Detroit Public Library Friends Foundation Inc
- Assets
- $3.9m
- Revenue
- $172.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Detroit, MI
- Founding
- 09/1943
- Data as of
- 04/2023
- EIN
- 38-1387108
Organization Overview
Detroit Public Library Friends Foundation Inc, operating under the name Dpl Foundation, is located in Detroit, MI. The organization was established in 1943. As of 04/2023, Dpl Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dpl Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2023, Dpl Foundation generated $172.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $487.7k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Dpl Foundation has awarded 16 individual grants totaling $223,972. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE ALL FORMS OF LITERACY AND AN INTEREST IN BOOKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMING/EVENTS - INCLUDES YOUTH AND FAMILY LITERACY AND EDUCATIONAL ACTIVITIES, TECHNOLOGY DRIVEN EFFORTS AND UNIVERSAL ACCESS THROUGH STRATEGIC PARTNERSHIPS AND DEVELOPMENT.
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Costa President | OfficerTrustee | 2 | $0 |
Susan Gardynik Treasurer | OfficerTrustee | 2 | $0 |
John Krieman Director | Trustee | 2 | $0 |
Crystal Powell Director | Trustee | 2 | $0 |
Sean Ryan Everett Executive Director | OfficerTrustee | 40 | $94,845 |
Carol Huckleby Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,411 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,551 |
| Total Program Service Revenue | $0 |
| Investment income | $56,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,735 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $172,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,472 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,172 |
| Compensation of current officers, directors, key employees. | $20,835 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,253 |
| Payroll taxes | $25,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,852 |
| Advertising and promotion | $2,228 |
| Office expenses | $5,581 |
| Information technology | $21,455 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,749 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,901 |
| All other expenses | $34,688 |
| Total functional expenses | $487,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,948 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,809,734 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,328 |
| Total assets | $3,886,266 |
| Accounts payable and accrued expenses | $8,434 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,761 |
| Total liabilities | $15,195 |
| Net assets without donor restrictions | $2,598,975 |
| Net assets with donor restrictions | $1,272,096 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,886,266 |
Grants Awarded
Over the last fiscal year, Detroit Public Library Friends Foundation Inc has awarded $26,472 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DETROIT PUBLIC LIBRARY COMMISSION PURPOSE: PURCHASE RARE BOOKS; PROGRAM & BRANCH ASSISTANCE | $9,472 |
COLLEGE FOR CREATIVE STUDIES PURPOSE: MONTH OF DESIGN | $10,000 |
ARTS & SCRAPS PURPOSE: KITS FOR KIDS; ART MOBILE SCHOLARSHIPS | $7,000 |