Hbcu Library Alliance Inc
- Assets
- $457.1k
- Revenue
- $202.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 06/2007
- Data as of
- 06/2021
- EIN
- 20-4588770
Organization Overview
Hbcu Library Alliance Inc is located in Atlanta, GA. The organization was established in 2007. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. Hbcu Library Alliance 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, Hbcu Library Alliance Inc generated $202.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $173.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION OF PHOTOGRAPHIC COLLECTIONS IN HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. THIS PROGRAM FOCUSES ON IMPROVING THE PRESERVATION OF SIGNIFICANT PHOTOGRAPHIC AND MAGNETIC MEDIA COLLECTION, INCREASE SCHOLARLY ENDEAVORS IN HISTORICALLY BLACK COLLEGES AND UNIVERSITIES AND ENCOURAGE STUDENT ENGAGEMENT AT A SELECT GROUP OF FIVE HISTORICALLY BLACK COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Phoenix Executive Dir. | 40 | $71,057 | |
Debra Hess Norris Board Member | 1 | $0 | |
Consuella Askew Board Member | 1 | $0 | |
Morgan Montgomery Secretary | 1 | $0 | |
Tina Rollins Treasurer | 1 | $0 | |
Blanche Sanders Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $202,271 |
| Interest on Savings | $71 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $202,342 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,804 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $18,355 |
| Interest | $0 |
| Taxes | $5,415 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,804 |
| Printing and publications | $2,500 |
| Other expenses | $42,190 |
| Total operating and administrative expenses | $173,889 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $173,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,503 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $21,587 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $457,090 |
| Accounts payable and accrued expenses | $60,191 |
| Grants payable | $0 |
| Deferred revenue | $1,500 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $61,691 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hbcu Library Alliance Inc has recieved totaling $1,000,000.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT NEW BUSINESS MODEL DEVELOPMENT THROUGH CHANGE-CAPITAL FUNDING | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lyrasis Atlanta, GA | $57,303,144 | $78,536,382 |
Richland County Public Library Columbia, SC | $22,586,834 | $29,522,788 |
Robert W Woodruff Library Of The Atlanta University Center Inc Atlanta, GA | $36,750,621 | $14,706,719 |
Winter Park Library Assn Winter Park, FL | $8,735,050 | $3,165,785 |
Fontana Regional Library Bryson City, NC | $3,949,070 | $3,576,120 |
Hall County Library System Gainesville, GA | $3,250,117 | $3,142,745 |
Delray Beach Public Library Assn Inc Delray Beach, FL | $12,995,036 | $2,634,464 |
Cli Prison Alliance Inc Raleigh, NC | $1,246,885 | $2,394,225 |
Tenn-Share Alcoa, TN | $1,129,556 | $1,846,388 |
North Shelby Library District A Public Corporation Birmingham, AL | $2,809,920 | $1,559,190 |
Dothan Houston County Library System Dothan, AL | $5,383,085 | $1,651,262 |
Seflin Southeast Florida Library Information Network Inc Boca Raton, FL | $1,306,991 | $1,680,816 |