Give.org logo
Support Give.org
Support Give.org
CHARITY REVIEW
Issued: March 2025 Expires: March 2026

Friends Of The Loveland Public Library Foundation, Inc

Accredited Charity
Accredited Charity

Meets Standards
Accreditation seal
(970) 962-2712
300 Adams Ave
Loveland, CO, 80537-5754
https://friendsofthelovelandlibrary.org/about
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Friends Of The Loveland Public Library Foundation, Inc meets the 20 Standards for Charity Accountability.

Stated Purpose:
The Friends of the Loveland Public Library Foundation, Inc. supports the Loveland Public Library's work as the information center of the community by advocating for the public support and use of the library, by generating current and long-term funding, and by developing volunteer involvement.

Year, State Incorporated:
1988, CO

The purpose of this organization shall be:
1. To encourage understanding and appreciation of the work and the role of the Loveland Public Library in the community;
2. To encourage literacy in the community;
3. To attract bequests and gifts of books, manuscripts, money, materials, or equipment, which are beyond the resources of the Library, and to develop a program of planned giving to the Library;
4. To serve as a medium through which citizens of the community may become acquainted with each other, and share their enthusiasm for books and other library materials;
5. To encourage volunteer support for the Library’s purposes and activities;
6. To support the freedom to read as expressed in the Bill of Rights of the American Library Association;
7. To facilitate technological changes in the Library’s dissemination of information;
8. To facilitate the education of the public regarding local culture, history, environment, and lifestyle;
9. To support appreciation for and development of the Library staff.

For the year ended December 31, 2023, Friends Of The Loveland Public Library Foundation, Inc's program expenses were:

Programs $55,637
Total Program Expenses $55,637

Chair of the Board
Laura Stump, Community Volunteer

Chair's Profession / Business Affiliation

Board Size
10

Paid Staff Size
1

Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Grant proposals, Internet, Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 1.07%

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.

The following information is based on Friends Of The Loveland Public Library Foundation, Inc's audited financial statements for the year ended December 31, 2023.

Source of Funds
Contributions and Grants $131,129
Other Revenue $94,153
Investment Income $16,665
Memberships $7,823
Total Income $249,770

Programs: 79% Fundraising: 2% Administrative: 19%

Total Income $249,770
Total expenses: $70,121
  Program expenses $55,637
  Fundraising expenses $1,487
  Administrative expenses $12,997
  Other expenses $0
Income in Excess of Expenses $179,649
Beginning Net Assets $424,316
Other Changes In Net Assets $38,112
Ending Net Assets $642,077
Total Liabilities $5,607
Total Assets $647,684

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 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 International Association of Better Business Bureaus.

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

RELATED CONTENT

Report completed by:
BBB Serving Northern Colorado and Wyoming