Friends Of The Jones Library System Inc
- Assets
- $329.8k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Amherst, MA
- Founding
- 09/2001
- Data as of
- 06/2024
- EIN
- 04-3551837
Organization Overview
Friends Of The Jones Library System Inc is located in Amherst, MA. The organization was established in 2001. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2024, Friends Of The Jones Library System Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Jones Library System 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 06/2024, Friends Of The Jones Library System Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 73.9% each year . All expenses for the organization totaled $1.1m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT AND ADVOCACY FOR THE AMHERST PUBLIC LIBRARIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRIENDS LAUNCHED A CAPITAL CAMPAIGN IN 2019 TO SUPPLEMENT FUNDS FROM THE TOWN OF AMHERST AND THE MASSACHUSETTS BOARD OF LIBRARY COMMISSIONERS FOR AN EXPANDED AND RENOVATED JONES LIBRARY. THE FRIENDS ALSO CONDUCTS AN ANNUAL FUND CAMPAIGN AND OTHER FUNDRAISING EVENTS AND ACTIVITIES TO PROVIDE SUPPORT FOR THE LIBRARIES TO PURCHASE BOOKS, AUDIOBOOKS, MOVIES, MAGAZINES, NEWSPAPER AND RESEARCH DATABASES AND TO PROVIDE FREE OR REDUCED ADMISSION TO AREA MUSEUMS, PUBLIC COMPUTERS, CHILDREN'S READING ACTIVITIES, LECTURES, CLASSES, POETRY READINGS, FILMS, ESL TUTORING, AND MORE. AS OF JUNE 30, 2024, THE CAPITAL CAMPAIGN HAS REACHED A CUMULATIVE TOTAL OF GRANTS, GIFTS, AND GIFT INTENTIONS (NOT PLEDGES) OF OVER $9 MILLION, AND THE FRIENDS HAVE REMITTED $800,000 OF THIS TO THE TOWN. IN ADDITION, THE ANNUAL FUND RAISED CLOSE TO $110,000 IN THE YEAR ENDED JUNE 30, 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Erwin Director | Trustee | 2 | $0 |
Jennifer Fox Director | Trustee | 2 | $0 |
Carol Johnson Director | Trustee | 2 | $0 |
Kathy Lanza Director | Trustee | 2 | $0 |
Lewis Mainzer Director | Trustee | 2 | $0 |
Richard Morse Director | Trustee | 2 | $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 | $1,019,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,019,254 |
| Total Program Service Revenue | $0 |
| Investment income | $14,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,904 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,042,846 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $867,893 |
| 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 | $130,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,777 |
| Advertising and promotion | $220 |
| Office expenses | $54,144 |
| 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 | $20,060 |
| Total functional expenses | $1,134,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,604 |
| Savings and temporary cash investments | $203,749 |
| Pledges and grants receivable | $252 |
| 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 | $2,767 |
| Prepaid expenses and deferred charges | $3,462 |
| 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 | $329,834 |
| Accounts payable and accrued expenses | $16,395 |
| 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 | $16,395 |
| Net assets without donor restrictions | $55,416 |
| Net assets with donor restrictions | $258,023 |
| 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 | $329,834 |
Grants Awarded
Over the last fiscal year, Friends Of The Jones Library System Inc has awarded $867,893 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JONES LIBRARY INC PURPOSE: TO SUPPORT PROGRAMS AND PURCHASE OF MATERIALS AND TO SUPPORT THE LIBRARY BUDGET | $67,893 |
TOWN OF AMHERST PURPOSE: REMITTANCE TO TOWN OF AMHERST FOR LIBRARY. | $800,000 |