Friends Of The Troy Public Library
- Assets
- $455.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, MI
- Founding
- 06/1964
- Data as of
- 06/2022
- EIN
- 38-6091389
Organization Overview
Friends Of The Troy Public Library is located in Troy, MI. The organization was established in 1964. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Troy Public 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 06/2022, Friends Of The Troy Public Library generated $66.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $62.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Church President | 5 | $0 | |
Mary Lynn Bowen Vice President | 3 | $0 | |
Wendy Quick Secretary | 2 | $0 | |
Laurie Church Treasurer | 3 | $0 | |
Jeffrey Marraccini Director | 2 | $0 | |
Janeen Miller Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,502 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,506 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,399 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $7,880 |
| Printing, publications, postage, and shipping | $199 |
| Other expenses | $7,434 |
| Total expenses | $62,011 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $429,034 |
| Other assets | $0 |
| Total assets | $455,405 |
| Total liabilities | $0 |
| Net assets or fund balances | $455,405 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Troy Public Library has recieved totaling $23.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
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 |