International Friends Of London Library Inc
- Assets
- $259.4k
- Revenue
- $225.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1976
- Data as of
- 12/2021
- EIN
- 13-3011092
Organization Overview
International Friends Of London Library Inc is located in New York, NY. The organization was established in 1976. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Friends Of London Library 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, International Friends Of London Library Inc generated $225.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.6%) each year. All expenses for the organization totaled $70.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (26.2%) per year over the past 7 years. 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 AID, SUPPORT AND ASSIST BY GIFTS, CONTRIBUTIONS OR OTHERWISE, OTHER CORPORATIONS, COMMUNITY CHESTS, FUNDS OR FOUNDATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, LITERARY OR EDUCATIONAL PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED THE ACTIVITIES OF THE LONDON LIBRARY THROUGH GIFTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Spurdle Jr Chairman | OfficerTrustee | 2 | $0 |
Mark Storey Co-Treasurer | OfficerTrustee | 1 | $0 |
Thomas W Keesee III Co-Treasurer | OfficerTrustee | 1 | $0 |
Mayme Hackett Director | Trustee | 1 | $0 |
Judith Firth Sanger Director | Trustee | 1 | $0 |
Sven Becker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $155,170 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,720 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $225,720 |
| 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 | $15,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,402 |
| Advertising and promotion | $0 |
| Office expenses | $1,149 |
| Information technology | $6,444 |
| Royalties | $0 |
| Occupancy | $15,000 |
| Travel | $1,255 |
| 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 | $1,222 |
| Total functional expenses | $70,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,805 |
| Savings and temporary cash investments | $167,000 |
| 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 | $625 |
| Total assets | $259,430 |
| Accounts payable and accrued expenses | $5,383 |
| 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 | $191 |
| Total liabilities | $5,574 |
| Net assets without donor restrictions | $253,856 |
| Net assets with donor restrictions | $0 |
| 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 | $259,430 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that International Friends Of London Library Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Cape Branch Foundation Hobe Sound, FL PURPOSE: GENERAL | $20,000 |
Val A Browning Charitable Foundation Reno, NV PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Deborah L Brice Foundation New York, NY PURPOSE: GENERAL PURPOSE CONTRIBUTION | $10,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $7,500 |
Royce Family Fund Inc Greenwich, CT PURPOSE: GENERAL PURPOSES | $5,000 |
Arguild Foundation Greenville, DE PURPOSE: EDUCATIONAL PURPOSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Library Company Of Philadelphia Philadelphia, PA | $40,011,303 | $12,014,446 |
Mercantile Library Association Of The City Of New York Brooklyn, NY | $3,218,511 | $3,202,622 |
American Philatelic Research Library Bellefonte, PA | $13,852,041 | $5,947,828 |
American Trust For The British Lbry New York, NY | $2,973,407 | $358,136 |
Collectors Club Inc New York, NY | $2,171,265 | $267,720 |
Lycoming County Library System Williamsport, PA | $336,685 | $144,300 |
International Friends Of London Library Inc New York, NY | $259,430 | $225,720 |
Princeton Library In New York New York, NY | $315,721 | $0 |
American Merchant Marine Library Association Jersey City, NJ | $3,256 | $0 |