Schlow Library Foundation Inc

Organization Overview

Schlow Library Foundation Inc is located in State College, PA. The organization was established in 1973. 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. Schlow 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 12/2023, Schlow Library Foundation Inc generated $334.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $247.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE CRUCIAL ADVOCACY, FINANCIAL, AND VOLUNTEER SUPPORT FOR SCHLOW LIBRARY ACTIVITIES. THE FOUNDATION WORKS TO ENSURE THAT SCHLOW LIBRARY SERVICES WILL CONTINUE WITHOUT INTERRUPTION THROUGH FUNDRAISING PROJECTS AND OUTREACH PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE CRUCIAL ADVOCACY, FINANCIAL, AND VOLUNTEER SUPPORT FOR SCHLOW LIBRARY ACTIVITIES. THE FOUNDATION WORKS TO ENSURE THAT SCHLOW LIBRARY SERVICES WILL CONTINUE WITHOUT INTERRUPTION THROUGH FUNDRAISING PROJECTS AND OUTREACH PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Patricia Best
Board Member
$0
Lynn Petnick
Board Member
$0
Mac Rayback
Secretary
$0
Jane Stanton
Board Member
$0
Peg Hambrick
Board Member
$0
Ron Filippelli
Board Member
$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$281,133
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$281,133
Total Program Service Revenue$0
Investment income $53,179
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $334,312

Grants Awarded

Over the last fiscal year, Schlow Library Foundation Inc has awarded $177,000 in support to 2 organizations.

Grant RecipientAmount

SCHLOW CENTRE REGION LIBRARY

PURPOSE: To provide financial support for library activities

$152,000

CENTRE COMMUNITY FOUNDATION INC

PURPOSE: To establish spendable Schlow Library Foundation Sub-Fund

$25,000
View Grant Profile

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