National Home Library Foundation
- Assets
- $631.4k
- Revenue
- $47.3k
- Investments
- $586.5k
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 04/1964
- Data as of
- 12/2023
- EIN
- 52-6051013
Organization Overview
National Home Library Foundation is located in Chevy Chase, MD. The organization was established in 1964. 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. National Home Library Foundation 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 12/2023, National Home Library Foundation generated $47.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $63.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, National Home Library Foundation has awarded 115 individual grants totaling $310,822. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISTRIBUTED GRANTS TO VARIOUS ORGANIZATIONS DURING 2023 TOTALING $40,521. THESE GRANTS HELP THE FOUNDATION MEETS ITS OBJECTIVE TO ASSIST IN THE DISTRIBUTION OF BOOKS AND OTHER FORMS OF READING MATERIALS TO LIBRARIES AND COMMUNITY GROUPS WITH LIMITED RESOURCES OR ABILITIES TO OTHERWISE PROCURE THESE MATERIALS. -TO ASSIST IN THE SUPPORT, PROMOTION AND DEVELOPMENT OF PROGRAMS WITH THE GOAL OF COMBATING ILLITERACY AND/OR ENCOURAGING AN INTEREST IN READING AND THE LITERARY ARTS AMONG ALL AGES. -TO ENCOURAGE THE DEVELOPMENT OF PROGRAMS RELATING PRIMARILY TO LITERARY OR CULTURAL TOPICS THAT UTILIZE VARIOUS MEANS OF COMMUNICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda J Robb President | 0 | $0 | |
Sue Bell Treasurer | 0 | $0 | |
Ervin S Duggan Trustee | 1 | $0 | |
Michael R Gardner Trustee | 0 | $0 | |
Kathleen Mccampbell Vance Vice President | 0 | $0 | |
Vandna Wendy Bhagat Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,798 |
| Dividends & Interest | $10,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,716 |
| Capital Gain Net Income | $26,716 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,340 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $905 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,408 |
| Total operating and administrative expenses | $23,148 |
| Contributions, gifts, grants paid | $40,521 |
| Total expenses and disbursements | $63,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,908 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $631,409 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, National Home Library Foundation has awarded $40,521 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
DEPAUL COMMUNITY RESOURCES PURPOSE: FOR THE PURCHASE OF BOOKS (INCLUDING E-BOOKS)AND RELATED COMMUNICATIONS MATERIALS.THIS GRANT SHOULD COVER MOST OF THEIR GRANT REQUEST, EX | $5,021 |
WE NEED DIVERSE BOOKS PURPOSE: TO PROVIDE FREE DIVERSE BOOKS TO SCHOOLS AND LIBRARIES AROUND THE COUNTRY. | $5,000 |
TAKING EFFECTIVE ACTION INC PURPOSE: FOR THE PURCHASE OF BOOKS AND COMMUNICATION MATERIALS | $3,500 |
THE FAMILY PLACE PURPOSE: FOR THE PURCHASE OF BOOKS | $5,000 |
EDUCATE FAIRFAX PURPOSE: FOR THE PURCHASE OF BOOKS | $4,500 |
EASTERN SHORE LITERACY COUNCIL INC PURPOSE: FOR THE PURCHASE OF BOOKS | $5,000 |