Allen County Public Library Foundation
- Assets
- $23.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 11/1984
- Data as of
- 06/2022
- EIN
- 31-1121023
Organization Overview
Allen County Public Library Foundation is located in Fort Wayne, IN. The organization was established in 1984. 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. Allen 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 06/2022, Allen County Public Library Foundation generated $1.6m 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 (4.2%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. 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
TO SUPPORT THE PROGRAMS AND SERVICES OF THE ALLEN COUNTY PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES GRANTS TO THE ALLEN COUNTY PUBLIC LIBRARY FOR THE PURCHASE OF MATERIALS INCLUDING BOOKS,MICROFILM, MICROFICHE, AND OTHER MATERIALS. THE FOUNDATION ALSO GIVES GRANTS TO THE LIBRARY TO SUPPORT ITS OPERATIONS AND VARIOUS LIBRARY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zach Higgins Assistant Tr | OfficerTrustee | 0.5 | $0 |
W Michael Horton Treasurer | OfficerTrustee | 0.5 | $0 |
Richard E Beck Jr Chair | OfficerTrustee | 0.5 | $0 |
Susan Johnson Secretary | OfficerTrustee | 0.5 | $0 |
David Sedestrom Assistant Tr | Officer | 10 | $0 |
Adie Baach Trustee/dire | Trustee | 0.5 | $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 | $609,122 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $609,122 |
| Total Program Service Revenue | $5,004 |
| Investment income | $796,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $203,949 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,614,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,669,671 |
| 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 | $8,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $185,713 |
| Fees for services: Other | $2,879 |
| Advertising and promotion | $0 |
| Office expenses | $268 |
| Information technology | $5,050 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,871,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,919 |
| Savings and temporary cash investments | $528,924 |
| Pledges and grants receivable | $345,000 |
| 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 | $22,268,133 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,943 |
| Total assets | $23,368,919 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $7,036,971 |
| Net assets with donor restrictions | $16,331,948 |
| 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 | $23,368,919 |
Grants Awarded
Over the last fiscal year, Allen County Public Library Foundation has awarded $1,458,541 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEN COUNTY PUBLIC LIBRARY PURPOSE: TO SUPPORT PROGRAMS | $1,118,918 |
ALLEN COUNTY PUBLIC LIBRARY PURPOSE: REIMBURSE FOR BOOKS | $339,623 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Allen County Public Library Foundation has recieved totaling $1,300.
| Awarding Organization | Amount |
|---|---|
Tim And Libby Ash Family Foundation Inc Fort Wayne, IN PURPOSE: TO SUPPORT LITERACY AND EDUCATION | $1,300 |
Endowment Analysis
| Beg. Balance | $17,400,768 |
| Earnings | -$889,908 |
| Admin Expense | $96,950 |
| Net Contributions | $501,299 |
| Other Expense | $656,215 |
| Ending Balance | $16,258,994 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Blanche Ebert Seaver Trust For Frank R Seaver College Chicago, IL | $130,613,951 | $5,090,055 |
William Rainey Harper College Educational Foundation Palatine, IL | $50,154,930 | $4,699,112 |