Montclair Free Public Library Foundation Inc
- Assets
- $1.2m
- Revenue
- $571.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Montclair, NJ
- Founding
- 04/2003
- Data as of
- 12/2023
- EIN
- 82-0558746
Organization Overview
Montclair Free Public Library Foundation Inc is located in Montclair, NJ. The organization was established in 2003. 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 12/2023, Montclair Free Public Library Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montclair Free 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 12/2023, Montclair Free Public Library Foundation Inc generated $571.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $483.5k during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDED GRANT SUPPORT TO ENHANCE PROGRAMS, COLLECTIONS, DIGITAL RESOURCES, WI-FI ACCESS, AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED SUPPORT FOR PROGRAMS SUCH AS SUMMER READING, STORY TIMES, FILIPINO HERITAGE FESTIVAL, BOOK CLUBS FOCUSED ON THE WORKS OF AUTHORS OF COLOR, AND THE OPEN BOOK / OPEN MIND AUTHOR CONVERSATION SERIES. MORE THAN 75 % OF MONTCLAIR RESIDENTS HAVE A LIBRARY CARD, AND THE FOUNDATION SUPPORTS PROGRAMS THAT BENEFIT THE WHOLE COMMUNITY. WHILE MUNICIPAL FUNDING PROVIDES FOR BASIC LIBRARY SERVICES (STAFFING, UTILITIES, BUILDING MAINTENANCE, ETC.), THE FOUNDATION SUPPORTS THE PROGRAMMING AND SPECIAL PROJECTS THAT MAKE OUR PUBLIC LIBRARY TRULY SPECIAL. FROM EARLY CHILDHOOD LITERACY TO PROGRAMS FOR SENIORS, THE FOUNDATION HELPS EXPAND THE REACH AND PROVIDE NEEDED SERVICES TO THE PEOPLE OF OUR COMMUNITY.
THE FOUNDATION SUPPORTED A LARGE-SCALE PROJECT TO EXPAND AND IMPROVE WI-FI ACCESS AT BOTH LIBRARY BRANCHES, MAKING WI-FI AVAILABLE IN THE OUTDOOR PLAZAS IN FRONT OF THE BUILDINGS. FUNDING FROM THE FOUNDATION ENABLED THE LIBRARY TO OFFER FREE ACCESS TO HOOPLA (DIGITAL MEDIA), KANOPY (MOVIES), MEDICI.TV (ARTS PROGRAMMING), CREATIVEBUG (ARTS AND CRAFT CLASSES), LINKEDIN LEARNING (BUSINESS, SOFTWARE, AND TECHNOLOGY CLASSES), AND RESEARCH DATABASES LIKE THE EBSCO BUNDLE TO ALL LIBRARY CARD HOLDERS. IN ADDITION, FOUNDATION SUPPORT PROVIDED NEW AUDIO/VIDEO CONFERENCING SYSTEMS TO EXPAND VERSATILITY IN OFFERING HYBRID PROGRAMS AND MEETINGS AS WELL AS NEW LAPTOPS AND A NEW EDUCATIONAL GAMING COMPUTER.
THE FOUNDATION FUNDS SPECIAL PROJECTS, SUCH AS THE ETUK BOOKMOBILE, WHICH BRINGS A LIBRARY EXPERIENCE TO ALL CORNERS OF OUR COMMUNITY. THE BOOKMOBILE CAN BE FOUND AT SCHOOLS, SENIOR CENTERS, SUMMER CAMPS, AND COMMUNITY EVENTS, EXPANDING ACCESS AND RAISING AWARENESS ABOUT THE RESOURCES AND PROGRAMS OF THE LIBRARY. THE ROTATING INVENTORY IN THE BOOKMOBILE, AND THE HARDWARE AND SOFTWARE THAT MAKE IT POSSIBLE TO BORROW BOOKS AND OTHER MATERIALS AND ISSUE LIBRARY CARDS, IS SUPPORTED BY THE FOUNDATION. THE FOUNDATION ALSO FUNDS THE MUSEUM PASS PROGRAM, MAKING VISITS TO OVER A DOZEN MUSEUMS AVAILABLE TO PATRONS AT NO COST.
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 |
|---|---|---|---|
Eileen Brackenbury Director | Trustee | 1 | $0 |
Dagmara Dominczyk Director | Trustee | 1 | $0 |
Jared Miller Treasurer | OfficerTrustee | 2 | $0 |
Mike Cocco Director | Trustee | 1 | $0 |
Henry Neff Director | Trustee | 1 | $0 |
Emily Hagen Vice-Chair | OfficerTrustee | 5 | $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 | $421,044 |
| Noncash contributions included in lines 1a–1f | $26,941 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $421,044 |
| Total Program Service Revenue | $0 |
| Investment income | $25,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,706 |
| Net Income from Fundraising Events | $149,883 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $571,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $202,323 |
| 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. | $173,112 |
| Compensation of current officers, directors, key employees. | $17,311 |
| Compensation to disqualified persons | $15,588 |
| 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 | $5,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,909 |
| Office expenses | $13,986 |
| Information technology | $10,986 |
| 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 | $0 |
| Insurance | $2,596 |
| All other expenses | $8,279 |
| Total functional expenses | $483,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,511 |
| Savings and temporary cash investments | $0 |
| 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 | $879,709 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172 |
| Total assets | $1,169,392 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,069,392 |
| Net assets with donor restrictions | $100,000 |
| 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 | $1,169,392 |