Hedberg Public Library Foundation Inc
- Assets
- $1.4m
- Revenue
- $148.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Janesville, WI
- Founding
- 07/1980
- Data as of
- 12/2021
- EIN
- 39-1348109
Organization Overview
Hedberg Public Library Foundation Inc is located in Janesville, WI. The organization was established in 1980. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hedberg Public Library Foundation 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, Hedberg Public Library Foundation Inc generated $148.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $117.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 5 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
THE PURPOSE OF THE ORGANIZATION IS TO FOCUS PUBLIC ATTENTION ON LIBRARY SERVICES AND PROVIDE A CONDUIT FOR CONTRIBUTION OF BOOKS, DESIRABLE COLLECTIONS, ENDOWMENTS, AND BEQUESTS TO JANESVILLE'S HEDBERG PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUIT FOR CONTRIBUTION OF BOOKS, DESIRABLE COLLECTIONS TO JANESVILLE'S HEDBERG PUBLIC LIBRARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Otts Director | OfficerTrustee | 0 | $0 |
Burdette Richter President | Officer | 0 | $0 |
Marcus Meiklejohn Treasurer | Officer | 0 | $0 |
Bryan Mccormick Secretary | Officer | 0 | $0 |
Lara Polk Vice President | Officer | 0 | $0 |
Charles Teval Co-Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,872 |
| Total Program Service Revenue | $0 |
| Investment income | $42,004 |
| 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 | $148,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,142 |
| 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 | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $117,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,049 |
| Savings and temporary cash investments | $0 |
| 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 | $1,374,101 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,414,150 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,414,150 |
| 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 | $1,414,150 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hedberg Public Library Foundation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Hedberg Foundation Inc Lake Forest, IL PURPOSE: SUPPORTING THE HEDBERG PUBLIC LIBRARY | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Collaborative For Library Services Inc Lansing, MI | $15,149,263 | $26,161,639 |
Willard Library Battle Creek, MI | $5,504,980 | $5,978,429 |
Chicago Public Library Foundation Chicago, IL | $39,161,773 | $5,601,419 |
Southeastern Libraries Cooperating Rochester, MN | $3,251,693 | $3,092,021 |
Illinois Library Association Chicago, IL | $3,523,138 | $2,926,047 |
Hoyt Trust Saginaw, MI | $13,312,387 | $317,292 |
Mabel Tainter Literary Library & Educational Society Menomonie, WI | $4,637,206 | $653,036 |
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 |
Wisconsin Library Association Inc Monona, WI | $443,421 | $444,670 |
Grand Rapids Public Library Foundation Grand Rapids, MI | $5,963,728 | $901,306 |
Friends Of Appleton Library Incorporated Appleton, WI | $2,411,816 | $566,994 |