Richland Library Friends And Foundation
- Assets
- $1.2m
- Revenue
- $411.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 01/1984
- Data as of
- 06/2021
- EIN
- 57-0758497
Organization Overview
Richland Library Friends And Foundation is located in Columbia, SC. The organization was established in 1984. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Richland Library Friends And 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 06/2021, Richland Library Friends And Foundation generated $411.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $361.4k during the year ending 06/2021. While expenses have increased by 26.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATED FOR THE IMPROVEMENT, EXPANSION, SUPPORT, DEVELOPMENT, MAINTENANCE, ENHANCEMENT, AND UPKEEP OF THE BUILDINGS, EQUIPMENT, AND COLLECTIONS OF THE RICHLAND COUNTY PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED FOR THE IMPROVEMENT, EXPANSION, SUPPORT, DEVELOPMENT MAINTENANCE, ENHANCEMENT, AND UPKEEP OF THE BUILDINGS, EQUIPMENT, AND COLLECTIONS OF THE RICHLAND COUNTY PUBLIC LIBRARY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Cox Chair | Officer | 1 | $0 |
Robert Mathews Vice Chair | Officer | 1 | $0 |
Elizabeth Black Secretary/treasurer | Officer | 1 | $0 |
John Bradley Trustee | Trustee | 1 | $0 |
Jody Bedenbaugh Trustee | Trustee | 1 | $0 |
Tarcia N Flemmin Trustee | 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 | $391,168 |
| Noncash contributions included in lines 1a–1f | $68,612 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,168 |
| Total Program Service Revenue | $0 |
| Investment income | $29,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,760 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$13,574 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $411,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $6,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,449 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,493 |
| All other expenses | $5,682 |
| Total functional expenses | $361,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,344 |
| Savings and temporary cash investments | $108,374 |
| Pledges and grants receivable | $25,187 |
| 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 | $72,799 |
| Prepaid expenses and deferred charges | $838 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $938,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,247,286 |
| Accounts payable and accrued expenses | $3,528 |
| 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 | $53,791 |
| Total liabilities | $57,319 |
| Net assets without donor restrictions | $873,339 |
| Net assets with donor restrictions | $316,628 |
| 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 | $1,247,286 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Richland Library Friends And Foundation has recieved totaling $95,030.
| Awarding Organization | Amount |
|---|---|
Nord Family Foundation Amherst, OH PURPOSE: MATCHING - GENERAL OPERATING SUPPORT | $30,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: LET'S TALK RACE COMMUNITYWIDE INITIATIVE 2021-2022 | $25,000 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $25,000 |
Edward B Timmons Jr Charitable Tr Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $10,000 |
C G Fuller Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Endowment Analysis
| Beg. Balance | $25,000 |
| Earnings | $9,860 |
| Ending Balance | $33,838 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
University Of South Carolina Educational Foundation Columbia, SC | $607,523,681 | $89,201,263 |
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
North Carolina State University Foundation Inc Raleigh, NC | $679,121,022 | $52,520,062 |
Clemson University Foundation Clemson, SC | $1,240,950,463 | $112,486,660 |
Georgia State University Foundation Inc Atlanta, GA | $466,073,205 | $89,649,877 |
Kenan-Flagler Business School Foundation Chapel Hill, NC | $259,673,453 | $44,675,511 |
Citadel Foundation Charleston, SC | $326,373,655 | $48,215,262 |