Heritage Regional Library Foundation Inc
- Assets
- $123.7k
- Revenue
- $6.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Charles City, VA
- Founding
- 01/2004
- Data as of
- 12/2021
- EIN
- 01-0800764
Organization Overview
Heritage Regional Library Foundation Inc is located in Charles City, VA. The organization was established in 2004. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Regional Library Foundation Inc 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 12/2021, Heritage Regional Library Foundation Inc generated $6.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $24.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD, EQUIP, AND MAINTAIN PUBLIC LIBRARIES FOR NEW KENT COUNTY, VIRGINIA AND CHARLES CITY COUNTY, VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS CAMPAIGNED TO HAVE LIBRARIES BUILT IN CHARLES CITY COUNTY, VIRGINIA AND NEW KENT COUNTY, VIRGINIA SINCE ITS INCEPTION. A LIBRARY WAS APPROVED TO BE BUILT BY REFERENDUM IN CHARLES CITY COUNTY DURING 2016. DURING 2017 THE NEW KENT LIBRARY WAS COMPLETED AND OPENED TO THE PUBLIC. THE FOUNDATION ASSISTED WITH THE PURCHASE OF FURNITURE AND EQUIPMENT AND WITH MARKETING. THE CHARLES CITY COUNTY LIBRARY WAS COMPLETED AND OPENED TO THE PUBLIC IN 2019. THE FOUNDATION EXPECTS TO CONTINUE TO ASSIST BOTH LIBRARIES THROUGH MARKETING, MAINTENANCE, AND IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Miles President | OfficerTrustee | $0 | |
Julia Boyd Secretary | OfficerTrustee | $0 | |
William O'keefe Vice Preside | OfficerTrustee | $0 | |
James A Tyler Jr Treasurer | OfficerTrustee | $0 | |
Robert Nelms Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,945 |
| Total Program Service Revenue | $0 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $23,302 |
| Total functional expenses | $24,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,060 |
| Savings and temporary cash investments | $21,600 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $123,660 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $123,660 |
| 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 | $123,660 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Heritage Regional Library Foundation Inc has recieved totaling $225,000.
| Awarding Organization | Amount |
|---|---|
Robert G Iii And Maude Morgan Cabell Foundation Richmond, VA PURPOSE: TO SUPPORT FINAL PHASE OF THE CAPITAL CAMPAIGN RESULTING IN A DUAL FACILITY FOR THE COUNTY PUBLIC LIBRARY AND CENTER FOR LOCAL HISTORY | $200,000 |
The Community Foundation Inc Richmond, VA PURPOSE: THE CAMPAIGN FOR A LIBRARY AND CENTER FOR LOCAL HISTORY FOR CHARLES CITY COUNTY | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Licensing & Ventures Group Charlottesville, VA | $21,114,215 | $9,580,641 |
Phoenix Academy Inc High Point, NC | $3,025,069 | $10,364,069 |
Elizabeth City State University Foundation Elizabeth City, NC | $21,052,714 | $2,780,872 |
Johns Hopkins University Retiree Medical Benefits Tr Baltimore, MD | $393,460,709 | $90,822,229 |
Duke Ellington School Of The Arts Project Washington, DC | $6,618,395 | $8,383,151 |
Laborers-Employers Cooperation And Education Trust Washington, DC | $20,406,637 | $8,972,632 |
Unc-G Excellence Foundation Greensboro, NC | $187,420,574 | $12,267,071 |
University Of Maryland Medical System Foundation Inc Baltimore, MD | $91,803,907 | $14,920,300 |
University Of North Carolina At Asheville Foundation Inc Asheville, NC | $61,754,429 | $7,423,002 |
Marshall-Wythe School Of Law Foundation Williamsburg, VA | $56,391,482 | $7,245,738 |
Horatio Alger Endowment Fund Alexandria, VA | $322,951,010 | $58,271,352 |
Old Dominion Athletic Foundation Norfolk, VA | $75,318,666 | $6,634,127 |