Friends Of The Charleston County Library
- Assets
- $337.7k
- Revenue
- $335.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Charleston, SC
- Founding
- 07/1984
- Data as of
- 12/2023
- EIN
- 57-0742388
Organization Overview
Friends Of The Charleston County Library is located in Charleston, SC. The organization was established in 1984. As of 12/2023, Friends Of The Charleston County Library employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Charleston County Library 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 12/2023, Friends Of The Charleston County Library generated $335.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $313.9k during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SUPPORT FOR CHARLESTON COUNTY PUBLIC LIBRARIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT FOR CHARLESTON COUNTY PUBLIC LIBRARIES
PROMOTE READING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Donaldson Director | OfficerTrustee | 40 | $24,923 |
Merideth Bonvino Board Member | Trustee | 1 | $0 |
Breyonna Davis Treasurer | OfficerTrustee | 1 | $0 |
Ulani Decillis Board Member | Trustee | 1 | $0 |
Gail Golightly Chair | OfficerTrustee | 1 | $0 |
Rebecca Hiester Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,390 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $296,067 |
| Noncash contributions included in lines 1a–1f | $239,963 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,457 |
| Total Program Service Revenue | $0 |
| Investment income | $79 |
| 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 | $23,307 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,580 |
| 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 | $44,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,384 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,448 |
| Advertising and promotion | $2,383 |
| Office expenses | $10,984 |
| Information technology | $1,160 |
| Royalties | $0 |
| Occupancy | $88,646 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,295 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,092 |
| All other expenses | $0 |
| Total functional expenses | $313,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,923 |
| Savings and temporary cash investments | $244,306 |
| 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 | $2,500 |
| 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 | $337,729 |
| 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 | $4,605 |
| Total liabilities | $4,605 |
| Net assets without donor restrictions | $333,124 |
| 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 | $337,729 |
Grants Awarded
Over the last fiscal year, Friends Of The Charleston County Library has awarded $71,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS 501(C)(3) CHARITIES PURPOSE: GENERAL SUPPORT | $21,000 |
CHARLESTON COUNTY PUBLIC LIBRARY PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwestern Regional Library Elkin, NC | $3,427,540 | $3,444,324 |
Northwest Georgia Regional Library Dalton, GA | $1,433,400 | $2,531,220 |
Public Library Of Johnston County And Smithfield Smithfield, NC | $1,928,759 | $1,465,964 |
Friends Of The Charleston County Library Charleston, SC | $337,729 | $335,843 |
Lanier Library Assn Inc Tryon, NC | $3,802,329 | $300,728 |
Wayne County Public Library Inc Goldsboro, NC | $2,590,442 | $159,233 |
Hudson Library Of Highlands Nc Inc Highlands, NC | $2,815,777 | $181,017 |
Decatur County-Gilbert H Gragg Library Foundation Inc Bainbridge, GA | $820,912 | $79,451 |
Friends Of The Berkeley County Library Inc Moncks Corner, SC | $52,523 | $0 |
Friends Of The Lexington Branch Library Lexington, SC | $46,584 | $0 |
Friends Of Rowan Public Library Salisbury, NC | $41,460 | $0 |
Davidson County Library Foundation Inc Lexington, NC | $245,872 | $0 |
Dalton-Whitfield County Library Foundation Inc Dalton, GA | $789,704 | $71,289 |
Golden Extension Walterboro, SC | $0 | $0 |