The Culpeper Library Foundation Inc
- Assets
- $862.5k
- Revenue
- $71.8k
- Investments
- $783.4k
- Employees
- 0
- Location
- Culpeper, VA
- Founding
- 10/1995
- Data as of
- 06/2023
- EIN
- 54-1748524
Organization Overview
The Culpeper Library Foundation Inc is located in Culpeper, VA. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Culpeper 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, Culpeper Library Foundation Inc generated $71.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $56.9k during the year ending 06/2023. 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 |
|---|---|---|---|
Quintin Mullins Treasurer | 1 | $0 | |
Alan Myers Vice Chair | 1 | $0 | |
John J Davies Chairman Of The Board | 1 | $0 | |
Kim Jebson Director | 1 | $0 | |
Bruce Clark Director | 1 | $0 | |
Karen Carroll Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,025 |
| Interest on Savings | $15,353 |
| Dividends & Interest | $14,661 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,424 |
| Capital Gain Net Income | $35,424 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $335 |
| Other Income | $0 |
| Total Revenue | $71,798 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,375 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,344 |
| Total operating and administrative expenses | $11,085 |
| Contributions, gifts, grants paid | $45,810 |
| Total expenses and disbursements | $56,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $79,087 |
| 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 | $783,441 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $862,528 |
| 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, The Culpeper Library Foundation Inc has awarded $31,398 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CULPEPER LIBRARY PURPOSE: FUND OPERATIONS | $30,398 |
FRIENDS OF THE CULPEPER LIBRARY PURPOSE: FUND OPERATIONS | $1,000 |