Iowa City Public Library Friends Foundation

Organization Overview

Iowa City Public Library Friends Foundation is located in Iowa City, IA. The organization was established in 1983. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa City Public Library Friends 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 06/2022, Iowa City Public Library Friends Foundation generated $390.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $384.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Iowa City Public Library Friends Foundation has awarded 23 individual grants totaling $1,849,809. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE IOWA CITY PUBLIC LIBRARY FRIENDS FOUNDATION WILL GENERATE PRIVATE RESOURCES TO SUPPORT THE IOWA CITY PUBLIC LIBRARY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AN UNRESTRICTED AND UNDESIGNATED GIFT TO THE IOWA CITY PUBLIC LIBRARY FOR ITS USE TO PURCHASE BOOKS AND OTHER MATERIALS FOR THE LIBRARY'S COLLECTIONS.


PASS-THROUGH GIFTS FOR THE IOWA CITY PUBLIC LIBRARY WERE RECEIVED BY THE FRIENDS FOUNDATION AND SUBSEQUENTLY PASSED ON TO THE LIBRARY.


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Board, Officers & Key Employees

Name (title)Compensation
Erin Dougherty
Secretary
$0
Laura Ebinger
Past Preside
$0
Catherine Erickson
President
$0
Jeff Rudolph
Treasurer
$0
Jenny Olson
President
$0
Karla Alvarez
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$19,561
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$300,722
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$320,283
Total Program Service Revenue$0
Investment income $67,082
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$6,020
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $9,174
Miscellaneous Revenue$0
Total Revenue $390,519

Grants Awarded

Over the last fiscal year, Iowa City Public Library Friends Foundation has awarded $171,800 in support to 2 organizations.

Grant RecipientAmount

IOWA CITY PUBLIC LIBRARY

PURPOSE: ANNUAL COMMITMENT

$117,500

IOWA CITY PUBLIC LIBRARY

PURPOSE: PASS-THROUGH GIFTS

$54,300
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Iowa City Public Library Friends Foundation has recieved totaling $65,874.

Awarding OrganizationAmount
Myron J Walker Trust

Milwaukee, WI

PURPOSE: GENERAL OPERATING

$64,413
Kenneth K Kinsey Family Foundation

Iowa City, IA

PURPOSE: GENERAL OPERATING FUND

$1,300
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$161
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,974,246
Earnings-$280,707
Admin Expense$8,668
Net Contributions$2,200
Grants$65,975
Ending Balance$1,621,096

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