Chapel Hill Public Library Foundation
- Assets
- $1.1m
- Revenue
- $86.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 02/1997
- Data as of
- 06/2022
- EIN
- 56-1984338
Organization Overview
Chapel Hill Public Library Foundation is located in Chapel Hill, NC. The organization was established in 1997. 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. Chapel Hill 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, Chapel Hill Public Library Foundation generated $86.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $204.6k during the year ending 06/2022. While expenses have increased by 8.0% 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
TO RAISE, STEWARD, GROW AND ALLOCATE CAPITAL FOR THE ENRICHMENT OF THE CHAPEL HILL PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAPEL HILL PUBLIC LIBRARY FOUNDATION SUPPORTS THE CHAPEL HILL PUBLIC LIBRARY BY FUNDRAISING AND ADVOCACY THAT BENEFITS THE CHAPEL HILL COMMUNITY AND PROMOTES GREATER AWARENESS OF THE LIBRARY'S VALUABLE RESOURCES. THE FOUNDATION MANAGES THE LOVE TRUST AND PROVIDES ANNUAL DISTRIBUTIONS TO THE LIBRARY. FOR FYE 6/30/22, THE FOUNDATION PROVIDED $63,164 IN CONTRIBUTION PAYMENTS FROM THE LOVE TRUST, AND $110,000 TO THE LIBRARY FROM THE ROHRBACHER FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hollie Rose-Galli Executive Director Through 12/21 | Officer | 5 | $8,500 |
Chiara Canzi Vice President From 1/22 | OfficerTrustee | 1 | $0 |
Claire Hunter Davis Vice President Through 12/21 | OfficerTrustee | 1 | $0 |
Thomas Wiltberger President | OfficerTrustee | 1 | $0 |
Tom Holt Secretary | OfficerTrustee | 1 | $0 |
Joel Levy Treasurer | OfficerTrustee | 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 | $27,674 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,674 |
| Total Program Service Revenue | $0 |
| Investment income | $22,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,925 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $173,164 |
| 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. | $2,550 |
| Compensation of current officers, directors, key employees. | $2,136 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,715 |
| Advertising and promotion | $0 |
| Office expenses | $3,045 |
| Information technology | $41 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,139 |
| All other expenses | $0 |
| Total functional expenses | $204,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,795 |
| Savings and temporary cash investments | $3,663 |
| Pledges and grants receivable | $0 |
| 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 | $1,106,932 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,124,390 |
| 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 | -$110,437 |
| Net assets with donor restrictions | $1,234,827 |
| 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 | $1,124,390 |
Grants Awarded
Over the last fiscal year, Chapel Hill Public Library Foundation has awarded $250,046 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE TOWN OF CHAPEL HILL PUBLIC LIBRARY PURPOSE: TO HELP FUND THE PURCHASE OF AN AUTOMATED MATERIALS HANDLING SYSTEM AT THE LIBRARY. | $200,000 |
THE TOWN OF CHAPEL HILL PUBLIC LIBRARY PURPOSE: TO PURCHASE READING MATERIALS. | $50,046 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chapel Hill Public Library Foundation has recieved totaling $17,000.
| Awarding Organization | Amount |
|---|---|
Bertsch Family Charitable Foundation Inc Chapel Hill, NC PURPOSE: EDUCATIONAL | $12,000 |
Soo Foundation Inc Forest, OH PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |