Library Foundation For The Benefit Of St Louis Public Library
- Assets
- $8.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 07/1990
- Data as of
- 09/2023
- EIN
- 43-1541947
Organization Overview
Library Foundation For The Benefit Of St Louis Public Library is located in Saint Louis, MO. The organization was established in 1990. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Library Foundation For The Benefit Of St Louis 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 09/2023, Library Foundation For The Benefit Of St Louis Public Library generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $787.8k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION ENGAGES IN ACTIVITIES THAT SUPPORT AND BENEFIT THE ST. LOUIS PUBLIC LIBRARY THROUGH SOLICITING, RECEIVING, AND HOLDING GIFTS FOR THE BENEFIT OF THE LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.THE ST. LOUIS PUBLIC LIBRARY FOUNDATION (SLPLF) ENGAGES IN ACTIVITIES THAT FOCUS PUBLIC ATTENTION ON THE ST. LOUIS PUBLIC LIBRARY'S PROGRAMS AND SERVICES AND THE NEED FOR PRIVATE, PHILANTHROPIC SUPPORT OF THE ORGANIZATION. THE SLPLF STAFF ARE COMMUNITY ADVOCATES, DEVELOPING PARTNERSHIPS TO FURTHER THE LIBRARY'S MISSION AND BUILD COMMUNITY SUPPORT FOR LIBRARY PROGRAMS AND SERVICES.THESE ACTIVITIES INCLUDE MANAGING AN ANNUAL FUND. AS OF SEPTEMBER 30, 2023, THE SLPL FOUNDATION'S ANNUAL FUND HAD GIFTS FROM 1,284 BUSINESSES, FOUNDATIONS, AND INDIVIDUAL DONORS. IN ADDITION TO MANAGING THE ANNUAL FUND, THE LIBRARY FOUNDATION MANAGED INVESTED FUNDS USED TO SUPPORT SLPL PROGRAMS, PROJECTS, AND COLLECTIONS. IN FY2023, SLPL FOUNDATION HELD STEWARDSHIP EVENTS FOR FRIENDS OF THE LIBRARY AND A FUNDRAISING EVENT (PROM: WHERE DID YOU GO TO HIGH SCHOOL) TO SUPPORT EXHIBITS HOSTED AT CENTRAL LIBRARY.THE SLPL FOUNDATION PROMOTED THE ST. LOUIS PUBLIC LIBRARY THROUGH A MONTHLY E-NEWSLETTER TO 3,700, SOCIAL MEDIA POSTS, AND ONLINE, PRINT AND RADIO ADVERTISING. IN ADDITION TO THE ABOVE ACCOMPLISHMENTS, THE SLPL FOUNDATION SOLICITED GIFTS FOR THE LIBRARY THROUGH DIRECT MAIL AND HELPED IDENTIFY AND SECURE COMMUNITY PARTNERSHIPS TO PROMOTE LIBRARY PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn G Farrell Chair | OfficerTrustee | 1 | $0 |
Laura J Shaughnessy Vice-Chair | OfficerTrustee | 1 | $0 |
Scott R Dolan Treasurer | OfficerTrustee | 1.2 | $0 |
Scott Bensinger Secretary | OfficerTrustee | 1 | $0 |
Ricardo Dixon Director | Trustee | 0.6 | $0 |
Patrick J Eckelkamp Director | Trustee | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,060 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $661,053 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $720,113 |
| Total Program Service Revenue | $0 |
| Investment income | $168,293 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $284,450 |
| Net Income from Fundraising Events | -$25,852 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,147,004 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $615,865 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,964 |
| Fees for services: Other | $21,840 |
| Advertising and promotion | $27,475 |
| Office expenses | $7,202 |
| Information technology | $3,148 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,325 |
| All other expenses | $21,610 |
| Total functional expenses | $787,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,294,663 |
| Pledges and grants receivable | $101,000 |
| 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 | $7,240,340 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,348 |
| Total assets | $8,637,351 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $708,941 |
| 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 | $309,096 |
| Total liabilities | $1,018,037 |
| Net assets without donor restrictions | $5,594,683 |
| Net assets with donor restrictions | $2,024,631 |
| 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 | $8,637,351 |