Friends Of Jefferson-Madison Regional Library Inc
- Assets
- $2.9m
- Revenue
- $398.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Charlottesville, VA
- Founding
- 11/1972
- Data as of
- 06/2021
- EIN
- 54-0834830
Organization Overview
Friends Of Jefferson-Madison Regional Library Inc is located in Charlottesville, VA. The organization was established in 1972. As of 06/2021, Friends Of Jefferson-Madison Regional Library Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Jefferson-Madison Regional 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, Friends Of Jefferson-Madison Regional Library Inc generated $398.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $249.4k during the year ending 06/2021. While expenses have increased by 0.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR THE REGIONAL PUBLIC LIBRARY SYSTEM: A. TO MAINTAIN AN ASSOCIATION OF PERSONS INTERESTED IN THE WELFARE OF THE JEFFERSON-MADISON REGIONAL LIBRARY SYSTEM. B. TO FOCUS PUBLIC ATTENTION ON THE LIBRARY. C. TO STIMULATE THE USE OF THE LIBRARY'S RESOURCES AND SERVICES. D. TO RECEIVE AND ENCOURAGE GIFTS, ENDOWMENTS, AND BEQUESTS TO THE LIBRARY. E. TO SUPPORT AND COOPERATE WITH THE LIBRARY IN DEVELOPING LIBRARY SERVICES AND FACILITIES FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF THE LIBRARY PROVIDES SUPPORT FOR CHILDRENS' PROGRAMS
FRIENDS OF THE LIBRARY PROVIDES SUPPORT FOR YOUNG ADULT PROGRAMS.
FRIENDS OF THE LIBRARY PROVIDES SUPPORT FOR COMMUNITY PROGRAMS.
FRIENDS OF THE LIBRARY PROVIDES MAJOR GRANTS FOR THE DESIGN, CONSTRUCTION AND OUTFITTING OF NEW BRANCHES. IT ALSO PROVIDES SUPPORT FOR BOOKS BEHIND BARS; THE VIRGINIA LIBRARY ASSOCIATION'S LEGISLATIVE EFFORTS; AND THE VIRGINIA FESTIVAL OF THE BOOK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Craig Recording Se | Officer | 1 | $0 |
Proal Heartwell President | Officer | 1 | $0 |
Peter Mcintosh Treasurer | Officer | 1 | $0 |
Bill Schrader Vice Preside | Officer | 1 | $0 |
Nancy Damon Correspond S | Officer | 1 | $0 |
Stephanie Commander Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $353,506 |
| Investment income | $1,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $43,175 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $398,633 |
| Statement of Expenses | |
|---|---|
| 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 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 | $146 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,128 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,048 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,298 |
| Information technology | $35 |
| Royalties | $0 |
| Occupancy | $977 |
| 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 | $905 |
| All other expenses | $0 |
| Total functional expenses | $249,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,603 |
| Savings and temporary cash investments | $162,301 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,545,559 |
| Total assets | $2,869,463 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,776 |
| Total liabilities | $1,776 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,867,687 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of Jefferson-Madison Regional Library Inc has recieved totaling $17,271.
| Awarding Organization | Amount |
|---|---|
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: BOOKS BEHIND BARS | $10,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,271 |
Endowment Analysis
| Beg. Balance | $2,473,785 |
| Admin Expense | $36,048 |
| Net Contributions | $254,902 |
| Other Expense | $147,080 |
| Ending Balance | $2,545,559 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Enoch Pratt Free Library Of Baltimore City Baltimore, MD | $234,974,900 | $48,157,400 |
Lexington Public Library Lexington, KY | $48,466,600 | $19,057,212 |
Queen Annes County Free Library Centreville, MD | $3,534,978 | $5,055,509 |
Eastern Shore Regional Library Inc Salisbury, MD | $2,252,181 | $3,366,767 |
Northwestern Regional Library Elkin, NC | $2,333,593 | $2,751,748 |
Rockingham Library Association Harrisonburg, VA | $9,275,406 | $2,755,751 |
Johnson City Public Library Johnson City, TN | $2,269,696 | $2,425,366 |
Allegany County Library Cumberland, MD | $9,347,063 | $4,796,279 |
Danville Library Inc Danville, KY | $6,580,525 | $1,263,979 |
Talbot County Free Library Association Incorporated Easton, MD | $994,962 | $2,019,680 |
Public Library Of Johnston County And Smithfield Smithfield, NC | $1,928,759 | $1,465,964 |
Samuels Library Inc Front Royal, VA | $1,258,942 | $1,396,617 |