Dear Friends,


The support you provide to Children’s Bible Fellowship is a true blessing, and one which allows us to

help guide so many along their walks with Christ.

Last summer, we shared that ministry leadership had uncovered accounting irregularities in our financial

records. Our former CFO David Eldredge admitted some culpability in the matter to our Board. To more

accurately determine the nature of these irregularities, we hired an independent CPA to examine our

books. When we turned the CPA’s findings over to the New York State Police, the authorities launched a

formal investigation.


On February 5, 2018, Mr. Eldredge was arrested on the charge of Grand Larceny. The details of their

investigation allege that Mr. Eldredge embezzled more than $100,000 during his 12 year tenure at CBF.

While we are deeply saddened by this revelation, we are appreciative for the work of the authorities

and are fully cooperating with their efforts as this unfortunate situation continues to move toward



Since this all began to unfold, CBF leadership has been working with the guidance of our Board and

independent professionals to establish stricter standards for all of the organization’s financial matters.

We promise to remain vigilant and act with transparency moving ahead.

We sincerely appreciate your continued generosity and support for the work we do at Children’s Bible



Yours in faith,

Sean Stewart, CEO