Pierce County Library Foundation
- Assets
- $2.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 02/1976
- Data as of
- 12/2023
- EIN
- 51-0180293
Organization Overview
Pierce County Library Foundation is located in Tacoma, WA. 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. Pierce County Library Foundation 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 12/2023, Pierce County Library Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $705.0k during the year ending 12/2023. While expenses have increased by 8.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES FUNDS IN SUPPORT OF SERVICES AND PROGRAMS OF THE PIERCE COUNTY LIBRARY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS FOR SUMMER READING SUPPORTED BOOK GIVEAWAYS FOR CHILDREN AGED BIRTH THROUGH FIVE, AND AGED SIX THROUGH EIGHTEEN TO PROMOTE AND STRENGTHEN LITERACY LEVELS.
THE PIERCE COUNTY LIBRARY FOUNDATION PROVIDED FUNDS TO SUPPORT VARIOUS LIBRARY PROGRAMS WITH EXPENSES FOR BOOKS, RESOURCES, IMPROVEMENTS TO LIBRARY BRANCHES, AND THE ABILITY TO OFFER GIFTS AND ENTERTAINMENT PASSES AS PRIZES FOR LIBRARY PROGRAMS.
E-BOOKS AND E-AUDIO BOOKS WERE IN INCREASED DEMAND BY OUR COMMUNITY CAUSED BY THE COVID-19 PANDEMIC AND REDUCED PHYSICAL MATERIAL DISTRIBUTION. SENIORS NOW HAVE ACCESS TO MANY TITLES VIA E-BOOKS AND CAN SET THE FONT SIZE AS LARGE AS NECESSARY OR LISTEN TO AN EVER EXPANDING LIST OF E-AUDIO BOOKS. CUSTOMERS OF ALL AGES INCREASED THEIR DIGITAL ACCESSIBILITY.
ON THE ROAD - THE FOUNDATION PURCHASED GIVEAWAY BOOKS FOR CHILDREN WHO EITHER LACK ACCESS TO OUR PHYSICAL LIBRARY LOCATIONS OR RESOURCES TO BUILD THEIR OWN HOME LIBRARIES. RESEARCH HAS PROVEN THAT BOOKS IN THE HOUSEHOLD INSPIRE READING, AND PROMOTE AND STRENGTHEN LITERACY LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Colebank President | OfficerTrustee | 0.5 | $0 |
Mary Moser Vice President | OfficerTrustee | 0.5 | $0 |
Thalia Soliman Treasurer | OfficerTrustee | 0.5 | $0 |
Esmeralda Switzer Secretary | OfficerTrustee | 0.5 | $0 |
Elizabeth Lufkin Director | Trustee | 0.5 | $0 |
Eli Taylor Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,237 |
| Related organizations | $0 |
| Government grants | $84,387 |
| All other contributions, gifts, grants, and similar amounts not included above | $914,260 |
| Noncash contributions included in lines 1a–1f | $236,886 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,031,884 |
| Total Program Service Revenue | $0 |
| Investment income | $29,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$27,466 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,034,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $408,629 |
| 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 | $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 | $25,593 |
| Advertising and promotion | $5,110 |
| Office expenses | $644 |
| 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 | $976 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $924 |
| All other expenses | $285 |
| Total functional expenses | $704,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,410,749 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $254,556 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $307,870 |
| Total assets | $1,973,175 |
| Accounts payable and accrued expenses | $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 | $0 |
| Total liabilities | $250 |
| Net assets without donor restrictions | $1,381,100 |
| Net assets with donor restrictions | $591,825 |
| 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 | $1,973,175 |
Grants Awarded
Over the last fiscal year, Pierce County Library Foundation has awarded $278,125 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PIERCE COUNTY RURAL LIBRARY DISTRICT PURPOSE: GRANTS ARE AWARDED TO THE PIERCE COUNTY LIBRARY SYSTEM IN SUPPORT OF THE PROGRAMS DESIGNATED BY THE DONORS ADDITIONAL GRANTS ARE DESIGNATED BY THE BOARD OF DIRECTORS TO SUPPORT LIBRARY PROGRAMS AND SERVICES. | $278,125 |