Little Free Library Ltd is located in St Paul, MN. The organization was established in 2012. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2022, Little Free Library Ltd employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Free Library Ltd 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 12/2022, Little Free Library Ltd generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 14.5% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BE A CATALYST FOR BUILDING COMMUNITY, INSPIRING READERS, AND EXPANDING BOOK ACCESS FOR ALL THROUGH A GLOBAL NETWORK OF VOLUNTEER-LED LITTLE FREE LIBRARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO BE A CATALYST FOR BUILDING COMMUNITY, INSPIRING READERS, AND EXPANDING BOOK ACCESS FOR ALL THROUGH A GLOBAL NETWORK OF VOLUNTEER-LED LITTLE FREE LIBRARY BOOK-SHARING BOXES. TODAY THERE ARE MORE THAN 150,000 REGISTERED LITTLE FREE LIBRARIES CIRCULATING MILLIONS OF FREE BOOKS, A PHENOMENON THAT CONTINUES TO INCREASE MOMENTUM. LITTLE FREE LIBRARY BOOK-SHARING BOXES NOW STAND IN FRONT YARDS, PLAYGROUNDS, CITY PARKS, AND MORE IN ALL 50 US STATES AND 120 COUNTRIES WORLDWIDE, STRENGTHENING NEIGHBORHOODS, SPREADING LITERACY, AND BRINGING PEOPLE TOGETHER THROUGH THE LOVE OF READING.
READ IN COLOR BRINGS DIVERSE BOOKS TO LITTLE FREE LIBRARY BOOK-SHARING BOXES AROUND THE WORLD. READ IN COLOR DISTRIBUTES BOOKS THAT PROVIDE PERSPECTIVES ON RACISM AND SOCIAL JUSTICE; CELEBRATE BIPOC, LGBTQ+, AND OTHER MARGINALIZED VOICES; AND INCORPORATE EXPERIENCES FROM ALL IDENTITIES FOR ALL READERS. WHEN GEORGE FLOYD WAS MURDERED IN MINNEAPOLIS IN 2020, WE WORKED WITH OUR COMMUNITY TO DEVELOP READ IN COLOR TO HELP CREATE MEANINGFUL CHANGE. MORE THAN 8,000 DIVERSE BOOKS AND 25 LITTLE FREE LIBRARIES HAVE BEEN DISTRIBUTED IN THE TWIN CITIES TO DATE. IN 2021 AND 2022, READ IN COLOR HAS EXPANDED NATIONWIDE TO 14 ADDITIONAL CITIES WITH MORE ON THE WAY! IN TOTAL, MORE THAN 200 LITTLE FREE LIBRARIES HAVE BEEN ESTABLISHED IN HIGH-IMPACT AREAS AND 40,000 DIVERSE BOOKS HAVE BEEN SHARED.
THE CORE PROGRAM INCLUDES GROWING THE BOOK-SHARING MOVEMENT; DEVELOPING ACTIVITIES THAT STIMULATE NEIGHBORLY CONNECTIONS; AND SUPPORTING THE NETWORK OF VOLUNTEER STEWARDS WHO PROVIDE THE DAY-TO-DAY MANAGEMENT AND CURATION OF EACH LITTLE FREE LIBRARY.STEWARD SERVICES IS OUR VOLUNTEER SUPPORT PROGRAM THAT PROVIDES RESOURCES ACROSS ALL LFL PROGRAMS AND BEYOND TO ENSURE VOLUNTEER STEWARDS HAVE THE TOOLS THEY NEED TO BE SUCCESSFUL. STEWARD SERVICES REPRESENTS A VARIETY OF SUPPORT SERVICES OFFERED TO REGISTERED STEWARDS - THIS INCLUDES THINGS LIKE MAINTAINING THE WORLD MAP, HELPING DEAL WITH VANDALIZED LIBRARIES, MANAGING THE PRIVATE FACEBOOK GROUP, LEVERAGING OUR RELATIONSHIPS WITH PUBLISHERS AND BOOK DISTRIBUTORS TO GET DEALS AND GIVEAWAYS FOR STEWARDS, ETC. STEWARD SERVICES AS A PROGRAM IS REALLY A WAY TO DESCRIBE THE INFRASTRUCTURE WE HAVE CREATED AND CONTINUE TO DEVELOP AS A WAY OF PROVIDING SUPPORT TO OUR VOLUNTEER NETWORK.
