Cedar Rapids Public Library Foundation is located in Cedar Rapids, IA. The organization was established in 2016. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Cedar Rapids Public Library Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Rapids Public Library Foundation 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 06/2023, Cedar Rapids Public Library Foundation generated $585.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $848.8k during the year ending 06/2023. While expenses have increased by 2.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION MOBILIZES RESOURCES AND RELATIONSHIPS THAT EMPOWER OUR LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CEDAR RAPIDS PUBLIC LIBRARY FOUNDATION SUPPORTED OUR LIBRARY'S EFFORTS TO PROMOTE ACCESS, LITERACY, AND INCLUSION FOR ALL AGES. DOLLY PARTON'S IMAGINATION LIBRARY ENTERED ITS FIFTH YEAR OF SENDING FREE, AGE-APPROPRIATE BOOKS TO CHILDREN UNDER 5 IN CEDAR RAPIDS. AS OF JUNE 30, 2023, WE HAVE MAILED MORE THAN 330,000 BOOKS TO CHILDREN IN CEDAR RAPIDS, AND ENROLLMENT IS OVER 5,500 CHILDREN UNDER FIVE. OUR LIBRARY'S PARTNERSHIP WITH CARGILL ENTERED ITS 32ND YEAR AND CONTINUES TO FUND OUTREACH PROGRAMS FOR PRESCHOOLS SERVING AT-RISK CHILDREN. DURING THE 2022-23 SCHOOL YEAR, LIBRARY STAFF PROVIDED SIX CLASSROOM VISITS PER MONTH (45 VISITS THIS YEAR) REACHING A TOTAL OF 113 PRESCHOOLERS AGES TWO TO FIVE. THEY ALSO DELIVERED 1,017 BOOKS AND CUSTOMIZED ACTIVITY SHEETS FOR EACH BOOK.
THE CEDAR RAPIDS PUBLIC LIBRARY FOUNDATION CONTINUES TO SUPPORT OUR LIBRARY'S EFFORTS TO PROVIDE ACCESS TO ROBUST MATERIALS THROUGH THEIR PRINT AND ONLINE COLLECTIONS. TWO YEARS AGO, THE LIBRARY FOUNDATION BEGAN FUNDING AN ONLINE RESOURCE FOR DIGITAL MATERIALS CALLED HOOPLA. THIS PLATFORM INCREASED OUR DIGITAL COLLECTION OFFERINGS TO INCLUDE COMIC BOOKS, POPULAR MOVIES, SOUNDTRACKS, AND MORE. THIS FISCAL YEAR, THE LIBRARY ASKED THE FOUNDATION TO FUND PRESSREADER. THIS DIGITAL RESOURCE OFFERS UNLIMITED ACCESS TO OVER 7,000 OF THE WORLD'S TOP NEWSPAPERS AND MAGAZINES. SUPPORTING ACCESS AND INCLUSION, THIS RESOURCE OFFERS PUBLICATIONS FROM COUNTRIES AROUND THE WORLD. TITLES OUR PATRONS CAN ACCESS INCLUDE THE GUARDIAN, LOS ANGELES TIMES, NEWSWEEK, DAILY MAIL, L'EQUIPE, DER TAGGESSPIEGEL, LIBERATION, CHINA DAILY, AND LARAZON, ALONG WITH THOUSANDS OF OTHERS. IN FY23, 282 UNIQUE USERS VIEWED MORE THAN 48,000 ITEMS. THE LANGUAGES ACCESSED INCLUDE ENGLISH, SPANISH, GERMAN, FRENCH, CHINESE, NORWEGIAN, ITALIAN, PORTUGUESE, POLISH, GUJARATI, TAGALOG, THAI AND TURKISH.
AN INNOVATIVE ADDITION TO THE LIBRARY'S PROGRAMS AND OUTREACH IN 2021 WAS A MOBILE TECHNOLOGY LAB. IN FY23, IT CONTINUED OFFERING TECH TO GO PROGRAMS THROUGHOUT THE COMMUNITY. THIS YEAR, THE VAN MADE 63 PARK VISITS AND SERVED MORE THAN 2,200 PEOPLE. ADDITIONALLY, THEY HOSTED 106 OUTREACH VISITS SERVING MORE THAN 5,400 INDIVIDUALS. OUR LIBRARY'S INTERGENERATIONAL READING PROGRAM KNOWN AS THE SUMMER DARE RETURNED TO IN-PERSON PROGRAMS IN 2022, AND BROUGHT BACK LARGE SCALE PROGRAMMING EVENTS IN 2023. THERE WERE 2,108 READERS REGISTERED AND COLLECTIVELY, THEY READ MORE THAN 1.1 MILLION MINUTES IN JUNE AND JULY. THE LIBRARY STAFF CONDUCTED OVER 330 PROGRAMS WITH ATTENDANCE OF NEARLY 16,000 PEOPLE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charity Tyler Executive Director | Officer | 45 | $0 |
Sean Williams President | OfficerTrustee | 0.5 | $0 |
Megan Murphy-Salyer Vice President | OfficerTrustee | 0.3 | $0 |
Ashley Grimm Secretary | OfficerTrustee | 0.3 | $0 |
Salma Igram Treasurer | OfficerTrustee | 1 | $0 |
Brittany Scanlon Director | Trustee | 0.3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $32,766 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $886,572 |
Noncash contributions included in lines 1a–1f | $10,452 |
Total Revenue from Contributions, Gifts, Grants & Similar | $919,338 |
Total Program Service Revenue | $0 |
Investment income | $217,459 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$554,289 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $585,008 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $233,559 |
Grants and other assistance to domestic individuals. | $145,299 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $124,866 |
Compensation of current officers, directors, key employees. | $12,487 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $73,888 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $26,580 |
Payroll taxes | $13,180 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $56,823 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $73,869 |
Fees for services: Investment Management | $56,560 |
Fees for services: Other | $0 |
Advertising and promotion | $3,531 |
Office expenses | $17,324 |
Information technology | $3,099 |
Royalties | $0 |
Occupancy | $6,998 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,126 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $6,104 |
Total functional expenses | $848,806 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $115,554 |
Savings and temporary cash investments | $188,727 |
Pledges and grants receivable | $429,129 |
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 | $11,940 |
Net Land, buildings, and equipment | $3,508,453 |
Investments—publicly traded securities | $9,129,711 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $13,892 |
Total assets | $13,397,406 |
Accounts payable and accrued expenses | $51,670 |
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 | $3,100,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $3,151,670 |
Net assets without donor restrictions | $5,532,933 |
Net assets with donor restrictions | $4,712,803 |
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 | $13,397,406 |