Way Public Library Foundation
- Assets
- $4.9m
- Revenue
- $297.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Perrysburg, OH
- Founding
- 03/1993
- Data as of
- 12/2023
- 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 12/2023, Way Public Library Foundation generated $297.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $258.4k during the year ending 12/2023. 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
2023
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 |
Lisa Richard Administrato | Officer | 30 | $0 |
Bill Davis Trustee | Trustee | 0.5 | $0 |
Steve Farber Trustee | Trustee | 0.5 | $0 |
Seth Hudson Trustee | Trustee | 0.5 | $0 |
Tana Koskinen 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 | $98,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,075 |
| Total Program Service Revenue | $33,595 |
| Investment income | $148,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,139 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $297,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $135,475 |
| 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 | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,502 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,145 |
| 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 | $1,722 |
| All other expenses | $0 |
| Total functional expenses | $258,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $73,650 |
| 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 | $4,863,877 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,937,777 |
| Accounts payable and accrued expenses | $902 |
| 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 | $902 |
| 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 | $4,936,875 |
| Total liabilities and net assets/fund balances | $4,937,777 |