Foundation For Baltimore County Public Library Inc
- Assets
- $2.5m
- Revenue
- $590.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Towson, MD
- Founding
- 10/1990
- Data as of
- 06/2021
- EIN
- 52-1695801
Organization Overview
Foundation For Baltimore County Public Library Inc is located in Towson, MD. The organization was established in 1990. 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. Foundation For Baltimore County Public 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 06/2021, Foundation For Baltimore County Public Library Inc generated $590.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $179.6k during the year ending 06/2021. While expenses have increased by 12.6% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES ADDITIONAL RESOURCES TO ENRICH THE LIBRARY'S COMMITMENT TO EMPOWER THE CITIZENS OF BALTIMORE COUNTY TO EXPLORE, LEARN, CREATE AND CONNECT.
Describe the Organization's Program Activity:
TO CONTINUE SUPPORT TO THE LIBRARY AND ITS BRANCHES BY PROVIDING ADDITIONAL RESOURCES TO BE USED BY THE PUBLIC, INCLUDING OPPORTUNITIES FOR LITERACY, READING ENRICHMENT, AND LIFELONG LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
York Ellen President | OfficerTrustee | 1 | $0 |
Richardson Nicholas Vice President | OfficerTrustee | 1 | $0 |
Shutz Stephen Treasurer | OfficerTrustee | 1 | $0 |
Conner Marisa Member | Trustee | 1 | $0 |
Devan Emily Member | Trustee | 1 | $0 |
Marks David Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,015 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $515,122 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $544,137 |
| Total Program Service Revenue | $0 |
| Investment income | $179 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,917 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,097 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $590,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $141,364 |
| 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 | $316 |
| Fees for services: Accounting | $15,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,496 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,321 |
| Information technology | $3,321 |
| 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 | $66 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,770 |
| All other expenses | $2,825 |
| Total functional expenses | $179,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $687,704 |
| Savings and temporary cash investments | $356,364 |
| Pledges and grants receivable | $200,000 |
| 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 | $3,953 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,278,104 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,526,125 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $14,728 |
| Deferred revenue | $6,031 |
| 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 | $20,759 |
| Net assets without donor restrictions | $2,146,815 |
| Net assets with donor restrictions | $358,551 |
| 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 | $2,526,125 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Baltimore County Public Library Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
David W Buck Family Foundation Inc Sparks, MD PURPOSE: GENERAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $1,016,476 |
| Earnings | $261,868 |
| Ending Balance | $1,278,344 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Naval Academy Foundation Inc Annapolis, MD | $305,968,176 | $47,603,619 |
Umuc Ventures Inc Bethesda, MD | $44,098,237 | $47,696,802 |
The Malala Fund Washington, DC | $40,557,471 | $29,060,686 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Building Hope Finance Washington, DC | $123,995,340 | $7,003,194 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Dc Public Education Fund Washington, DC | $19,324,284 | $7,024,090 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
Mastery Charter Schools Foundation Philadelphia, PA | $112,317,090 | $8,533,885 |
National Automatic Sprinkler 669 Va Education Fund Columbia, MD | $15,668,623 | $8,120,660 |
United States Japan Foundation Owings Mills, MD | $106,169,200 | $4,759,214 |