issued
August 2024

Top-Rated Charity
A+
CharityWatch Grade
Our independent grade based
on a number of factors.
 
90%
Program Percentage
Amount spent on programs
relative to overhead.
 
$5
Cost to Raise $100
Amount spent to raise
$100 of contributions.
Ratings & Metrics

Contact Information

Unbound
1 Elmwood Avenue
Kansas City, KS 66103

Other Names

None

Tax Status

501(c)3

Website

www.unbound.org

Stated Mission

To walk with the poor and marginalized of the world. Partners with families living in poverty, empowering them to become self-sufficient and fulfill their desired potential.

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Ratings & Metrics

Learn more about Ratings & Metrics
Data based on Fiscal Year Ended 12/31/2023

Program Percentage: 90%

The percentage of Unbound's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$139,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $5

How many dollars Unbound spends on fundraising to raise each $100 of contributions.

$137,000,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Unbound Consolidated Audited Financial Statements Multiple
Unbound IRS Form 990 43-1243999
Entity: Unbound
Document Type: Consolidated Audited Financial Statements
Tax ID: Multiple
Entity: Unbound
Document Type: IRS Form 990
Tax ID: 43-1243999

Governance & Transparency

Learn more about Governance & Transparency
CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Unbound
meets governance benchmarks.
 
Unbound
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy No Sharing  

Top Salaries

Learn more about Top Salaries
  Name Title Compensation
1 Scott Wasserman Past President / CEO $389,912
2 Ashley Hufft Interim President / CEO $281,636
3 Rob McElroy Interim Chief Technology Officer $243,517
1
Name: Scott Wasserman
Title: Past President / CEO
Compensation: $389,912
2
Name: Ashley Hufft
Title: Interim President / CEO
Compensation: $281,636
3
Name: Rob McElroy
Title: Interim Chief Technology Officer
Compensation: $243,517

Analysts' Notes

Learn more about Analysts' Notes
CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

CharityWatch's rating of Unbound does not include the financial activities of the 31 project offices in 17 countries with which it partners.

According to the Unbound consolidated audit of December 31, 2023 (Note 1, re: Nature of Operations):

"Unbound also partners with 31 project offices in 17 countries to administer the various organization programs. Because Unbound does not exercise control over the project offices, the operations of the project offices are not consolidated in Unbound's [audited] consolidated financial statements..."

According to the Unbound consolidated audit of December 31, 2023 (Note 1, Nature of Operations and Summary of Significant Accounting Policies, Subsequent Events):

"Subsequent events have been evaluated through May __, 2024, which is the date the consolidated statements were available to be issued."

[Unbound's Independent Auditor Report within their consolidated audit of December 31, 2023, was signed on May 30, 2024.]

According to the Unbound 2023 tax filing re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):

Regarding Schedule J, Part I, Line 1A, Travel for Companions:

"In 2023, Anabella Wasserman, wife of Scott Wasserman, President / CEO of Unbound through July 2023, traveled internationally with Mr. Wasserman and other Unbound staff to participate in project mentoring/monitoring. Unbound compensated Ms. Wasserman for her time as an independent contractor and paid for her airfare because her participation was for bona fide business purposes. Ms. Wasserman's long-standing relationship with Unbound, previous involvement leading several church mission trips, being a native of Guatemala and being bi-lingual are just a few of the many attributes that enable her to work successfully and to help Unbound build meaningful relationships with project staff and sponsored families."

Regarding Schedule J, Part I, Line 4A, Severance or Change-of-Control payments:

"Scott Wasserman received severance in the amount of $161,614.

Shah Rahman received severance in the amount of $23,245."

[Wasserman and Rahman's total reported compensation during 2023 was $389,912 and $213,321, respectively.]