Elyria Public Library Foundation Inc
- Assets
- $50.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elyria, OH
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 27-1864336
Organization Overview
Elyria Public Library Foundation Inc is located in Elyria, OH. The organization was established in 2010. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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. Elyria 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 12/2021, Elyria Public Library Foundation Inc generated $8.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.2%) each year. All expenses for the organization totaled $670.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (38.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SUPPORT TO THE ELYRIA PUBLIC LIBRARY SYSTEM TO ASSIST IN PROVIDING RESOURCES, BOOKS, EDUCATIONAL MATERIALS, PROGRAMS AND SERVICES FOR THE LIBRARY TO OPERATE FOR THE CITIZENS OF LORAIN COUNTY AND THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Vandemark President | 2 | $0 | |
Rhonda Smith Vice Preside | 2 | $0 | |
Janet Stoffer Secretary | 2 | $0 | |
Nancy Baldauf Trustee | 1 | $0 | |
Kathryn Boylan Trustee | 1 | $0 | |
Barrett Hubbard Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,304 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,727 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8,031 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $297 |
| Other expenses | $123 |
| Total expenses | $670 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,472 |
| Other assets | $0 |
| Total assets | $50,472 |
| Total liabilities | $0 |
| Net assets or fund balances | $50,472 |
Grants Awarded
Over the last fiscal year, Elyria Public Library Foundation Inc has awarded $200,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Elyria, OH PURPOSE: PURCHASE BOOK MOBILE | $175,000 |
Elyria, OH PURPOSE: PURCHASE BOOK MOBILE | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Elyria Public Library Foundation Inc has recieved totaling $23.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Endowment Analysis
| Beg. Balance | $1,370,282 |
| Earnings | $510 |
| Admin Expense | -$67 |
| Net Contributions | $11,490 |
| Grants | -$1,351,430 |
| Ending Balance | $30,785 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Euclid Avenue Development Corporation Cleveland, OH | $92,407,891 | $9,458,468 |
Michigan College Access Network Lansing, MI | $5,083,649 | $7,946,913 |
Columbus Learning Center Management Corporation Columbus, IN | $38,848,062 | $6,215,911 |
Marygrove Conservancy Detroit, MI | $74,090,632 | $9,035,851 |
Association Of Theological Schools Pittsburgh, PA | $47,043,534 | $8,843,777 |
Electronic Information Network Pittsburgh, PA | $3,863,971 | $4,949,753 |
University Of Cincinnati Research Institute Cincinnati, OH | $5,011,413 | $4,382,075 |
Fayette County Child Development Inc Oak Hill, WV | $1,256,000 | $4,245,853 |
Southeast South-Central Educational Cooperative Richmond, KY | $1,249,010 | $3,554,543 |
Beyond Basics Southfield, MI | $2,664,209 | $4,401,467 |
Frankford Valley Foundation For Literacy Ii Philadelphia, PA | $28,680,827 | $2,865,758 |
V Hechzakta Bo Detroit, MI | $224,014 | $2,259,831 |