Cleveland Public Library Foundation
- Assets
- $818.4k
- Revenue
- $702.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 04/1959
- Data as of
- 12/2022
- EIN
- 34-6565428
Organization Overview
Cleveland Public Library Foundation is located in Cleveland, OH. The organization was established in 1959. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland 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 12/2022, Cleveland Public Library Foundation generated $702.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $489.8k during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
CLEVELAND PUBLIC LIBRARY FOUNDATION'S MISSION IS TO RAISE PHILANTHROPIC AND ADVOCACY SUPPORT FOR THE CLEVELAND PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLEVELAND PUBLIC LIBRARY FOUNDATION EXISTS TO RAISE PHILANTHROPIC SUPPORT FOR CLEVELAND PUBLIC LIBRARY. THE FOUNDATION ALLOWS THE LIBRARY TO DO MORE FOR THE PEOPLE OF THIS COMMUNITY GIVEN THE WORK OUTSIDE THE SCOPE OF TRADITIONAL LIBRARY SERVICES IS NOT FUNDED BY THE STATE AND LOCAL TAX DOLLARS RECEIVED BY THE LIBRARY. WHEN YOU INVEST IN THE WORK OF THE CLEVELAND PUBLIC LIBRARY THROUGH THE FOUNDATION, YOU INVEST IN THE CITY OF CLEVELAND. YOUR INVESTMENT IMPACTS THE FOLLOWING AREAS: ENSURE EVERY CHILD READS: CLEVELAND PUBLIC LIBRARY PRIORITIZES ITS YOUTH LITERACY EFFORTS. FROM STORY TIME, TUTORING, AND HOMEWORK HELP TO RESOURCES FOR PARENTS AND EDUCATORS, OUR ROLE IS TO ENSURE CHILDREN HAVE THE TOOLS THEY NEED TO BE SUCCESSFUL READERS. COMMUNITY CONNECTOR: THE LIBRARY SERVES AS A CONNECTOR FOR SOCIAL SERVICES AND OTHER BASIC NEED RESOURCES FOR THE COMMUNITY. WHETHER ADULT PATRONS NEED ACCESS TO EDUCATION SERVICES OR CHILDREN NEED ACCESS TO HEALTHY FOOD OPTIONS, YOU CAN FIND IT AT CLEVELAND PUBLIC LIBRARY. WORKFORCE READY: THROUGH PROGRAMS, SERVICES, AND COMMUNITY PARTNERSHIPS CLEVELAND PUBLIC LIBRARY ENSURES CLEVELANDERS HAVE THE SKILLS AND RESOURCES THEY NEED TO BE SUCCESSFUL IN THE WORKFORCE. BRIDGE THE CULTURAL DIVIDE: THE LIBRARY OFFERS PEOPLE A PLATFORM TO LEARN FIRST HAND FROM EACH OTHER AND COME TO APPRECIATE THE VARIETY AND RICHNESS OF THE WORLDS CULTURES. EMERGING TECHNOLOGY, OUR FEATURED EXHIBITIONS, AND COLLECTIONS PRESENTS OPPORTUNITIES TO BROADEN THE AVENUES FOR INTERCULTURAL ENGAGEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Stefani President | OfficerTrustee | 0.5 | $0 |
Larese Purnell Vice Preside | OfficerTrustee | 0.4 | $0 |
Ron Johnson Treasurer | OfficerTrustee | 0.3 | $0 |
Dorothy Baunach Secretary | OfficerTrustee | 0.3 | $0 |
Nancy Bostwick Director | Trustee | 0.2 | $0 |
Brian Broadus Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,922 |
| All other contributions, gifts, grants, and similar amounts not included above | $593,111 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $614,033 |
| Total Program Service Revenue | $81,527 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,451 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $702,110 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $69,630 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,483 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,250 |
| Advertising and promotion | $3,113 |
| Office expenses | $11,941 |
| Information technology | $13,895 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,799 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $947 |
| All other expenses | $0 |
| Total functional expenses | $489,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,521 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $300,000 |
| 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 | $3,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $261,884 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $818,405 |
| Accounts payable and accrued expenses | $10,023 |
| 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 | $10,023 |
| Net assets without donor restrictions | $426,642 |
| Net assets with donor restrictions | $381,740 |
| 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 | $818,405 |