The Chattanooga Public Library Foundation
- Assets
- $72.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Chattanooga, TN
- Founding
- 08/1965
- Data as of
- 12/2023
- EIN
- 62-6050405
Organization Overview
The Chattanooga Public Library Foundation is located in Chattanooga, TN. The organization was established in 1965. As of 12/2023, Chattanooga Public Library Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga 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 12/2023, Chattanooga Public Library Foundation generated $179.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $259.1k during the year ending 12/2023. While expenses have increased by 10.9% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED FUNDING FOR LIBRARY SPECIAL PROJECTS INCLUDING STAFF DEVELOPMENT, PURCHASE OF LIBRARY EQUIPMENT AND MATERIALS, SUPPORT FOR LIBRARY PROGRAMS, AND RENOVATION OF LIBRARY SPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Sanders Director | 1 | $0 | |
Alexis Willis Director | 1 | $0 | |
Caroline Walker Director | 1 | $0 | |
Sharon Law Director | 1 | $0 | |
Erika Roberts Director | 1 | $0 | |
Nicole Watson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,276 |
| Total Program Service Revenue | $0 |
| Membership dues | $398 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,135 |
| Other Revenue | $0 |
| Total Revenue | $178,962 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,281 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1 |
| Printing, publications, postage, and shipping | $11,013 |
| Other expenses | $27,225 |
| Total expenses | $259,126 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,093 |
| Other assets | $0 |
| Total assets | $72,093 |
| Total liabilities | $35,727 |
| Net assets or fund balances | $36,366 |