Indiana State Library Foundation Inc
- Assets
- $5.1m
- Revenue
- $658.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Indianapolis, IN
- Founding
- 10/2013
- Data as of
- 12/2021
- EIN
- 45-4195408
Organization Overview
Indiana State Library Foundation Inc is located in Indianapolis, IN. The organization was established in 2013. 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. Indiana State Library Foundation Inc 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 12/2021, Indiana State Library Foundation Inc generated $658.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $341.1k during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ENHANCEMENT AND PROMOTION OF ACTIVITIES OF THE INDIANA STATE LIBRARY, THEIR PROGRAMS AND COLLECTIONS, AND TO AID IN THE DEVELOPMENT OF PROGRAMS BENEFITTING INDIVIDUALS AND LIBRARIES THROUGHOUT THE STATE. THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INDIANA STATE LIBRARY FOUNDATION SUPPORTS THE VISUALLY IMPAIRED SERVICES OF THE INDIANA STATE LIBRARY BY FUNDING THE ADDITION OF LARGE PRINT VERSIONS OF BOOKS AS WELL AS THE TALKING BOOK AND BRAILLE LIBRARY. THE INDIANA TALKING BOOK AND BRAILLE LIBRARY (TBBL) PROVIDES FREE LIBRARY SERVICE TO RESIDENTS OF INDIANA WHO CAN NOT USE STANDARD PRINTED MATERIALS DUE TO A VISUAL OR PHYSICAL DISABILITY.
THE GENEALOGY COLLECTION HAS DEVELOPED OVER TIME TO BECOME ONE OF THE LARGEST COLLECTIONS OF FAMILY HISTORY INFORMATION IN THE MIDWEST. THE COLLECTION INCLUDES MORE THAN 40,000 PRINT ITEMS (FAMILY HISTORIES, INDEXES TO RECORDS, HOW-TO-BOOKS,CEMETERY TRANSCRIPTIONS, FAMILY HISTORY MAGAZINES, AND MORE), AS WELL AS MILITARY PENSION INFORMATION. THE EMPHASIS OF THE COLLECTION IS ON INDIANA AND BORDERING STATES, AS WELL AS EASTERN AND SOUTHERN STATES. IN ADDITION, THE INDIANA STATE LIBRARY FOUNDATION ENABLES THE INDIANA STATE LIBRARY TO HOST WORKSHOPS, TOURS, AND ONE-ON-ONE HISTORY CONSULTATIONS.
THE INDIANA STATE LIBRARY FOUNDATION PROVIDES SUPPORT IN THE PURCHASE OF MATERIALS AND EQUIPMENT VITAL TO THE CONTINUED PRESERVATION OF INVALUABLE BOOKS, MAPS, AND REFERENCE MATERIAL, ALONG WITH MAKING ACCESSIBLE, THE HISTORY OF INDIANA TO ALL RESIDENTS.
INDIPRESS AND A LITERARY COMPOSITION COLLECTION (LETTERS ABOUT LITERATURE) ARE OTHER FUNCTIONS THAT FURTHER THE TAX EXEMPT PURPOSE OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gvido Burgis Executive Di | Trustee | 40 | $80,482 |
Monty Korte Member | OfficerTrustee | 0.5 | $0 |
Sandra Sifferlin Member | OfficerTrustee | 0.5 | $0 |
Roberta Brooker Member | OfficerTrustee | 0.5 | $0 |
Thomas Payne Member | OfficerTrustee | 0.5 | $0 |
Scott Schuster Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $32,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,091 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $658,053 |
| 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. | $83,461 |
| Compensation of current officers, directors, key employees. | $83,461 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,482 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,979 |
| Payroll taxes | $6,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,509 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,225 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,736 |
| Office expenses | $4,689 |
| Information technology | $0 |
| 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 | $67 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $670 |
| All other expenses | $45,706 |
| Total functional expenses | $341,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $916,018 |
| Savings and temporary cash investments | $0 |
| 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 | $4,210,332 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,126,350 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $822,420 |
| 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 | $1,151 |
| Total liabilities | $823,571 |
| Net assets without donor restrictions | $73,633 |
| Net assets with donor restrictions | $4,229,146 |
| 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 | $5,126,350 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indiana State Library Foundation Inc has recieved totaling $14.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Endowment Analysis
| Beg. Balance | $3,862,005 |
| Earnings | $477,552 |
| Admin Expense | $30,225 |
| Ending Balance | $4,210,332 |
Peer Organizations
| 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 |
Lake County Public Library Merrillville, IN | $39,933,908 | $12,781,082 |
Mobius Columbia, MO | $4,062,831 | $7,262,645 |
Community Resource Center Inc Centralia, IL | $6,773,469 | $4,197,743 |
Society Of Ameican Archivists Chicago, IL | $2,453,867 | $2,207,330 |
Building And Construction Resource Center Inc Portage, IN | $5,030,482 | $2,435,257 |
Private Academic Library Network Of Indiana Inc Indianapolis, IN | $7,049,589 | $1,821,764 |
Louisville Free Public Library Foundation Inc Louisville, KY | $20,601,784 | $2,234,605 |
Hopkinsville Christian County Public Library Hopkinsville, KY | $2,002,090 | $1,316,676 |
Simpson County Library District Franklin, KY | $8,465,490 | $1,064,264 |
Masonic Temple Education Center Ballwin, MO | $310,997 | $1,687 |