Cuyahoga County Public Library Foundation
- Assets
- $8.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 04/2002
- Data as of
- 12/2021
- EIN
- 26-0042432
Organization Overview
Cuyahoga County Public Library Foundation is located in Cleveland, OH. The organization was established in 2002. 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. Cuyahoga County 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 12/2021, Cuyahoga County Public Library Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $507.2k during the year ending 12/2021. While expenses have increased by 9.7% per year over the past 7 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.
Since 2014, Cuyahoga County Public Library Foundation has awarded 18 individual grants totaling $1,087,047. 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
THE CUYAHOGA COUNTY PUBLIC LIBRARY FOUNDATION EXISTS SOLELY TO SUPPORT THE SERVICES OF AND STRENGTHEN THE SERVICES OF THE CUYAHOGA COUNTY PUBLIC LIBRARY, AND IS COMMITTED TO ENSURING THE LIBRARY'S VITALITY AND EXCELLENCE FOR CURRENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OFFERS WRITERS CENTER STAGE PROGRAMS TO PROMOTE READING IN THE COMMUNITY.
THE FOUNDATION SERVES AS A FUNDRAISING ORGANIZATION TO SUPPORT PROGRAMS AND SERVICES OF THE CUYAHOGA COUNTY PUBLIC LIBRARY.
AUTHOR SERIES TO PROMOTE READING AND AWARENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Strobel Trustee/president | OfficerTrustee | 5 | $0 |
Allyn Davies Trustee/secretary | OfficerTrustee | 4 | $0 |
M Neal Rains Trustee/chair | OfficerTrustee | 4 | $0 |
William I Russo CFP Trustee/treasurer | OfficerTrustee | 4 | $0 |
Lorie H Smith Trustee | Trustee | 2 | $0 |
Monica K Brown Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $143,804 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $361,794 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $505,598 |
| Total Program Service Revenue | $146,072 |
| Investment income | $188,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,073,582 |
| Net Income from Fundraising Events | -$22,116 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,891,818 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $279,700 |
| 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 | $2,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,340 |
| Fees for services: Other | $142,049 |
| Advertising and promotion | $0 |
| Office expenses | $3,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,365 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $572 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,135 |
| Total functional expenses | $507,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $402,292 |
| 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 | $42,192 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,801,077 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,245,561 |
| Accounts payable and accrued expenses | $5,061 |
| Grants payable | $0 |
| Deferred revenue | $32,560 |
| 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 | $38,148 |
| Total liabilities | $75,769 |
| Net assets without donor restrictions | $7,415,884 |
| Net assets with donor restrictions | $753,908 |
| 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 | $8,245,561 |
Grants Awarded
Over the last fiscal year, Cuyahoga County Public Library Foundation has awarded $277,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Parma, OH PURPOSE: 123 READ GRANT | $105,000 |
Parma, OH PURPOSE: STAFF TRAINING | $37,000 |
Parma, OH PURPOSE: PROJECT LEARN | $30,000 |
Parma, OH PURPOSE: EARLY CHILDHOOD SUCCESS PRORAM | $30,000 |
Parma, OH PURPOSE: GENERAL OPERATIONS | $25,000 |
Parma, OH PURPOSE: SOLON INOVATION CENTER PROJECT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Cuyahoga County Public Library Foundation has recieved totaling $39,626.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $13,750 |
Treu Mart Fund Cleveland, OH PURPOSE: GRADE LEVEL READING SUPPORT FOR 1ST-3RD GRADERS | $10,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,264 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $342 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $146 |
Endowment Analysis
| Beg. Balance | $750,000 |
| Earnings | $156,312 |
| Other Expense | $156,312 |
| Ending Balance | $750,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |
Miami University Foundation Inc Oxford, OH | $724,573,926 | $28,643,439 |
Bowling Green State University Foundation Inc Bowling Green, OH | $269,755,787 | $28,051,237 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
The University Of Toledo Foundation Toledo, OH | $690,162,176 | $41,543,760 |
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |