Bozeman Public Library Foundation Inc
- Assets
- $6.3m
- Revenue
- $1.6m
- Investments
- $5.6m
- Employees
- 3
- Location
- Bozeman, MT
- Founding
- 10/1983
- Data as of
- 12/2022
- EIN
- 81-0405940
Organization Overview
Bozeman Public Library Foundation Inc is located in Bozeman, MT. The organization was established in 1983. 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 12/2022, Bozeman Public Library Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bozeman Public 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 12/2022, Bozeman Public Library Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $2.4m during the year ending 12/2022. 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
THE FOUNDATION'S MISSION IS TWO-FOLD. WE SEEK TO INCREASE AND ENHANCE THE QUALITY OF SERVICES, PROGRAMS, AND COMMUNITY EVENTS OFFERED BY THE BOZEMAN PUBLIC LIBRARY, BENEFITING THE RESIDENTS AND COMMUNITIES IT SERVES. THE FOUNDATION ALSO SUPPORTS AND ADVOCATES FOR PRIVATE AND PUBLIC SUPPORT OF THE LIBRARY, ACTING AS A CATALYST FOR ATTRACTING PRIVATE FUNDING FROM INDIVIDUALS, BUSINESSES, ORGANIZATIONS, AND FOUNDATIONS WHILE WORKING TO REINFORCE OVERALL PUBLIC SUPPORT FOR THE LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BPL FORWARD: RENOVATION OF LIBRARY SPACES.
ADULT COMMUNITY PROGRAMS, INCLUDING ONE BOOK ONE BOZEMAN, MOBILE OUTREACH, AND OPEN DOOR SOCIAL SERVICE OFFICE. SERVED 3,000
YOUTH AND EARLY LITERACY: PROGRAMS AND INITIATIVES THAT SUPPORT CHILDREN IN ACADEMIC SUCCESS AND CAREER READINESS. INCLUDES SUMMER READING,CHILDRENS FESTIVAL OF THE BOOK, STEAM ACTIVITIES, AND FAMILY LITERACY OUTREACH PARTNERSHIP WITH FOOD BANK. SERVED 7,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janay Johnson Executive Director | 40 | $109,799 | |
Tom Stonecipher Board Member | Trustee | 1 | $0 |
Renae Pine Board Member | Trustee | 1 | $0 |
Laura Cunningham Vice President | OfficerTrustee | 1 | $0 |
Christopher Kit Heffner Treasurer | OfficerTrustee | 3 | $0 |
Nancy Schrank Secretary | OfficerTrustee | 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 | $1,440,622 |
| Noncash contributions included in lines 1a–1f | $6,031 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,440,622 |
| Total Program Service Revenue | $0 |
| Investment income | $153,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,341 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,632,743 |
| 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. | $124,230 |
| Compensation of current officers, directors, key employees. | $37,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,215 |
| Pension plan accruals and contributions | $3,136 |
| Other employee benefits | $11,706 |
| Payroll taxes | $16,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,370 |
| Office expenses | $10,360 |
| Information technology | $520 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,692 |
| 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 | $1,975 |
| Insurance | $1,131 |
| All other expenses | $53,527 |
| Total functional expenses | $2,446,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,422 |
| Savings and temporary cash investments | $20,433 |
| Pledges and grants receivable | $44,250 |
| Accounts receivable, net | $17,000 |
| 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 | $86,271 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,571,466 |
| Investments—program-related | $0 |
| Intangible assets | $1,481 |
| Other assets | $279,704 |
| Total assets | $6,279,027 |
| Accounts payable and accrued expenses | $19,000 |
| 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 | $19,000 |
| Net assets without donor restrictions | $5,147,558 |
| Net assets with donor restrictions | $1,112,469 |
| 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 | $6,279,027 |