Friends Of The Library Of Tampa Hillsborough County Inc
- Assets
- $1.5m
- Revenue
- $154.7k
- Investments
- $30.0k
- Employees
- 2
- Location
- Tampa, FL
- Founding
- 03/1967
- Data as of
- 12/2021
- EIN
- 59-6174497
Organization Overview
Friends Of The Library Of Tampa Hillsborough County Inc is located in Tampa, FL. The organization was established in 1967. 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 12/2021, Friends Of The Library Of Tampa Hillsborough County Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Library Of Tampa Hillsborough County 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, Friends Of The Library Of Tampa Hillsborough County Inc generated $154.7k 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 (15.0%) each year. All expenses for the organization totaled $90.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.6%) per year over the past 7 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
THE ORGANIZATION'S MISSION IS TO PROMOTE AND AID IN ESTABLISHING AND MAINTAINING A STRONG LIBRARY SYSTEM IN HILLSBOROUGH COUNTY, FL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WORKS TO EXPAND THE NETWORK OF LIBRARIES, STRENGTHEN THE LIBRARY COLLECTIONS AND PROVIDE VARIETY OF LOCAL PROGRAMMING FOR THE CITIZENS OF THE TAMPA-HILLSBOROUGH COUNTY COMMUNITY. THE ORGANIZATION HAS 22 CHAPTERS WHICH SUPPORT THE LOCAL LIBRARY BRANCHES IN HILLSBOROUGH COUNTY, FL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pete Michel Secretary | OfficerTrustee | 5 | $0 |
Dustin Lemke Treasurer | OfficerTrustee | 5 | $0 |
John Smith President | OfficerTrustee | 10 | $0 |
Peggy Huey Finance/investment Committee Chair | OfficerTrustee | 10 | $0 |
Shelley Blood Vice President | OfficerTrustee | 5 | $0 |
Darlene Harris Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,130 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,432 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,562 |
| Total Program Service Revenue | $0 |
| Investment income | $14,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $75,661 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $154,696 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,225 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| 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 | $13,195 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,514 |
| All other expenses | $1,714 |
| Total functional expenses | $90,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,332,928 |
| Pledges and grants receivable | $20,000 |
| 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 | $30,749 |
| Investments—other securities | $30,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,420 |
| Total assets | $1,500,097 |
| Accounts payable and accrued expenses | $1,485 |
| 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 | $1,485 |
| Net assets without donor restrictions | $1,106,763 |
| Net assets with donor restrictions | $391,849 |
| 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 | $1,500,097 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of The Library Of Tampa Hillsborough County Inc has recieved totaling $20,109.
| Awarding Organization | Amount |
|---|---|
Arts Midwest Minneapolis, MN PURPOSE: Big Read | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $109 |
Endowment Analysis
| Beg. Balance | $70,119 |
| Earnings | $20,665 |
| Other Expense | $4,364 |
| Ending Balance | $86,420 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacksonville State University Foundation Jacksonville, AL | $99,989,549 | $15,547,897 |
Florida Medical Practice Plan Inc Tallahassee, FL | $6,356,277 | $9,443,720 |
Alabama High School Athletic Association Montgomery, AL | $12,167,526 | $9,029,142 |
River City Education Organization Inc Jacksonville, FL | $21,815,598 | $7,864,021 |
Georgia Gwinnett College Foundationinc Lawrenceville, GA | $177,329,540 | $11,526,847 |
Augusta University Foundation Inc Augusta, GA | $77,382,154 | $9,045,973 |
Hudsonalpha Foundation Huntsville, AL | $65,481,044 | $7,640,212 |
University Of North Florida Financing Corporation Jacksonville, FL | $185,430,007 | $11,542,145 |
Georgia College & State University Foundation Inc Milledgeville, GA | $66,057,685 | $10,177,448 |
Highlands Day School Foundation Birmingham, AL | $18,906,069 | $7,689,613 |
Georgia Southern University Foundation Inc Statesboro, GA | $119,816,237 | $13,421,593 |
Kennesaw State Unversity Research And Service Foundation Inc Kennesaw, GA | $5,063,329 | $7,661,519 |