Fairfax Library Foundation Inc
- Assets
- $6.7m
- Revenue
- $262.0k
- Investments
- $351.1k
- Employees
- 2
- Location
- Fairfax, VA
- Founding
- 02/1995
- Data as of
- 06/2023
- EIN
- 54-1722709
Organization Overview
Fairfax Library Foundation Inc is located in Fairfax, VA. The organization was established in 1995. As of 06/2023, Fairfax Library Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfax Library Foundation 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 06/2023, Fairfax Library Foundation Inc generated $262.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $474.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPLEMENTARY SUPPORT TO THE FAIRFAX COUNTY PUBLIC LIBRARY.
Describe the Organization's Program Activity:
BOOKS AND MATERIALSTHE FOUNDATION USES CONTRIBUTIONS TO FUND THE PURCHASE OF BOOKS AND MATERIALS FOR THE 23 LIBRARY BRANCHES. EXPANDING THE COLLECTION OF RESOURCES ALLOWS THE LIBRARY TO MAINTAIN THE MOST UP TO DATE MATERIALS, AS WELL AS TO PROVIDE NEW DIGITAL, PRINT, AND OTHER NON-PRINT MATERIALS TO KEEP UP WITH DEMAND. INDIVIDUALS CAN BUY AND DONATE HIGH-DEMAND BOOKS TO THE LIBRARY'S COLLECTION THROUGH THE FOUNDATION'S AMAZON.COM WISH LIST. THE WISH LIST ALSO ALLOWS CUSTOMERS TO PURCHASE ITEMS WHICH THEY WOULD PERSONALLY LIKE TO SEE AT THE LIBRARY AND TO SHORTEN WAITING LISTS ON POPULAR BOOKS.
READY TO READ EARLY LITERACY OUTREACHREADY TO READ IS AN EARLY LITERACY OUTREACH WHICH BRINGS THE FIRST ESSENTIAL SKILLS OF READING TO PRESCHOOL AGED CHILDREN (AGES 3-5). PRESCHOOLERS IN CHILD CARE CENTERS OR HEAD START CLASSROOMS ARE INTRODUCED TO THE JOYS OF READING BY AN OUTREACH REPRESENTATIVE THAT VISITS THE CHILDREN FOR STORY TIME. FOLLOWING THE READING SESSION, PICTURE BOOKS ARE GIVEN TO BOTH THE CHILDREN AND THEIR CAREGIVERS TO EXTEND THE BENEFITS OF EARLY LITERACY BY INCORPORATING BOOKS INTO EVERYDAY LIFE.THE PROGRAM TARGETS CHILDREN WHO ARE UNABLE OR ARE NOT TAKEN BY THEIR CAREGIVERS TO VISIT THE LIBRARY. IT HELPS TO FOSTER SKILLS AND EMPHASIZE CONCEPTS NEEDED FOR SCHOOL READINESS WHICH THEY MAY OTHERWISE LACK WHEN ATTENDING SCHOOL FOR THE FIRST TIME.
PRESENTATIONSPRESENTATIONS, INCLUDING FALL FOR THE BOOK AND THE SUMMER READING PROGRAM, REMAIN POPULAR ATTRACTIONS AT THE LIBRARY. THESE PRESENTATIONS ENCOURAGE MEMBERS TO SEEK ENJOYMENT FROM GREAT LITERATURE, HIGHLIGHTING THE IMPORTANCE OF READING, LITERACY, AND THE LIBRARY. EVENTS FOR ALL AGES DEMONSTRATE ABILITY OF THE LIBRARY TO BE USED AS A COMMUNITY GATHERING SPACE WHILE PROVIDING ENTERTAINING OR INFORMATIVE ACTIVITIES. PROGRAMS AND PRESENTATIONS SHOW THE OVERALL VERSATILITY OF SUCH A VALUABLE RESOURCE IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xande Anderer Director | Trustee | 35 | $14,688 |
Yolanda S Atkins Director | Trustee | 1 | $0 |
Kay DE Marco Director | Trustee | 1 | $0 |
Jennifer Disano Director | Trustee | 1 | $0 |
Puneet Goel Director | Trustee | 1 | $0 |
Eric Maribojoc Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $37,026 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $217,010 |
| Noncash contributions included in lines 1a–1f | $11,151 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,036 |
| Total Program Service Revenue | $4,905 |
| Investment income | $130,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$131,997 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,957 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $238,780 |
| Grants and other assistance to domestic individuals. | $51,209 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $18,838 |
| Compensation of current officers, directors, key employees. | $1,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,878 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,954 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,880 |
| Fees for services: Other | $5,567 |
| Advertising and promotion | $0 |
| Office expenses | $7,558 |
| Information technology | $7,549 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $172 |
| 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 | $508 |
| Insurance | $4,187 |
| All other expenses | $5,279 |
| Total functional expenses | $474,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,841 |
| Savings and temporary cash investments | $563,051 |
| Pledges and grants receivable | $6,064 |
| 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 | $21,071 |
| Net Land, buildings, and equipment | $2,834 |
| Investments—publicly traded securities | $5,473,461 |
| Investments—other securities | $351,077 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,538 |
| Total assets | $6,686,937 |
| Accounts payable and accrued expenses | $27,440 |
| Grants payable | $0 |
| Deferred revenue | $23,498 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $351,077 |
| 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 | $402,015 |
| Net assets without donor restrictions | $3,055,952 |
| Net assets with donor restrictions | $3,228,970 |
| 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 | $6,686,937 |