The Atlanta-Fulton Public Library Foundation Inc
- Assets
- $663.1k
- Revenue
- $368.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Atlanta, GA
- Founding
- 07/1989
- Data as of
- 12/2022
- EIN
- 58-1837951
Organization Overview
The Atlanta-Fulton Public Library Foundation Inc is located in Atlanta, GA. The organization was established in 1989. 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. Atlanta-Fulton Public Library Foundation 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 12/2022, Atlanta-Fulton Public Library Foundation Inc generated $368.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $495.8k during the year ending 12/2022. While expenses have increased by 17.9% per year over the past 5 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 ATLANTA-FULTON PUBLIC LIBRARY FOUNDATION IS TO WORK IN PARTNERSHIP WITH THE FULTON COUNTY LIBRARY SYSTEM TO SECURE THE LIBRARY SYSTEMS FUTURE AS AN INDISPENSABLE COMMUNITY RESOURCE THROUGH ADVOCACY, RAISING PUBLIC AWARENESS AND GENERATING PUBLIC AND PRIVATE FUNDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022 THE RECOMMENDATIONS COMING FROM THE GROWTH COMMITTEE CONTINUED TO BE ACTED UPON. THE GOVERNANCE COMMITTEE CONTINUED TO MEET REGULARLY AND RECRUITED 4 NEW BOARD MEMBERS. THESE NEW BOARD MEMBERS ARE EXPANDING OUR COMMUNITY CONNECTIONS, HAVE CORPORATE TIES AND ADDED TO THE BOARDS DIVERSITY IN RACE AND AGE. THE FOUNDATION ALSO EXPANDED ITS FUNDRAISING IN 2022 BY CONTINUING TO USE A GRANT WRITER TO WRITE GRANTS TO LOCAL FOUNDATIONS. INDIVIDUAL FUNDRAISING ALSO EXPANDED BY CONTINUING TO USE THE SERVICES OF A NATIONAL DIRECT-MAIL COMPANY, CARL BLOOM INC. WE CONDUCTED TWO DIRECT MAIL SOLICITATIONS OF INDIVIDUALS. WE ALSO CONDUCTED TWO ACQUISITION MAILINGS IN WHICH WE SOLICITED HOUSEHOLDS WHOSE DEMOGRAPHICS ARE MOST LIKELY TO DONATE TO LIBRARIES BUT HAVE NEVER GIVEN TO US. THIS EXPANDED FUNDRAISING ALLOWED THE FOUNDATION TO IMPLEMENT TWO NEW PROGRAMS AT THE LIBRARY: ONE BOOK ONE READ AND THE CHILDRENS BOOK FESTIVAL. BOTH PROGRAMS WERE HUGE SUCCESSES AND WILL CONTINUE EVERY YEAR NOW.
THE SUMMER READING PROGRAM WAS HELD FROM JUNE 1, 2022 TO AUGUST 1, 2022, WITH A TOTAL PARTICIPATION OF 15,000 CHILDREN, TEENS, AND ADULTS. A TOTAL OF 63,903 BOOKS WERE READ AND 8,568 CHILDREN, TEENS, AND ADULTS ATTENDED PROGRAMS THAT SUMMER, INCLUDING CRAFT PROGRAMS, STORY TIMES, COOKING PROGRAMS, AND BOOK CLUBS. IT IS A POPULAR CHOICE FOR READERS OF ALL LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aarti Sharma Executive Dir. | Officer | 40 | $62,500 |
Peter Pearson Interim Ed | Officer | 25 | $54,100 |
Maria Balais Director | Trustee | 1 | $0 |
Elizabeth Morgan Spiegel Director | Trustee | 1 | $0 |
Sandra Hester Director | Trustee | 1 | $0 |
Kayron Bearden Director | 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 | $368,704 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,704 |
| Total Program Service Revenue | $0 |
| Investment income | $136 |
| 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 | $368,840 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,603 |
| 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. | $124,928 |
| Compensation of current officers, directors, key employees. | $4,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,253 |
| Advertising and promotion | $112,150 |
| Office expenses | $835 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,949 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $651 |
| All other expenses | $152 |
| Total functional expenses | $495,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,963 |
| Savings and temporary cash investments | $271,408 |
| Pledges and grants receivable | $79,520 |
| 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 | $217 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $663,108 |
| Accounts payable and accrued expenses | $17,033 |
| 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 | $17,033 |
| Net assets without donor restrictions | $307,028 |
| Net assets with donor restrictions | $339,047 |
| 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 | $663,108 |