Huntsville Library Foundation
- Assets
- $344.0k
- Revenue
- $234.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 08/1986
- Data as of
- 09/2021
- EIN
- 63-0927523
Organization Overview
Huntsville Library Foundation is located in Huntsville, AL. The organization was established in 1986. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntsville 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 09/2021, Huntsville Library Foundation generated $234.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.0%) each year. All expenses for the organization totaled $436.9k during the year ending 09/2021. 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
THE HUNTSVILLE-MADISON COUNTY LIBRARY FOUNDATION (HMCLF) WAS ESTABLISHED IN 1986 TO ASSIST IN FUNDRAISING FOR A NEW DOWNTOWN LIBRARY TO SERVE HUNTSVILLE AND MADISON COUNTY. SINCE THAT TIME, THE HMCLF HAS GROWN IN BOTH SCOPE AND BOARD MEMBER SIZE. THE HMCLF'S PRIMARY ROLE TODAY IS TO RAISE AWARENESS AND FUNDING FOR THE HUNTSVILLE-MADISON COUNTY PUBLIC LIBRARY (HMCPL), CURRENTLY CONSISTING OF 10 LOCATIONS; 4 WITHIN THE CITY OF HUNTSVILLE, AND 6 OTHERS ACROSS MADISON COUNTY: TRIANA PUBLIC LIBRARY, MADISON PUBLIC LIBRARY, MONROVIA PUBLIC LIBRARY, TILLMAN D. HILL PUBLIC LIBRARY, GURLEY PUBLIC LIBRARY, AND ELIZABETH CARPENTER PUBLIC LIBRARY (CURRENTLY UNDER RENOVATIONS) OF NEW HOPE. THE HMCPL'S MISSION STATEMENT IS: THIS IS THE PUBLIC'S LIBRARY. WE EMPOWER INDIVIDUALS TO CREATE THEIR OWN FUTURES, EXPLORE THE UNIVERSE OF IDEAS, AND CONNECT WITH OUR COMMUNITY AND THE WORLD. ALL HMCLF ACTIVITIES AND EFFORTS ARE IN SUPPORT OF THE LIBRARY'S MISSION. THEREFORE, THE HMCLF HAS DUAL MISSIONS: 1) TO A
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HUNTSVILLE-MADISON COUNTY LIBRARY FOUNDATION RAISES FUNDING TO SUPPORT THE BOOKS AND MEDIA COLLECTIONS OF EACH OF THE 10 HUNTSVILLE-MADISON COUNTY PUBLIC LIBRARY LOCATIONS. WE ALSO FULLY FUND ONE PLATFORM FOR E-BOOKS, AUDIOBOOKS, AND MUSIC STREAMING. IN ADDITION, WE PROVIDE AN ANNUAL GRANT OPPORTUNITY FOR LOCATIONS AND DEPARTMENTS ACROSS THE SYSTEM TO INSTITUTE NEW ACTIVITIES OR PROGRAMS THAT ARE COMMUNITY SPECIFIC. WE RAISE THE FUNDING THROUGH AN ANNUAL EVENT WELL KNOWN IN THE COMMUNITY - VIVE LE LIVRE, WHICH IS A DINNER AND BOOK TALK BY AN OUTSTANDING AND WELL-KNOWN AUTHOR. WE ALSO HOST OTHER FREQUENT EVENTS THROUGH COMMUNITY CONVERSATIONS THAT MAKE OUR EXISTENCE MORE WIDELY KNOWN AND PROVIDE ADDITIONAL CULTURAL EXPOSURE FOR OUR COMMUNITY. ANOTHER ROLE FOR THE FOUNDATION IS THAT OF ADVOCACY. WE PROVIDE INFORMATION TO OUR COMMUNITY AT LARGE AND OUR GOVERNMENTAL LEADERS ARE FULLY AWARE OF THE FISCAL NEEDS OF THE LIBRARY'S OPERATIONS. WE ALSO SEEK DIRECT FUNDING FROM THEM. WITH FY 2021 BEING OUR 35TH YEAR OF EXISTENCE, WE HAVE A SENSE OF PRIDE AND PURPOSE IN OUR RELATIONSHIP WITH THE LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Mccarty Secretary | OfficerTrustee | 1 | $0 |
Ronica Ondocsin Chairperson | OfficerTrustee | 1 | $0 |
Brandy Brannon Smith Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Swoboda Vice Chairpe | OfficerTrustee | 1 | $0 |
Meg Weaver Chairperson | OfficerTrustee | 1 | $0 |
Eric Artrip Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $74,826 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,555 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,381 |
| Total Program Service Revenue | $0 |
| Investment income | $2,456 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,603 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $421,166 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $253 |
| Advertising and promotion | $3,520 |
| Office expenses | $2,692 |
| 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 | $2,388 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $436,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $343,958 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $343,958 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $245,794 |
| Net assets with donor restrictions | $98,164 |
| 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 | $343,958 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Huntsville Library Foundation has recieved totaling $49,200.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Huntsville Huntsville, AL PURPOSE: EDUCATION | $20,450 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,500 |
Ashburn Family Foundation Huntsville, AL PURPOSE: COMMUNITY VOLUNTEER SERVICE | $10,000 |
Stender Family Foundation Huntsville, AL PURPOSE: GENERAL SUPPORT | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,250 |
Endowment Analysis
| Beg. Balance | $97,764 |
| Earnings | $1,990 |
| Net Contributions | $100 |
| Other Expense | $1,690 |
| Ending Balance | $98,164 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
University Of Mississippi Foundation Oxford, MS | $716,526,476 | $64,727,887 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |