Dekalb Library Foundation Inc
- Assets
- $1.3m
- Revenue
- $464.9k
- Investments
- $830.0k
- Employees
- 0
- Location
- Decatur, GA
- Founding
- 09/1998
- Data as of
- 12/2023
- EIN
- 58-2404616
Organization Overview
Dekalb Library Foundation Inc is located in Decatur, GA. 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. Dekalb 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 12/2023, Dekalb Library Foundation Inc generated $464.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $387.8k during the year ending 12/2023. While expenses have increased by 14.3% per year over the past 8 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
TO SUPPORT AND ENHANCE THE DEKALB COUNTY PUBLIC LIBRARY SERVICE, INCLUDING SUPPORT FOR LITERACY PROGRAMS, CHILDREN'S READING PROGRAMS, AND GEORGIA CENTER FOR THE BOOK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEKALB LIBRARY FOUNDATION OFFERS LITERACY PROGRAMS, INCLUDING READING PROGRAMS FOR NON-NATIVE ENGLISH SPEAKERS, SUPPORT OF LITERACY, CULTURAL AND HISTORY PROGRAMS AND SUMMER READING ENRICHMENT PROGRAMS FOR YOUNG READERS. IN ADDITION IT SUPPORTS LIBRARY EMPLOYEES' ADVANCED LITERARY EDUCATION COURSES AND PURCHSES BOOKS AND MATERIALS FOR THE LIBRARY AND ITS BRANCHES, AND PURCHASES BOOKS AND MATERIALS FOR THE LIBRARY AND ITS BRANCHES. DEKALB LIBRARY FOUNDATION ALSO SUPPORTS THE GEORGIA CENTER FOR THE BOOK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shara Sanders President | OfficerTrustee | 2 | $0 |
Tim Martin President-El | OfficerTrustee | 2 | $0 |
Elizabeth Nark Vice-Preside | OfficerTrustee | 2 | $0 |
Chad Swanson Treasurer | OfficerTrustee | 2 | $0 |
Kia Billingsley Director | Trustee | 1 | $0 |
Jonathan Block 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 | $430,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $430,423 |
| Total Program Service Revenue | $0 |
| Investment income | $34,485 |
| 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 | $464,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $306,348 |
| 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 | $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 | $0 |
| Office expenses | $0 |
| Information technology | $13,411 |
| 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 | $2,854 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,554 |
| All other expenses | $8,522 |
| Total functional expenses | $387,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,529 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $829,983 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,253,512 |
| 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 | $628,192 |
| Net assets with donor restrictions | $625,320 |
| 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 | $1,253,512 |