Enoch Pratt Free Library Of Baltimore City
- Assets
- $205.8m
- Revenue
- $57.3m
- Investments
- $1.6m
- Employees
- 49
- Location
- Baltimore, MD
- Founding
- 06/1976
- Data as of
- 06/2024
- EIN
- 52-6001143
Organization Overview
Enoch Pratt Free Library Of Baltimore City is located in Baltimore, MD. The organization was established in 1976. As of 06/2024, Enoch Pratt Free Library Of Baltimore City employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enoch Pratt Free Library Of Baltimore City 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 06/2024, Enoch Pratt Free Library Of Baltimore City generated $57.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $59.8m during the year ending 06/2024. While expenses have increased by 3.0% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ENOCH PRATT FREE LIBRARY IS TO EMPOWER ENRICH AND ENHANCE THE QUALITY OF LIFE FOR ALL THROUGH EQUITABLE ACCESS TO INFORMATION SERVICES AND OPPORTUNITY FOR ALL RICH AND POOR WITHOUT DISTINCTION OF RACE OR COLOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEIGHBORHOOD LIBRARY SERVICES NLS: THE PROGRAM IS RESPONSIBLE FOR THE OPERATION AND MAINTENANCE OF 21 NEIGHBORHOOD LIBRARIES AND FOR PICKUP AND DELIVERY OF MATERIALS FROM THOSE LOCATIONS. NEIGHBORHOOD LIBRARIES CIRCULATED 807,000 PHYSICAL ITEMS AS WELL AS A SHARE OF THE 1.54 MILLION IN TOTAL ELECTRONIC MATERIAL CIRCULATED. NLS PROVIDED ASSISTANCE ON 632,000 REFERENCE QUESTIONS AND HOSTED 5,880 PROGRAMS.
STATE LIBRARY RESOURCE CENTER SLRC: THE PROGRAM IS RESPONSIBLE FOR THE OPERATION OF THE CENTRAL LIBRARY WHICH ALSO SERVE AS THE MARYLAND STATE LIBRARY RESOURCE CENTER SLRC. UNLIKE OTHER STATES MARYLAND DOES NOT HAVE A STATE LIBRARY TO PROVIDE INTERLIBRARY LOAN REFERENCE STATE DEPOSITORY AND OTHER SPECIALIZED SERVICES. SLRC CIRCULATED 299,500 PHYSICAL ITEMS AS WELL AS A SHARE OF THE 1.54 MILLION IN ELECTRONIC MATERIAL CIRCULATED. SLRC PROVIDED ASSISTANCE ON 272,000 REFERENCE QUESTIONS AND WELCOMED 214,366 VISITORS A 46% INCREASE OVER THE PRIOR YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Daniel CEO | Officer | 36.7 | $256,600 |
Gordon Krabbe COO | Officer | 36.7 | $235,800 |
Darcell Graham Deputy Director Of Public Services | Officer | 36.7 | $199,800 |
Cynthia Monahan Director Institutional Advancement | 36.7 | $184,100 | |
Kenneth Clash Chief Operating Officer | Officer | 36.7 | $172,300 |
Victoria Raabe CFO | 36.7 | $146,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Price Modern Office Furniture And Design | 6/29/24 | $306,200 |
Mt Royal Printing Co Inc Printing | 6/29/24 | $299,600 |
Event Pro Live Llc Event Planning | 6/29/24 | $218,520 |
Janway Promotional Items | 6/29/24 | $218,520 |
Light Management Technologies Llc Cabling & Installation | 6/29/24 | $127,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $738,100 |
| Related organizations | $0 |
| Government grants | $46,123,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,739,900 |
| Noncash contributions included in lines 1a–1f | $2,662,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,601,600 |
| Total Program Service Revenue | $509,600 |
| Investment income | $1,048,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,700 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,125,900 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,288,050 |
| 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 | $24,168,000 |
| Pension plan accruals and contributions | $2,867,800 |
| Other employee benefits | $3,486,100 |
| Payroll taxes | $1,865,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,060 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $42,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $178,100 |
| Fees for services: Other | $2,272,500 |
| Advertising and promotion | $532,400 |
| Office expenses | $67,140 |
| Information technology | $1,757,300 |
| Royalties | $0 |
| Occupancy | $1,916,400 |
| Travel | $12,020 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $131,490 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,021,600 |
| Insurance | $419,200 |
| All other expenses | $2,457,100 |
| Total functional expenses | $59,789,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,002,100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,000 |
| 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 | $1,971,000 |
| Net Land, buildings, and equipment | $144,187,400 |
| Investments—publicly traded securities | $49,588,475 |
| Investments—other securities | $1,600,800 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,419,400 |
| Total assets | $205,827,175 |
| Accounts payable and accrued expenses | $4,409,700 |
| Grants payable | $0 |
| Deferred revenue | $3,505,700 |
| 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 | $3,951,775 |
| Total liabilities | $11,867,175 |
| Net assets without donor restrictions | $16,912,000 |
| Net assets with donor restrictions | $177,048,000 |
| 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 | $205,827,175 |