New Orleans Public Library Foundation
- Assets
- $1.4m
- Revenue
- $121.3k
- Investments
- $83.3k
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 10/1991
- Data as of
- 12/2022
- EIN
- 72-1179236
Organization Overview
New Orleans Public Library Foundation is located in New Orleans, LA. The organization was established in 1991. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. New Orleans 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 12/2022, New Orleans Public Library Foundation generated $121.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $89.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (23.4%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF THE CITY OF NEW ORLEANS LIBRARY SYSTEM AND CITY WIDE LITERACY EFFORTS THROUGH PARNTER ORGANIZATIONS, COMMUNITY ORGANIZATIONS AND INITIATIVES INCLUDING FUNDRAISING AND EXPENDING FUNDS TO SUPPLEMENT LIBRARY OPERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A NON-PROFIT CORPORATION ORGANIZED TO RECEIVE DONATIONS AND RAISE FUNDS TO PURCHASE BOOKS, LIBRARY MATERIAL AND OTHER EXPENDITURES FOR THE LIBRARY SYSTEM. THE ORGANIZATION ALSO SPONSORS LIBRARY RELATED PROGRAMS, LITERACY PROGRAMS AND OTHER COMMUNITY PROGRAMS FOR THE BENEFIT OF THE ORLEANS PUBLIC LIBRARY SYSTEM AND THE NEW ORLEANS COMMUNITY. THE NEW ORLEANS PUBLIC LIBRARY IS A PUBLIC FACILITY THAT IS OWNED AND OPERATED BY THE CITY OF NEW ORLEANS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Demetric Mercadel Board President | Trustee | 2 | $0 |
Sally Lindsay Member | Trustee | 1 | $0 |
Andrea Heard Vice President | Trustee | 1 | $0 |
Meb Norton Secretary | Trustee | 1 | $0 |
Barbara Waiters Member | Trustee | 1 | $0 |
Kathleen Coverick Treasurer | Trustee | 1 | $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 | $9,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,847 |
| Total Program Service Revenue | $0 |
| Investment income | $17,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,268 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $121,281 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,136 |
| Fees for services: Accounting | $6,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,676 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,217 |
| 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 | $9,459 |
| All other expenses | $10,105 |
| Total functional expenses | $89,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,270 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $289,800 |
| 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 | $969,424 |
| Investments—other securities | $83,276 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,369,770 |
| Accounts payable and accrued expenses | $4,442 |
| 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 | $4,442 |
| Net assets without donor restrictions | $1,336,186 |
| Net assets with donor restrictions | $29,142 |
| 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 | $1,369,770 |
Grants Awarded
Over the last fiscal year, New Orleans Public Library Foundation has awarded $152,253 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF GREATER NEW ORLEANS PURPOSE: PROGRAM SUPPORT | $25,000 |
NEW ORLEANS PUBLIC LIBRARY PURPOSE: PROGRAM SUPPORT | $127,253 |