The Library Foundation Inc
- Assets
- $3.0m
- Revenue
- $296.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Gillette, WY
- Founding
- 12/1976
- Data as of
- 06/2023
- EIN
- 83-0234279
Organization Overview
The Library Foundation Inc is located in Gillette, WY. The organization was established in 1976. 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. 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 06/2023, Library Foundation Inc generated $296.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $112.6k during the year ending 06/2023. While expenses have increased by 8.8% per year over the past 8 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
SUPPORT OF THE LIBRARY PROGRAMS AT CAMPBELL COUNTY PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAFF SUPPORT - A TOP GOAL FOR THE LIBRARY IS TO FOSTER STAFF DEVELOPMENT AND A POSITIVE ORGANIZATIONAL CULTURE. THE LIBRARY FOUNDATION SUPPORTS THIS GOAL BY ASSISTING WITH COSTS FOR STAFF TRAINING AND RELATED TRAVEL AS WELL AS FOR EXPENSES RELATED TO STAFF APPRECIATION.
OTHER PROGRAM REVENUE INCLUDES ADULT PROGRAMS, NATIONAL LIBRARY WEEK, SUMMER READING, SCANNING & COPYING SERVICES, AND BOOK SALES.
THE LIBRARY FOUNDATION IS THE FISCAL SPONSOR OF THE DOLLY PARTON PROGRAM. THEY AGREED TO BE THE FISCAL SPONSOR BECAUSE THE PROJECT SUPPORTS EARLY LITERACY, WHICH IS ALSO THE PURPOSE OF THE LIBRARY. FUNDRAISING IS HANDLED BY TWO COMMUNITY MEMBERS WHO TOOK ON THIS COMMUNITY PROJECT. THESE TWO INDIVIDUALS ARE VOLUNTEERS WHO RAISE FUNDS FOR BOOKS AND SIGN UP MEMBERS OF THE COMMUNITY TO RECEIVE FREE CHILDREN'S BOOKS FOR KIDS 0 TO AGE 5. THE DOLLY PARTON FOUNDATION PROVIDES THE BOOKS VIA MAIL TO KIDS AT A GREATLY DISCOUNTED PRICE (THE DOLLY PARTON FOUNDATION COVERS MOST OF THE COST OF BOOKS/POSTAGE). THE LIBRARY FOUNDATION DEPOSITS FUNDRAISING PROCEEDS AND PAYS FOR THE BOOKS OUT OF THE THE LIBRARY FOUNDATION'S DOLLY PARTON FIB BANK ACCOUNT.
ART - ARTWORK IS PURCHASED FOR THE CAMPBELL COUNTY PUBLIC LIBRARY FOR DISPLAY. THESE PIECES ARE PURCHASED AND MAINTAINED BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Lesley Library Dire | OfficerTrustee | 1 | $0 |
Cheryl Ballard Vice-Preside | Officer | 11 | $0 |
Dara Corkery President | Officer | 1 | $0 |
Barb Mcnutt Member | Officer | 1 | $0 |
Deb Proctor Treasurer | Officer | 1 | $0 |
Jenny Sorenson Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,038 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,724 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,762 |
| Total Program Service Revenue | $29,598 |
| Investment income | $585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,775 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $296,411 |
| 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 | $5,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,122 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,075 |
| Office expenses | $1,084 |
| 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 | $4,669 |
| Insurance | $0 |
| All other expenses | $15,603 |
| Total functional expenses | $112,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,001 |
| Savings and temporary cash investments | $44,730 |
| 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 | $41,771 |
| Investments—publicly traded securities | $2,869,135 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,005,637 |
| 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 | $901,412 |
| Total liabilities | $901,412 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,104,225 |
| Total liabilities and net assets/fund balances | $3,005,637 |