Friends And Foundation Of The Rochester Public Library
- Assets
- $23.5m
- Revenue
- $7.6m
- Investments
- $4.2m
- Employees
- 8
- Location
- Rochester, NY
- Founding
- 07/1989
- Data as of
- 06/2022
- EIN
- 16-1347453
Organization Overview
Friends And Foundation Of The Rochester Public Library is located in Rochester, NY. The organization was established in 1989. As of 06/2022, Friends And Foundation Of The Rochester Public Library employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends And Foundation Of The Rochester Public Library 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 06/2022, Friends And Foundation Of The Rochester Public Library generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.9% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 0.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS AND PROVIDE GENERAL FUNDING FOR LIBRARY FACILITIES AND PROGRAMS IN ROCHESTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON AN ONGOING BASIS, THE FRIENDS & FOUNDATION OF RPL COMPLEMENTS REGULAR GOVERNMENT APPROPRIATIONS TO ROCHESTER PUBLIC LIBRARY THROUGH (1) GIFTS TO AN ANNUAL FUND RAISING CAMPAIGN, (2) SPECIAL GRANTS FROM CORPORATIONS, INDIVIDUALS, CHARITABLE FOUNDATIONS AND GOVERNMENT FUNDING SOURCES, (3) EARNINGS GENERATED BY A PERMANENT ENDOWMENT FUND, (4) INDIVIDUAL GIFTS MADE THROUGH WILLS AND TRUSTS, AND (5) INCOME FROM THE SALE OF BOOKS AND LIBRARY RELATED ITEMS THROUGH THE LIBRARY STORE. FUNDS FROM THESE SOURCES ARE USED TO EXPAND LIBRARY PROGRAMS, TO SUPPORT CAPITAL IMPROVEMENTS AT PUBLIC LIBRARIES, TO ENSURE THE APPROPRIATE MAINTENANCE OF LIBRARY FACILITIES, AND TO SUPPORT NEEDED PROFESSIONAL RESOURCES, SERVICES AND STAFF. (CONTINUED ON SCHEDULE O)THROUGH ONGOING COMMUNICATION, THE FRIENDS & FOUNDATION OF RPL SEEKS TO COORDINATE ITS EFFORTS WITH OTHER PUBLIC LIBRARIES AND LIBRARY SUPPORT GROUPS THROUGHOUT MONROE COUNTY, AND WHENEVER POSSIBLE ACTS AS A SOURCE OF INFORMATION AND COUNSEL FOR OTHER MONROE COUNTY PUBLIC LIBRARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward B Davis III Executive Director (through July) | Officer | 37.5 | $67,655 |
Donna Borgus Executive Director (beginning July) | Officer | 37.5 | $28,558 |
Dan Ross Secretary | OfficerTrustee | 0.6 | $0 |
Donna P Benjamin President | OfficerTrustee | 0.8 | $0 |
David Hou Treasurer | OfficerTrustee | 0.6 | $0 |
Justin Stevens Vice President | OfficerTrustee | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,740,315 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,790,315 |
| Total Program Service Revenue | $0 |
| Investment income | $674,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,429 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $113,263 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,577,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $820,295 |
| 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. | $106,777 |
| Compensation of current officers, directors, key employees. | $32,033 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $264,800 |
| Pension plan accruals and contributions | $18,117 |
| Other employee benefits | $48,059 |
| Payroll taxes | $30,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,666 |
| Fees for services: Other | $17,793 |
| Advertising and promotion | $0 |
| Office expenses | $58,341 |
| 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 | $15,473 |
| Total functional expenses | $1,473,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $594,386 |
| Savings and temporary cash investments | $745,198 |
| Pledges and grants receivable | $119,642 |
| 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 | $180,136 |
| Prepaid expenses and deferred charges | $6,480 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,654,999 |
| Investments—other securities | $4,166,077 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,466,918 |
| Accounts payable and accrued expenses | $89,509 |
| 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 | $112,048 |
| Total liabilities | $201,557 |
| Net assets without donor restrictions | $9,321,883 |
| Net assets with donor restrictions | $13,943,478 |
| 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 | $23,466,918 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Friends And Foundation Of The Rochester Public Library has recieved totaling $168,154.
| Awarding Organization | Amount |
|---|---|
Rochester Area Community Foundation Rochester, NY PURPOSE: FOR GENERAL SUPPORT | $109,941 |
Max And Marian Farash Charitable Foundation Rochester, NY PURPOSE: CHARITABLE PURPOSE | $15,500 |
Joan & Harold Feinbloom Supporting Foundation Inc Rochester, NY PURPOSE: SAFE TO BE SMART PROGRAM | $15,000 |
Rochester Area Community Foundation Depository Inc Rochester, NY PURPOSE: TO SUPPORT LIBRARY PROGRAMS | $9,525 |
Mvp Health Plan Inc Schenectady, NY PURPOSE: GRANT FOR CHILDREN'S LITERACY PROGRAM | $7,500 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY PURPOSE: ROC THE DAY DESIGNATIONS | $7,135 |
Endowment Analysis
| Beg. Balance | $12,582,829 |
| Earnings | -$3,008,977 |
| Admin Expense | $93,666 |
| Net Contributions | $13,122,028 |
| Other Expense | $660,523 |
| Ending Balance | $21,941,691 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hartford Public Library Hartford, CT | $35,044,167 | $19,581,056 |
Great Neck Library Great Neck, NY | $34,961,861 | $11,637,861 |
Westport Library Assoc Westport, CT | $27,522,269 | $7,094,016 |
Oceanside Library Oceanside, NY | $46,476,817 | $6,978,242 |
Darien Library Inc Darien, CT | $29,008,924 | $5,931,772 |
Connetquot Public Library Bohemia, NY | $10,940,573 | $6,656,257 |
Crandall Library Glens Falls, NY | $18,989,283 | $4,650,669 |
Bryant Library Roslyn, NY | $10,311,911 | $5,190,176 |
Port Jefferson Free Library Port Jefferson, NY | $14,577,531 | $4,685,963 |
Riverhead Free Library Riverhead, NY | $9,623,554 | $4,087,006 |
Wilton Library Association Incorporated Wilton, CT | $11,356,788 | $3,701,367 |
Bergen County Cooperative Library System Inc Fair Lawn, NJ | $2,010,518 | $3,727,342 |