Duluth Library Foundation

Organization Overview

Duluth Library Foundation is located in Duluth, MN. The organization was established in 1995. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2022, Duluth Library Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duluth Library Foundation 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, Duluth Library Foundation generated $417.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $304.0k during the year ending 12/2022. While expenses have increased by 8.4% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE THE WORK OF THE DULUTH PUBLIC LIBRARY AND SUSTAIN A STRONG LIBRARY SYSTEM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE DULUTH LIBRARY FOUNDATION ENHANCES OUR LIBRARY'S ABILITY TO LEAD, INNOVATE, AND REACH OUT TO THE COMMUNITY, THUS HELPING THE DULUTH PUBLIC LIBRARY ADDRESS EMERGING COMMUNITY NEEDS AND PROVIDE OPPORTUNITIES FOR LITERACY AND LIFELONG LEARNING. WE ENERGIZE AND MOBILIZE DONORS, COMMUNITY LEADERS, AND OTHERS WHO ARE PASSIONATE ABOUT LIBRARIES. THEIR GIFTS, LARGE AND SMALL, FROM INDIVIDUALS, FOUNDATIONS, AND BUSINESSES- ENABLE US TO INVEST IN IMPORTANT DULUTH PUBLIC LIBRARY INITIATIVES THAT WOULD OTHERWISE GO UNFUNDED. IN 2022 THE FOUNDATION MADE CHARITABLE GIFTS TO THE DULUTH PUBLIC LIBRARY TOTALING $136,577. $106,936 WAS GIFTED TO THE DULUTH PUBLIC LIBRARY FOR CURRENT LIBRARY NEEDS INCLUDING A NUMBER OF RESTRICTED PASS THROUGH GRANTS. $29,641 WAS GIFTED TO THE DULUTH PUBLIC LIBRARY FOR THE EVERY CHILD READY DULUTH INITIATIVE.


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Board, Officers & Key Employees

Name (title)Compensation
David Moeller
Presdient
$0
David Sproat MD
Past Presdient
$0
Matt Rosendahl
Vice President
$0
Michael Altman
Treasurer
$0
Jennifer Berges
Director
$0
Douglas Bremer
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$33,873
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$273,212
Noncash contributions included in lines 1a–1f $48,978
Total Revenue from Contributions, Gifts, Grants & Similar$307,085
Total Program Service Revenue$0
Investment income $69,170
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $68,209
Net Income from Fundraising Events -$27,436
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $417,028

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Redlou Inc
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Oak Creek Public Library Foundation Inc
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Kenosha Public Library Foundation Inc
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