Teton County Library Foundation Inc
- Assets
- $9.2m
- Revenue
- $966.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Jackson, WY
- Founding
- 07/1984
- Data as of
- 06/2021
- EIN
- 74-2308826
Organization Overview
Teton County Library Foundation Inc is located in Jackson, WY. The organization was established in 1984. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2021, Teton County Library Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teton County Library Foundation Inc 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, Teton County Library Foundation Inc generated $966.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $510.9k during the year ending 06/2021. While expenses have increased by 0.3% per year over the past 6 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 MISSION OF THE LIBRARY FOUNDATION IS TO SECURE AND STEWARD RESOURCES TO SUPPORT THE TETON COUNTY LIBRARY...YOUR PLACE TO THRIVE IN A CHANGING WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pauline Towers-Dykeman Executive Director | OfficerTrustee | 40 | $98,773 |
Kelly Bass Director | Trustee | 0.5 | $0 |
John Becker Emeritus Director | Trustee | 0.2 | $0 |
Lauren Dickey Director | Trustee | 0.5 | $0 |
Jim Gersack Vp/treasurer | Trustee | 1 | $0 |
Emmie Hill Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $226,194 |
| Membership dues | $0 |
| Fundraising events | $62,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,811 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $457,505 |
| Total Program Service Revenue | $23,924 |
| Investment income | $95,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $386,655 |
| Net Income from Fundraising Events | $3,693 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $966,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $222,885 |
| 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. | $116,069 |
| Compensation of current officers, directors, key employees. | $17,410 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,891 |
| Pension plan accruals and contributions | $5,584 |
| Other employee benefits | $4,500 |
| Payroll taxes | $12,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $775 |
| Fees for services: Accounting | $7,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,566 |
| Fees for services: Other | $12,752 |
| Advertising and promotion | $9,006 |
| Office expenses | $4,201 |
| Information technology | $4,373 |
| Royalties | $0 |
| Occupancy | $1,251 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $629 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,000 |
| Insurance | $1,977 |
| All other expenses | $6,456 |
| Total functional expenses | $510,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,478 |
| Savings and temporary cash investments | $1,028,652 |
| 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 | $181,250 |
| Other assets | $8,012,992 |
| Total assets | $9,237,372 |
| Accounts payable and accrued expenses | $52,975 |
| 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 | $2,933 |
| Total liabilities | $55,908 |
| Net assets without donor restrictions | $4,089,366 |
| Net assets with donor restrictions | $5,092,098 |
| 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 | $9,237,372 |
Grants Awarded
Over the last fiscal year, Teton County Library Foundation Inc has awarded $372,182 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TETON COUNTY LIBRARY PURPOSE: LIBRARY OPERATIONS | $304,848 |
TETON COUNTY LIBRARY PURPOSE: EQUIPMENT DONATION | $67,334 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Teton County Library Foundation Inc has recieved totaling $404,985.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Jackson Hole Jackson, WY PURPOSE: CLASSICAL AND JAZZ COLLECTIONS | $374,305 |
Mrb Foundation Inc Lake Geneva, WI PURPOSE: EDUCATIONAL | $10,000 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
Andrew Allen Charitable Foundation Cheyenne, WY PURPOSE: GENERAL SUPPORT | $6,750 |
James Family Foundation Inc Charlotte, NC PURPOSE: SUPPORT PROGRAMS AND ENCHANCEMENTS TO THE TETON COUNTY LIBRARY | $2,500 |
H F Burroughs Family Foundation Beverly Hills, CA PURPOSE: EDUCATION | $2,500 |
Endowment Analysis
| Beg. Balance | $6,274,829 |
| Earnings | $1,898,967 |
| Admin Expense | $27,566 |
| Net Contributions | $15,000 |
| Other Expense | $148,239 |
| Ending Balance | $8,012,991 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Library Consortium Centennial, CO | $4,049,105 | $6,616,674 |
Outreach United Resource Center Inc Longmont, CO | $8,325,883 | $5,899,409 |
Community Information Trust Omaha, NE | $18,420,748 | $2,358,228 |
La Llave Family Resource Center Inc Alamosa, CO | $303,516 | $1,091,609 |
Missoula Public Library Foundation Inc Missoula, MT | $1,035,765 | $374,779 |
Limbo Up Foundation Inc Denver, CO | $0 | $377,102 |
Teton County Library Foundation Inc Jackson, WY | $9,237,372 | $966,896 |
Friends Of The Philipsburg Library Philipsburg, MT | $41,702 | $422,915 |
Flatirons Library Consortium Centennial, CO | $308,563 | $547,154 |
Foundation For Lincoln City Libraries Lincoln, NE | $5,573,127 | $429,065 |
Clearwater Memorial Public Library Orofino, ID | $684,794 | $257,673 |
Rocky Mountain Philatelic Library Denver, CO | $701,127 | $267,710 |