Madison Public Library Foundation Inc
- Assets
- $11.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Madison, WI
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 39-1777242
Organization Overview
Madison Public Library Foundation Inc is located in Madison, WI. The organization was established in 1994. 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 12/2021, Madison Public Library Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison 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, Madison Public Library Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 2.3% 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.
Since 2015, Madison Public Library Foundation Inc has awarded 25 individual grants totaling $6,080,913. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MOBILIZE THE MADISON COMMUNITY TO CONTINUOUSLY IMPROVE, PROMOTE, AND SUPPORT MADISON PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOOK FESTIVAL: THE FOUNDATION ORGANIZES AN ANNUAL BOOK FESTIVAL IN MADISON.
GRANTS AND LIBRARY PROGRAMMING: THE FOUNDATION PROVIDES GRANTS TO FUND LIBRARY PROGRAMS, SERVICES, COLLECTIONS, AND CAPITAL FACILITY IMPROVEMENTS. IT ALSO PRODUCES AND DISTRIBUTES QUARTERLY NEWSLETTERS, ASSISTS IN DEVELOPING LIBRARY PROGRAMS THAT THE FOUNDATION HELPS TO FUND, AND PUBLICIZES EDUCATIONAL PROGRAMS.
CAPITAL CAMPAIGN FOR LIBRARIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffress Jennifer Executive Director | OfficerTrustee | 40 | $148,300 |
Clefisch Heather President | OfficerTrustee | 1 | $0 |
Bote Ron Treasurer | OfficerTrustee | 1 | $0 |
Younkle Susie Immediate Past President | OfficerTrustee | 1 | $0 |
Arntsen Allen Immediate Past President (term Ended Oct 2021) | OfficerTrustee | 1 | $0 |
Salman Tanya Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $118,221 |
| Related organizations | $0 |
| Government grants | $81,240 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,253,600 |
| Noncash contributions included in lines 1a–1f | $34,387 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,453,061 |
| Total Program Service Revenue | $0 |
| Investment income | $2,397 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,609 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,461,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $643,184 |
| 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. | $173,531 |
| Compensation of current officers, directors, key employees. | $28,301 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,175 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,301 |
| Payroll taxes | $29,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,426 |
| Advertising and promotion | $67,894 |
| Office expenses | $34,626 |
| Information technology | $7,411 |
| Royalties | $0 |
| Occupancy | $5,000 |
| Travel | $3,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,710 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,214 |
| Insurance | $5,556 |
| All other expenses | $0 |
| Total functional expenses | $1,424,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,378,684 |
| Savings and temporary cash investments | $721,771 |
| Pledges and grants receivable | $657,678 |
| 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 | $19,264 |
| Net Land, buildings, and equipment | $8,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,736,705 |
| Total assets | $11,522,406 |
| Accounts payable and accrued expenses | $64,958 |
| 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 | $64,958 |
| Net assets without donor restrictions | $7,602,136 |
| Net assets with donor restrictions | $3,855,312 |
| 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 | $11,522,406 |
Grants Awarded
Over the last fiscal year, Madison Public Library Foundation Inc has awarded $643,184 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MADISON PUBLIC LIBRARY PURPOSE: VARIOUS GRANTS FOR NEIGHBORHOOD LIBRARIES | $296,602 |
MADISON PUBLIC LIBRARY PURPOSE: BOARD DESIGNATED GRANTS | $267,969 |
MADISON PUBLIC LIBRARY PURPOSE: DREAM BUS | $78,613 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Madison Public Library Foundation Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Irving And Dorothy Levy Family Foundation Inc Madison, WI PURPOSE: CIVIC AND COMMUNITY SERVICE | $30,000 |
Conroy Family Foundation Inc Madison, WI PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $7,484,365 |
| Earnings | $1,349,301 |
| Net Contributions | $151,276 |
| Other Expense | $248,237 |
| Ending Balance | $8,736,705 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grand Rapids Community College Foundation Grand Rapids, MI | $37,079,013 | $9,829,978 |
Christian Schools International Insurance Plan And Trust Fund Grandville, MI | $5,188,497 | $9,699,281 |
Saginaw Valley State University Foundation University Center, MI | $94,804,323 | $8,609,845 |