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Arts, Culture, Humanities : Libraries, Historical Societies and Landmark Preservation (Grantmaking)

Friends of the Hennepin County Library

Building awareness, appreciation, and support for the Library

impact data icon

Impact Information is available from our partner, GuideStar

four stars

92.21

300 Nicollet Mall Minneapolis, MN 55401
tel: (612) 543-8100   Web Site
EIN: 36-3579536

Board Leadership
Kai Sakstrup
President

CEO
Kristi Pearson
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 92.21 four stars
  Financial 89.75 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 10/01/2019 and includes data from FY2018, the most recent 990 received at that time.

As Hennepin County Library's fundraising partner, Friends of the Hennepin County Library (HCL) is an active community of 8,000 supporters whose mission is to build awareness, appreciation and support for our world-class library. Friends of HCL raises resources for vital programs such as Teen Tech Squad and Homework Help, as well as initiatives like engaging readers of all ages and expanding early learning environments. Together, Hennepin County Library and Friends of HCL envision a library system that ensures every person has the opportunity and resources to read, engage, graduate, work, and learn. Friends of the Hennepin County Library offers our thriving community the opportunity to engage with great stories and storytellers through Pen Pals - the highly-regarded and longest-running author lecture series in the Twin Cities – and Talk of the Stacks - a free thought-provoking series exploring contemporary literature and culture.

As Hennepin County Library's fundraising partner, Friends of the Hennepin County Library (HCL) is an active community of 8,000 supporters whose mission is to build awareness, appreciation and support for our world-class library. Friends of HCL raises resources for vital programs such as Teen Tech Squad and Homework Help, as well as initiatives like engaging readers of all ages and expanding early learning environments. Together, Hennepin County Library and Friends of HCL envision a library system that ensures every person has the opportunity and resources to read, engage, graduate, work, and learn. Friends of the Hennepin County Library offers our thriving community the opportunity to engage with great stories and storytellers through Pen Pals - the highly-regarded and longest-running author lecture series in the Twin Cities – and Talk of the Stacks - a free thought-provoking series exploring contemporary literature and culture.

Impact Information

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This impact information is current as of September 2019, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

89.75

Accountability & Transparency

four stars

96.00

This rating was published 10/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
75.4%
  Administrative Expenses 5.4%
  Fundraising Expenses 19.1%
  Fundraising Efficiency $0.18
  Working Capital Ratio (years) 1.29
  Program Expenses Growth 14.4%
  Liabilities to Assets 5.8%
All data for Financial Performance Metrics calculations was provided by Friends of the Hennepin County Library on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Friends of the Hennepin County Library on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Friends of the Hennepin County Library (MN) 92.21 four stars
The Library Foundation (OR) 93.53 four stars
The Free Library of Philadelphia (PA) 86.21 three stars
The Seattle Public Library Foundation (WA) 96.11 four stars
Library Foundation of Los Angeles (CA) 90.15 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,340,912
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $46,366
Total Contributions $2,387,278
   Program Service Revenue $261,924
Total Primary Revenue $2,649,202
   Other Revenue $132,467
TOTAL REVENUE $2,781,669
   
EXPENSES  
   Program Expenses $1,831,937
   Administrative Expenses $119,095
   Fundraising Expenses $539,560
TOTAL FUNCTIONAL EXPENSES $2,490,592
   
Payments to Affiliates $0
Excess (or Deficit) for the year $291,077
   
Net Assets $3,480,400

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Library Support $1,224,412 66.8%
Community and Donor Engagement $343,793 18.8%
Pen Pals Author Series $263,732 14.4%

Ratings History
Friends of the Hennepin County Library has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 10/01/2019 92.21 four stars
2017-12 12/01/2018 91.99 four stars
2016-12 02/01/2018 86.84 three stars
2015-12 11/01/2017 83.95 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 36-3579536
Name in IRS Master File FRIENDS OF THE HENNEPIN COUNTY LIBRARY
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (927) Fundraising
(602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date August, 1989
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$136,249 5.47% Kristi Pearson Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Friends of the Hennepin County Library (MN) 92.21 four stars
Friends of the San Francisco Public Library (CA) 86.61 three stars
Westerly Public Library and Wilcox Park (RI) 86.29 three stars
Chicago Public Library Foundation (IL) 93.56 four stars
The Seattle Public Library Foundation (WA) 96.11 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Friends of the Hennepin County Library
300 Nicollet Mall
Minneapolis, MN 55401
tel: (612) 543-8100
EIN: 36-3579536

Visit Web Site

Board Leadership

Kai Sakstrup
President

CEO

Kristi Pearson
Executive Director

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