Form 990 for tax year 2024
Filed by DETROIT PUBLIC LIBRARY FRIENDS FOUNDATION INC.
Totals
- Total revenue
- $319,478
- Total expenses
- $567,999
- Contributions and grants received
- $60,047
- Grants paid
- $35,749
- Program service revenue
- $0
- Investment income
- $255,565
- Other revenue
- $3,866
- Total assets, end of year
- $3,598,990
- Total liabilities, end of year
- $25,386
- Net assets or fund balances, end of year
- $3,573,604
- Program services expenses (Part IX)
- $473,403
- Management and general expenses
- $32,685
- Fundraising expenses
- $61,911
- Program service expenses (Part III)
- $473,403
Program services were 83.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$60,047
-
3 · Investment income
total $82,483 · excluded $82,483
-
7a · Gross sales of assets other than inventory
securities $1,650,548
-
7b · Less cost or other basis and sales expenses
securities $1,477,466
-
7c · Gain or loss
securities $173,082
-
7d · Net gain or loss
total $173,082 · excluded $173,082
-
11a · Other revenue: MISC. REVENUE
total $3,866 · excluded $3,866
-
11e · Other revenue, total
$3,866
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $35,749 · program services $35,749
-
5 · Compensation of officers, directors and key employees
total $118,876 · program services $89,157 · management and general $11,887 · fundraising $17,832
-
7 · Other salaries and wages
total $210,343 · program services $176,542 · management and general $10,034 · fundraising $23,767
-
9 · Other employee benefits
total $20,418 · program services $16,948 · management and general $1,085 · fundraising $2,385
-
10 · Payroll taxes
total $24,702 · program services $19,968 · management and general $1,626 · fundraising $3,108
-
11g · Fees: other
total $32,336 · program services $26,140 · management and general $2,128 · fundraising $4,068
-
12 · Advertising and promotion
total $1,687 · program services $976 · management and general $79 · fundraising $632
-
13 · Office expenses
total $13,120 · program services $10,606 · management and general $863 · fundraising $1,651
-
14 · Information technology
total $27,808 · program services $22,480 · management and general $1,830 · fundraising $3,498
-
16 · Occupancy
total $3,037 · program services $2,455 · management and general $200 · fundraising $382
-
19 · Conferences, conventions and meetings
total $29,170 · program services $22,746 · management and general $2,570 · fundraising $3,854
-
22 · Depreciation, depletion and amortization
total $303 · program services $245 · management and general $20 · fundraising $38
-
23 · Insurance
total $5,530 · program services $4,471 · management and general $363 · fundraising $696
-
24a · Other expenses: PROG. ACTIVITIES & MATL
total $44,920 · program services $44,920
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $69,386 · end of year $172,480
-
9 · Prepaid expenses and deferred charges
end of year $8,646
-
10a · Land, buildings and equipment: cost or other basis
$5,981
-
10b · Land, buildings and equipment: accumulated depreciation
$3,252
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $2,729
-
11 · Investments: publicly traded securities
beginning of year $3,690,819 · end of year $3,374,511
-
15 · Other assets
beginning of year $23,615 · end of year $40,624
-
17 · Accounts payable and accrued expenses
beginning of year $11,684 · end of year $3,746
-
25 · Other liabilities
beginning of year $5,048 · end of year $21,640
-
27 · Net assets without donor restrictions
beginning of year $2,379,471 · end of year $2,098,664
-
28 · Net assets with donor restrictions
beginning of year $1,387,617 · end of year $1,474,940
Mission and programs · 2024
Mission
TO PROMOTE AND ENHANCE THE CITY OF DETROIT'S CULTURAL GROWTH, ALL FORMS OF LITERACY, AN INTEREST IN BOOKS, AND OTHER FORMS OF HUMAN RECORD AND TO ESTABLISH COOPERATIVE RELATIONSHIPS AND PROGRAMS WITH THE DETROIT PUBLIC LIBRARY AND OTHER CULTURAL INSTITUTIONS AND GROUPS IN SUPPORT OF SUCH CHARITABLE, LITERARY, AND EDUCATIONAL PURPOSES.
Activities or mission (Part I)
TO ENHANCE ALL FORMS OF LITERACY AND AN INTEREST IN BOOKS.
-
PROGRAMMING/EVENTS - INCLUDES YOUTH AND FAMILY LITERACY AND EDUCATIONAL ACTIVITIES, TECHNOLOGY DRIVEN EFFORTS AND UNIVERSAL ACCESS THROUGH STRATEGIC PARTNERSHIPS AND DEVELOPMENT.
Expenses $41,259 · Grants $336
-
LITERACY INITIATIVES - LITERACY IS THE KEY TO UNDERSTANDING THE WORLD AROUND US AND WHILE THE LANDSCAPE MAY CHANGE AS TIME MOVES ON, KNOWLEDGE WILL ALWAYS BE A FORMIDABLE OPPONENT AGAINST POVERTY AND DIVISION. THE ORGANIZATION WILL CONTINUE TO SEEK OUT, SUPPORT AND PROVIDE RESOURCES THAT SUPPORT THE COMMUNITIES WE SERVE IN OVERCOMING THE OBSTACLES THAT STAND IN THE WAY OF THEIR GREATNESS.
Expenses $194,551 · Grants $26,697
-
COMMUNITY ENGAGEMENT/ LIBRARY SUPPORT AND ADVOCACY - INCLUDES TRADITIONAL LIBRARY INITIATIVES:EARLY LITERACY (K-3); BASIC LITERACY; DIGITAL/TECHNOLOGICAL LITERACY; PRIORITIZES PROGRAMS WITH AN EMPHASIS ON LITERACY AND MENTORSHIP FOR YOUNG CHILDREN OF COLOR; ENCOURAGES AND SUPPORTS COLLABORATIVE PARTNERSHIPS TO DELIVER NEW, INNOVATIVE AND EQUITY DRIVEN PROGRAMMING OPPORTUNITIES FOR THE DETROIT COMMUNITY.
Expenses $205,866 · Grants $2,263
-
SPECIAL COLLECTIONS AND PRESERVATION SUPPORT OF INITIATIVES THAT UTILIZE THE BURTON HISTORICAL COLLECTION TO SERVE AS RESOURCES FOR THE INTERACTION OF COMMUNITY MEMBERS, SOCIAL/CIVIL EQUITY PROJECTS AND PARTNERSHIPS THAT ENHANCE THE DETROIT COMMUNITY.
Expenses $31,727 · Grants $6,453
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David CostaDAVID COSTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan GardynikSUSAN GARDYNIK
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
John KriemanJOHN KRIEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Crystal PowellCRYSTAL POWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sean Ryan EverettSEAN RYAN EVERETT
EXEC DIRECTOR/BOARD PRESIDENT
- Total calculated
- $113,340
- From this org
- $105,768
- From related orgs
- $0
- Other
- $7,572
- Hours/week
- 40
-
Carol HucklebyCAROL HUCKLEBY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Karen SpicaKAREN SPICA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeanne WardfordJEANNE WARDFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sharri WatkinsSHARRI WATKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
DETROIT PUBLIC LIBRARY COMMISSION
$25,749
PURCHASE BOOKS, PROGRAM & BRANCH ASSISTANCE
-
$10,000
IN SUPPORT OF ITS "BUY THE BOOK" PROGRAM AND THE LEGACY VINYL PROJECT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 9 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202640409349301909
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