Heritage Library Foundation Inc
- Assets
- $552.7k
- Revenue
- $319.3k
- Investments
- $590.0
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 58-2332014
Organization Overview
Heritage Library Foundation Inc is located in Hilton Head Island, SC. The organization was established in 1998. 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. Heritage 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 12/2021, Heritage Library Foundation Inc generated $319.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $304.5k during the year ending 12/2021. While expenses have increased by 11.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A HISTORY AND GENEALOGY RESEARCH LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN TWO HISTORICAL SITES: (1) FT. MITCHEL, A CIVIL WAR COASTAL DEFENSE BATTERY. (2) ZION CHAPEL OF EASE CEMETERY MAUSOLEUM. OVER 5500 PEOPLE VISITED THE SITES, BOTH OF WHICH WERE PLACED ON THE NATIONAL REGISTER OF HISTORIC PLACES IN 2017.
MAINTAIN BOOKS, DOCUMENTS, AND DIGITAL COLLECTIONS AND PROVIDE ONLINE ACCESS TO DATABASES FOR PUBLIC RESEARCH. SERVED 5800 RESEARCH PATRONS, PUBLISHED QUARTERLY NEWSLETTERS, PRODUCED HISTORICAL PAPERS FOR MEMBERS AND THE PUBLIC. VOLUNTEERS PROVIDED 8500 HOURS OF SERVICE.
EDUCATIONAL PROGRAM EXPENSE: CONDUCTED TOURS OF FT. MITCHEL AND ZION CHAPEL OF EASE CEMETERY MAUSOLEUM AS WELL AS CONDUCTED VARIOUS CLASSES ON GENEALOGY AND LOCAL HISTORY. COLLABORATED ON A THREE DAY CHRISTMAS PROGRAM, INCLUDING A TOUR OF ZION CEMETERY, HOSTED A HALLOWEEN PROGRAM CALLED GHOSTS AND MYTHS AND A CHRISTMAS PROGRAM CALLED COLONIAL CHRISTMAS AT ZION CEMETERY. HISTORICAL BIKE TOURS WERE CONDUCTED AND A PARTNERSHIP WAS DEVELOPED WITH THE UNIVERSITY OF SOUTH CAROLINA BEAUFORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Catenaci Executive Director | Trustee | 40 | $45,000 |
Sarah Oleary Takacs Vice President | Officer | 10 | $0 |
Ezra Callahan President | Officer | 15 | $0 |
Peter Cooper Treasurer | Officer | 10 | $0 |
Luana Graves Sellars Secretary | Officer | 2 | $0 |
Barrett Riordan Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,965 |
| Fundraising events | $29,932 |
| Related organizations | $0 |
| Government grants | $120,389 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,774 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,060 |
| Total Program Service Revenue | $16,261 |
| Investment income | $2,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $45 |
| 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 | $319,300 |
| 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. | $45,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| 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 | $0 |
| Advertising and promotion | $124,331 |
| Office expenses | $5,912 |
| Information technology | $7,451 |
| 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 | $2,310 |
| Interest | $522 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,673 |
| Insurance | $2,630 |
| All other expenses | $0 |
| Total functional expenses | $304,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,062 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,843 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $36,011 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $590 |
| Investments—program-related | $52,223 |
| Intangible assets | $0 |
| Other assets | $190,662 |
| Total assets | $552,691 |
| 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 | $131,326 |
| Other liabilities | $784 |
| Total liabilities | $132,110 |
| Net assets without donor restrictions | $344,581 |
| Net assets with donor restrictions | $76,000 |
| 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 | $552,691 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heritage Library Foundation Inc has recieved totaling $6,800.
| Awarding Organization | Amount |
|---|---|
Heritage Classic Foundation Hilton Head Island, SC PURPOSE: GENERAL FUND | $6,800 |
Endowment Analysis
| Beg. Balance | $34,289 |
| Earnings | $2,934 |
| Net Contributions | $15,000 |
| Ending Balance | $52,223 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lyrasis Atlanta, GA | $57,303,144 | $78,536,382 |
Richland County Public Library Columbia, SC | $22,586,834 | $29,522,788 |
Robert W Woodruff Library Of The Atlanta University Center Inc Atlanta, GA | $36,750,621 | $14,706,719 |
Fontana Regional Library Bryson City, NC | $3,949,070 | $3,576,120 |
Hall County Library System Gainesville, GA | $3,250,117 | $3,142,745 |
Cli Prison Alliance Inc Raleigh, NC | $1,246,885 | $2,394,225 |
Children & Family Resource Center Of Henderson County Inc Hendersonville, NC | $2,071,959 | $1,831,155 |
Triangle Research Libraries Network Durham, NC | $1,003,017 | $2,300,014 |
H Leslie Perry Memorial Library Inc Henderson, NC | $674,075 | $933,798 |
Beulah Grove Community Resource Center Inc Augusta, GA | $179,863 | $767,574 |
Embassy Cultural Center Foundation Inc Henderson, NC | $9,676,061 | $618,357 |
Given Memorial Library Pinehurst, NC | $3,308,516 | $681,971 |