The Library Foundation Inc
- Assets
- $2.8m
- Revenue
- $124.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Gillette, WY
- Founding
- 12/1976
- Data as of
- 06/2022
- 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 06/2022, Library Foundation Inc generated $124.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $595.2k during the year ending 06/2022. 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
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.
THE CAMPBELL COUNTY RECREATION DISTRICT GRANT FUNDS APPEARANCES EACH YEAR - THESE AUTHORS ARE GEARED TO CHILDREN AND TEEN AUDIENCES; THE AUTHORS PROVIDE LITERACY PROGRAMS TO CAMPBELL COUNTY STUDENTS AND ALSO TO A GENERAL PUBLIC AUDIENCE AT THE LIBRARY. AS PART OF THE PUBLIC APPEARANCE, THE LIBRARY FOUNDATION PURCHASES BOOKS FROM PUBLISHERS AND THEN SELLS THE BOOKS AT THE EVENT. THESE TRANSACTIONS DO NOT GENERATE REVENUE FOR THE FOUNDATION; THE FOUNDATION GENERALLY BREAKS EVEN. THE FOUNDATION PROVIDES THIS PUBLIC SERVICE TO PROMOTE LITERACY BY GIVING LIBRARY USERS AN OPPORTUNITY TO ACQUIRE BOOKS WRITTEN BY THE AUTHORS WHO PRESENT THE LITERACY PROGRAM.
ART - ARTWORK IS PURCHASED FOR THE CAMPBELL COUNTY PUBLIC LIBRARY FOR DISPLAY. THESE PIECES ARE PURCHASED AND MAINTAINED BY THE FOUNDATION.
OTHER PROGRAM REVENUE INCLUDES ADULT PROGRAMS, NATIONAL LIBRARY WEEK, SUMMER READING AND BOOK SALES.
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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 | 1 | $0 |
Dara Corkery President | Officer | 1 | $0 |
Deb Proctor Treasurer | Officer | 1 | $0 |
Jenny Sorenson Secretary | Officer | 1 | $0 |
Barb Mcnutt Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,572 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,976 |
| Total Program Service Revenue | $8,977 |
| Investment income | $61,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,795 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $124,455 |
| 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 | $4,654 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,581 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,878 |
| Fees for services: Other | $478,565 |
| Advertising and promotion | $2,860 |
| Office expenses | $1,569 |
| 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 | $5,160 |
| Insurance | $2,679 |
| All other expenses | $2,066 |
| Total functional expenses | $595,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,403 |
| Savings and temporary cash investments | $44,159 |
| 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 | $46,440 |
| Investments—publicly traded securities | $2,705,194 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,822,196 |
| 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 | $901,763 |
| Total liabilities | $901,763 |
| 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 | $1,920,433 |
| Total liabilities and net assets/fund balances | $2,822,196 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Library Foundation Inc has recieved totaling $28.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Boise State University Foundation Inc Boise, ID | $181,429,408 | $23,699,772 |
University Of Montana Foundation Missoula, MT | $300,141,439 | $43,572,466 |
University Of Idaho Foundation Inc Moscow, ID | $461,396,601 | $57,102,014 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
Montana State University Foundation Bozeman, MT | $271,741,291 | $31,692,855 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |