Linda Hall Library Trust
- Assets
- $201.3m
- Revenue
- $7.6m
- Investments
- $173.4m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 04/1942
- Data as of
- 12/2020
- EIN
- 44-0527122
Organization Overview
Linda Hall Library Trust is located in Kansas City, MO. The organization was established in 1942. 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. Linda Hall Library Trust 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 12/2020, Linda Hall Library Trust generated $7.6m in total revenue. All expenses for the organization totaled $13.5m during the year ending 12/2020. While expenses have increased by 11.2% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRED AND MAINTAINED THE OPERATING ASSETS OF A SCIENCE, ENGINEERING, AND TECHNOLOGY LIBRARY. A TOTAL OF 2,011 PATRONS VISITED THE LIBRARY IN 2021 BOTH IN-PERSON & ONLINE.
PRODUCED A TOTAL OF 70 EDUCATIONAL LECTURES AND PUBLIC PROGRAMS THAT ATTRACED 23,463 ATTENDEES.
HOSTED 33 RESEARCH FELLOWS IN PARTNERSHIP WITH LINDA HALL FOUNDATION. FELLOWS ARE SELECTED THROUGH A COMPETITIVE APPL- ICATION PROCESS. FELLOWSHIPS RANGE FROM 1 WEEK TO 4 MONTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Browar President | 40 | $274,714 | |
Michele Knight Sr VP Engagement | 40 | $170,511 | |
Jane Davis VP Access/digital Sv | 40 | $112,987 | |
Brian Gordon Chief Financial Officer | 40 | $111,180 | |
Mark Evilsizor Head Of It Services | 40 | $107,068 | |
Jason Dean VP Spec. Collections | 40 | $99,366 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 12/30/21 | $555,790 |
Kronley & Associates | 12/30/21 | $256,141 |
Bkd Llp | 12/30/21 | $92,548 |
Mbb Agency | 12/30/21 | $291,583 |
Tweedy Browne | 12/30/21 | $90,732 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,037,324 |
| Interest on Savings | $85,254 |
| Dividends & Interest | $2,599,115 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,396,712 |
| Capital Gain Net Income | $3,692,297 |
| Net ST Capital Gain | $885,953 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $433,975 |
| Total Revenue | $7,552,380 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $623,546 |
| Other employee salaries and wages | $2,261,298 |
| Pension plans, employee benefits | $735,469 |
| Interest | $167,624 |
| Taxes | $0 |
| Depreciation | $805,398 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,379 |
| Printing and publications | $3,953,253 |
| Other expenses | $1,682,965 |
| Total operating and administrative expenses | $11,500,909 |
| Contributions, gifts, grants paid | $2,010,019 |
| Total expenses and disbursements | $13,510,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,692 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $286,500 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,217,868 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $162,804,106 |
| Net Land, buildings, and equipment | $23,467,239 |
| Other assets | $643,880 |
| Total assets | $201,287,634 |
| Accounts payable and accrued expenses | $686,917 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $19,856,049 |
| Other liabilities | $2,569,494 |
| Total liabilities | $23,112,460 |
Grants Awarded
Over the last fiscal year, Linda Hall Library Trust has awarded $2,009,051 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: GENERAL OPERATIONS | $2,000,000 |
HARRY BURSON PURPOSE: RESEARCH FELLOWSHIP | $8,301 |
NIKHIL DHARAN PURPOSE: RESEARCH FELLOWSHIP | $750 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Linda Hall Library Trust has recieved totaling $72,500.
| Awarding Organization | Amount |
|---|---|
Atterbury Family Foundation Shawnee Mission, KS PURPOSE: GENERAL SUPPORT | $50,000 |
J B Reynolds Foundation Kansas City, MO PURPOSE: VARIOUS | $5,000 |
Bauman Family Foundation Mission Hills, KS PURPOSE: COMMUNITY SERVICES | $5,000 |
Campbell Family Foundation Apex, NC PURPOSE: GENERAL DONATION | $4,000 |
Jager Family Foundation Mission Woods, KS PURPOSE: TO FUND GENERAL OPERATIONS OF THE LINDA HALL LIBRARY | $3,000 |
T-Serve Foundation Leawood, KS PURPOSE: OPERATING FUND | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |