Friends Of The Library Montgomery County Md Inc is located in Rockville, MD. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Friends Of The Library Montgomery County MD Inc employed 26 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Friends Of The Library Montgomery County MD 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 06/2022, Friends Of The Library Montgomery County MD Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 6.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN, PROMOTE, AND CHAMPION MONTGOMERY COUNTY PUBLIC LIBRARIES (MCPL), FOR IT TO BETTER SERVE THE INTERESTS AND NEEDS OF THE DIVERSE AND CHANGING COMMUNITIES OF THE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF THE LIBRARY, MONTGOMERY COUNTY, INC. (FOLMC) SUPPORTS MONTGOMERY COUNTY PUBLIC LIBRARIES (MCPL) AND PROMOTES LIFELONG LEARNING IN MONTGOMERY COUNTY, MD BY PROVIDING SUPPLEMENTAL FUNDING, PROGRAMS, AND MATERIALS AND EQUIPMENT TO MCPL TO AUGMENT PUBLIC FUNDING. FOLMC'S PRIMARY SOURCE OF FUNDING COMES FROM THE SALE OF DONATED BOOKS. MAJOR PROJECTS THAT FOLMC HAS SUPPORTED INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: LIBRARY AFTER DARK GALA: IN APRIL 2015 WE HELD OUR FIRST ANNUAL LIBRARY AFTER DARK (LAD) GALA. THIS EVENT CELEBRATES THE VALUE OF LIBRARIES AND RECOGNIZES THE STAFF, VOLUNTEERS, CONTRIBUTORS, AND LEADERS THAT MAKE MONTGOMERY COUNTY PUBLIC LIBRARIES (MCPL) AN OUTSTANDING, NATIONALLY-RECOGNIZED SYSTEM. THREE AWARDS ARE PRESENTED TO HIGHLY DEDICATED LIBRARY SUPPORTERS, STAFF, AND PARTNERS WHILE NEW DONORS AND FUNDERS WERE ENGAGED THROUGH FUNDRAISING EFFORTS. FUNDS RAISED FROM LAD DIRECTLY BENEFIT FOLMC IN SUPPORT OF MCPL. THIS IS AN ANNUAL EVENT THAT OCCURS DURING NATIONAL LIBRARIES WEEK. DUE TO COVID-19 THE EVENT WAS NOT CONDUCTED IN FY22. VINYL RECORD FESTIVAL: FOLMC INITIATED ITS FIRST ANNUAL VINYL RECORD DAY - "JUST FOR THE RECORD," WITH MCPL AND OTHER COMMUNITY PARTNERS IN 2018 DUE TO THE RESURGENCE OF VINYL IN EVERYDAY CULTURE. THE EVENT TOOK PLACE AT A LIBRARY AND INCLUDED EXPERT PANELISTS ON VINYL RECORDS AND VINYL RECORD COLLECTING, INCLUDING RECORD ENTHUSIAST JOHN CORBETT, AUTHOR OF VINYL FREAK. NEARLY 300 PEOPLE PARTICIPATE IN ACTIVITIES INCLUDING A VINYL RECORD SALE, A LIVE DJ, AND MAKERSPACE PROJECTS TO REPURPOSE DAMAGED VINYL. IN FY22, THE FESTIVAL WAS CELEBRATED AT THE ROCKVILLE BOOKSTORE. CONTEMPORARY CONVERSATIONS: THIS SERIES BEGAN IN FY17 AND IS A COLLABORATION BETWEEN MCPL AND FOLMC LED BY THE OFFICE OF THE COUNTY EXECUTIVE. THE GOAL IS TO BRING NOTABLE SPEAKERS TO THE COUNTY'S LIBRARIES FOR TIMELY CONVERSATIONS ABOUT ISSUES THE COMMUNITY, COUNTY, AND COUNTRY FACE. THIS SERIES HAS BEEN ADAPTED FOR A VIRTUAL ENVIRONMENT. WORKSHOPS/CLASSES: FOLMC FUNDS THE ADVANCEMENT AND TRAINING FOR THE ENTIRE MCPL STAFF AT AN ANNUAL STAFF DEVELOPMENT DAY WORKSHOP. STAFF SKILLS ARE STRENGTHENED THROUGH TEAM-BUILDING AND NETWORKING ACTIVITIES AND AS WELL AS CUSTOMER SERVICE AND TECHNOLOGY TRAINING TO BETTER SERVE THE MONTGOMERY COUNTY COMMUNITY. MOSAIC: CELEBRATING