National Home Library Foundation
- Assets
- $637.9k
- Revenue
- $101.5k
- Investments
- $620.5k
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 04/1964
- Data as of
- 12/2021
- 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 12/2021, National Home Library Foundation generated $101.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $86.5k during the year ending 12/2021. While expenses have increased by 11.1% 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.
Since 2015, National Home Library Foundation has awarded 79 individual grants totaling $193,446. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISTRIBUTED GRANTS TO VARIOUS ORGANIZATIONS DURING 2020 TOTALING $8,000. 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 |
|---|---|---|---|
Aisha Karimah Executive Dir. | 5 | $6,000 | |
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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,159 |
| Dividends & Interest | $12,176 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $82,206 |
| Capital Gain Net Income | $82,206 |
| Net ST Capital Gain | $210 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,541 |
| 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 | $958 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,210 |
| Total operating and administrative expenses | $28,952 |
| Contributions, gifts, grants paid | $57,556 |
| Total expenses and disbursements | $86,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,348 |
| 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 | $637,893 |
| 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 $57,556 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Roanoke, VA PURPOSE: FOR THE PURCHASE OF BOOKS (INCLUDING E-BOOKS)AND RELATED COMMUNICATIONS MATERIALS.THIS GRANT SHOULD COVER MOST OF THEIR GRANT REQUEST, EXCLUDING STAFF. | $10,000 |
CAMP FIRE PATUXENT AREA COUNCIL PURPOSE: LITERACY OUTREACH AND INCLUSION EFFORTS TO YOUTH AND FAMILIES. | $10,000 |
Bethesda, MD PURPOSE: TO PROVIDE FREE DIVERSE BOOKS TO SCHOOLS AND LIBRARIES AROUND THE COUNTRY. | $5,500 |
YMCA OF METROPOLITAN WASHINGTON PURPOSE: FOR THE PURCHASE OF BOOKS AND COMMUNICATION MATERIALS | $5,000 |
Potomac Falls, VA PURPOSE: FOR THE PURCHASE OF BOOKS AND COMMUNICATIONS MATERIALS | $5,000 |
Herndon, VA PURPOSE: FOR THE PURCHASE OF BOOKS AND COMMUNICATIONS MATERIALS | $5,000 |
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 |