Columbus Metropolitan Library Foundation
- Assets
- $14.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 11/2000
- Data as of
- 12/2022
- EIN
- 31-1692755
Organization Overview
Columbus Metropolitan Library Foundation is located in Columbus, OH. The organization was established in 2000. 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. Columbus Metropolitan 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 12/2022, Columbus Metropolitan Library Foundation generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 8 years. 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
BUILDING RESOURCES FOR THE SOLE PURPOSE OF ADVANCING THE MISSION OF COLUMBUS METROPOLITAN LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLUMBUS METROPOLITAN LIBRARY FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE LIBRARY'S GREATEST NEEDS AND HIGHEST PRIORITIES THROUGH GENEROUS GIFTS. EVERY DAY COLUMBUS METROPOLITAN LIBRARY PROVIDES VITAL SERVICES TO THE CENTRAL OHIO COMMUNITY, LIKE HOMEWORK HELP FOR STUDENTS, EARLY LITERACY SKILL TRAINING FOR CHILDREN AND RESUME SERVICES FOR JOBSEEKERS. THE NEED FOR THE LIBRARY HAS NEVER BEEN GREATER AND GIFTS TO THE FOUNDATION ENSURE THAT OUR PROGRAMS AND SERVICES WILL CONTINUE TO BE AVAILABLE FOR FREE TO ALL WHO WALK INTO EACH OF OUR 23 LOCATIONS. ONE OF THE TOP PRIORITIES HAS AND CONTINUES TO BE A COMPREHENSIVE CAMPAIGN TO SUPPORT THE COLUMBUS METROPOLITAN LIBRARY'S GREATEST NEEDS INCLUDING THE PHASE II BUILDING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Derrow Past President | OfficerTrustee | 1 | $0 |
Charles Fraas President | OfficerTrustee | 1 | $0 |
Jennifer Massanova Vice President | OfficerTrustee | 1 | $0 |
Timothy Faber Treasurer | OfficerTrustee | 1 | $0 |
Renee Shumate Secretary | OfficerTrustee | 1 | $0 |
Adam Brandt Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $861,862 |
| Related organizations | $0 |
| Government grants | $16,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,874,845 |
| Noncash contributions included in lines 1a–1f | $306,061 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,752,707 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$267,335 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,523,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,065,034 |
| 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 | $90,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,421 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $26,255 |
| Total functional expenses | $2,528,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,856,628 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $800,084 |
| 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 | $25,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,778,046 |
| Total assets | $14,459,758 |
| Accounts payable and accrued expenses | $401,487 |
| Grants payable | $1,000,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $798,860 |
| 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 | $2,200,347 |
| Net assets without donor restrictions | $8,114,470 |
| Net assets with donor restrictions | $4,144,941 |
| 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 | $14,459,758 |
Grants Awarded
Over the last fiscal year, Columbus Metropolitan Library Foundation has awarded $2,212,358 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FAMILY SERVICES PURPOSE: UNRESTRICTED GRANT | $37,500 |
COLUMBUS METROPOLITAN LIBRARY PURPOSE: A MAJORITY OF THE GRANT WAS RESTRICTED FOR THE LIBRARY BUILDING PROGRAM AND REMAINING (CTD...) FUNDS WERE USED FOR EDUCATIONAL PROGRAMS, BRANCH SPECIFIC NEEDS, OR GENERAL OPERATING EXPENSES IN ACCORDANCE WITH DONORS' WISHES. | $2,137,358 |
GOODWILL PURPOSE: UNRESTRICTED GRANT | $37,500 |