THE IMPACT LIBRARY PROGRAM PLACES BOOK-SHARING BOXES IN UNDERSERVED COMMUNITIES, WHERE THEY CAN BE A CATALYST FOR IMPROVING READING MOTIVATION AND DEEPENING COMMUNITY CONNECTIONS. PROGRAM FUNDING COMES FROM CONTRIBUTED REVENUE AND FROM THE ORGANIZATION'S RETAIL SALES AND LIBRARY REGISTRATION FEES. A MONTHLY APPLICATION REVIEW PROCESS AND INSTALLATION FOLLOW-UP ESTABLISHES A CONNECTION BETWEEN LIBRARY RECIPIENTS AND THE LITTLE FREE LIBRARY COMMUNITY. PROGRAM PARTICIPANTS ARE ASKED TO COMMIT TO SETTING UP AND MAINTAINING THE LIBRARY FOR A MINIMUM OF ONE YEAR; TAKING A PICTURE AND SHARING ITS STORY; AND HOLDING AT LEAST ONE READING OR NEIGHBORHOOD ACTIVITY IN THE FIRST YEAR. TO DATE NEARLY 2,000 BOOK-SHARING BOXES AND 50,000 BOOKS HAVE BEEN GRANTED THROUGH THIS PROGRAM.THROUGH OUR INDIGENOUS LIBRARY PROGRAM (FORMERLY THE NATIVE LIBRARY INITIATIVE), WE GRANT NO-COST LITTLE FREE LIBRARY BOXES FULL OF BOOKS TO INDIGENOUS COMMUNITIES WITH LIMITED BOOK ACCESS. AN ADVISORY GROUP WAS FORMED TO ASSIST IN THE DEVELOPMENT OF THE INDIGENOUS LIBRARY PROGRAM. THEIR EXPERIENCE WITH LITTLE FREE LIBRARY, AS STEWARDS OF BOOK-SHARING BOXES, AND COMMITMENT TO SERVING INDIGENOUS PEOPLES, HAVE BEEN INVALUABLE IN DEVELOPING A CULTURALLY RESPONSIVE AND ROBUST PROGRAM. SIMILAR TO THE IMPACT LIBRARY PROGRAM, A REGULAR APPLICATION REVIEW PROCESS AND INSTALLATION FOLLOW-UP ESTABLISHES A CONNECTION BETWEEN LIBRARY RECIPIENTS AND THE LITTLE FREE LIBRARY COMMUNITY. PROGRAM PARTICIPANTS ARE ASKED TO COMMIT TO SETTING UP AND MAINTAINING THE LIBRARY FOR A MINIMUM OF ONE YEAR; TAKING A PICTURE AND SHARING ITS STORY; AND HOLDING AT LEAST ONE READING OR NEIGHBORHOOD ACTIVITY IN THE FIRST YEAR. TO DATE OVER 100 BOOK-SHARING BOXES AND 5,000 BOOKS HAVE BEEN GRANTED THROUGH THIS PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Anita Merina Board Chair | OfficerTrustee | 4 | $0 |
Jake Adams Secretary | OfficerTrustee | 2 | $0 |
Malcolm Persen Treasurer | OfficerTrustee | 2 | $0 |
Anthony Chow Board Member | Trustee | 1 | $0 |
Marisa Creary Board Member | Trustee | 1 | $0 |
Michelle Hudgins Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ss Wood Kraft Book Exchange Boxes | 12/30/22 | $768,843 |
Country View Polywood Book Exchange Boxes | 12/30/22 | $759,677 |
Henry Miller Hl Rustic Reclaim Book Exchange Boxes | 12/30/22 | $469,127 |
Ups Shipping Contractor | 12/30/22 | $393,846 |
Jline Woodcraft Book Exchange Boxes | 12/30/22 | $333,361 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $414,942 |
Noncash contributions included in lines 1a–1f | $76,629 |
Total Revenue from Contributions, Gifts, Grants & Similar | $414,942 |
Total Program Service Revenue | $356,153 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $2,125,839 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,943,191 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $151,296 |
Compensation of current officers, directors, key employees. | $56,736 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $790,238 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $101,352 |
Payroll taxes | $77,627 |
Fees for services: Management | $0 |
Fees for services: Legal | $45,075 |
Fees for services: Accounting | $59,886 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $107,425 |
Advertising and promotion | $138,464 |
Office expenses | $51,621 |
Information technology | $217,511 |
Royalties | $0 |
Occupancy | $75,713 |
Travel | $42,617 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $125 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $20,715 |
Insurance | $19,638 |
All other expenses | $19,099 |
Total functional expenses | $2,417,254 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $247,718 |
Savings and temporary cash investments | $2,332,592 |
Pledges and grants receivable | $34,000 |
Accounts receivable, net | $51,032 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $24,381 |
Prepaid expenses and deferred charges | $41,968 |
Net Land, buildings, and equipment | $148,387 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $458,215 |
Total assets | $3,338,293 |
Accounts payable and accrued expenses | $146,429 |
Grants payable | $0 |
Deferred revenue | $32,199 |
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 | $460,516 |
Total liabilities | $639,144 |
Net assets without donor restrictions | $2,586,981 |
Net assets with donor restrictions | $112,168 |
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 | $3,338,293 |