Friends Of The Free Library Of Philadelphia Inc
- Assets
- $1.3m
- Revenue
- $523.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Philadelphia, PA
- Founding
- 09/1974
- Data as of
- 06/2024
- EIN
- 23-7351482
Organization Overview
Friends Of The Free Library Of Philadelphia Inc is located in Philadelphia, PA. The organization was established in 1974. As of 06/2024, Friends Of The Free Library Of Philadelphia Inc employed 9 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Friends Of The Free Library Of Philadelphia 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 06/2024, Friends Of The Free Library Of Philadelphia Inc generated $523.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $275.1k during the year ending 06/2024. While expenses have increased by 3.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF THE FREE LIBRARY OF PHILADELPHIA, INC. (THE ORGANIZATION), FOUNDED IN 1973, IS AN INDEPENDENT, NONPROFIT ORGANIZATION THAT SUPPORTS THE 54-BRANCH FREE LIBRARY SYSTEM BY ESTABLISHING AND ASSISTING A NETWORK OF NEIGHBORHOOD-BASED FRIENDS GROUPS WHO STRENGTHEN AND STEWARD THEIR LOCAL LIBRARY; ADVOCATING FOR STABLE, EQUITABLE AND SIGNIFICANT LIBRARY SERVICES FOR THE CITY OF PHILADELPHIAS CHILDREN AND ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY OUTREACH AND FRIENDS GROUPS AS THE UMBRELLA ORGANIZATION TO 54 AFFILIATE LIBRARY FRIENDS GROUPS, THE COMMUNITY OUTREACH PROGRAMS FUNCTION IS TO ESTABLISH NEW GROUPS AND BUILD THE CAPACITY OF EXISTING GROUPS BY RECRUITING AND TRAINING VOLUNTEER LEADERS WHO ARE COMMITTED TO ASSISTING THEIR LOCAL LIBRARY BRANCH THROUGH THE PURCHASE OF BOOKS AND OTHER MATERIALS, AND THE SPONSORSHIP OF RELEVANT EDUCATIONAL PROGRAMS. OPEN, WELL-FUNCTIONING AND HIGHLY UTILIZED LIBRARIES ARE MODERN DAY COMMUNITY CENTERS THAT PROVIDE PUBLIC COMPUTERS AND FREE WORLD-WIDE WEB ACCESS, AND ACT AS SAFE HAVENS FOR CHILDREN AND YOUTH AND LEARNING CENTERS FOR NEW AMERICANS AND JOB-SEEKERS. LIBRARIES HELP STABILIZE NEIGHBORHOODS, ESPECIALLY THOSE AT-RISK. THROUGH TRAINING, ENHANCEMENT TECHNIQUES AND TECHNICAL SUPPORT, THE ORGANIZATION BUILDS LEADERS BY ASSISTING FRIENDS GROUPS TO DEVELOP THE CIVIC AND ORGANIZATIONAL SKILLS NEEDED TO EFFECTIVELY SET AND MEET THEIR GOALS TO PROMOTE, ADVOCATE FOR, AND EXPAND LIBRARY SERVICES. THE ORGANIZATIONS 2009 PUBLICATION LIBRARY FRIENDS; A BEST PRACTICES MANUAL, PROVIDES AN OPERATIONAL GUIDE FOR GROUPS OF ALL CAPACITIES IN ORDER TO AID AND INCREASE THEIR ACTIVITIES AND STEWARDSHIP. BOOK PROGRAM THE BOOK CORNER CONTINUES AS A VIBRANT HUB TO RECEIVE AND RESELL GOOD QUALITY BOOKS AT MODEST PRICES IN SUPPORT OF THE MISSION OF THE ORGANIZATION. THE ORGANIZATION AND GROUPS OF NEIGHBORHOOD STEWARDS, IN COLLABORATION WITH THE FREE LIBRARY OF PHILADELPHIA, WILL CONTINUE TO EMPHASIZE AND ADVOCATE FOR CUTTING EDGE SERVICES; AND CONTINUE TO EDUCATE CITIZENS AND ELECTED OFFICIALS - ENHANCING THEIR UNDERSTANDING OF THE VALUE OF THE PUBLIC LIBRARY IN THE LIFE OF THE CITY OF PHILADELPHIA AND THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette Hill Robinson Co-Chair Of | OfficerTrustee | 1 | $0 |
Linda Colwell-Smith Co-Chair Of | OfficerTrustee | 1 | $0 |
Myra Parker Treasurer | OfficerTrustee | 1 | $0 |
Alice Wells Secretary | OfficerTrustee | 1 | $0 |
Anna Steiner Director | Trustee | 1 | $0 |
Betty Baurfort Director | Trustee | 1 | $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 | $409,770 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,770 |
| Total Program Service Revenue | $113,216 |
| Investment income | $280 |
| 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 | $523,266 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,600 |
| 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 | $125,010 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,464 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,325 |
| Advertising and promotion | $2,963 |
| Office expenses | $10,580 |
| Information technology | $2,556 |
| 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 | $4,200 |
| All other expenses | $3,480 |
| Total functional expenses | $275,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,741 |
| Savings and temporary cash investments | $1,043,227 |
| 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 | $11,708 |
| Inventories for sale or use | $115,849 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,892 |
| Total assets | $1,285,417 |
| Accounts payable and accrued expenses | $14,942 |
| 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 | $1,897 |
| Total liabilities | $16,839 |
| Net assets without donor restrictions | $1,268,578 |
| Net assets with donor restrictions | $0 |
| 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 | $1,285,417 |