Boulder Public Library Foundation Inc
- Assets
- $5.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Boulder, CO
- Founding
- 11/1974
- Data as of
- 12/2022
- EIN
- 23-7408456
Organization Overview
Boulder Public Library Foundation Inc is located in Boulder, CO. The organization was established in 1974. 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 12/2022, Boulder Public Library Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boulder 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 12/2022, Boulder Public Library Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $782.1k during the year ending 12/2022. While expenses have increased by 0.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BOULDER LIBRARY FOUNDATION INCREASES FUNDING FOR SERVICES THAT HELP THE PEOPLE OF BOULDER DEVELOP AND GROW BY RAISING MONEY, INCREASING AWARENESS, ADVOCATING FOR THE LIBRARY, AND ENCOURAGING COMMUNITY INVOLVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY PROGRAMMING GRANT- TO FUND NEARLY 90% OF THE LIBRARY'S HARD COSTS ASSOCIATED WITH PROGRAMMING, PLUS SOME OF ITS STAFFING COSTS, INCLUDING SUMMER OF DISCOVERY, BLDG61, WINTER READING, CHILDREN'S AND TEEN'S PROGRAMS, BRANCH PROGRAMS, ONE BOOK ONE BOULDER, POLLINATOR GARDEN, PROGRAM BOOKLET PRODUCTION, AND CARNEGIE LIBRARY STAFF AND PROGRAMMING.
BOULDER LIBRARY CHAMPIONS GRANT TO SUPPORT A "FUND OUR LIBRARIES" POLITICAL ISSUE CAMPAIGN THAT HELPED CONVINCE VOTERS TO APPROVE THE NEW BOULDER PUBLIC LIBRARY DISTRICT. THE NEW FUNDING AND GOVERNANCE STRUCTURE WILL ALLOW THE LIBRARY TO SIGNIFICANTLY EXPAND FACILITIES, SERVICES AND PROGRAMS, STARTING IN 2024.
GEORGE BRAGG DESIGNATED FUND GRANT - TO FUND THE WORK OF AN ARCHIVIST HIRED TO DIGITIZE HISTORICAL NEWSPAPER ARTICLES PUBLISHED IN THE BOULDER DAILY CAMERA AND LONGMONT TIMES CALL.
MARIA ROGERS ORAL HISTORY PROJECT FUND GRANT TO FUND THE COORDINATION OF VOLUNTEERS WHO CONDUCT INTERVIEWS, TAKE NOTES, TRANSCRIBE, DESCRIBE AND POST ORAL HISTORY INTERVIEWS ONLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Koenig Board Member | Trustee | 1 | $0 |
Alicia Gibb Seidle Co-President | OfficerTrustee | 1 | $0 |
Andrew Ghadimi Board Member | Trustee | 1 | $0 |
Dr Nicole Sager Co-President | OfficerTrustee | 1 | $0 |
Jenny Slade Board Member | Trustee | 1 | $0 |
Scott Steinbrecher Bpl Rep | 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 | $907,193 |
| Noncash contributions included in lines 1a–1f | $3,026 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $907,193 |
| Total Program Service Revenue | $0 |
| Investment income | $134,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,425 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $123,484 |
| Net Income from Fundraising Events | $464 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,168,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $409,807 |
| 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 | $221,914 |
| Pension plan accruals and contributions | $15,469 |
| Other employee benefits | $20,038 |
| Payroll taxes | $16,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,668 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,739 |
| Office expenses | $12,064 |
| Information technology | $150 |
| 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 | $2,424 |
| All other expenses | $0 |
| Total functional expenses | $782,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,413 |
| 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 | $4,727,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,966,538 |
| Accounts payable and accrued expenses | $656 |
| 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 | $12,110 |
| Total liabilities | $12,766 |
| Net assets without donor restrictions | $3,585,773 |
| Net assets with donor restrictions | $1,367,999 |
| 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 | $4,966,538 |