Library Foundation Of Kanawha County Inc
- Assets
- $12.6m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 02/1996
- Data as of
- 06/2022
- EIN
- 55-0739659
Organization Overview
Library Foundation Of Kanawha County Inc is located in Charleston, WV. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Library Foundation Of Kanawha County 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 06/2022, Library Foundation Of Kanawha County Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 74.7% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 79.8% per year over the past 3 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 MISSION OF THE LIBRARY FOUNDATION IS TO SUPPORT THE VISION AND MISSION OF THE KANAWHA COUNTY PUBLIC LIBRARY (KCPL) SYSTEM BY: PROVIDING VEHICLES FOR LIBRARY SUPPORTERS' CHARITABLE GIVING; PROVIDING SUPPLEMENTAL FINANCIAL RESOURCES TO KCPL; SERVING AS AN ADVOCATE FOR LIBRARIES; CREATING A COUNTY-WIDE VOLUNTEER SUPPORT SYSTEM FOR KCPL; AND RAISING PUBLIC AWARENESS REGARDING BOTH THE VALUE OF AND THE NEEDS OF PUBLIC LIBRARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER LIBRARY CLUB - DIRECT SERVICES AND MATERIALS FOR THE SUMMER READING PROGRAM AT KCPL, INCLUDING THE PURCHASE OF BOOKS FOR THE CHILDREN REACHING CERTAIN GOALS. PROGRAM REVENUE IS FROM SPONSORSHIP.
BOOK FESTIVAL - FREE TWO-DAY EVENT FOR THE PUBLIC TO ATTEND PROGRAMS, WORKSHOPS, AND ACTIVITIES FOCUSING ON THE IMPORTANCE OF BOOKS AND READING. PROGRAM REVENUE IS FROM SPONSORSHIP.
DIRECTLY AND INDIRECTLY SUPPORT THE FUNCTIONS AND PURPOSES OF THE KANAWHA COUNTY PUBLIC LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Heywood President | OfficerTrustee | 2 | $0 |
Bryan Cokeley Vice President | OfficerTrustee | 2 | $0 |
Jeri Matheney 2nd Vice President | OfficerTrustee | 2 | $0 |
Ben Thomas Member, Kcpl President | OfficerTrustee | 2 | $0 |
Mary Kay Bond Member | Trustee | 1 | $0 |
Michelle Marlowe Member | Trustee | 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 | $3,771,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,771,701 |
| Total Program Service Revenue | $57,368 |
| Investment income | $252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,834,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,514,410 |
| 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 | $2,660 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,334 |
| Office expenses | $2,726 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $161,877 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,556 |
| Total functional expenses | $1,775,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $622,694 |
| Savings and temporary cash investments | $8,490,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,512,380 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,625,074 |
| Accounts payable and accrued expenses | $166,829 |
| 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 | $166,829 |
| Net assets without donor restrictions | $12,458,245 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,625,074 |
Grants Awarded
Over the last fiscal year, Library Foundation Of Kanawha County Inc has awarded $3,183,457 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KANAWHA COUNTY PUBLIC LIBRARY PURPOSE: SUPPORT THE ACTIVITIES OF THE KANAWHA COUNTY LIBRARY | $1,000,000 |
KANAWHA COUNTY PUBLIC LIBRARY SPECIAL PUBLIC PROPERTIES HOLDINGS INC PURPOSE: TO PROVIDE FUNDING FOR CONSTRUCTION OF NEW LIBRARY | $2,183,457 |