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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Erin Dougherty Secretary | OfficerTrustee | 2 | $0 |
Laura Ebinger Past Preside | OfficerTrustee | 2 | $0 |
Catherine Erickson President | OfficerTrustee | 2 | $0 |
Jeff Rudolph Treasurer | OfficerTrustee | 2 | $0 |
Jenny Olson President | OfficerTrustee | 1 | $0 |
Karla Alvarez Director | Trustee | 1 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $171,800 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $188,632 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,580 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $8,668 |
Fees for services: Other | $2,460 |
Advertising and promotion | $0 |
Office expenses | $5,824 |
Information technology | $2,250 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $106 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,015 |
All other expenses | $0 |
Total functional expenses | $384,335 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $83,156 |
Savings and temporary cash investments | $130,142 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $1,621,096 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $264,266 |
Total assets | $2,098,660 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $264,266 |
Total liabilities | $264,266 |
Net assets without donor restrictions | $609,671 |
Net assets with donor restrictions | $1,224,723 |
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 | $2,098,660 |
Over the last fiscal year, Iowa City Public Library Friends Foundation has awarded $171,800 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
IOWA CITY PUBLIC LIBRARY PURPOSE: ANNUAL COMMITMENT | $117,500 |
IOWA CITY PUBLIC LIBRARY PURPOSE: PASS-THROUGH GIFTS | $54,300 |
Over the last fiscal year, we have identified 3 grants that Iowa City Public Library Friends Foundation has recieved totaling $65,874.
Awarding Organization | Amount |
---|---|
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 |
Beg. Balance | $1,974,246 |
Earnings | -$280,707 |
Admin Expense | $8,668 |
Net Contributions | $2,200 |
Grants | $65,975 |
Ending Balance | $1,621,096 |
Organization Name | Assets | Revenue |
---|---|---|
Tenant Resource Center Inc Madison, WI | $4,020,377 | $17,889,286 |
Newberry Library Chicago, IL | $102,026,436 | $14,465,930 |
Mobius Columbia, MO | $4,062,831 | $7,262,645 |
Community Resource Center Inc Centralia, IL | $6,773,469 | $4,197,743 |
Arrowhead Library System Mountain Iron, MN | $7,916,564 | $3,392,560 |
Community Information Trust Omaha, NE | $18,420,748 | $2,358,228 |
Society Of Ameican Archivists Chicago, IL | $2,453,867 | $2,207,330 |
Little Free Library Ltd St Paul, MN | $2,366,645 | $3,222,101 |
The Charlemagne Institute Bloomington, MN | $4,134,253 | $802,178 |
Traverse Des Sioux Library System Mankato, MN | $2,660,505 | $1,793,930 |
Hoover Presidential Foundation West Branch, IA | $16,155,016 | $4,574,597 |
Masonic Temple Education Center Ballwin, MO | $310,997 | $1,687 |