Friends And Foundation Of The Northfield Public Library
- Assets
- $234.7k
- Revenue
- $87.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Northfield, MN
- Founding
- 09/2004
- Data as of
- 07/2022
- EIN
- 20-0457701
Organization Overview
Friends And Foundation Of The Northfield Public Library is located in Northfield, MN. The organization was established in 2004. 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. Friends And Foundation Of The Northfield 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 07/2022, Friends And Foundation Of The Northfield Public Library generated $87.5k 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 (18.5%) each year. All expenses for the organization totaled $19.4k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (35.0%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE NORTHFIELD PUBLIC LIBRARY WITH AWARENESS, EDUCATION, COOPERATION, AND FINANCIAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY OUTREACH - THE FRIENDS SUPPORT OF THE LIBRARY'S OWN INITIATIVES INCLUDING PROGRAMS SUCH AS THE HISPANIC HERITAGE CELEBRATION, BOOKS AND STARS SERIES OF EVENTS, BILINGUAL READING GROUPS FOR ADULTS, AND THE TEEN ADVISORY BOARD. TO SUPPORT OUR MISSION, THE FRIENDS TYPICALLY HOST 2-3 FUNDRAISING EVENTS EACH YEAR (THOUGH COVID-19 CONDITIONS IN 2021 ALTERED MANY PLANS). PLANS FOR AN IMPROV WORKSHOP ARE IN PALCE FOR FY 2022-23.
CHILDREN'S PROGRAMS. THIS IS A CORE AREA OF SUPPORT IN THE FRIENDS' MISSION (EARLY LITERACY). THE FRIENDS SUPPORTED TWO PROGRAMS. FIRST, THE LIBRARY HOSTS A SUMMER READING PROGRAM THAT REGULARILY ENROLLS HUNDREDS OF NORTHFIELD YOUNG PEOPLE. THEY COMMIT TO A READING PROGRAM, THEIR PROGRESS IS CELEBRATED WITH SMALL PRIZES, AND AGE GROUP ACTIVITES OVER THE COURSE OF THE SUMMER. SECOND, THE FRIENDS SUPPORT A LONG-STANDING LIBRARY PROGRAM THAT BRINGS NORTHFIELD FIRST-GRADERS TO THE PUBLIC LIBRARY AND INTRODUCES THEM TO ITS COLLECTIONS AND EQUIPS THEM WITH THEIR FIRST LIBRARY CARD. THE FRIENDS DEFRAY THE COST OF BUS TRANSPORT FOR AREA ELEMENTARY SCHOOLS.
THE FRIENDS HAVE A SCHOLARSHIP PROGRAM THAT AWARDS MODEST SCHOLARSHIPS TO SENIORS AT AREA HIGH SCHOOLS (OR WHO HAVE BEEN HOMESCHOOLED) WHO HAVE SHOWN PARTICULAR DEDICATION TO THE PUBLIC LIBRARY THROUGH THEIR INVOLVEMENT AS A VOLUNTEER, TEEN ADVISORY BOARD MEMBER, PAGE, OR PROGRAM ASSISTANT. THE FRIENDS WORK WITH BOTH NORTHFIELD HIGH SCHOOL AND LIBRARY STAFF TO ADMINISTER THESE SCHOLARSHIPS, WHICH ARE USUALLY USED TO PAY FOR TEXTBOOKS. THIS YEAR, THE FRIENDS PROVIDED SCHOLARSHIPS TOTALING 3,250, WHICH WERE DISTRIBUTED AMONG SEVEN STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Dean Board Chair | OfficerTrustee | 3 | $0 |
William L North Vice-Chair | OfficerTrustee | 2 | $0 |
Mary Steen Secretary | OfficerTrustee | 1.5 | $0 |
Lynne Young Treasurer | OfficerTrustee | 3 | $0 |
Eric Linder Board Member | Trustee | 1 | $0 |
Gary Miessler Board Member | 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 | $64,939 |
| Noncash contributions included in lines 1a–1f | $27,372 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,939 |
| Total Program Service Revenue | $6,127 |
| Investment income | $2,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,018 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,525 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,250 |
| 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 | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,203 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $533 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,014 |
| 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 | $2,034 |
| Total functional expenses | $19,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246 |
| Savings and temporary cash investments | $127,100 |
| 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 | $107,365 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $234,711 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $190,355 |
| Net assets with donor restrictions | $44,356 |
| 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 | $234,711 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends And Foundation Of The Northfield Public Library has recieved totaling $6.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Endowment Analysis
| Beg. Balance | $65,392 |
| Earnings | -$4,824 |
| Admin Expense | $1,203 |
| Net Contributions | $48,000 |
| Ending Balance | $107,365 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |
Hmong Education Reform Company St Paul, MN | $74,819,992 | $9,901,803 |
Isu Veterinary Services Corporation Des Moines, IA | $3,723,871 | $7,166,183 |
University Of Wisconsin Green Bay Foundation Inc Green Bay, WI | $63,454,275 | $9,667,784 |
University Of Minnesota Foundation Investment Advisors Minneapolis, MN | $2,748,098 | $5,244,210 |