Fayetteville Public Library Foundation
- Assets
- $29.6m
- Revenue
- $3.7m
- Investments
- $5.0m
- Employees
- 8
- Location
- Fayetteville, AR
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 71-0827418
Organization Overview
Fayetteville Public Library Foundation is located in Fayetteville, AR. The organization was established in 1999. 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, Fayetteville Public Library Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fayetteville 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 12/2021, Fayetteville Public Library Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 31.4% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION SPEARHEADS MAJOR FUND-RAISING CAMPAIGNS TO BRIDGE THE GAP CAUSED BY SHRINKING MUNICIPAL BUDGETS AND THE LIBRARY'S GROWING NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILD AND MAINTAIN A NEW LIBRARY, ADVANCEMENT OF THE ROLE OF LIBRARY IN ENCOURAGING READING, KNOWLEDGE ACQUISITION, AND A LOVE OF LITERATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Hodges Treasurer | OfficerTrustee | 0.25 | $0 |
Grant Davis Vice-President | OfficerTrustee | 0.25 | $0 |
Melody Timinsky President | OfficerTrustee | 0.25 | $0 |
Joel Thornton Treasurer | OfficerTrustee | 0.25 | $0 |
Kim Agee Board Member | Trustee | 0.25 | $0 |
Carolyn Henderson Allen Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,037,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,037,820 |
| Total Program Service Revenue | $0 |
| Investment income | $101,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $416,000 |
| Net Gain/Loss on Asset Sales | $170,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,745,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $107,700 |
| 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 | $135,950 |
| Pension plan accruals and contributions | $4,780 |
| Other employee benefits | $6,230 |
| Payroll taxes | $9,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,384 |
| Fees for services: Accounting | $28,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $28,473 |
| Fees for services: Investment Management | $33,744 |
| Fees for services: Other | $15,516 |
| Advertising and promotion | $0 |
| Office expenses | $15,942 |
| Information technology | $25,166 |
| Royalties | $0 |
| Occupancy | $2,250 |
| Travel | $1,883 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $539,121 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $796,607 |
| Insurance | $17,119 |
| All other expenses | $279 |
| Total functional expenses | $1,788,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $585,467 |
| Savings and temporary cash investments | $1,877,922 |
| Pledges and grants receivable | $6,007,205 |
| Accounts receivable, net | $467 |
| 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 | $22,952 |
| Net Land, buildings, and equipment | $16,032,610 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,016,784 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,882 |
| Total assets | $29,555,289 |
| Accounts payable and accrued expenses | $9,013,758 |
| Grants payable | $0 |
| Deferred revenue | $6,523 |
| 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 | $9,020,281 |
| Net assets without donor restrictions | $8,005,805 |
| Net assets with donor restrictions | $12,529,203 |
| 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 | $29,555,289 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Fayetteville Public Library Foundation has recieved totaling $737,148.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: SUPPORT FOR THE BEYOND WORDS CAMPAIGN | $250,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO PILOT THE MICROENTREPRENEURSHIP PROGRAM, AN INITIATIVE FOR ASPIRING ENTREPRENEURS TO VALIDATE THEIR IDEAS, OBTAIN EXPERIENCE IN FABRICATION AND MICRO-PRODUCTION PROCESSES, AND CONNECT WITH NC RESOURCE ORGANIZATIONS AND FUNDING OPPORTUNITIES. | $192,644 |
Lennox Foundation Wilmington, DE PURPOSE: WORDS ON WHEELS BOOKMOBILE PROJECT | $100,000 |
Starr Foundation Inc Fayetteville, AR PURPOSE: UNDESIGNATED | $60,000 |
James Burton Blair Family Foundation Inc Fayetteville, AR PURPOSE: BEYOND WORDS CAMPAIGN | $52,000 |
Schmieding Foundation Term Springdale, AR PURPOSE: VARIOUS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
University Of Southern Mississippi Foundation Hattiesburg, MS | $151,472,857 | $19,113,544 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
Usmma Sailing Foundation Inc Spring Hill, TN | $32,552,654 | $5,996,554 |
Robert M Hearin Support Foundation Jackson, MS | $193,382,417 | $17,750,137 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |