Wichita Public Library Foundation Inc
- Assets
- $9.2m
- Revenue
- $637.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Wichita, KS
- Founding
- 01/1988
- Data as of
- 12/2022
- 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. 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 12/2022, Wichita Public Library Foundation Inc generated $637.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $646.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 8 years. 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Decesaro Chairperson | OfficerTrustee | 1 | $0 |
Kevin Mcwhorter Vice President | OfficerTrustee | 1 | $0 |
Kellie Hogan Secretary | OfficerTrustee | 1 | $0 |
Alan Howarter Treasurer | OfficerTrustee | 1 | $0 |
Jaime Nix Director Of Libraries | OfficerTrustee | 3 | $0 |
Mary Eves Board Member | Trustee | 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 | $423,615 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $423,615 |
| Total Program Service Revenue | $0 |
| Investment income | $110,039 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $103,710 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $637,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $156,229 |
| 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. | $134,492 |
| Compensation of current officers, directors, key employees. | $67,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,918 |
| Pension plan accruals and contributions | $5,652 |
| Other employee benefits | $13,062 |
| Payroll taxes | $14,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,145 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,634 |
| Advertising and promotion | $38,758 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6 |
| 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 | $534 |
| Insurance | $2,149 |
| All other expenses | $28,574 |
| Total functional expenses | $646,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,040 |
| Savings and temporary cash investments | $758,210 |
| Pledges and grants receivable | $1,311,247 |
| 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 | $10,675 |
| Net Land, buildings, and equipment | $752 |
| Investments—publicly traded securities | $6,985,498 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,477 |
| Total assets | $9,163,763 |
| Accounts payable and accrued expenses | $27,369 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $909,809 |
| 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 | $874,041 |
| Total liabilities | $1,811,219 |
| Net assets without donor restrictions | $2,308,985 |
| Net assets with donor restrictions | $5,043,559 |
| 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 | $9,163,763 |
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 |
CITY OF WICHITA PURPOSE: TECHNOLOGY FOR THE WICHITA PUBLIC LIBRARY. | $0 |
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 |