Friends Of The St Paul Public Library
- Assets
- $19.1m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Saint Paul, MN
- Founding
- 07/1960
- Data as of
- 12/2023
- EIN
- 41-6029683
Organization Overview
Friends Of The St Paul Public Library is located in Saint Paul, MN. The organization was established in 1960. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2023, Friends Of The St Paul Public Library employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The St Paul 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 12/2023, Friends Of The St Paul Public Library generated $3.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDS OF THE SAINT PAUL PUBLIC LIBRARY ACTS AS A CATALYST FOR LIBRARIES TO STRENGTHEN AND INSPIRE THEIR COMMUNITIES. AS AN INDEPENDENT, NONPROFIT ORGANIZATION, THE FRIENDS INVESTS LOCALLY IN THE LIBRARY THROUGH FUNDRAISING, ADVOCACY, AND PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING. THE FRIENDS ANNUALLY INVESTS IN OUR LIBRARY THROUGH FUNDRAISING, ADVOCACY, AND PROGRAMMING. WE FUNCTION AS THE SAINT PAUL PUBLIC LIBRARY'S FOUNDATION, MANAGING MORE THAN $16 MILLION IN ENDOWMENT ASSETS. THE FRIENDS SENT $655,000 TO THE LIBRARY IN 2023, INCLUDING $120,000 IN UNRESTRICTED FUNDS. THIS REPRESENTS 3% OF THE LIBRARY'S ANNUAL OPERATING BUDGET. FRIENDS ANNUAL FUNDRAISING SUPPORTS ONGOING LIBRARY PRIORITIES SUCH AS INNOVATION THROUGH PILOT PROGRAMS, CHILDREN AND FAMILY ENGAGEMENT, AND DIGITAL EQUITY AND ECONOMIC INCLUSION. IN 2023, THE FRIENDS ESTABLISHED A NEW CHILDREN, YOUTH, AND FAMILY ENDOWMENT TO SUPPORT THE LIBRARY'S WORK ON BEHALF OF SAINT PAUL CHILDREN AND FAMILIES IN PERPETUITY.
ADVOCACY. IN 2023, FRIENDS ADVOCACY EFFORTS CONTRIBUTED TO AN INCREASED ALLOCATION OF $150,000 TOWARD SPENDING ON LIBRARY COLLECTIONS IN THE 2024 LIBRARY BUDGET. THIS IS IN RECOGNITION OF THE DIMINISHING PURCHASING POWER OF A STAGNANT COLLECTIONS BUDGET, GIVEN GENERAL INFLATION FOR ALL MATERIALS AS WELL AS THE INCREASED COSTS AND PATRON DEMAND FOR E-BOOKS. THE FRIENDS ALSO SUCCESSFULLY ADVOCATED FOR DEDICATED FUNDING TO SUPPORT OUR PROGRAMMING AS MINNESOTA'S CENTER FOR THE BOOK, A LIBRARY OF CONGRESS DESIGNATION, THROUGH AN APPROPRIATION FROM THE MINNESOTA STATE LEGISLATURE.
PROGRAMMING. THE FRIENDS CONTINUED OUR SIGNATURE PROGRAMS AND EVENTS IN 2023 WITH A MIX OF IN PERSON, VIRTUAL, AND HYBRID PROGRAMMING. AS MINNESOTA'S CENTER FOR THE BOOK, A LIBRARY OF CONGRESS DESIGNATION, WE PRESENTED 28 EVENTS AND WELCOMED THOUSANDS OF PARTICIPANTS FROM ACROSS THE STATE TO THE MINNESOTA BOOK AWARDS, ONE BOOK | ONE MINNESOTA, AND MOVING WORDS: WRITERS ACROSS MINNESOTA, AMONG OTHER PROGRAMS. OUR LIBRARY STRATEGIES CONSULTING GROUP WORKED WITH 24 CLIENTS ACROSS THE COUNTRY, ASSISTING OTHER LIBRARY SYSTEMS AND FOUNDATIONS WITH STRATEGIC PLANNING, FUNDRAISING, AND PROJECT MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Burns President | Officer | 40 | $151,306 |
Leslie Johnson Sr. Director Of Finance & Administration | Officer | 40 | $81,442 |
Bridget Manahan Chair | OfficerTrustee | 1 | $0 |
Erin Bailey Vice Chair | OfficerTrustee | 1 | $0 |
Sean Kershaw Secretary | OfficerTrustee | 1 | $0 |
Scott Zastoupil Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $260,918 |
| Related organizations | $0 |
| Government grants | $134,356 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,118,858 |
| Noncash contributions included in lines 1a–1f | $470,390 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,514,132 |
| Total Program Service Revenue | $472,326 |
| Investment income | $482,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,542 |
| Net Income from Fundraising Events | -$64,385 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,491,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $654,249 |
| 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. | $338,875 |
| Compensation of current officers, directors, key employees. | $127,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $848,562 |
| Pension plan accruals and contributions | $3,194 |
| Other employee benefits | $84,305 |
| Payroll taxes | $79,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,879 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,085 |
| Fees for services: Other | $8,928 |
| Advertising and promotion | $39,380 |
| Office expenses | $167,027 |
| Information technology | $83,390 |
| Royalties | $0 |
| Occupancy | $24,776 |
| Travel | $61,267 |
| 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 | $19,403 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,879,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,582 |
| Savings and temporary cash investments | $1,639,134 |
| Pledges and grants receivable | $452,000 |
| Accounts receivable, net | $86,901 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,150 |
| Prepaid expenses and deferred charges | $49,763 |
| Net Land, buildings, and equipment | $26,707 |
| Investments—publicly traded securities | $13,063,590 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,447,377 |
| Total assets | $19,081,204 |
| Accounts payable and accrued expenses | $583,647 |
| Grants payable | $0 |
| Deferred revenue | $2,550 |
| 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 | $586,197 |
| Net assets without donor restrictions | $2,586,665 |
| Net assets with donor restrictions | $15,908,342 |
| 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 | $19,081,204 |