Prince Georges County Memorial Library System Foundation Inc
- Assets
- $3.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Largo, MD
- Founding
- 12/2014
- Data as of
- 06/2022
- EIN
- 47-1717681
Organization Overview
Prince Georges County Memorial Library System Foundation Inc is located in Largo, MD. The organization was established in 2014. 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. Prince Georges County Memorial Library System 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 06/2022, Prince Georges County Memorial Library System Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $272.9k during the year ending 06/2022. 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
TO PROVIDE CRITICAL PHILANTHROPIC SUPPORT TO THE PRINCE GEORGE'S COUNTY MEMORIAL LIBRARY SYSTEM AND TO HELP STRENGTHEN THE LIBRARY'S CAPACITY TO INNOVATE, ADAPT TO CHANGE, AND ENSURE OUR LIBRARIES REMAIN A VITAL RESOURCE FOR ALL IN PRINCE GEORGE'S COUNTY NOW AND IN THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PULL UP FUND COMMONS - WITH SUPPORT FROM THE PULL UP FUND COMMONS GRANT, PGCMLS FOUNDATION COMPLETED DESIGN AND PRECONSTRUCTION WORK FOR THE FIVE NEW COMMONS LABS AT BELTSVILLE, BLADENSBURG, FAIRMOUNT HEIGHTS, LARGO KETTERING, AND OXON HILL BRANCH LIBRARIES. THE GRANT SUPPORTED A PARTTIME STAFF MEMBER, COMMONS PROGRAM ASSOCIATE, AND PEER MENTOR INTERNS WHO SUPPORTED COMMONS PROGRAM PILOTS AT BRANCHES AND ONLINE. THE GRANT ALSO SUPPORTED PROGRAM SUPPLIES AND COLLECTIONS RESOURCES PERTAINING TO THE THEMES OF THE COMMONS: CAREER SERVICES, SMALL BUSINESS/ENTREPRENEURSHIP, SOCIAL JUSTICE EDUCATION, CREATIVE PRODUCTION, AND MUSIC AND MEDIA PRODUCTION. THE GRANT ALSO SUPPORTED FIVE WEEKLONG SOCIAL JUSTICE CAMPS FOR TEENAGERS.
LOCAL IMPACT, INDIVIDUAL GIVING, PGCMLS FOUNDATION STORE, DIGITAL COLLECTIONS.
CAPITAL ONE - PGCMLS FOUNDATION PRESENTED A WIDE RANGE OF ONLINE BANKING LITERACY, WORKFORCE DEVELOPMENT PROGRAMS, AND DIGITAL LITERACY PROGRAMS/SERVICES FOR IMMIGRANTS AND REFUGEES. THESE ACTIVITIES WERE SUPPORTED BY A GRANT FROM CAPITAL ONE.
THE PGCMLS FOUNDATION SUPPORTED ESTABLISHING A NEW OUTREACH PARTNERSHIP WITH UNIVERSITY OF MARYLAND CAPITAL REGION MEDICAL CENTER TO PROVIDE DIRECT ACCESS TO BOOKS FROM BIRTH REGISTRATION IN THE PERINATAL WARD. BOOKS FROM BIRTH IS A PARTNERSHIP WITH THE DOLLY PARTON IMAGINATION LIBRARY THAT PROVIDES A FREE BOOK TO CHILDREN EACH MONTH IN THE MAIL UP TO THEIR FIFTH BIRTHDAY. IT IS PRINCE GEORGE'S COUNTY'S PRIMARY EARLY LITERACY INITIATIVE. BOOKS FROM BIRTH REGISTRATION BUNDLES ARE PROVIDED TO ALL FAMILIES WHO REGISTER FOR BOOKS FROM BIRTH PRIOR TO OUTPROCESSING FROM GIVING BIRTH. THE BUNDLES INCLUDE A STARTER BOOK, AGE APPROPRIATE TOY PARENTS CAN USE TO SUPPORT EARLY LITERACY EDUCATION, AND INSTRUCTIONAL MATERIALS ABOUT THE TEACHING NEWBORNS LITERACY SKILLS. THIS OUTREACH INITIATIVE HAS RESULTED IN A SIGNIFICANT INCREASE IN BOOKS FROM BIRTH REGISTRATIONS, WHICH NOW EXCEED 14,000 (UP FROM APPROXIMATELY 13,000 AT THE POINT OF STARTING THIS OUTREACH INITIATIVE). PGCMLS FOUNDATION IS ALSO SUPPORTING PART OF THE OVERALL BOOKS FROM BIRTH PROGRAM COSTS, APPROXIMATELY 10% OF THE OVERALL PROGRAM IMPLEMENTATION COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Washington Douglass President | OfficerTrustee | 3 | $0 |
Patti Kim Vice President | OfficerTrustee | 1 | $0 |
Tracy Simpson Board Member | Trustee | 1 | $0 |
Damon Austin Board Member | Trustee | 1 | $0 |
Karen Clark-Reddon Board Member | Trustee | 1 | $0 |
Dottie Crecelius Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,838,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,848,935 |
| Total Program Service Revenue | $0 |
| 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 | $10,190 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,859,125 |
| 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. | $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 | $1,699 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,375 |
| Advertising and promotion | $9,986 |
| Office expenses | $11,309 |
| Information technology | $1,781 |
| Royalties | $0 |
| Occupancy | $9,109 |
| Travel | $38 |
| 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 | $99,324 |
| Insurance | $963 |
| All other expenses | $2,959 |
| Total functional expenses | $272,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,551,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,851 |
| Accounts receivable, net | $1,063 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,877 |
| Prepaid expenses and deferred charges | $42,683 |
| Net Land, buildings, and equipment | $409,563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,011,405 |
| Accounts payable and accrued expenses | $10,250 |
| 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 | $10,478 |
| Total liabilities | $20,728 |
| Net assets without donor restrictions | $555,890 |
| Net assets with donor restrictions | $2,434,787 |
| 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 | $3,011,405 |