Friends of the Pikes Peak Library District

EIN: 237006973 501(c)(3)

Colorado Springs, CO

Total Revenue
$259,622
Total Expenses
$235,573
Total Assets
$330,887
Net Assets
$328,747
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
CO
Principal Officer
Rita Jordan
Phone
7195316333
Tax Period
2024-01-01 to 2024-12-31

Friends of the Pikes Peak Library District, founded in 1962, is a small nonprofit that reported $260K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $236K left a modest 9% surplus.

Mission

The Friends of the Pikes Peak Library District supports the Pikes Peak Library District in providing programs and spaces that cultivate belonging, personal growth and strong communities. We achieve this by: - Growing and retaining a thriving, diverse membership. - Recruiting and leading strong, dedicated volunteers. - Providing affordable books for library patrons through our bookstores and book sales. - Raising money through book sales, programs, membership and donations.

Program Service Accomplishments

Program 1
Expenses: $124,402

Cash Grants and assistance to the Pikes Peak Library District and various branches. This is the primary purpose of the Friends.We contributed $103,562 to PPLD in 2024. Our contributions helped to...

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Cash Grants and assistance to the Pikes Peak Library District and various branches. This is the primary purpose of the Friends.We contributed $103,562 to PPLD in 2024. Our contributions helped to support the following programs sponsored by PPLD: - All Pikes Peak Reads - Mountain of Authors - Winter Adult Reading Program - Book Browse - PPLD Summer Adventure Lunch - Regional History Symposium - PPLD Annual Staff Development Day - Staff Recognition and Support for District & Branch Libraries In Addition, the contributions helped support specific Branch Library needs, staff support and appreciation.

Program 2
Expenses: $74,284

Personal, supplies and other costs related to the operations of the Friends bookstores and sales. - The Friends has 1,216 MembersBook Sales continued at 21c, East, Penrose and all branch loctions. We...

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Personal, supplies and other costs related to the operations of the Friends bookstores and sales. - The Friends has 1,216 MembersBook Sales continued at 21c, East, Penrose and all branch loctions. We continued to sell books online via ebay, Amazon and other online storefronts. The Big Book Sales were held at East on March 8 - 10, 2024 and October 11 - 13, 2024.

Program 3
Expenses: $10,903

2023 Activities - the annual meeting was held in person on January 27, 2024. Rita Jordan, President, presented the year in review including financials, Presented the 2024 Volunteer of the Year Award...

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2023 Activities - the annual meeting was held in person on January 27, 2024. Rita Jordan, President, presented the year in review including financials, Presented the 2024 Volunteer of the Year Award to Jan Dutton. Barbara Nickless, 2023 winner of the Golden Quill Award, was the keynote speaker. - Literary Awards was held on June 1, 2024. Authors, Mark Lee Gardner was the Frank Waters Award receipient and Donna Guthrie was the Golden Quill Recipient. There were 150 guesta at the event. - Sip N' Shop - was held on December 8, 2024. This event to recognize and honor library staff and Friends volunteers, 70 people attended the event.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $223,868
Program Service Revenue $10,903
Investment Income $2,219
Other Revenue $22,632
TOTAL REVENUE $259,622

Expense Breakdown

Grants Paid $124,402
Salaries & Benefits $53,711
Fundraising Expenses $0
Program Expenses $209,589
Other Expenses $57,460
TOTAL EXPENSES $235,573

Year-over-Year Comparison

2024 2023 Change
Revenue $259,622 $219,613 +0.2%
Expenses $235,573 $216,673 +0.1%
Net Income $24,049 $2,940 +7.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
1
Volunteers
168

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Gilbert Treasurer 10.00
Officer Director
$0 $0 $0
Rita Jordan President 10.00
Officer Director
$0 $0 $0
Sandra Damm Director 2.00
Director
$0 $0 $0
Beverly Diehl Director 10.00
Director
$0 $0 $0
Birdie Miller Vice President 10.00
Officer Director
$0 $0 $0
Wendy Stotts Director 10.00
Director
$0 $0 $0
AnnEliz Harford Director 10.00
Director
$0 $0 $0
Meghan Shaver Director 2.00
Director
$0 $0 $0
Carey Whitfield Director 2.00
Director
$0 $0 $0
Terry Zarsky Director 5.00
Director
$0 $0 $0
Beth Austin Director 10.00
Director
$0 $0 $0
Erika Graham Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $259,622 $235,573 $330,887 $24,049
2023 $219,613 $216,673 $317,602 $2,940
2022 $213,929 $207,152 $307,225 $6,777
2021 $167,964 $147,137 $296,027 $20,827
2020 $112,723 $107,065 $276,576 $5,658
2019 $159,698 $149,216 $276,350 $10,482
2018 $150,185 $153,254 $259,918 $-3,069
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