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 12/2021, Duluth Library Foundation employed 3 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 12/2021, Duluth Library Foundation generated $685.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $340.1k during the year ending 12/2021. While expenses have increased by 11.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 THE 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 2021 THE FOUNDATION MADE CHARITABLE GIFTS TO THE DULUTH PUBLIC LIBRARY TOTALING $193,980. $65,994 WAS GIFTED TO THE DULUTH PUBLIC LIBRARY FOR CURRENT LIBRARY NEEDS INCLUDING A NUMBER OF RESTRICTED PASS THROUGH GRANTS. $127,985 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
Patricia Sevastiades
Executive Director (thru June)
$27,463
Erin Kreeger
Executive Director
$22,477
Amy Kuronen
Presdient
$0
David Sproat MD
Past Presdient
$0
Sherry Hall
Vice President
$0
Michael Altman
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$28,173
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$419,326
Noncash contributions included in lines 1a–1f $172,430
Total Revenue from Contributions, Gifts, Grants & Similar$447,499
Total Program Service Revenue$0
Investment income $60,683
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $188,191
Net Income from Fundraising Events -$11,288
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $685,085

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Duluth Library Foundation has recieved totaling $139,109.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$35,000
Raft Charitable Foundation

Sioux Falls, SD

PURPOSE: GENERAL OPERATING

$30,000
Wildey H Mitchell Family Foundation

Duluth, MN

PURPOSE: CHARITABLE

$25,000
Ordean Foundation

Duluth, MN

PURPOSE: EVERY CHILD READY DULUTH PROGRAM

$20,000
Mightycause Charitable Foundation

Marianna, FL

PURPOSE: UNRESTRICTED

$10,986
Mardag Foundation

St Paul, MN

PURPOSE: EVERY CHILD READY DULUTH

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,966,389
Earnings$470,577
Admin Expense$20,655
Net Contributions$50,000
Other Expense$33
Grants$26,387
Ending Balance$2,439,891

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