Better Business Bureau Report for
Louisville Metro Police Foundation

Better Business Bureau Report issued December 2016
Better Business Bureau Report expires December 2018


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 June 30, 2016, Louisville Metro Police Foundation's program expenses were:

  
Program services 355,053
Total Program Expenses: $355,053
Back To Top

Governance

              

Chief Executive : Tracie Texas Shugart, Executive Director
Compensation*: 
$60,000

Chair of the Board: Jim Ellis
Chair's Profession / Business Affiliation: Attorney, Ellis Law Office

Board Size: 40

Paid Staff Size: 2

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

Fund Raising

              

Method(s) Used:

Direct mail, invitations to fund raising events, print advertisements, grant proposals, internet, planned giving arrangements, cause-related marketing, membership
Fund raising costs were 11% of related contributions. (Related contributions, which totaled $530,171, 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 June 30, 2016.

Ending net assets as reported below include $511,689 in unrestricted net assets and $176,064 in temporarily restricted net assets.


Source of Funds  
Contributions 332,076
Donated food and supplies 91,689
Donated services 80,209
Special events, net 26,197
Interest Income 15,118
Net Losses on Investments -18,293
Total Income $526,996


chart



Uses of Funds as a % of Total Expenses

Programs: 75%  Fund Raising: 12%  Administrative: 13% 

Total income $526,996
Program expenses $355,053
Fund raising expenses 56,556
Administrative expenses 58,994
Total expenses $470,603
Income in Excess of Expenses 56,393
Beginning net assets 631,360
Ending net assets 687,753
Total liabilities 5,369
Total assets $693,122


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