Foundation For Bayport Public Library
- Assets
- $1.3m
- Revenue
- $300.9k
- Investments
- $0.0
- Employees
- 25
- Location
- Bayport, MN
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 41-1672259
Organization Overview
Foundation For Bayport Public Library is located in Bayport, MN. The organization was established in 1991. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Foundation For Bayport Public Library employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Bayport 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 12/2021, Foundation For Bayport Public Library generated $300.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $193.0k during the year ending 12/2021. While expenses have increased by 11.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPLEMENTAL ASSISTANCE FOR LIBRARY PROGRAMS AND SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLEMENTAL ASSITANCE FOR LIBRARY PROGRAMS AND SERVICES, INCLUDING, BUT NOT LIMITED TO SUMMER AND SPECIAL PROGRAMS; PROVIDING BOOKS, AUDIO BOOKS, MAGAZINES AND NEWS PAPERS; HOSPITALITY RELATED GOODS AND MATERIALS; AND OTHER ENHANCEMENTS TO THE BAYPORT PUBLIC LIBRARY.
PROVIDE BAYPORT PUBLIC LIBRARY FUNDS FOR OPERATIONS.
PROVIDE SUPPLEMENTAL FUNDS FOR THE OPERATIONS OF BAYPORT PUBLIC LIBRARY.
CONFERENCES, CONVENTIONS, MEETINGS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Ness Vice Preside | OfficerTrustee | 1 | $0 |
Barb Heitkamp Secretary | OfficerTrustee | 1 | $0 |
Sarah Andersen President | OfficerTrustee | 1 | $0 |
Alex Zeien Treasurer | OfficerTrustee | 1 | $0 |
Marie Hydukovich Director | Trustee | 1 | $0 |
Bradley Peterson Director | Trustee | 1 | $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 | $143,560 |
| Noncash contributions included in lines 1a–1f | $10,025 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,560 |
| Total Program Service Revenue | $0 |
| Investment income | $30,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $126,435 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,869 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $25 |
| Fees for services: Accounting | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,569 |
| Fees for services: Other | $185,974 |
| 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 | $192,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$3 |
| 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 | $1,293,991 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,293,988 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,293,991 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$3 |
| Total liabilities and net assets/fund balances | $1,293,988 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Foundation For Bayport Public Library has recieved totaling $110,251.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $100,000 |
Hrk Foundation St Paul, MN PURPOSE: CAPITAL | $10,058 |
Tozer Foundation Inc Lake Elmo, MN PURPOSE: GENERAL SUPPORT | $100 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tenant Resource Center Inc Madison, WI | $4,020,377 | $17,889,286 |
Arrowhead Library System Mountain Iron, MN | $7,916,564 | $3,392,560 |
Little Free Library Ltd St Paul, MN | $2,366,645 | $3,222,101 |
The Charlemagne Institute Bloomington, MN | $4,134,253 | $802,178 |
Traverse Des Sioux Library System Mankato, MN | $2,660,505 | $1,793,930 |
Hoover Presidential Foundation West Branch, IA | $16,155,016 | $4,574,597 |
Mary T And James J Hill Library Foundation St Paul, MN | $19,858,073 | $1,320,140 |
Casa Alba Melanie Hispanic Community Resource Center Of Green Green Bay, WI | $2,058,613 | $776,990 |
Iowa City Public Library Friends Foundation Iowa City, IA | $2,098,660 | $390,519 |
Maquoketa Library Corporation Maquoketa, IA | $2,024,711 | -$199,263 |
Duluth Library Foundation Duluth, MN | $1,948,980 | $685,085 |
Action Resource Center Stanley, ND | $94,885 | $266,773 |