Minnesota Association Of Library Friends
- Assets
- $547.2k
- Revenue
- $42.0k
- Investments
- $501.3k
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 09/1982
- Data as of
- 12/2021
- EIN
- 41-1423551
Organization Overview
Minnesota Association Of Library Friends is located in St Paul, MN. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Association Of Library Friends 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, Minnesota Association Of Library Friends generated $42.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $43.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER COMMUNICATION AND INFORMATION CONTINUES TO BE A PRIMARY FOCUS OF THE ORGANIZATION AND IS EVER-EXPANDING WITH SOCIAL MEDIA AND INTERNET - BASED COMMUNICATION CAPABILITIES. THE NEWSLETTER CONTINUES TO BE A PART OF THESE EFFORTS AND IS SENT TO 160 MEMBERS, LIBRARIES, AND LIBRARY ASSOCIATIONS. ELECTRONIC COMMUNICATION HAS BECOME A MORE IMPORTANT COMPONENT OF HOW THE ORGANIZATION KEEPS MEMBERS AND THE BROADER MINNESOTA LIBRARY COMMUNITIES INFORMED ABOUT DEVELOPMENTS AFFECTING LIBRARY FRIENDS AND THEIR LIBRARIES. THE ORGANIZATION'S GRANT OPPORTUNITIES ARE ALSO MADE AVAILABLE THROUGH ALL THESE COMMUNITY COMMUNICATION SERVICES. NEWSLETTER PRODUCTION AND MAILING COSTS COMPRISED $1,932 OF THE TOTAL PROGRAM COST OF $8,261.
THE WORKSHOP PROGRAM WAS ESTABLISHED IN 2012 AND DELIVERS WORKSHOPS THROUGHOUT THE STATE WHICH STRESS STRATEGY AND ACTION FOR LIBRARIES AND LIBRARY FRIENDS ORGANIZATIONS. IN 2019 FREE WORKSHOPS ENTITLED "STORMING THE FORTS: LIBRARY SERVICES ON THE MOVE" WERE PROVIDED IN THREE MINNESOTA COMMUNITIES. OVER 73 ATTENDEES LEARNED DIFFERENT WAYS TO SHARE THEIR LIBRARY STORIES AND GENERATE SUPPORT FOR THEIR PROGRAMS THROUGH EFFECTIVE ADVOCACY EFFORTS. PARTICIPANTS ALSO NETWORKED AND SHARED IDEAS WITH OTHER ORGANIZATIONS FACING SIMILAR CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Eaton President | 6 | $0 | |
Nancy Walton Vice President | 4 | $0 | |
Sue Grove Vp, Programming | 4 | $0 | |
Lynne Young Secretary | 4 | $0 | |
Roseanne Bryne Director | 2 | $0 | |
Ed Fagerlund Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,585 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,829 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,528 |
| Capital Gain Net Income | $26,528 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,045 |
| Total Revenue | $41,987 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $159 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $440 |
| Printing and publications | $0 |
| Other expenses | $32,310 |
| Total operating and administrative expenses | $37,327 |
| Contributions, gifts, grants paid | $6,500 |
| Total expenses and disbursements | $43,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,176 |
| Savings and temporary cash investments | $34,737 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $75 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $547,243 |
| Accounts payable and accrued expenses | $3,174 |
| Grants payable | $0 |
| Deferred revenue | $1,050 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,224 |
Grants Awarded
Over the last fiscal year, Minnesota Association Of Library Friends has awarded $6,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Austin, MN PURPOSE: EVY NORDLEY AWARD FOR BEST PROJECT | $1,000 |
Lakeville, MN PURPOSE: CHRIS D. OLSON EVENT & PROGRAMMING GRANT | $500 |
Grand Rapids, MN PURPOSE: EVY NORDLEY AWARD FOR BEST PROJECT | $500 |
Minneapolis, MN PURPOSE: COVID-19 RELIEF | $400 |
Austin, MN PURPOSE: COVID-19 RELIEF | $400 |
DULUTH FRIENDS OF THE LIBRARY PURPOSE: COVID-19 RELIEF | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |
Hmong Education Reform Company St Paul, MN | $74,819,992 | $9,901,803 |
Isu Veterinary Services Corporation Des Moines, IA | $3,723,871 | $7,166,183 |
University Of Wisconsin Green Bay Foundation Inc Green Bay, WI | $63,454,275 | $9,667,784 |
University Of Minnesota Foundation Investment Advisors Minneapolis, MN | $2,748,098 | $5,244,210 |