Friends Of The St Paul Public Library
- Assets
- $19.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 18
- Location
- St Paul, MN
- Founding
- 07/1960
- Data as of
- 12/2021
- EIN
- 41-6029683
Organization Overview
Friends Of The St Paul Public Library is located in St 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 12/2021, 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 12/2021, Friends Of The St Paul Public Library generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. 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
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
THE FRIENDS OF THE SAINT PAUL PUBLIC LIBRARY INVESTS IN OUR LIBRARY THROUGH FUNDRAISING, ADVOCACY, AND PROGRAMMING. THE FRIENDS FUNCTIONS AS THE SAINT PAUL PUBLIC LIBRARY'S FOUNDATION, ACTIVELY MANAGING MORE THAN $15 MILLION IN ENDOWMENTS.IN EARLY 2021, WE RECEIVED $221,500 IN PAYCHECK PROTECTION PROGRAM CARES FORGIVABLE LOAN FUNDS THAT ALLOWED US TO SUPPORT OUR STAFF, WHICH IN TURN ALLOWED US TO INCREASE OUR INVESTMENT IN THE LIBRARY. THE FRIENDS SENT OVER $690,000 TO THE LIBRARY, INCLUDING ENDOWMENT DRAWS, PASS-THROUGH AND UNRESTRICTED FUNDS, AND MONEY FROM AN IMLS GRANT. THIS IS AN INCREASE OF MORE THAN $85,000 FROM THE PREVIOUS YEAR.THANKS TO THE FRIENDS ADVOCACY WORK IN 2021, THE CITY OF SAINT PAUL PASSED A 2022 BUDGET THAT RESTORED LIBRARY STAFF, HOURS, AND SERVICES TO PRE-PANDEMIC LEVELS. SAINT PAUL PUBLIC LIBRARY LOCATIONS ARE NOW COLLECTIVELY OPEN 712 MORE HOURS PER WEEK THAN OVER THE PAST TWO YEARS.THE FRIENDS CONTINUED THEIR SIGNATURE PROGRAMS AND EVENTS VIRTUALLY IN 2021, INCLUDING OPUS & OLIVES, FIRESIDE READING SERIES, MINNESOTA BOOK AWARDS, ONE BOOK | ONE MINNESOTA, AND MOVING WORDS: WRITERS ACROSS MINNESOTA. COLLECTIVELY, WE RAISED MORE THAN $280,000 AND WELCOMED THOUSANDS OF PARTICIPANTS FROM ACROSS THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Burns President | Officer | 40 | $152,102 |
Greg Giles Senior Director Of Develop | 40 | $101,264 | |
Amy Zimmer Former Sr Director Of Finance | Officer | 40 | $95,753 |
Chuck Wright Secretary | OfficerTrustee | 1 | $0 |
Ted Davis Chair Advocacy | OfficerTrustee | 1 | $0 |
Kate Dienhart Chair Center For The Book | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $211,534 |
| Related organizations | $0 |
| Government grants | $383,043 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,217,114 |
| Noncash contributions included in lines 1a–1f | $29,049 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,811,691 |
| Total Program Service Revenue | $396,336 |
| Investment income | $346,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$49,670 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,597,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $690,425 |
| 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. | $415,248 |
| Compensation of current officers, directors, key employees. | $144,737 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $634,503 |
| Pension plan accruals and contributions | $29,973 |
| Other employee benefits | $86,620 |
| Payroll taxes | $70,656 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,793 |
| Fees for services: Other | $99 |
| Advertising and promotion | $38,084 |
| Office expenses | $37,155 |
| Information technology | $56,337 |
| Royalties | $0 |
| Occupancy | $66,217 |
| Travel | $11,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $804 |
| Interest | $2,990 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,583 |
| Insurance | $39,458 |
| All other expenses | $0 |
| Total functional expenses | $2,694,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $823,704 |
| Savings and temporary cash investments | $401,592 |
| Pledges and grants receivable | $240,594 |
| Accounts receivable, net | $105,488 |
| 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 | $46,641 |
| Net Land, buildings, and equipment | $87,805 |
| Investments—publicly traded securities | $14,562,597 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,409,047 |
| Total assets | $19,686,618 |
| Accounts payable and accrued expenses | $424,929 |
| Grants payable | $0 |
| Deferred revenue | $1,200 |
| 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 | $426,129 |
| Net assets without donor restrictions | $2,776,300 |
| Net assets with donor restrictions | $16,484,189 |
| 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 | $19,686,618 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Friends Of The St Paul Public Library has recieved totaling $589,733.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $316,585 |
Youthprise Minneapolis, MN PURPOSE: Systems Partnerships | $50,000 |
The Richard M Schulze Family Foundation Minneapolis, MN PURPOSE: EDUCATION | $50,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $47,000 |
Raft Charitable Foundation Sioux Falls, SD PURPOSE: GENERAL OPERATING | $30,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $27,668 |
Endowment Analysis
| Beg. Balance | $12,400,762 |
| Earnings | $1,605,901 |
| Net Contributions | $71,840 |
| Other Expense | $576,641 |
| Ending Balance | $13,501,862 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |