Better Business Bureau Report for
Friends of the Spring Branch-Memorial Library

Better Business Bureau Report issued November 2014
Better Business Bureau Report expires November 2015


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Friends of the Spring Branch-Memorial Library
Address: 930 Corbindale
  Houston, TX 77024
Phone: 713-464-1633
Web Address: http://www.friendsofsbml.com/more.html
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Better Business Bureau Comments

Year, State Incorporated: 1964, Texas
Affiliates: None
Stated Purpose: The Friends of the Spring Branch-Memorial Library shall be a non-policy-making, non-profit organization, committed to promoting the welfare of the Spring Branch-Memorial Library by raising funds, by communicating the activities and benefits of the library to the local residents and by supporting the library as a cultural and educational asset to the community.

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Evaluation Conclusions

              

Friends of the Spring Branch-Memorial Library meets the 20 Standards for Charity Accountability.
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Programs

              

The Friends of the Spring Branch-Memorial Library raises funds to support all of the library's programs. We support the summer programs visited by 3,000+ children. We purchase or provide adult and children's books, CD's and Ebooks as well as furniture, computers, and garden maintenance and supplies. We fund contract staffing. We often fund cosmetic upgrades including re-painting and re-carpeting the library.

For the fiscal year ended May 31, 2014, Friends of the Spring Branch-Memorial Library's program expenses were:

  
Adult books and CDs 23,544
Special projects, garden, intern, professional development, newsletter 15,823
Children's books, CDs, programs, crafts 8,796
Total Program Expenses: $48,163
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Governance

              

Chief Executive :
Compensation*: 

Chair of the Board: Fran Serena, President
Chair's Profession / Business Affiliation: Retired

Board Size: 16

Paid Staff Size: 0

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, internet
Fund raising costs were 6% of related contributions. (Related contributions, which totaled $42,542, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Friends of the Spring Branch-Memorial Library's IRS Form 990-EZ for the fiscal year ended May 31, 2014.

Source of Funds  
Contributions, gifts, grants 36,019
Fundraising Event 6,523
Investment Income 89
Total Income $42,631


chart



Uses of Funds as a % of Total Expenses

Programs: 92%  Fund Raising: 5%  Administrative: 3% 

Total income $42,631
Program expenses $48,163
Fund raising expenses 2,613
Administrative expenses 1,644
Total expenses $52,420
Expenses in Excess of Income (9,789)
Beginning net assets 50,118
Other Changes in Net Assets (22)
Ending net assets 40,307
Total liabilities
Total assets $40,307


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Complaints

              

The BBB has processed no complaints about this organization in the past 36 months, our standard reporting period.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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