Way Public Library Foundation
- Assets
- $4.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Perrysburg, OH
- Founding
- 03/1993
- Data as of
- 12/2021
- EIN
- 34-1712599
Organization Overview
Way Public Library Foundation is located in Perrysburg, OH. The organization was established in 1993. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. Way 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, Way Public Library Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $236.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT WAY PUBLIC LIBRARY BY FUNDING PROJECTS THAT ENCOURAGE CHILDREN AND YOUNG ADULTS TO CULTIVATE A LIFE-LONG ENTHUSIASM FOR READING AND LEARNING, BY SUPPORTING COLLECTIONS, PROGRAMS, AND SERVICES, AND BY ACTING AS ADVOCATE FOR SUSTAINING LIBRARY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING FOR COLLECTION MATERIALS, EQUIPMENT, CHILDREN'S SERVICES, PUBLIC PROGRAMS, CLASSES FOR A MINIMAL FEE AND PROPERTY MAINTENANCE AND RENOVATIONS TO SUPPORT THE LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janel Haas Treasurer | OfficerTrustee | 2 | $0 |
Richard Sipp Trustee/vice | OfficerTrustee | 0.5 | $0 |
Jeffrey Smith Trustee/chai | OfficerTrustee | 0.5 | $0 |
Sandy Snyder Trustee/secr | OfficerTrustee | 0.5 | $0 |
Lisa Richard Administrato | Officer | 30 | $0 |
Megan Artz Trustee | 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 | $1,104,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,104,880 |
| Total Program Service Revenue | $15,555 |
| Investment income | $98,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $141,642 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,360,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $127,907 |
| 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 | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,840 |
| 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 | $1,566 |
| All other expenses | $735 |
| Total functional expenses | $236,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $71,107 |
| 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 | $4,447,463 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,518,820 |
| Accounts payable and accrued expenses | $599 |
| 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 | $599 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $4,518,221 |
| Total liabilities and net assets/fund balances | $4,518,820 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Way Public Library Foundation has recieved totaling $5,025.
| Awarding Organization | Amount |
|---|---|
The O-I Charities Foundation Perrysburg, OH PURPOSE: CHARITABLE SUPPORT | $5,000 |
The O-I Charities Foundation Perrysburg, OH PURPOSE: CHARITABLE SUPPORT | $25 |
Endowment Analysis
| Beg. Balance | $3,139,683 |
| Earnings | $222,584 |
| Net Contributions | $994,310 |
| Other Expense | $7,884 |
| Grants | $82,541 |
| Ending Balance | $4,266,152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Library Of Pittsburgh Pittsburgh, PA | $129,763,715 | $43,541,952 |
Ann Arbor District Library Ann Arbor, MI | $42,776,591 | $18,573,402 |
Reuben Mcmillan Free Library Association Youngstown, OH | $89,698,038 | $21,065,303 |
Allegheny County Library Assoc Pittsburgh, PA | $1,615,297 | $12,970,956 |
Greene County Public Library Xenia, OH | $9,776,484 | $13,108,130 |
Lake County Public Library Merrillville, IN | $39,933,908 | $12,781,082 |
The Free Library Of Philadelphia Philadelphia, PA | $55,485,474 | $14,690,366 |
Elyria Public Library Elyria, OH | $12,392,667 | $6,063,469 |
Bucks County Free Library Doylestown, PA | $22,091,549 | $9,285,989 |
Science History Institute Support Company Philadelphia, PA | $170,290,036 | $11,212,295 |
Ohionet Westerville, OH | $9,473,014 | $8,653,205 |
Dauphin County Library System Harrisburg, PA | $25,002,394 | $9,527,130 |