Wichita Public Library Foundation Inc
- Assets
- $10.8m
- Revenue
- $815.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Wichita, KS
- Founding
- 01/1988
- Data as of
- 12/2021
- EIN
- 48-1042418
Organization Overview
Wichita Public Library Foundation Inc is located in Wichita, KS. The organization was established in 1988. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Wichita Public Library Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wichita Public 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, Wichita Public Library Foundation Inc generated $815.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 8.3% 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
WPLF SEEKS DONATIONS FOR WICHITA PUBLIC LIBRARY TO FILL THE GAP BETWEEN TAX BASE FUNDING AND COMMUNITY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WICHITA PUBLIC LIBRARY FOUNDATION UNDERWRITES PROGRAMMING ACROSS THE WICHITA PUBLIC LIBRARY SYSTEM. ALSO INCLUDED ARE PURCHASES FOR COMPUTERS AND OTHER EQUIPMENT, FREE WI-FI AND INTERNET SERVICES, BOOKS, ONLINE RESOURCES, DATABASES, E-BOOKS, E-AUDIOBOOKS, COMPUTER TRAINING, AND VARIOUS OTHER COLLECTIONS.
CONSTRUCTION EXPENSES BUILT THE CHILDREN'S STEAM OUTDOOR GARDEN AT THE ADVANCED LEARNING LIBRARY. THE GARDEN IS AN OUTDOOR SPACE FOR KIDS TO PLAY AND EXPLORE INTERACTIVE STATIONS RELATING TO SCIENCE, TECHNOLOGY, ENGINEERING, ART, AND MATHEMATICS.
POTENTIAL CUTS FROM TAX-BASED FUNDING JEOPARDIZED THE EVERGREEN LIBRARY BRANCH'S CLOSURE. EMPOWER EVERGREEN PROVIDED AN OVERARCHING COMMUNITY RESOURCE CENTER THAT ENSURED THE EVERGREEN LIBRARY WOULD REMAIN OPEN AND A PART OF THE LIBRARY SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Oberg President/ceo | Officer | 40 | $128,088 |
Tim Moore Chairperson | OfficerTrustee | 1 | $0 |
Kevin Mcwhorter Vice President | OfficerTrustee | 1 | $0 |
Kellie Hogan Secretary | OfficerTrustee | 1 | $0 |
Kristi Dowell Interim Director Of Librar | OfficerTrustee | 3 | $0 |
Jaime Nix Director Of Libraries | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,864 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $353,171 |
| Total Program Service Revenue | $0 |
| Investment income | $132,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $329,370 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $815,515 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $220,731 |
| 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. | $128,088 |
| Compensation of current officers, directors, key employees. | $64,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,849 |
| Pension plan accruals and contributions | $5,128 |
| Other employee benefits | $11,779 |
| Payroll taxes | $13,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,966 |
| Advertising and promotion | $34,961 |
| Office expenses | $23,972 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,428 |
| 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 | $535 |
| Insurance | $2,049 |
| All other expenses | $30,623 |
| Total functional expenses | $1,662,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,888 |
| Savings and temporary cash investments | $530,750 |
| Pledges and grants receivable | $1,570,404 |
| Accounts receivable, net | $9,864 |
| 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 | $9,899 |
| Net Land, buildings, and equipment | $1,286 |
| Investments—publicly traded securities | $8,612,212 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,885 |
| Total assets | $10,832,188 |
| Accounts payable and accrued expenses | $32,103 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $692,419 |
| 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 | $1,148,583 |
| Total liabilities | $1,873,105 |
| Net assets without donor restrictions | $3,006,264 |
| Net assets with donor restrictions | $5,952,819 |
| 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 | $10,832,188 |
Grants Awarded
Over the last fiscal year, Wichita Public Library Foundation Inc has awarded $445,306 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WICHITA PUBLIC LIBRARY PURPOSE: TO PURCHASE BOOKS AND MATERIALS FOR THE WICHITA PUBLIC LIBRARY | $222,653 |
WICHITA PUBLIC LIBRARY PURPOSE: TO PURCHASE BOOKS AND MATERIALS FOR THE WICHITA PUBLIC LIBRARY | $222,653 |
CITY OF WICHITA PURPOSE: TECHNOLOGY FOR THE WICHITA PUBLIC LIBRARY. | $0 |
CITY OF WICHITA PURPOSE: TECHNOLOGY FOR THE WICHITA PUBLIC LIBRARY. | $0 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Wichita Public Library Foundation Inc has recieved totaling $360,038.
| Awarding Organization | Amount |
|---|---|
Dwane L And Velma Lunt Wallace Wichita, KS PURPOSE: ADVANCED LEARNING CENTER LIBRARY PROJECT | $300,000 |
Arts Midwest Minneapolis, MN PURPOSE: Big Read | $20,000 |
Ruth Spooner@stone Charitable Trust Wichita, KS PURPOSE: GRANT | $15,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $15,000 |
Servant Foundation Overland Park, KS PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Endowment Analysis
| Beg. Balance | $5,024,456 |
| Earnings | $602,789 |
| Net Contributions | $13,445 |
| Other Expense | $295,150 |
| Ending Balance | $5,345,540 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Envision Xpress Inc Wichita, KS | $21,582,294 | $13,602,741 |
Kansas State Newman Foundation Manhattan, KS | $3,619,556 | $4,925,097 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Rockley Family Foundation Inc Golden, CO | $1,094,070 | $6,767,758 |
Castle Rock Lifelong Learning Center Castle Rock, CO | $14,698,293 | $9,801,652 |
Osteopathic Medical Education Consortium Of Oklahoma Inc Tulsa, OK | $3,495,258 | $6,319,915 |
Steamboat Springs Education Fund Steamboat Springs, CO | $4,415,852 | $5,543,622 |
Compass For Lifelong Discovery Carbondale, CO | $15,833,149 | $4,673,711 |
Northeast Community College Foundation Norfolk, NE | $33,653,579 | $4,360,839 |
Learning Tree Institute At Greenbush Girard, KS | $7,446,968 | $2,509,261 |