Friends Of The Ramsey County Libraries
- Assets
- $3.6m
- Revenue
- $2.9m
- Investments
- $117.5k
- Employees
- 3
- Location
- Shoreview, MN
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 41-1597085
Organization Overview
Friends Of The Ramsey County Libraries is located in Shoreview, MN. The organization was established in 1992. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Friends Of The Ramsey County Libraries employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Ramsey County Libraries 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 12/2022, Friends Of The Ramsey County Libraries generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $342.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN, SUPPORT AND ADVOCATE FOR THE RAMSEY COUNTY LIBRARY SYSTEM IN ORDER TO ENRICH THE LIVES OF OUR LIBRARY USERS, TO PROMOTE LITERACY AND EDUCATION, AND TO FOSTER COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAMSEY COUNTY LIBRARY (RCL) COLLECTIONS GRANT: THIS GRANT ENABLED THE LIBRARY TO PROVIDE SUPPLEMENTARY FUNDS TO THE COLLECTION AREAS AT ALL SEVEN RAMSEY COUNTY LIBRARY LOCATIONS: MAPLEWOOD, MOUNDSVIEW, NEW BRIGHTON, NORTH ST. PAUL, ROSEVILLE, SHOREVIEW AND WHITE BEAR LAKE. THESE FUNDS ALLOWED ADDITIONAL EXPENDITURES AS FOLLOWS: 15,000 ADULT FICTION; 10,000 TO GENRE FICTION; 14,000 TO ADULT NON-FICTION; 10,000 TO JUVENILE FICTION AND 10,000 TO EASY (PICTURE BOOK) FICTION.
RAMSEY COUNTY LIBRARY PROGRAM GRANT : CHILDRENS SUMMER LEARNING PROGRAM (22,000); TEEN SUMMER LEARNING PROGRAM (16,000); ADULT PROGRAMS (1,000); CHILDREN AND TEEN PROGRAM SUPPLIES- (20,000)
RAMSEY COUNTY LIBRARY MISCELLANEOUS GRANT:OUTREACH SERVICES (3,000); TRANSLATION SERVICES (3,000); EMPLOYEE DEVELOPMENT (2,500);MICELLANEOUS (2,000) LIBRARY COMMUNICATIONS(1,500)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Flynn Worley Executive Di | OfficerTrustee | 30 | $70,933 |
Ann Trapnell Past Preside | OfficerTrustee | 1 | $0 |
Gregory Bromen Treasurer | OfficerTrustee | 1 | $0 |
Valerie Wise President | OfficerTrustee | 1 | $0 |
Catherine Croghan Secretary | OfficerTrustee | 1 | $0 |
Pam Harris Vice Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $56,424 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,665,905 |
| Noncash contributions included in lines 1a–1f | $256,529 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,722,329 |
| Total Program Service Revenue | $59,173 |
| Investment income | $32,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $46,763 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,860,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $132,885 |
| 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. | $70,934 |
| Compensation of current officers, directors, key employees. | $42,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,863 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,660 |
| 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 | $6,721 |
| Information technology | $8,444 |
| Royalties | $0 |
| Occupancy | $3,222 |
| Travel | $1,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,625 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,046 |
| Insurance | $1,676 |
| All other expenses | $0 |
| Total functional expenses | $342,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $716,564 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $587,737 |
| 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 | $4,488 |
| Investments—publicly traded securities | $2,201,084 |
| Investments—other securities | $117,542 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,627,415 |
| Accounts payable and accrued expenses | $1,007 |
| 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 | $15,833 |
| Total liabilities | $16,840 |
| Net assets without donor restrictions | $816,892 |
| Net assets with donor restrictions | $2,793,683 |
| 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 | $3,627,415 |