Foundation For Lincoln City Libraries
- Assets
- $5.6m
- Revenue
- $429.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Lincoln, NE
- Founding
- 04/1956
- Data as of
- 12/2021
- EIN
- 47-6032744
Organization Overview
Foundation For Lincoln City Libraries is located in Lincoln, NE. The organization was established in 1956. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Foundation For Lincoln City Libraries employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Lincoln City Libraries 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, Foundation For Lincoln City Libraries generated $429.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $387.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Foundation For Lincoln City Libraries has awarded 12 individual grants totaling $1,218,541. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE IS TO SOLICIT AND RECEIVE GIFTS, BEQUESTS AND GRANTS FOR THE USE AND BENEFIT OF THE LINCOLN CITY LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING TO OPERATE THE HERITAGE ROOM WHICH HOUSES A COLLECTION OF BOOKS ABOUT NEBRASKA AND/OR BY NEBRASKA AUTHORS.
FUNDING FOR PROMOTIONAL MATERIALS, SUPPLIES FOR THE LIBRARY AND GENERAL OPERATING EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Mcnair Executive Di | Officer | 40 | $74,000 |
Brian Bock Treasurer | OfficerTrustee | 7 | $0 |
Amanda Garrett Vice Preside | OfficerTrustee | 7 | $0 |
Matt Kirkland President | OfficerTrustee | 7 | $0 |
Ken Koop Jr Advisor | OfficerTrustee | 7 | $0 |
Brian Morrow Asst. Treasu | OfficerTrustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $8,148 |
| Membership dues | $0 |
| Fundraising events | $15,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,215 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,113 |
| Total Program Service Revenue | $0 |
| Investment income | $69,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $158,776 |
| Net Income from Fundraising Events | -$6,138 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $429,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $269,273 |
| 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. | $74,000 |
| Compensation of current officers, directors, key employees. | $29,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,284 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,975 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,213 |
| All other expenses | $0 |
| Total functional expenses | $387,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,645 |
| Savings and temporary cash investments | $567,071 |
| 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 | $4,994,781 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,630 |
| Total assets | $5,573,127 |
| Accounts payable and accrued expenses | $22,369 |
| 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 | $0 |
| Total liabilities | $22,369 |
| Net assets without donor restrictions | $3,045,751 |
| Net assets with donor restrictions | $2,505,007 |
| 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 | $5,573,127 |
Grants Awarded
Over the last fiscal year, Foundation For Lincoln City Libraries has awarded $269,273 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LINCOLN CITY LIBRARIES PURPOSE: GENERAL OPERATING | $219,998 |
LINCOLN CITY LIBRARIES PURPOSE: HERITAGE ROOM | $49,275 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Lincoln City Libraries has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Normil Foundation Lincoln, NE PURPOSE: UNRESTRICTED | $1,500 |
Endowment Analysis
| Beg. Balance | $2,171,754 |
| Earnings | $322,053 |
| Admin Expense | $12,413 |
| Net Contributions | $49,420 |
| Grants | $93,975 |
| Ending Balance | $2,449,252 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mobius Columbia, MO | $4,062,831 | $7,262,645 |
Colorado Library Consortium Centennial, CO | $4,049,105 | $6,616,674 |
Outreach United Resource Center Inc Longmont, CO | $8,325,883 | $5,899,409 |
Community Information Trust Omaha, NE | $18,420,748 | $2,358,228 |
Hoover Presidential Foundation West Branch, IA | $16,155,016 | $4,574,597 |
La Llave Family Resource Center Inc Alamosa, CO | $303,516 | $1,091,609 |
Masonic Temple Education Center Ballwin, MO | $310,997 | $1,687 |
Health Sciences Library Network Of Kansas City Kansas City, MO | $88,003 | $1,010,807 |
Board Of Trustees Of The Sedgwick County Law Library Inc Wichita, KS | $799,436 | $866,999 |
Limbo Up Foundation Inc Denver, CO | $0 | $377,102 |
Northeast Missouri Library Service Kahoka, MO | $718,580 | $391,827 |
Teton County Library Foundation Inc Jackson, WY | $9,237,372 | $966,896 |