Port Washington Library Foundation Inc
- Assets
- $1.4m
- Revenue
- $183.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Port Washington, NY
- Founding
- 06/1991
- Data as of
- 06/2021
- EIN
- 11-3007598
Organization Overview
Port Washington Library Foundation Inc is located in Port Washington, NY. The organization was established in 1991. 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. Port Washington 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 06/2021, Port Washington Library Foundation Inc generated $183.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $282.3k during the year ending 06/2021. 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
IT IS THE MISSION OF THE ORGANIZATION TO RAISE FUNDS TO SUPPORT THE NEEDS OF THE PORT WASHINGTON PUBLIC LIBRARY NOT COVERED BY TAXES AND TO MAINTAIN ITS VIABILITY FOR FUTURE GENERATIONS. OUR VISION IS TO PROVIDE FULL AND SUSTAINABLE FUNDING TO MAKE POSSIBLE THE VISION OF THE LIBRARY FOR THE BENEFIT IF THE ENTIRE PORT WASHINGTON COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR CAREER COUNSELING, INTERGENERATIONAL PROGRAMS, BOOKS FOR DESSERT, PARENT-CHILD HOME PROGRAM, JOB SEARCH BOOT CAMP, AND ADVISORY COUNCILS. IN ADDITION FUNDING FOR COMPLETE REVITALIZATION OF THE CHILDREN'S ROOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Duran Secretary | OfficerTrustee | 1 | $0 |
Beth Ain President | OfficerTrustee | 2 | $0 |
Jacqueline A Holmes Treasurer | OfficerTrustee | 2 | $0 |
Claudia Caruso Rouhana Vice Preside | OfficerTrustee | 2 | $0 |
Edward Adler Director | Trustee | 2 | $0 |
Robert Epstein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,430 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,931 |
| Total Program Service Revenue | $0 |
| Investment income | $32,047 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,306 |
| Net Income from Fundraising Events | -$3,238 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,046 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $205,105 |
| 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 | $34,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,600 |
| Advertising and promotion | $0 |
| Office expenses | $2,193 |
| Information technology | $7,935 |
| 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 | $762 |
| All other expenses | $0 |
| Total functional expenses | $282,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,209 |
| Savings and temporary cash investments | $93,482 |
| Pledges and grants receivable | $5,000 |
| 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 | $1,174,228 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,407,919 |
| Accounts payable and accrued expenses | $1,440 |
| 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 | $32,147 |
| Total liabilities | $33,587 |
| Net assets without donor restrictions | $797,315 |
| Net assets with donor restrictions | $577,017 |
| 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 | $1,407,919 |
Grants Awarded
Over the last fiscal year, Port Washington Library Foundation Inc has awarded $400,389 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PORT WASHINGTON LIBRARY PURPOSE: CHILDREN'S ROOM | $355,000 |
PORT WASHINGTON LIBRARY PURPOSE: SUPPORT | $45,389 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Port Washington Library Foundation Inc has recieved totaling $16,813.
| Awarding Organization | Amount |
|---|---|
Peter And Jeri Dejana Family Foundation Port Washington, NY PURPOSE: SPONSOR 2020 ANNUAL (VIRTUAL) GALA, ON BEHALF OF MICHAEL DEJANA, AND COVID-19 ASSISTANCE FOR FAMILIES WITH NO WIFI. | $12,500 |
Liebowitz Founation Sands Point, NY PURPOSE: GENERAL USE | $2,000 |
Harry & Phyllis Manko Family Foundation Winchester, MA PURPOSE: UNRESTRICTED | $1,000 |
Jane & Martin Schwartz Family Fdn 12-11-88 Philadelphia, PA PURPOSE: GENERAL | $1,000 |
Bradley Zankel Foundation Inc Melville, NY PURPOSE: GENERAL OPERATING SUPPORT | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Endowment Analysis
| Beg. Balance | $709,843 |
| Earnings | $222,233 |
| Other Expense | -$24,500 |
| Ending Balance | $907,576 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hansjorg Wyss Institute For Biologically Inspired Engineering Boston, MA | $178,608,152 | $47,853,271 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University Of Connecticut Foundation Incorporated Storrs, CT | $744,628,423 | $150,826,250 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Trustees For Harvard University Cambridge, MA | $1,524,141,919 | $57,204,982 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Forrestal Agricultural Corporation Princeton, NJ | $368,119,233 | $43,096,782 |
Harvard Private Capital Realty Inc Boston, MA | $2,527,458,180 | $415,073,812 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Massachusetts Foundation Inc Boston, MA | $842,030,994 | $57,111,837 |
University Of Vermont And State Agricultural College Foundation Burlington, VT | $307,895,720 | $102,950,116 |