Tulsa Library Trust
- Assets
- $27.6m
- Revenue
- $1.7m
- Investments
- $1.1m
- Employees
- 1
- Location
- Tulsa, OK
- Founding
- 01/1976
- Data as of
- 06/2021
- EIN
- 51-0165881
Organization Overview
Tulsa Library Trust is located in Tulsa, OK. The organization was established in 1976. 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. Tulsa Library Trust 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 06/2021, Tulsa Library Trust generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $638.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (43.7%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT THE TULSA CITY COUNTY LIBRARY SYSTEM (TCCL)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING TCCL'S EFFORTS TO PROVIDE SERVICES TO THE HALF-MILLION CHILDREN, TEENS, AND ADULTS WHO USE THE LIBRARY. THE TRUST STRIVES TO CULTIVATE THE LOVE OF READING AND LIFE LONG LEARNING BY OFFERING UNIQUE PROGRAMS, SERVICES, AND RESOURCES TO COMMUNITIES IN TULSA COUNTY, THESE PROGRAMS, SERVICES, AND RESOURCES INCLUDE:1) LITERACY AND ESL SALARY SUPPORT2) LITERACY TUTOR SUPPORT3) TCCL STAFF SUPPORT4) TCCL/TLT VOLUNTEER RECOGNITION5) LIBRARY LANDSCAPING6) MATERIALS PURCHASES (BOOKS, RECORDED MATERIALS, DIGITAL MATERIALS, GIVE-AWAY BOOKS)7) BRANCH PROGRAMMING FOR ALL AGES (INFANTS, PRESCHOOL THROUGH HIGH SCHOOL, YOUNG ADULT AND ADULT)8) BOOKMOBILE AND OUTREACH PROGRAMMING9) RESOURCE CENTER PROGRAMS (AFRICAN AMERICAN, HISPANIC, AMERICAN INDIAN AND GENEALOGY)10) YOUNG PEOPLE'S CREATIVE WRITING CONTEST11) ANY GIVEN CHILD PROGRAM12) MISCELLANEOUS TCCL SUPPORT IN AREAS OF MARKETING, PRINTING, AND TRAINING
TCCL'S SUMMER LIBRARY READING PROGRAM FOR CHILDREN, YOUNG ADULTS AND ADULTS, SPONSORED BY THE TULSA LIBRARY TRUST. THE PROGRAM HELPS SET SUMMER READING GOALS FOR ITS PARTICIPANTS. PARTICIPANTS RECEIVE PRIZES FOR REACHING THESE GOALS. NUMEROUS EVENTS AND ACTIVITIES ARE HELD AT BRANCHES THROUGHOUT THE SUMMER TO PROMOTE READING. APPROXIMATELY 51,000 PEOPLE SIGN UP FOR THE PROGRAM, AND APPROXIMATELY 46% OF THE PARTICIPANTS COMPLETE THE PROGRAM/ACHIEVE THE SET READING GOAL.
AUTHOR PROGRAMS: THE TULSA LIBRARY TRUST SUPPORTS LITERACY AND READING BY PROVIDING FUNDING FOR AUTHOR AWARDS AND SUPPORT FOR NUMEROUS AUTHOR PROGRAMS AT TCCL. THE AWARDS GIVEN BY THE TULSA LIBRARY TRUST INCLUDE:-THE HELMERICH DISTINGUISHED AUTHOR AWARD, THE ANNE V. ZARROW AWARD FOR YOUNG READERS, THE SANKOFA FREEDOM AWARD HONORING AN AFRICAN AMERICAN WRITER, THE AMERICAN INDIAN WRITERS AWARD, AND THE BOOKS TO TREASURE ILLUSTRATOR AWARD.-TEEN READ MONTH WHICH INCLUDES PRESENTATIONS BY NATIONALLY KNOWN YOUNG ADULT/GRAPHIC NOVEL AUTHORS, THE ONE BOOK ONE TULSA AND CHAPTERS EVENTS FOR NATIONALLY KNOWN AUTHORS, AND NUMEROUS SMALLER BRANCH PROGRAMS FEATURING LOCAL AND REGIONAL AUTHORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Easterling Executive Dir. | Officer | 40 | $128,581 |
Isaac Ellis President-Elect | OfficerTrustee | 0.5 | $0 |
Brianna Ghosn Treasurer | OfficerTrustee | 0.5 | $0 |
Paul Johnson President | OfficerTrustee | 0.5 | $0 |
Annette Lafortune Murray Secretary | OfficerTrustee | 0.5 | $0 |
Jordan Helmerich Member | Trustee | 0.5 | $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 | $356,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,805 |
| Total Program Service Revenue | $0 |
| Investment income | $309,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,065,668 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,731,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,302 |
| 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. | $127,053 |
| Compensation of current officers, directors, key employees. | $95,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,146 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $355 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $154,838 |
| Total functional expenses | $638,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $893,763 |
| 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 | $25,618,981 |
| Investments—other securities | $1,074,044 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,340 |
| Total assets | $27,607,128 |
| Accounts payable and accrued expenses | $46,599 |
| 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 | $206,118 |
| Total liabilities | $252,717 |
| Net assets without donor restrictions | $10,413,730 |
| Net assets with donor restrictions | $16,940,681 |
| 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 | $27,607,128 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Tulsa Library Trust has recieved totaling $131,174.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $90,664 |
James D & Cathryn M Moore Foundation Tulsa, OK PURPOSE: LIBRARY SERVICES | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $335 |
Sneed Foundation Inc Norman, OK PURPOSE: GENERAL | $175 |
Endowment Analysis
| Beg. Balance | $11,137,226 |
| Earnings | $3,529,274 |
| Net Contributions | $233,233 |
| Other Expense | $1,009,444 |
| Ending Balance | $13,890,289 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |