Friends Foundation Of The Cecil County Public Library Inc
- Assets
- $668.3k
- Revenue
- $153.6k
- Investments
- $0.0
- Employees
- 0
- Location
- North East, MD
- Founding
- 07/1958
- Data as of
- 06/2022
- EIN
- 52-6049235
Organization Overview
Friends Foundation Of The Cecil County Public Library Inc is located in North East, MD. The organization was established in 1958. 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 Foundation Of The Cecil 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 06/2022, Friends Foundation Of The Cecil County Public Library Inc generated $153.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $46.4k during the year ending 06/2022. While expenses have increased by 19.3% 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
FUNDING OF PROGRAMS THAT ENRICH THE CECIL COUNTY LIBRARY'S IMPACT ON ITS READING AND EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSION: TO ENRICH THE CECIL COUNTY LIBRARY'S IMPACT FUNDS AND TO SUPPORT THE ACTIVITIES AND OPERATION OF THE PUBLIC LIBRARIES IN CECIL COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Pugh Board Chair | Officer | 2 | $0 |
William Dallas Board Vice-Chair | Officer | 2 | $0 |
Christine Valuckas Treasurer | Officer | 2 | $0 |
Douglas Hill Director | Trustee | 1 | $0 |
Patricia Folk Director | Trustee | 1 | $0 |
Alycia Cloud Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,151 |
| Total Program Service Revenue | $0 |
| Investment income | $1,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,544 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,433 |
| 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 | $5,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,428 |
| Fees for services: Investment Management | $175 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $559 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $46,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,921 |
| Savings and temporary cash investments | $533,135 |
| Pledges and grants receivable | $18,567 |
| 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 | $49 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,670 |
| Total assets | $668,342 |
| Accounts payable and accrued expenses | $686 |
| Grants payable | $0 |
| Deferred revenue | $1,300 |
| 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 | $1,986 |
| Net assets without donor restrictions | $334,922 |
| Net assets with donor restrictions | $331,434 |
| 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 | $668,342 |
Grants Awarded
Over the last fiscal year, Friends Foundation Of The Cecil County Public Library Inc has awarded $284,134 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CECIL COUNTY PUBLIC LIBRARY PURPOSE: North East Library Enhancements | $256,359 |
CECIL COUNTY PUBLIC LIBRARY PURPOSE: Reading Programs | $27,775 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friends Foundation Of The Cecil County Public Library Inc has recieved totaling $17,690.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,936 |
Old Dominion Electric Cooperative Glen Allen, VA PURPOSE: GENERAL SUPPORT | $6,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $154 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Licensing & Ventures Group Charlottesville, VA | $21,114,215 | $9,580,641 |
Johns Hopkins University Retiree Medical Benefits Tr Baltimore, MD | $393,460,709 | $90,822,229 |
English-Bonter-Mitchell Foundation Pittsburgh, PA | $150,419,755 | $42,613,149 |
Duke Ellington School Of The Arts Project Washington, DC | $6,618,395 | $8,383,151 |
Delaware State University Foundation Inc Dover, DE | $37,335,368 | $19,092,791 |
Laborers-Employers Cooperation And Education Trust Washington, DC | $20,406,637 | $8,972,632 |
University Of Maryland Medical System Foundation Inc Baltimore, MD | $91,803,907 | $14,920,300 |
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 |
Marshall-Wythe School Of Law Foundation Williamsburg, VA | $56,391,482 | $7,245,738 |
Horatio Alger Endowment Fund Alexandria, VA | $322,951,010 | $58,271,352 |
Old Dominion Athletic Foundation Norfolk, VA | $75,318,666 | $6,634,127 |