Ridgewood Public Library Foundation Inc
- Assets
- $2.0m
- Revenue
- $201.2k
- Investments
- $785.5k
- Employees
- 0
- Location
- Ridgewood, NJ
- Founding
- 08/2002
- Data as of
- 12/2020
- EIN
- 22-3845417
Organization Overview
Ridgewood Public Library Foundation Inc is located in Ridgewood, NJ. The organization was established in 2002. 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. Ridgewood Public Library 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 12/2020, Ridgewood Public Library Foundation Inc generated $201.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $42.3k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WILL DEVELOP A BASIS OF PERPETUAL FINANCIAL SUPPORT TO ENSURE THAT THE LIBRARY WILL ALWAYS PROVIDE OUTSTANDING INFORMATION, EDUCATION, AND CULTURE IN A USER-FRIENDLY, STATE OF THE ART FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY REQUESTS
LIBRARY STAFF SUPPORT
DONORS' APPRECIATION
RETREAT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Harrington Vice President | OfficerTrustee | 0 | $0 |
Thomas Devita Treasurer | OfficerTrustee | 0 | $0 |
Cara Murray President | OfficerTrustee | 0 | $0 |
Renu Vitale Vice President | OfficerTrustee | 0 | $0 |
Shoshana Feiner Trustee | Trustee | 0 | $0 |
John Atlas Trustee | Trustee | 0 | $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 | $158,811 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,811 |
| Total Program Service Revenue | $0 |
| Investment income | $27,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,440 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $201,167 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $36 |
| 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 | $1,279 |
| All other expenses | $5,496 |
| Total functional expenses | $42,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,927 |
| Savings and temporary cash investments | $0 |
| 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 | $541,773 |
| Investments—other securities | $785,537 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,975,237 |
| 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 | $1,796,550 |
| Net assets with donor restrictions | $178,687 |
| 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 | $1,975,237 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ridgewood Public Library Foundation Inc has recieved totaling $72.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $72 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University At Albany Foundation Albany, NY | $129,210,800 | $17,198,773 |
Queens College Foundation Inc Flushing, NY | $103,882,868 | $13,972,395 |
Threefold Educational Foundation & School Chestnut Ridge, NY | $15,163,557 | $9,817,859 |
New Jersey Institute Of Technology Foundation Newark, NJ | $177,817,526 | $21,630,945 |
Global Community Charter School New York, NY | $4,753,919 | $12,397,044 |
Doctors Center Management Corporation Oceanport, NJ | $41,567 | $8,892,194 |
English-Bonter-Mitchell Foundation Pittsburgh, PA | $150,419,755 | $42,613,149 |
Delaware State University Foundation Inc Dover, DE | $37,335,368 | $19,092,791 |
Friends Of Team Academy Charter School A New Jersey Non-Profit Org Newark, NJ | $241,241,974 | $11,734,420 |
Montclair State University Foundation Inc Montclair, NJ | $109,561,235 | $13,284,004 |
Isaac Newton Foundation Inc Philadelphia, PA | $139,547,072 | $8,902,357 |
Annenberg School For Communication Tr At The University Of Pa Philadelphia, PA | $121,203,086 | $8,507,152 |