Clearwater Library Foundation Inc
- Assets
- $433.1k
- Revenue
- $25.5k
- Investments
- $409.1k
- Employees
- 2
- Location
- Clearwater, FL
- Founding
- 06/1985
- Data as of
- 12/2023
- EIN
- 59-2515488
Organization Overview
Clearwater Library Foundation Inc is located in Clearwater, FL. The organization was established in 1985. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2023, Clearwater Library Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clearwater 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, Clearwater Library Foundation Inc generated $25.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.3%) each year. All expenses for the organization totaled $17.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (30.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDED LIBRARY PROGRAM PROVID
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Dickinson III President | 5 | $0 | |
Judith Moroff Vice President | 1 | $0 | |
John Doran Treasurer | 5 | $0 | |
Judy Yarian Secretary | 1 | $0 | |
Kathleen Hardwick Ttrustee | 1 | $0 | |
Jim Workman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,726 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,748 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$980 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,494 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,127 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,127 |
| Contributions, gifts, grants paid | $16,184 |
| Total expenses and disbursements | $17,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,324 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,605 |
| Total assets | $433,066 |
| Accounts payable and accrued expenses | $5,468 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,468 |
Grants Awarded
Over the last fiscal year, Clearwater Library Foundation Inc has awarded $16,184 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLEARWATER PUBLIC LIBRARY SYSTEM PURPOSE: BACKPACKS AND SCHOOL SUPPLIES | $10,000 |
CLEARWATER PUBLIC LIBRARY SYSTEM PURPOSE: LIBRARY PROGRAMS | $6,184 |