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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kristi Pearson CEO | Officer | 40 | $166,934 |
Adam Breininger COO | 40 | $113,187 | |
Rosa Marroquin President | OfficerTrustee | 1 | $0 |
Mohammed Lawal Vice President | OfficerTrustee | 1 | $0 |
Jonathan Gaw Treasurer | OfficerTrustee | 1 | $0 |
Julia Dayton Klein Secretary | OfficerTrustee | 1 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,300,000 |
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. | $179,019 |
Compensation of current officers, directors, key employees. | $17,902 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $636,958 |
Pension plan accruals and contributions | $19,801 |
Other employee benefits | $63,293 |
Payroll taxes | $56,636 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $14,257 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $68,225 |
Fees for services: Other | $107,583 |
Advertising and promotion | $36,156 |
Office expenses | $234,953 |
Information technology | $48,047 |
Royalties | $0 |
Occupancy | $0 |
Travel | $4,045 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $8,757 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $27,840 |
Insurance | $3,403 |
All other expenses | $0 |
Total functional expenses | $4,015,277 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $332,135 |
Savings and temporary cash investments | $859,380 |
Pledges and grants receivable | $52,760 |
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 | $39,454 |
Net Land, buildings, and equipment | $6,663 |
Investments—publicly traded securities | $6,753,854 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $8,044,246 |
Accounts payable and accrued expenses | $87,050 |
Grants payable | $0 |
Deferred revenue | $215,698 |
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 | $302,748 |
Net assets without donor restrictions | $6,255,090 |
Net assets with donor restrictions | $1,486,408 |
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 | $8,044,246 |