BBB Charity Review

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BBB Reliability Report for

Colorado Neurological Institute


Original Business Start Date: 08/09/1988


DOES NOT MEET ONE OR MORE STANDARDS.
This charity does not meet one or more of the 20 Standards for Charity Accountability.
BBB issues Charity Reports on all organizations, whether or not they are BBB accredited. If an organization is a BBB Accredited Charity, it is stated in this report.
Name: Colorado Neurological Institute
Phone: (303) 788-4010
Fax: (303) 788-5469
Address: 701 E Hampden Ave STE 415
Englewood, CO 80113-2759
Website: www.thecni.org
Report Creation Date: February 9, 2015
Report Expiration Date: February 9, 2017
Original Business Start Date: August 1988
Principal: Ms. Tamra Lack, Executive Director
Customer Contact: Genevieve Laca, Development Manager
Incorporated: January 1988, CO
Type of Business: Charity - Local, Charity - Health

Stated Purpose

The mission of the Colorado Neurological Institute is to enhance the delivery of personalized, comprehensive and state-of-the-art care to patients with neurological conditions through coordinated research, patient services and education.


Evaluation Conclusions

This organization has been evaluated according to the 20 BBB Standards for Charity Accountability. Donors must decide for themselves the relative importance of the Standards in question.

Colorado Neurological Institute does not meet the following 1 Standards for Charity Accountability.

16:Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

Colorado Neurological Institute does not meet this standard because its 2012 annual report does not include a roster of the officers and members of the board of directors and it does not identify total end-of-year net assets.

Colorado Neurological Institute meets the remaining 19 Standards for Charity Accountability.


Programs

CNI has three focus areas: research, patient services, and education. Programs related to each focus area are listed below:

1. Research: CNI promotes and coordinates research and clinical trials for a broad range of neurological conditions. CNI supports physician initiated studies each year. Currently, CNI is participating in over 50 research projects. A patient might not see a cure in his/her lifetime, but can find comfort in the fact their involvement in CNI's research studies will help find better treatment options and hopefully a cure for future generations.

2. Patient Services: CNI collaborates with physicians to offer integrated and enhanced services. Services include patient care coordination and navigation, social work services, support groups, outpatient neurological rehabilitation, patient assistance fund, the Underserved Patient Rehab Program, ALS and Huntington's disease clinics, and the Kids Cochlear Camp. CNI strives to be a resource center for patients and their caregivers, making it easy to obtain the information and services they need to make informed decisions about their health.

3. Education: CNI's education programs cover topics like hearing, epilepsy, movement disorders, stroke, new treatment options, Parkinson's disease, Huntington's disease, brain tumors, caregiver support, brain function, spasticity, multiple sclerosis, and other topics. These are covered through seminars, our large Neuro Conference, and community meetings.

Total Program Expenses:$2,515,475

Governance

Chief Executive Officer:Tamra Lack
Chair of the Board:LaRae Dodson
Chair's Profession / Business Affiliation:Vice President Real Estate & Fleet
Board Size:15
Paid Staff Size:16 Full Time. 5 Part Time.

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.


Financial

According to Colorado Neurological Institute's Audited Financial Statements for the year ended December 31, 2013:

Income
 Total Income:$2,845,402
 
Expenses  % of total
Expenses
% of total
Income
 Programs:$2,515,475 84.01%88.40%
 Fund Raising:$291,687 9.74%10.25%
 Administrative:$187,182 6.25%6.58%
 Other:$0 0.00%0.00%
 Total Expenses:$2,994,344
 
* Excess of Expenses over Income$148,942
Ending Net Assets:$2,026,207

* Excess for the year indicates the portion of income remaining after expenses.


Charity Licensing

All charitable organizations soliciting contributions in Colorado -- with a few specific exceptions listed in the Charitable Solicitations Act at 6-16-104(6)(a)-(c), C.R.S. -- must submit an initial registration statement with the Secretary of State and receive a registration number. After the initial registration, annual registration statements must be renewed each year by the 5th day of the fifth month after the close of the organization’s fiscal year. In addition, all solicitation campaigns utilizing paid solicitors as defined at 6-16-103(7), C.R.S. must be listed on separate Solicitation Notices, which should be filed online by the paid solicitor.

An organization may change its practices at any time without notice. Please understand that a BBB report is furnished solely to assist donors in making their own judgment. This report is not to be used for fund raising or promotional purposes. Copyright 2006, BBB.


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Industry Tips

Charitable Giving Tips

Whether charitable organizations use their employees, volunteers or professional fund- raisers to solicit donations by phone, mail, or in person, consider the following precautions to ensure that your donation dollars benefit the people and programs you want to help.

-Ask for written information, including the charity's name, address, and telephone number. A legitimate charity or fund- raiser will give you materials outlining the charity's mission, how your donation will be used, and proof that your contribution is tax deductible.

-Ask for identification. Many states require paid fund-raisers to identify themselves as such and to name the charity for which they're soliciting. If the solicitor refuses, hang up and report it to local law enforcement officials.

-Call the charity. Find out if the organization is aware of the solicitation and has authorized the use of its name. If not, you may be dealing with a fraudulent solicitor.

-Watch out for similar sounding names. Some phony charities use names that closely resemble those of respected, legitimate organizations.

-Know the difference between "tax exempt" and "tax deductible." Tax exempt means the organization doesn't have to pay taxes. Tax deductible means you can deduct your contribution on your federal income tax return. Even though an organization is tax exempt, your contribution may not be tax deductible. If deductibility is important to you, ask for a receipt showing the amount of your contribution and stating that it is tax deductible.

-Know that a 501(c)(3) organization must make a copy of its annual returns, (Form 990 or Form 990EZ) for the last three years and its exempt status application and supporting documents available for you to view during business hours.

-Be skeptical if someone thanks you for a pledge you don't remember making. If you have any doubt whether you've made a pledge or previously contributed, check your records. Be on the alert for invoices claiming you've made a pledge when you know you haven't. Some unscrupulous solicitors use this approach to get your money.

-Ask how your donation will be distributed. How much will go to the program you want to support, and how much will cover the charity's administrative costs? If a professional fund-raiser is used, ask how much it will keep.

-Refuse high pressure appeals. Legitimate fund-raisers won't push you to give on the spot.

-Be wary of charities offering to send a courier to collect your donation immediately.

-Consider the costs. When buying merchandise or tickets for special events, or when receiving free goods in exchange for giving, remember that these items cost money and generally are paid for out of your contribution. Although this can be an effective fund-raising tool, less money may be available for the charity.

-Be wary of guaranteed sweepstakes winnings in exchange for a contribution. You never have to donate anything to be eligible to win.

-Avoid cash gifts that can be lost or stolen. For security and tax record purposes, it's best to pay by check. Use the official full name of the charity - not initials - on your check. Avoid solicitors who want to send a courier or use an overnight delivery service to pick up your donation.

More information:
Philanthropic Advisory Service/ BBB Wise Giving Alliance Council of BBBs
4200 Wilson Boulevard, Suite 800
Arlington, VA 22203-1838
(703) 276-0100
http://www.bbb.org

American Institute of Philanthropy
4905 Del Ray Avenue, Suite 300
(301) 913-5200


(Source of info: http://www.ftc.gov/ftc/consumer.htm)


ID: 9030742
Report as of July 2, 2015 17:06
Copyright© 2015 Better Business Bureau


An organization may change its practices at any time without notice. Donors must decide for themselves the significance of any variation from BBB Standards, taking into account the relative importance of the practice in question in the context of the organization's total performance.

This report reflects the results of an evaluation of informational materials provided voluntarily by the organization. The report is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgement.

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