Friends Of Indian River County Library Inc
- Assets
- $79.4k
- Revenue
- $114.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 12/1960
- Data as of
- 09/2021
- EIN
- 59-0919801
Organization Overview
Friends Of Indian River County Library Inc is located in Vero Beach, FL. The organization was established in 1960. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Indian River County Library 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 09/2021, Friends Of Indian River County Library Inc generated $114.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $126.3k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. 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
PROVIDE FINANCIAL SUPPORT TO THE INDIAN RIVER COUNTY PUBLIC LIBRARY THROUGH USED BOOK SALES, GIFT SHOP SALES AND MEMBERSHIP DONATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE USED BOOK STORE TO PROVIDE FUNDS TO PUBLIC LIBRARY TO PURCHASE MATERIALS
OPERATE GIFT SHOP IN LIBRARY TO PROVIDE FUNDS TO PUBLIC LIBRARY TO PURCHASE MATERIALS.
MAINTAIN COPY MACHINES IN LIBRARY FOR PUBLIC USE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Schwartz Treasurer | Officer | 5 | $0 |
Pamela Gower President | Officer | 10 | $0 |
Shari Nunez Vice President | Officer | 20 | $0 |
Martha Habeshian Secretary | Officer | 5 | $0 |
Jane Dawe Member At Large | Trustee | 1 | $0 |
Elizabeth Stenger Library Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,030 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,185 |
| Total Program Service Revenue | $104,277 |
| Investment income | $5 |
| 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 | $114,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,547 |
| 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 | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,133 |
| Advertising and promotion | $0 |
| Office expenses | $725 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,994 |
| 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 | $1,449 |
| All other expenses | $4,428 |
| Total functional expenses | $126,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,454 |
| Savings and temporary cash investments | $12,028 |
| 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 | $3,799 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,090 |
| Total assets | $79,371 |
| 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 | $0 |
| 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 | $79,371 |
| Total liabilities and net assets/fund balances | $79,371 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Indian River County Library Inc has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Prudential Foundation Inc Newark, NJ PURPOSE: MATCHING GIFT TO ARTS & CULTURE AGENCY | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery City-County Public Library Montgomery, AL | $626,886 | $5,061,804 |
Northwest Georgia Regional Library Dalton, GA | $1,061,647 | $2,297,011 |
Jefferson County Library Cooperative Inc Birmingham, AL | $1,409,594 | $1,323,807 |
Broward Public Library Foundation Fort Lauderdale, FL | $11,925,597 | $1,668,217 |
Maitland Public Library Inc Maitland, FL | $589,687 | $1,085,021 |
Gulf Beaches Public Library Inc Madeira Beach, FL | $1,082,309 | $515,006 |
Selma Dallas County Public Library Foundations Inc Selma, AL | $3,919,888 | $315,411 |
Greenville Butler County Public Library Greenville, AL | $388,118 | $295,721 |
Jacksonville Public Libraries Foundation Inc Jacksonville, FL | $3,705,631 | $300,978 |
Friends Of The Broward County Library Inc Fort Lauderdale, FL | $218,310 | $181,467 |
Friends Of Indian River County Library Inc Vero Beach, FL | $79,371 | $114,467 |
Friends Of The Martin County Library System Inc Stuart, FL | $842,086 | $169,442 |