Friends Of The Hennepin County Library

Organization Overview

Friends Of The Hennepin County Library is located in Minneapolis, MN. The organization was established in 1989. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2023, Friends Of The Hennepin County Library employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Hennepin County Library 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, Friends Of The Hennepin County Library generated $4.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 9.5% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

BUILD AWARENESS, APPRECIATION AND SUPPORT FOR OUR WORLD CLASS LIBRARY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LIBRARY SUPPORT: AS THE LIBRARY'S NONPROFIT FUNDRAISING PARTNER, FHCL BUILDS LIBRARY AWARENESS AND APPRECIATION THROUGH COMPELLING STORYTELLING AND RAISES SIGNIFICANT FINANCIAL RESOURCES FOR LIBRARY STRATEGIC PRIORITIES, INCLUDING WORKFORCE DEVELOPMENT, COMMUNITY OUTREACH, YOUTH DEVELOPMENT AND THE WORLD CLASS COLLECTION. TOGETHER, WE ENVISION A HENNEPIN COUNTY WHERE LIBRARY SERVICES ENSURE THAT EVERY PERSON HAS THE OPPORTUNITY AND RESOURCES TO READ, GRADUATE, ENGAGE, WORK AND LEARN.


PEN PALS: PEN PALS IS THE HIGHLY ACCLAIMED, LONGEST RUNNING LITERARY SERIES IN THE TWIN CITIES FEATURING AWARD-WINNING, BEST-SELLING AUTHORS WHO SPEAK ON THEIR LIFE AND WORK AS WRITERS. THIS AUTHOR LECTURE SERIES GENERATES INCOME SUPPORTING THE ORGANIZATION'S MISSION. THIRTY VOLUNTEERS ASSISTED STAFF AT FOUR IN-PERSON EVENTS, CONTRIBUTING 244 HOURS TO THE PROGRAM. IN 2023, 4,100 PEOPLE ATTENDED IN-PERSON EVENTS, AND 3,413 HOUSEHOLDS ATTENDED VIRTUAL LIVESTREAM PROGRAMS OR ON-DEMAND RECORDINGS.


PUBLIC AWARENESS AND DONOR ENGAGEMENT: TALK OF THE STACKS IS A FREE AUTHOR LECTURE SERIES PRODUCED BY FRIENDS WITH GUEST AUTHORS WHO FOCUS ON CONTEMPORARY LITERATURE AND CULTURE ACROSS AN ARRAY OF SOCIAL, ECONOMIC AND GLOBAL TOPICS. THE 2023 SEASON INCLUDED FOUR IN-PERSON EVENTS, THAT ALSO OFFERED A VIRTUAL LIVESTREAM OPTION, AND ONE VIRTUAL-ONLY PROGRAM. IN TOTAL, 629 PEOPLE ATTENDED IN-PERSON EVENTS, 1,195 HOUSEHOLDS ATTENDED VIRTUAL PROGRAMS AND 1,683 ACCESSED ON-DEMAND RECORDINGS THROUGHOUT THE YEAR AT NO COST. IN ADDITION TO THESE PROGRAMS, THREE AUTHOR/BOOK CLUB PANEL EVENTS WERE PRODUCED WITH 185 PEOPLE ATTENDING IN-PERSON, 484 HOUSEHOLDS ATTENDING VIRTUALLY, AND ANOTHER 454 ATTENDEES VIEWING THE ON-DEMAND RECORDING THEREAFTER. (CONTINUED ON SCHEDULE O)FINALLY, TWO LIBRARY ART GALLERY RECEPTION EVENTS WERE ATTENDED BY 222 GUESTS. FURTHER PUBLIC AWARENESS PIECES ON BEHALF OF THE LIBRARY SYSTEM: 4,800 PRINTED EVENT GUIDES WERE DISTRIBUTED TO AUDIENCE MEMBERS AT THE FOUR IN-PERSON PEN PALS EVENTS AND FOUR IN-PERSON TALK OF THE STACKS EVENTS, AND 1,737 ATTENDEES ACCESSED VIRTUAL EVENT GUIDES. MORE THAN 26,305 PRINT NEWSLETTERS WERE DISTRIBUTED. 80+ EMAIL COMMUNICATIONS WERE SENT TO 26,139 E-NEWS SUBSCRIBERS. SOCIAL MEDIA FOLLOWERS (FACEBOOK, INSTAGRAM, TWITTER, LINKEDIN) GREW TO 12,679 SUBSCRIBERS, AND FHCL WEBSITE ACCESS GREW TO 128,996 VISITORS.


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Board, Officers & Key Employees

Name (title)Compensation
Kristi Pearson
CEO
$166,934
Adam Breininger
COO
$113,187
Rosa Marroquin
President
$0
Mohammed Lawal
Vice President
$0
Jonathan Gaw
Treasurer
$0
Julia Dayton Klein
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $82,000
All other contributions, gifts, grants, and similar amounts not included above$3,145,457
Noncash contributions included in lines 1a–1f $187,000
Total Revenue from Contributions, Gifts, Grants & Similar$3,227,457
Total Program Service Revenue$492,227
Investment income $205,011
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $181,024
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,105,719

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