City Of Richmond Public Library Foundation
- Assets
- $1.0m
- Revenue
- $193.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 10/1997
- Data as of
- 06/2022
- EIN
- 54-1856348
Organization Overview
City Of Richmond Public Library Foundation is located in Richmond, VA. The organization was established in 1997. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. City Of Richmond 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 06/2022, City Of Richmond Public Library Foundation generated $193.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $162.1k during the year ending 06/2022. While expenses have increased by 15.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CITY OF RICHMOND PUBLIC LIBRARY FOUNDATION DEVELOPS, ADMINISTERS, AND ALLOCATES FUNDS TO PROVIDE THE EXTRA MARGIN OF EXCELLENCE FOR THE CITY'S LIBRARY SYSTEM BY ENHANCING EXISTING PUBLIC SUPPORT FOR THE LIBRARY AND ITS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF RICHMOND PUBLIC LIBRARY WITH FUNDING FOR THE OUTDOOR SPACE OF THE BROAD ROCK BRANCH LIBRARY, PURCHASES OF BOOKS FOR ITS CHILDREN'S COLLECTION AND EARLY LITERACY-FOCUSED RVA READS INITIATIVE, THE SPECIAL COLLECTION ROOM OF THE MAIN LIBRARY, AND MOBILE MEDICAL OUTREACH AND HEALTH LITERACY INITIATIVE TO ADDRESS COMMUNITY HEALTH NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nissa Lipowicz Vice Preside | OfficerTrustee | 1 | $0 |
Rich Peterson Treasurer | OfficerTrustee | 1 | $0 |
John E Ulmschneider President | OfficerTrustee | 1 | $0 |
Scott Firestine Secretary | OfficerTrustee | 1 | $0 |
Trevor Cox Past Preside | OfficerTrustee | 1 | $0 |
Susan Revere Executive Di | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,178 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,178 |
| Total Program Service Revenue | $0 |
| Investment income | $18,676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,642 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $121,542 |
| 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 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $1,255 |
| Conferences, conventions, and meetings | $17,509 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $162,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,165 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,000 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $618,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,009,137 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $533,267 |
| Net assets with donor restrictions | $475,870 |
| 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 | $1,009,137 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that City Of Richmond Public Library Foundation has recieved totaling $22,282.
| Awarding Organization | Amount |
|---|---|
Robins Foundation Richmond, VA PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $10,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $8,750 |
Townebank Richmond Foundation Richmond, VA PURPOSE: CONTRIBUTION | $2,500 |
The Good Shepherd Fund Las Vegas, NV PURPOSE: 2021 ANNUAL GIVING CAMPAIGN | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Endowment Analysis
| Beg. Balance | $395,954 |
| Earnings | -$17,231 |
| Other Expense | $2,206 |
| Ending Balance | $358,913 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prince Georges County Memorial Library System Largo, MD | $19,703,287 | $35,335,320 |
Public Library Association Of Annapolis And A A Co Inc Annapolis, MD | $38,305,116 | $29,732,836 |
Washington County Free Library Hagerstown, MD | $16,301,833 | $8,756,633 |
Washington Research Library Consortium Upper Marlboro, MD | $19,082,145 | $5,815,985 |
Loyola-Notre Dame Library Inc Baltimore, MD | $17,276,844 | $4,820,071 |
Cabell County Public Library Huntington, WV | $12,674,770 | $6,152,653 |
Wicomico County Free Library Inc Salisbury, MD | $3,745,578 | $3,405,166 |
Friends Committee On National Legislation Washington, DC | $7,160,459 | $3,361,145 |
Southern Maryland Regional Library Association Inc Charlotte Hall, MD | $4,649,230 | $3,547,495 |
Fontana Regional Library Bryson City, NC | $3,949,070 | $3,576,120 |
Blackwater Regional Library Courtland, VA | $2,907,987 | $2,595,036 |
Cli Prison Alliance Inc Raleigh, NC | $1,246,885 | $2,394,225 |