Friends Of The Troy Public Library
- Assets
- $459.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, MI
- Founding
- 06/1964
- Data as of
- 06/2023
- 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 06/2023, Friends Of The Troy Public Library generated $94.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $90.8k during the year ending 06/2023. While expenses have increased by 6.5% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Church President | 4 | $0 | |
Mary Lynn Bowen Vice President | 4 | $0 | |
Laurie Church Treasurer | 4 | $0 | |
Wendy Quick Secretary | 2 | $0 | |
Jeffrey Marraccini Director | 2 | $0 | |
Lynda Belian Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,699 |
| Total Program Service Revenue | $0 |
| Membership dues | $495 |
| Investment income | $47,364 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $94,942 |
| 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 | $6,662 |
| Printing, publications, postage, and shipping | $210 |
| Other expenses | $10,023 |
| Total expenses | $90,773 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $439,865 |
| Other assets | $0 |
| Total assets | $459,574 |
| Total liabilities | $0 |
| Net assets or fund balances | $459,574 |