Friends Of The Aiken County Public Library
- Assets
- $2.3m
- Revenue
- $400.6k
- Investments
- $2.0m
- Employees
- 0
- Location
- Aiken, SC
- Founding
- 05/1975
- Data as of
- 12/2021
- EIN
- 23-7013987
Organization Overview
Friends Of The Aiken County Public Library is located in Aiken, SC. The organization was established in 1975. 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 Of The Aiken County 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 12/2021, Friends Of The Aiken County Public Library generated $400.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.8%) each year. All expenses for the organization totaled $176.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Friends Of The Aiken County Public Library has awarded 13 individual grants totaling $1,349,052. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH CLOSER RELATIONS WITH THE AIKEN COUNTY PUBLIC LIBRARY AND THE COMMUNITY WHICH IT SERVES; TO PROMOTE INFORMED INTEREST IN THE LIBRARY'S FUNCTIONS, RESOURCES, SERVICES, AND NEEDS; TO CONFER WITH AND TO SUPPORT THE WORK OF THE STAFF OF THE LIBRARY AND THE AIKEN COUNTY LIBRARY COMMISSION IN MATTERS RELATING TO THE WELFARE OF THE INSTITUTIONS; AND TO SUPPORT SUCH PROGRAMS OR ACTIVITIES THAT SHALL BE FOR THE IMPROVEMENT OR EXTENSION OF THE LIBRARY'S SERVICES OR NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF THE AIKEN COUNTY LIBRARY PROVIDE FUNDING FOR THE SUMMER READING PROGRAM AND ADDITIONAL FUNDING AS NEEDED FOR THE CHILDRENS BEFORE KINDERGARTEN PROGRAM. AS REQUESTED, ASSISTANCE IS PROVIDED FOR OTHER READING PROGRAMS.
IN PARTNERSHIP WITH AIKEN COUNTY GOVERNMENT, THE FRIENDS OF THE LIBRARY COMMITTED TO FUNDING UP TO 1,000,000 AS PART OF A 3,000,000 RENOVATION OF THE LIBRARY. THE RENOVATION WILL INCLUDE A NEW ADA COMPLIANT ELEVATOR, NEW, SAFER FRONT STEPS, MORE STUDY AND CONFERENCE ROOMS AND MORE EFFICIENT UTILIZATION OF SPACE. THE PROJECT BEGAN IN 2019 AND IS EXPECTED TO BE COMPLETED IN DECEMBER 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loretta Beckner Treasurer | OfficerTrustee | 1 | $0 |
Victoria Hampton Vice Preside | OfficerTrustee | 1 | $0 |
Bill Reynolds President | OfficerTrustee | 1 | $0 |
Dorothy Ridley Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,123 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $329,408 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,531 |
| Total Program Service Revenue | $0 |
| Investment income | $32,266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,715 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $400,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,195 |
| 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 | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,525 |
| Office expenses | $2,995 |
| Information technology | $520 |
| 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 | $1,654 |
| Insurance | $802 |
| All other expenses | $0 |
| Total functional expenses | $176,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $108,313 |
| 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 | $137,079 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,015,043 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,260,435 |
| 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 | $1,332,618 |
| Net assets with donor restrictions | $927,817 |
| 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 | $2,260,435 |
Grants Awarded
Over the last fiscal year, Friends Of The Aiken County Public Library has awarded $153,195 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AIKEN COUNTY PUBLIC LIBRARY PURPOSE: RENOVATION OF FACILI | $146,945 |
AIKEN COUNTY PUBLIC LIBRARY PURPOSE: SUPPORT OF LIBRARY | $6,250 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friends Of The Aiken County Public Library has recieved totaling $16,168.
| Awarding Organization | Amount |
|---|---|
Edgar T Cato Foundation Inc Aiken, SC PURPOSE: SUPPORT RELATIONS WITH THE LIBRARY AND COMMUNITY | $10,000 |
The Community Foundation For The Csra Augusta, GA PURPOSE: CHARITABLE PURPOSE | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $168 |
Endowment Analysis
| Beg. Balance | $1,220,740 |
| Earnings | $148,372 |
| Ending Balance | $1,365,334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
University Of South Carolina Educational Foundation Columbia, SC | $607,523,681 | $89,201,263 |
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
North Carolina State University Foundation Inc Raleigh, NC | $679,121,022 | $52,520,062 |
Clemson University Foundation Clemson, SC | $1,240,950,463 | $112,486,660 |
Georgia State University Foundation Inc Atlanta, GA | $466,073,205 | $89,649,877 |
Kenan-Flagler Business School Foundation Chapel Hill, NC | $259,673,453 | $44,675,511 |
Citadel Foundation Charleston, SC | $326,373,655 | $48,215,262 |