Library Of American Broadcasting Foundation Inc

Organization Overview

Library Of American Broadcasting Foundation Inc is located in Severna Park, MD. The organization was established in 1968. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Library Of American Broadcasting 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, Library Of American Broadcasting Foundation Inc generated $171.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $174.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE MISSION STATEMENT ON SCHEDULE O.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EFFECTIVE 1/14/2015, LABF NEGOTIATED A NEW AGREEMENT WITH THE UNIVERSITY OF MARYLAND, WHICH HOUSES THE LIBRARY OF AMERICAN BROADCASTING. DISTRIBUTED "AIRWAVES" NEWSLETTER TO INFORM THE PUBLIC ABOUT THE LIBRARY AND THE HISTORY OF BROADCASTING.


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Board, Officers & Key Employees

Name (title)Compensation
Heather Birks
Secretary
$0
Harry Jessell
Director
$0
Virginia Hubbard Morris
Director
$0
Gary R Chapman
Director
$0
Mary Collins
Treasurer
$0
David E Kennedy
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$129,700
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$69,900
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$199,600
Total Program Service Revenue$0
Investment income $11,377
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$27
Net Income from Fundraising Events -$39,043
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $171,907

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Library Of American Broadcasting Foundation Inc has recieved totaling $1,275.

Awarding OrganizationAmount
Newcity Foundation

Wilmington, DE

PURPOSE: CHARITABLE EVENT

$1,275
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$401,118
Earnings$29
Ending Balance$401,147

Peer Organizations

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