Better Business Bureau Report for
Louisville Metro Police Foundation

Better Business Bureau Report issued September 2013
Better Business Bureau Report expires September 2014


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


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Louisville Metro Police Foundation
Address: 982 Eastern Parkway
  Louisville, KY 40217
Phone: 502-409-9563
Web Address: www.saferlouisville.com
Back To Top

Better Business Bureau Comments

Year, State Incorporated: 2005, Kentucky
Affiliates: None
Stated Purpose: The Louisville Metro Police Foundation exists to enhance the effectiveness of the Louisville Metro Police Department by using private donations to assist officers and their families and provide much needed equipment and programs, thereby making Louisville a safer place to live, work and visit.

Back To Top

Evaluation Conclusions

              

Louisville Metro Police Foundation meets the 20 Standards for Charity Accountability.
Back To Top

Programs

              

The Police Foundation focuses its spending on three categories: • Programs - Programs include the Marriage Enrichment Program, Bring Peace Home Domestic Violence Campaign and the "Could You Do It?" Campaign. • Equipment and Training - The Foundation has purchased equipment ranging from dogs for the K-9 Unit to a bomb suit for the LMPD Bomb Squad. • Officers-in-Distress - The Foundation has supported officers and their families suffering from life threatening illness.

For the fiscal year ended December 31, 2012, Louisville Metro Police Foundation's program expenses were:

  
Program services 181,494
Total Program Expenses: $181,494
Back To Top

Governance

              

Chief Executive : Mr. Barry Denton, Executive Director
Compensation*: 
$60,000

Chair of the Board: Joe Kelley, Board President
Chair's Profession / Business Affiliation: Owner, Kelley Construction

Co-Chair of the Board : Dennis Heishman

Chair's Profession / Business Affiliation: Regional CEO, Old National Bank

Board Size: 35

Paid Staff Size: 3

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

              

Method(s) Used:

Methods of fund raising include direct mail, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet, cause-related marketing, and memberships.
Fund raising costs were 26% of related contributions. (Related contributions, which totaled $342,838, are donations received as a result of fund raising activities.)
Back To Top

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.
Back To Top

Financial

              

The following information is based on Louisville Metro Police Foundation's audited financial statements for the fiscal year ended December 31, 2012.

Ending net assets as reported below include $453,011 in unrestricted net assets and $82,320 in temporarily restricted net assets.


Source of Funds  
Contributions 148,365
Donated services 81,879
Revenue released from restrictions 73,120
Special event revenue of $228,424, net of direct expenses of $162,288 66,136
Donated equipment and supplies 44,998
Other income 2,979
Memberships 1,460
Interest income 1,123
Total Income $420,060


chart



Uses of Funds as a % of Total Expenses

Programs: 58%  Fund Raising: 28%  Administrative: 14% 

Total income $420,060
Program expenses $181,494
Fund raising expenses 89,085
Administrative expenses 42,801
Total expenses $313,380
Income in Excess of Expenses 106,680
Beginning net assets 380,601
Other Changes in Net Assets 48,050
Ending net assets 535,331
Total liabilities 0
Total assets $547,515

The BBB has determined that the organization's use of funds is reasonable even though the organization's program service expense ratio was under the 65% requirement in Standard 8. The BBB notes that the foundation's program service expense ratio increased significantly from the prior year. In addition, the agency has advised the BBB that the foundation is working to encourage increased use of foundation grants and is also planning new initiatives to increase the program expense ratio going forward.

Back To Top

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.

Send to:



What is an Accredited Charity