Friends Of The South Coastal Library Inc
- Assets
- $570.8k
- Revenue
- $75.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethany Beach, DE
- Founding
- 11/1988
- Data as of
- 12/2021
- EIN
- 51-0310912
Organization Overview
Friends Of The South Coastal Library Inc is located in Bethany Beach, DE. The organization was established in 1988. 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. Friends Of The South Coastal Library 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, Friends Of The South Coastal Library Inc generated $75.6k 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 (6.4%) each year. All expenses for the organization totaled $89.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 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
SUPPORT SERVICES AND RESOURCES TO THE SOUTH COASTAL LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED SERVICES OF LIBRARY BY DEFRAYING COSTS OF FURNISHINGS, BOOKS, TAPES AND EQUIPMENT COSTS; PROVIDED RESOURCES TO THE LIBRARY BY FUNDING CONSTRUCTION OF LIBRARY EXPANSION; LIBRARY SERVICES COMMUNITIES OF LOWER SUSSEX COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Green Vice Preside | OfficerTrustee | 5 | $0 |
F Norbert Kraich Jr President | OfficerTrustee | 5 | $0 |
Anthony Parisi Treasurer | OfficerTrustee | 5 | $0 |
Helen N Pastis Recording Se | OfficerTrustee | 5 | $0 |
Constance M Dierman Director | Trustee | 1 | $0 |
Barb Calkins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $73,718 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,036 |
| Total Program Service Revenue | $609 |
| Investment income | $1,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$17,430 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $6,648 |
| 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 | $1,845 |
| 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 | $3,705 |
| All other expenses | $9,528 |
| Total functional expenses | $89,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,221 |
| Savings and temporary cash investments | $549,561 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $570,782 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $570,623 |
| Net assets with donor restrictions | $159 |
| 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 | $570,782 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friends Of The South Coastal Library Inc has recieved totaling $850.
| Awarding Organization | Amount |
|---|---|
Posner-Wallace Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $400 |
Garbutt Fam Charitable Tr Wilmington, DE PURPOSE: CHARITABLE | $250 |
Feldman Charitable Foundation Belleville, NJ PURPOSE: FOR RELIGIOUS, MEDICAL,EDUCATIONAL OR OTHER CHARITABLE | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Jersey Institute Of Technology Foundation Newark, NJ | $177,817,526 | $21,630,945 |
Johns Hopkins University Retiree Medical Benefits Tr Baltimore, MD | $393,460,709 | $90,822,229 |
Doctors Center Management Corporation Oceanport, NJ | $41,567 | $8,892,194 |
English-Bonter-Mitchell Foundation Pittsburgh, PA | $150,419,755 | $42,613,149 |
Delaware State University Foundation Inc Dover, DE | $37,335,368 | $19,092,791 |
Friends Of Team Academy Charter School A New Jersey Non-Profit Org Newark, NJ | $241,241,974 | $11,734,420 |
University Of Maryland Medical System Foundation Inc Baltimore, MD | $91,803,907 | $14,920,300 |
Montclair State University Foundation Inc Montclair, NJ | $109,561,235 | $13,284,004 |
Isaac Newton Foundation Inc Philadelphia, PA | $139,547,072 | $8,902,357 |
Annenberg School For Communication Tr At The University Of Pa Philadelphia, PA | $121,203,086 | $8,507,152 |
Clarion Universiy Foundation Inc Clarion, PA | $152,611,961 | $6,384,820 |
Central Pennsylvania School Employee Benefit Trust Bellefonte, PA | $7,410,494 | $6,984,249 |