Monroe County Public Library Foundation Inc
- Assets
- $1.7m
- Revenue
- $359.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, IN
- Founding
- 11/1993
- Data as of
- 12/2023
- EIN
- 35-1892355
Organization Overview
Monroe County Public Library Foundation Inc is located in Bloomington, IN. The organization was established in 1993. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe County Public Library Foundation Inc 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, Monroe County Public Library Foundation Inc generated $359.1k 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 (5.0%) each year. All expenses for the organization totaled $266.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Monroe County Public Library Foundation Inc has awarded 48 individual grants totaling $868,871. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS TO SUPPORT THE MONROE COUNTY PUBLIC LIBRARY AND ITS PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ABOVE COSTS WERE ASSOCIATED WITH A WEEKLY SALE OF DONATED BOOKS TO RAISE FUNDS WHICH SUPPORT PROGRAMS OFFERED BY THE MONROE COUNTY PUBLIC LIBRARY.
TO ASSIST WITH PROGRAMS AND SERVICES FOR MONROE COUNTY RESIDENTS THROUGH THE MONROE COUNTY PUBLIC LIBRARY. IN 2023, MCPL UTILIZED THE GRANT TO PURCHASE COLLECTIONS REQUESTED BY PATRONS, TO SUPPORT THE VITAL TUTORING PROGRAM FOR ADULT LEARNERS, FINANCIAL AND INVESTOR EDUCATION NEEDS OF LIBRARY PATRONS, TO PURCHASE NEEDED EQUIPMENT FOR ADULT, TEEN AND CHILDREN SERVICES PROGRAMS, AND TO ASSSIST WITH PROGRAMS FOR DIGITAL CREATIVITY, MATH HOMEWORK HELP, SUMMER AND READ ACROSS AMERICA READING PRGRAMS, PUBLIC AWARENESS DIVERSITY AND NATIONAL AND LOCAL LIBRAY CELEBRATIONS PROGRAMS, AND FOR STAFF PROFESSIONAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patsy B Rahn President | Officer | $0 | |
Harriet Castrataro Vice Preside | Officer | $0 | |
Elizabeth Johnson Secretary | Officer | $0 | |
Thomas Zoss Treasurer | Officer | $0 | |
Emily Alford Board Member | Trustee | $0 | |
Carolyn Calloway-Thomas Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $35,943 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,605 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,548 |
| Total Program Service Revenue | $137,845 |
| Investment income | $26,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,516 |
| Net Income from Fundraising Events | $8,702 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$7,957 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $359,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $103,851 |
| 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 | $102,125 |
| Pension plan accruals and contributions | $13,320 |
| Other employee benefits | $16,902 |
| Payroll taxes | $7,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $827 |
| Fees for services: Accounting | $2,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $429 |
| Office expenses | $3,561 |
| 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 | $100 |
| Total functional expenses | $266,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,182 |
| Savings and temporary cash investments | $16,726 |
| 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 | $1,397 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,506,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,799 |
| Total assets | $1,699,355 |
| 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 | $1,846 |
| Total liabilities | $1,846 |
| Net assets without donor restrictions | $1,213,451 |
| Net assets with donor restrictions | $484,058 |
| 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 | $1,699,355 |
Grants Awarded
Over the last fiscal year, Monroe County Public Library Foundation Inc has awarded $98,301 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MONROE CO PUBLIC LIBRARYMONROE CO PUBLIC LIBRARY PURPOSE: ADULT SVC & PROGRAMS | $9,570 |
MONROE CO PUBLIC LIBRARYMONROE CO PUBLIC LIBRARY PURPOSE: ADMINISTRATION | $12,061 |
MONROE CO PUBLIC LIBRARYMONROE CO PUBLIC LIBRARY PURPOSE: CHILDRENS SVC & PRGM | $10,315 |
MONORE CO PUBLIC LIBRARYMONROE CO PUBLIC LIBRARY PURPOSE: SPECIAL AUDIENCES | $5,210 |
MONORE CO PUBILC LIBRARYMONROE CO PUBLIC LIBRARY PURPOSE: STAFF DEVELOPMENT | $9,841 |
MONROE CO PUBLIC LIBRARYMONROE CO PUBLIC LIBRARY PURPOSE: LIBRARY WIDE INTVS | $23,245 |