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BBB Reliability Report for

Denver Public Library Friends Foundation


Original Business Start Date: 03/10/1961


This BBB Accredited Charity meets all 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: Denver Public Library Friends Foundation
Phone: (720) 865-1111
Fax: (720) 865-2082
Address: 10 W 14th Avenue Pkwy
Denver, CO 80204-2749
Website: www.dplfriends.org
Report Creation Date: January 13, 2011
Report Expiration Date: August 13, 2015
Original Business Start Date: March 1961
Principal: Mr. Virgil Scott, Executive Director
Customer Contact: Mr. Virgil Scott, Executive Director
Email Address:
Incorporated: March 1961, CO
Type of Business: Charity - Local, Charity - Education & Literacy

Stated Purpose

The mission of the Denver Public Library Friends Foundation is to assist and support the Denver Public Library in the accomplishments of its goals and objectives, and to enhance the services of the Library that are funded by the City's budget through advocacy, activities and programs, fund raising, and the management of private monies raised by or donated to the Library or to the Friends Foundation.


Evaluation Conclusions

This organization has been evaluated according to the 20 BBB Standards for Charity Accountability. This organization meets all those Standards and is a BBB Accredited Charity.


Programs

Philanthropic support made to the Denver Public Library Friends Foundation allows the Denver Public Library to continue critical resources, that allow adults to learn useful job skills, children of every age become readers, people of all ages learn valuable computer skills, supportive after-school programs to help children and youth focus on learning, and other valuable services that ensure a thriving community.

Total Program Expenses:$1,006,892

Governance

Chief Executive Officer:Virgil Scott
Chair of the Board:Mike W. King
Chair's Profession / Business Affiliation:Brownstein Hyatt Farber Schreck, LLP
Board Size:16
Paid Staff Size:3 Full Time. 3 Part Time.

Fund Raising

Method(s) Used:Direct mail, fund raising events and Internet appeals.


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 Denver Public Library Friends Foundation's Audited Financial Statement for the year ended December 31, 2009:

Income
 Total Income:$1,902,472
 
Expenses  % of total
Expenses
% of total
Income
 Programs:$1,006,892 76.34%52.93%
 Fund Raising:$179,606 13.62%9.44%
 Administrative:$132,452 10.04%6.96%
 Other:$0 0.00%0.00%
 Total Expenses:$1,318,950
 
Excess of Income over Expenses$583,522
Ending Net Assets:$5,183,645

* 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 organization‪s 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.


Additional Contact Information

Additional Phone Numbers
Tel: (720) 865-2052


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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: 3003562
Report as of May 23, 2015 04:48
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.


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