DIVERSITY THROUGH CREATIVE WRITING: THIS ANNUAL PROGRAM TARGETS COUNTY MIDDLE SCHOOL STUDENTS AND PROVIDES A CONSTRUCTIVE OUTLET FOR CREATIVE EXPRESSION HIGHLIGHTING THE DIVERSE AND CULTURAL BACKGROUNDS OF THE STUDENTS. STUDENTS ARE ENCOURAGED TO WRITE ABOUT PERSONAL EXPERIENCES, FAMILY TRADITIONS, OR CULTURAL PERSPECTIVES THROUGH THE FORM OF POEMS, ESSAYS, OR SHORT STORIES. WINNING AND HONORABLE MENTION ENTRIES ARE PUBLISHED INTO AN ANTHOLOGY AND DISTRIBUTED TO THE SCHOOLS AND CATALOGED IN EACH LIBRARY BRANCH. WINNING AND HONORABLE MENTION STUDENTS ARE INVITED TO A RECEPTION IN MAY TO PRESENT FOR ONE MINUTE THEIR WORK, EXPERIENCE A KEYNOTE ADDRESS FROM A SUCCESSFUL AUTHOR, AND INTERACT WITH OTHER STUDENTS WITH SIMILAR INTERESTS. PARTNERS ARE MCPL AND MONTGOMERY COUNTY PUBLIC SCHOOLS. IN 2020 THIS PROGRAM WAS EXPANDED TO INCLUDE THREE WRITING WORKSHOPS AND WAS APPROVED FOR MCPS FOR COMMUNITY SERVICE OPPORTUNITIES. DUE TO COVID-19 THIS PROGRAM HAS BEEN ADAPTED TO A VIRTUAL ENVIORNMENT. LIBRARY LOVERS MONTH: EVERY FEBRUARY ACTIVITIES TAKE PLACE IN ALL MCPL BRANCHES TO CELEBRATE THE IMPORTANCE OF LIBRARIES IN OUR COUNTY. A KICKOFF IS HELD WITH FAMILY ENTERTAINMENT AND ACTIVITIES FOR CHILDREN. ALL MONTH LONG PATRONS AT EVERY BRANCH ARE ENCOURAGED TO COMPLETE POSTCARDS DESCRIBING WHY THEY LOVE THEIR LIBRARY. DUE TO COVID-19 THIS PROGRAM WAS ADAPTED TO A VIRTUAL ENVIRONMENT. MEMBERSHIP, CHAPTER, AND LIBRARY SUPPORTER EVENTS: A VARIETY OF EVENTS ARE HELD THROUGHOUT THE YEAR TO CONNECT THE CHAPTERS, FOLMC MEMBERSHIP, AND OTHER COMMUNITY MEMBERS WHICH FOCUS ON SUPPORTING AND CHAMPIONING THE LIBRARY COMMUNITY. ATTENDEES ENGAGE IN NETWORKING, BRAINSTORMING, AND GENERAL PLANNING FOR FUTURE LIBRARY INITIATIVES AND GOALS. DUE TO COVID-19 THIS PROGRAM HAS BEEN ADAPTED TO A VIRTUAL ENVIRONMENT. OTHER MCPL PROGRAMS AND EVENTS (SPONSORED BY FOLMC AND OUR CHAPTERS): FOLMC EXCLUSIVELY FUNDS THE SUMMER READING PROGRAM FOR CHILDREN. OTHER EVENTS INCLUDE ENGLISH CONVERSATION CLUBS (FOR PATRONS LOOKING TO PRACTICE ENGLISH SPEAKING SKILLS), BOOK DISCUSSION GROUPS, CHILDREN'S STORYTIMES, SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) PROGRAMS, COMMUNITY CELEBRATIONS, AND MORE. WE ALSO FUND GRANTS TO MCPL WHICH SUPPORT A VARIETY OF INITIATIVES INCLUDING: EARLY LITERACY CENTERS, COMPUTER STATIONS, AND DISCOVERY ROOMS FOR CHILDREN; GO! KITS - TAKE-HOME TECHNOLOGY PACKS WHICH INCLUDE BOOKS, SCIENCE KITS, AND IPADS PRE-LOADED WITH EDUCATIONAL APPS; STEM STATIONS AND VARIOUS OTHER PILOTED TECHNOLOGIES AND SOFTWARE. BOOKSTORES (ROCKVILLE AND WHEATON) AND OUTREACH ACTIVITIES: FOLMC OPERATES TWO AWARD-WINNING USED BOOKSTORES THAT PROVIDE QUALITY, GENTLY-USED MATERIALS AT AFFORDABLE PRICES TO CUSTOMERS ACROSS THE COUNTY. THE BOOKSTORE REVENUE SUPPORTS FOLMC PROGRAM EXPENSES AND FUNDS OTHER MCPL PROGRAMS AND INITIATIVES. OUR BOOKSTORES SERVE AS COMMUNITY STAPLES AND ARE HIGHLY REGARDED FOR HAVING A VARIETY OF QUALITY MATERIALS AND KNOWLEDGEABLE STAFF AND VOLUNTEERS. BOTH BOOKSTORES TEMPORARILY CLOSED DUE TO COVID-19. ROCKVILLE BOOKSTORE RE-OPENED IN JUNE 2020. WHEATON BOOKSTORE RE-OPENED AT THE END OF JUNE 2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Trustee | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $20,693 |
