Friends Of The Lubbock Public Library Inc
- Assets
- $537.8k
- Revenue
- $261.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 12/1967
- Data as of
- 12/2021
- EIN
- 75-6063293
Organization Overview
Friends Of The Lubbock Public Library Inc is located in Lubbock, TX. The organization was established in 1967. 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. Friends Of The Lubbock Public Library 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 12/2021, Friends Of The Lubbock Public Library Inc generated $261.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $155.1k during the year ending 12/2021. 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
TO FINANCIALLY CONTRIBUTE TO THE LUBBOCK LIBRARY SYSTEM AND PROMOTING ITS MANY PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO THE LIBRARY: LIBRARY IMPROVEMENTS AND BOOK PURCHASES, STAFF EDUCATION.
ENCOURAGEMENT OF LIBRARY USE: READING RAINBOW PROGRAM, GENEOLOGY AND THE LITERACY COALITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maxine Young Asmah Secretary | Officer | 15 | $0 |
Lynne Strickland Secretary | Officer | 15 | $0 |
Desiree Freyburger President | Officer | 20 | $0 |
Dianne Ivy Treasurer | Officer | 20 | $0 |
Loraine Oglesby Co-Vice-Pres | Officer | 15 | $0 |
Louise Ramsay Co-Vice-Pres | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,385 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $252,754 |
| Noncash contributions included in lines 1a–1f | $191,513 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,139 |
| Total Program Service Revenue | $0 |
| Investment income | $1,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,730 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,621 |
| 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 | $2,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,063 |
| Insurance | $1,516 |
| All other expenses | $0 |
| Total functional expenses | $155,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,010 |
| Savings and temporary cash investments | $394,338 |
| 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 | $8,437 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $537,785 |
| 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 | $1,181 |
| Total liabilities | $1,181 |
| Net assets without donor restrictions | $458,571 |
| Net assets with donor restrictions | $78,033 |
| 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 | $537,785 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Friends Of The Lubbock Public Library Inc has recieved totaling $75,279.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $28,045 |
Community Foundation Of West Texas Lubbock, TX PURPOSE: GENERAL SUPPORT | $27,195 |
Ch Foundation Lubbock, TX PURPOSE: SUPPORT FOR AUDIO AND E-BOOKS | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Endowment Analysis
| Beg. Balance | $75,637 |
| Net Contributions | $47,195 |
| Other Expense | $44,799 |
| Ending Balance | $78,033 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |