Lexington Public Library
- Assets
- $48.5m
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 240
- Location
- Lexington, KY
- Founding
- 01/1975
- Data as of
- 06/2021
- EIN
- 61-6000352
Organization Overview
Lexington Public Library is located in Lexington, KY. The organization was established in 1975. As of 06/2021, Lexington Public Library employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Public Library 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 06/2021, Lexington Public Library generated $19.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $15.3m during the year ending 06/2021. 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
TO CONNECT PEOPLE, INSPIRE IDEAS, AND TRANSFORM LIVES IN LEXINGTON-FAYETTE COUNTY. THE LIBRARY MEETS ITS STRATEGIC GOALS OF EDUCATION, INCLUSION, ACCESS, SPACE, CULTURE AND STEWARDSHIP BY OFFERING HIGH QUALITY PROGRAMS, BY PROVIDING WELCOMING FACILITIES, AND BY CURRATING A POPULAR COLLECTION OF MATERIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY PROVIDES TO THE RESIDENTS OF LEXINGTON-FAYETTE COUNTY LIFELONG LEARNING SUPPORT FOR ALL AGES INCLUDING STORYTIMES FOR BABIES AND TODDLERS, SUMMER READING PROGRAMS FOR CHILDREN AND ADULTS, ACCESS TO A CULTIVATED COLLECTION OF POPULAR AND EDUCATIONAL MATERIAL IN A VARIETY OF FORMATS, JOB SEARCH HELP FOR ADULTS, AND BOOK BUDDIES SERVICE FOR NURSING HOME AND HOMEBOUND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Dieffenbach Director | Officer | 40 | $123,272 |
Karen E King Finance Officer | Officer | 40 | $92,678 |
Lawrence T Smith Chairman | OfficerTrustee | 5 | $0 |
Jordan Parker Vice Chair | OfficerTrustee | 5 | $0 |
Susan Wright Secretary | Trustee | 5 | $0 |
Mike Burke Treasurer | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Overdrive Ebook Services Provider | 6/29/21 | $797,625 |
Lithko Restoration Parking Garage Contractor | 6/29/21 | $231,927 |
Carl Walker Construction Parking Garage Contractor | 6/29/21 | $226,502 |
Major Floor Covering Flooring Contractor | 6/29/21 | $110,649 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $868,863 |
| Government grants | $17,607,163 |
| All other contributions, gifts, grants, and similar amounts not included above | $8 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,476,034 |
| Total Program Service Revenue | $366,203 |
| Investment income | $108,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,053 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,057,212 |
| 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. | $285,968 |
| Compensation of current officers, directors, key employees. | $97,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,910,120 |
| Pension plan accruals and contributions | $2,539,335 |
| Other employee benefits | $872,619 |
| Payroll taxes | $373,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,547 |
| Fees for services: Accounting | $50,061 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,749 |
| Advertising and promotion | $75,719 |
| Office expenses | $273,417 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $359,764 |
| Travel | $5,589 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $286,704 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,586,172 |
| Insurance | $125,943 |
| All other expenses | $20,517 |
| Total functional expenses | $15,307,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,331,040 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,146 |
| 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 | $98,484 |
| Net Land, buildings, and equipment | $28,043,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,975,385 |
| Total assets | $48,466,600 |
| Accounts payable and accrued expenses | $860,265 |
| Grants payable | $0 |
| Deferred revenue | $2,001 |
| Tax-exempt bond liabilities | $537,500 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,027,886 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,664,254 |
| Total liabilities | $30,091,906 |
| Net assets without donor restrictions | -$3,103,465 |
| Net assets with donor restrictions | $21,478,159 |
| 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 | $48,466,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lexington Public Library has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Christian Word Ministries Inc Lexington, KY PURPOSE: SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stark County District Library Canton, OH | $22,550,169 | $20,470,010 |
Lexington Public Library Lexington, KY | $48,466,600 | $19,057,212 |
Chicago Public Library Foundation Chicago, IL | $39,161,773 | $5,601,419 |
Illinois Library Association Chicago, IL | $3,523,138 | $2,926,047 |
Rockingham Library Association Harrisonburg, VA | $9,275,406 | $2,755,751 |
Johnson City Public Library Johnson City, TN | $2,269,696 | $2,425,366 |
Danville Library Inc Danville, KY | $6,580,525 | $1,263,979 |
Samuels Library Inc Front Royal, VA | $1,258,942 | $1,396,617 |
Willard Library Of Evansville Evansville, IN | $2,845,085 | $1,302,512 |
Smyth County Public Library Marion, VA | $606,051 | $1,163,430 |
Lexington Public Library Foundation Lexington, KY | $804,427 | $226,813 |
Kansas City Metropolitan Library & Information Network Independence, MO | $752,486 | $765,658 |