Portsmouth Public Library Foundation
- Assets
- $164.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portsmouth, VA
- Founding
- 01/1995
- Data as of
- 12/2020
- EIN
- 54-1556607
Organization Overview
Portsmouth Public Library Foundation is located in Portsmouth, VA. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portsmouth Public 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 12/2020, Portsmouth Public Library Foundation generated $16.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (32.1%) each year. All expenses for the organization totaled $29.9k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Gupta President | 1 | $0 | |
Macon Williams Treasurer | 1 | $0 | |
Wanda Russo Vice Preside | 1 | $0 | |
Deborah Hines Director | 0.25 | $0 | |
Preston Vaughan Director | 0.25 | $0 | |
Todd Elliott Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,247 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $152 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $16,399 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $788 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $104 |
| Other expenses | $28,995 |
| Total expenses | $29,887 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,043 |
| Other assets | $0 |
| Total assets | $164,320 |
| Total liabilities | $0 |
| Net assets or fund balances | $164,320 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Portsmouth Public Library Foundation has recieved totaling $16.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Smyth County Public Library Marion, VA | $606,051 | $1,163,430 |
Lexington Public Library Foundation Lexington, KY | $804,427 | $226,813 |