Farmington Friends Of The Library Inc
- Assets
- $636.7k
- Revenue
- $83.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 04/1959
- Data as of
- 12/2021
- EIN
- 38-2287592
Organization Overview
Farmington Friends Of The Library Inc is located in Farmington Hills, MI. The organization was established in 1959. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmington Friends Of The Library 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 12/2021, Farmington Friends Of The Library Inc generated $83.3k 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 (4.6%) each year. All expenses for the organization totaled $49.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS ACTIVELY WORK TO STRENGTHEN THE FARMINGTON COMMUNITY LIBRARY BY ADVOCATING AND SEEKING FUNDING TO HELP THE LIBRARY MEET ITS GOALS OF PROMOTING LITERACY, PROVIDING AN EDUCATIONAL ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTED MONEY TO FARMINGTON COMMUNITY LIBARY FOR PURCHASES OF PROGRAMS BOOKS EQUIPMENT AND MATERIALS FOR WHICH LIBRARY FUNDS WOULD BE INSUFFICIENT. ALL LIBRARY PATRONS BENEFITED
PURCHASED TECHNOLOGY EQUIPMENT AND ACTIVITY MATERIALS FOR USE BY LIBRARY PATRONS. ALL LIBRARY PATRONS BENEFITED.
PURCHASES OF TECHNOLOGY EQUIPMENT WIFI HOT SPOTS AND SERVICES TO BENEFIT ALL LIBRARY PATRONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Galens Secretary | OfficerTrustee | 2 | $0 |
Bonnie King Vice President | OfficerTrustee | 2 | $0 |
Stacie Charlesboisnordan President | OfficerTrustee | 2 | $0 |
Maria Mainero Treasurer | OfficerTrustee | 2 | $0 |
Dawn Geer Director | Trustee | 2 | $0 |
Gerald Bosler Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $47,897 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,397 |
| Total Program Service Revenue | $2,442 |
| Investment income | $17,458 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,297 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,142 |
| 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 | $350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,685 |
| Office expenses | $0 |
| 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 | $0 |
| Total functional expenses | $49,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,670 |
| Savings and temporary cash investments | $50,016 |
| 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 | $538,001 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $636,687 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $80,000 |
| 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 | $80,000 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $636,687 |
Grants Awarded
Over the last fiscal year, Farmington Friends Of The Library Inc has awarded $122,054 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FARMINGTON COMMUNITY LIBRARY PURPOSE: PROGRAMS BOOKS ETC | $54,027 |
FARMINGTON COMMUNITY LIBRARY PURPOSE: PROGRAMS BOOKS ETC | $54,027 |
FARMINGTON PUBLIC SCHOOLS PURPOSE: SCHOOL PROGRAM BOOKS | $7,000 |
FARMINGTON PUBLIC SCHOOLS PURPOSE: SCHOOL PROGRAM BOOKS | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Farmington Friends Of The Library Inc has recieved totaling $14,418.
| Awarding Organization | Amount |
|---|---|
Bosch Community Fund Farmington Hills, MI PURPOSE: LIBRARY ACCESS TO ALL | $14,047 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $271 |
Cliff & Marilyn Weisberg Family Foundation Southfield, MI PURPOSE: GENERAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $524,439 |
| Ending Balance | $538,001 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Willard Library Battle Creek, MI | $5,504,980 | $5,978,429 |
Willard Library Of Evansville Evansville, IN | $2,845,085 | $1,302,512 |
Hoyt Trust Saginaw, MI | $13,312,387 | $317,292 |
Galion Public Library Association Galion, OH | $2,277,244 | $693,780 |
Mabel Tainter Literary Library & Educational Society Menomonie, WI | $4,637,206 | $653,036 |
Peninsula Library & Historical Society Peninsula, OH | $2,480,822 | $546,522 |
Ligonier Public Library Ligonier, IN | $2,052,265 | $370,383 |
Detroit Public Library Friends Foundation Inc Detroit, MI | $4,265,630 | $310,193 |
Southeastern Wisconsin Information Technology Exchange Inc Milwaukee, WI | $184,005 | $425,122 |
Cleveland Public Library Foundation Cleveland, OH | $692,602 | $436,979 |
Lepper Library Association Lisbon, OH | $566,262 | $540,764 |
Friends Of The Public Library Of Cincinnati And Hamilton County Cincinnati, OH | $1,019,394 | $420,212 |