Broward Public Library Foundation
- Assets
- $11.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Fort Lauderdale, FL
- Founding
- 04/1983
- Data as of
- 09/2022
- EIN
- 59-2224746
Organization Overview
Broward Public Library Foundation is located in Fort Lauderdale, FL. The organization was established in 1983. As of 09/2022, Broward Public Library Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broward Public Library 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 09/2022, Broward Public Library Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.1m during the year ending 09/2022. While expenses have increased by 6.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BROWARD PUBLIC LIBRARY FOUNDATION'S MISSION IS TO ENHANCE THE COLLECTIONS, PROGRAMS AND SERVICES OF BROWARD COUNTY LIBRARY BEYOND THE MEANS OF PUBLIC FUNDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BROWARD PUBLIC LIBRARY FOUNDATION SUPPORTS MORE THAN A DOZEN PROGRAMS AND SERVICES FOR BROWARD COUNTY LIBRARY, INCLUDING FREE SAT/ACT PREPARATION CLASSES FOR UP TO 1,500 HIGH SCHOOL STUDENTS; A SUMMER LEARNING PROGRAM FOR CHILDREN AND TEENS; A VETERANS FESTIVAL; TWO CHILDREN'S LITERACY FESTIVALS FEATURING FREE BOOK GIVEAWAYS AND A WORKFORCE READY PROGRAM THAT PROVIDES FREE CHECKOUT OF CHROMEBOOKS AND HOTSPOTS TO JOB SEEKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Klein Executive Di | Officer | 40 | $96,692 |
Nila DO Simon Chair | OfficerTrustee | 2 | $0 |
Robyn Vines Vice Chair | OfficerTrustee | 2 | $0 |
Nicole Hanaka Secretary | OfficerTrustee | 2 | $0 |
Will Boiman Treasurer | OfficerTrustee | 2 | $0 |
Tim Bascombe Past Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $243,137 |
| Related organizations | $0 |
| Government grants | $168,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $429,894 |
| Noncash contributions included in lines 1a–1f | $32,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $841,317 |
| Total Program Service Revenue | $0 |
| Investment income | $288,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $537,937 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,668,217 |
| 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. | $95,091 |
| Compensation of current officers, directors, key employees. | $28,527 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,327 |
| Payroll taxes | $21,794 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $362,366 |
| Advertising and promotion | $37,579 |
| Office expenses | $48,029 |
| Information technology | $86,791 |
| 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 | $5,038 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $14,352 |
| Total functional expenses | $1,078,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $638 |
| Savings and temporary cash investments | $899,571 |
| 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 | $11,025,388 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,925,597 |
| Accounts payable and accrued expenses | $10,952 |
| Grants payable | $0 |
| Deferred revenue | $53,572 |
| 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 | $19,173 |
| Total liabilities | $83,697 |
| Net assets without donor restrictions | $8,812,364 |
| Net assets with donor restrictions | $3,029,536 |
| 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 | $11,925,597 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Broward Public Library Foundation has recieved totaling $38,188.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: CIVIC/COMMUNITY ENGAGEMENT | $18,976 |
Henry E Haller Jr Foundation Fort Lauderdale, FL PURPOSE: LIT LUNCH LIBRARY FEAST | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
John E & Nellie J Bastien Memorial Foundation Pompano Beach, FL PURPOSE: UNRESTRICTED | $2,500 |
H I Foundation Inc Fort Lauderdale, FL PURPOSE: TO PROVIDE EDUCATIONAL RESOURCES | $1,000 |
The Thomas Family Foundation Inc Fort Lauderdale, FL PURPOSE: TO ENHANCE THE COLLECTIONS, PROGRAMS AND SERVICES OF THE BROWARD COUNTY LIBRARY SYSTEMS | $250 |
Endowment Analysis
| Beg. Balance | $14,101,987 |
| Earnings | -$2,837,900 |
| Net Contributions | $122,912 |
| Other Expense | -$135,923 |
| Ending Balance | $11,251,076 |
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 |