Fundraising events | $3,209 |
Related organizations | $0 |
Government grants | $186,041 |
All other contributions, gifts, grants, and similar amounts not included above | $1,932,957 |
Noncash contributions included in lines 1a–1f | $1,212,138 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,142,900 |
Total Program Service Revenue | $400 |
Investment income | $6,923 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$688 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$210,411 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,939,124 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $47,142 |
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. | $132,310 |
Compensation of current officers, directors, key employees. | $45,400 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $408,257 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $23,834 |
Payroll taxes | $42,108 |
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 | $176,029 |
Advertising and promotion | $2,810 |
Office expenses | $22,867 |
Information technology | $47,814 |
Royalties | $0 |
Occupancy | $308,664 |
Travel | $16,221 |
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 | $6,307 |
Insurance | $13,265 |
All other expenses | $1,107 |
Total functional expenses | $1,368,216 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $776,194 |
Savings and temporary cash investments | $839,866 |
Pledges and grants receivable | $5,300 |
Accounts receivable, net | $25,489 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $545,640 |
Prepaid expenses and deferred charges | $16,720 |
Net Land, buildings, and equipment | $6,145 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $10,480 |
Total assets | $2,225,834 |
Accounts payable and accrued expenses | $140,339 |
Grants payable | $46,905 |
Deferred revenue | $1,394 |
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 | $183,427 |
Total liabilities | $372,065 |
Net assets without donor restrictions | $1,126,577 |
Net assets with donor restrictions | $727,192 |
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 | $2,225,834 |
Over the last fiscal year, we have identified 4 grants that Friends Of The Library Montgomery County Md Inc has recieved totaling $120,154.
Awarding Organization | Amount |
---|---|
Arts And Humanities Council Of Montgomery County In Silver Spring, MD PURPOSE: GENERAL OPERATING SUPPORT | $64,240 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $49,313 |
United Way Of The National Capital Area Vienna, VA PURPOSE: DESIGNATED AND/OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $6,453 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $148 |
Beg. Balance | $29,818 |
Earnings | $26 |
Ending Balance | $29,844 |
Organization Name | Assets | Revenue |
---|---|---|
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |