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Nonprofiteer
← DETROIT PUBLIC LIBRARY FRIENDS FOUNDATION INC

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 Costa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Susan Gardynik

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • John Krieman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Crystal Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Sean 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 Huckleby

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Karen Spica

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jeanne Wardford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Sharri 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

  • 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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