BBB Charity Review

Start Business Review
BBB Reliability Report for

The Limb Preservation Foundation


Original Business Start Date: 11/08/2000


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: The Limb Preservation Foundation
Phone: (303) 429-0688
Fax: (303) 487-3667
Address: 1601 E 19th Ave STE 3200
Denver, CO 80218-1239
Website: www.limbpreservation.org
Report Creation Date: February 19, 2014
Report Expiration Date: February 19, 2016
Original Business Start Date: November 2000
Principal: Shelbi Perry, Executive Director
Customer Contact: Shelbi Perry, Executive Director -
Email Address:
Incorporated: CO
Type of Business: Charity - Local, Charity - Health

Stated Purpose

The mission of The Limb Preservation Foundation is to support the prevention and treatment of limb threatening conditions.

The goal of The Foundation is to enhance the quality of life for those facing limb-threatening diseases due to trauma, tumor or infection through research, treatment and educational programs.


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.

The Limb Preservation Foundation does not meet the following 5 Standards for Charity Accountability.

11:Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles.

The Limb Preservation Foundation did not provide, in response to the Bureau's request, audited financial statements for the past fiscal year.

14:Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

The Limb Preservation Foundation did not provide, in response to the Bureau's request, a budget for the current fiscal year.

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.

The Limb Preservation Foundation does not meet this standard because it did not provide an annual report.

17:Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

The Limb Preservation Foundation does not meet this standard because its website does not include all of the recommended information. Specifically, it did not include a link to the organization's most recent IRS Form 990.

18:Address privacy concerns of donors by: (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

The Limb Preservation Foundation does not meet provision (b) of this standard because the organizations website does not provide access to a privacy policy that includes the recommended privacy information.

The Limb Preservation Foundation meets the remaining 15 Standards for Charity Accountability.


Programs

Limb Preservation Foundation works in the area of the prevention of unnecessary amputation. The Foundation funds hope, help and possibilities to harness the power of research, patient access and support, and education to identify new pathways to ensure that anyone at-risk of limb loss has the opportunity to live their best life possible.

Current Programs
-The Patient Assistance Program provides direct financial reimbursement for uninsured and underinsured patients through five key areas to help defray the cost of limb-saving medical treatments and other associated costs when a patient seeks medical care.

-Limb Cancer Research to find a cure for bone cancer and other extremity diseases. The Foundation indicates that through The Foundation's support, this research has led to the development of bone cancer treatments that have dramatically increased the survival rates of pediatric bone cancer patients from 60 percent in 1986 to more than 92 percent today.

-Education to inform the greater medical community about the management and treatment of conditions that place people at risk of losing an arm or a leg.

Total Program Expenses:$460,486

Governance

Chief Executive Officer:Shelbi Perry
Chair of the Board:Ross Wilkins, M.D.
Chair's Profession / Business Affiliation:Denver Clinic for Extremities at Risk
Board Size:13
Paid Staff Size:2 Full 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 The Limb Preservation Foundation's IRS Form 990 for the year ended December 31, 2012:

Income
 Total Income:$960,451
 
Expenses  % of total
Expenses
% of total
Income
 Programs:$460,486 85.67%47.94%
 Fund Raising:$46,457 8.64%4.84%
 Administrative:$30,549 5.68%3.18%
 Other:$0 0.00%0.00%
 Total Expenses:$537,492
 
Excess of Income over Expenses$422,959
Ending Net Assets:$764,544

* 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.


Back to top

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: 90020474
Report as of April 19, 2015 03:28
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.


As a matter of policy, BBB does not endorse any product, service or business.

BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.

X

What is a BBB Business Review?

We offer free reviews on businesses that include background, licensing, consumer experience and other information such as governmental actions that is known to BBB. These reviews are provided for businesses that are BBB accredited and also for businesses that are not BBB accredited.

X

BBB Reporting Policy

As a matter of policy, BBB does not endorse any product, service or business.

BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.