Library Futures Foundation
- Assets
- $116.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Biddeford, ME
- Founding
- Data as of
- 12/2023
- EIN
- 85-2048410
Organization Overview
Library Futures Foundation is located in Biddeford, ME. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Library Futures Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Library Futures Foundation generated $100.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $61.5k during the year ending 12/2023. While expenses have increased by 12.6% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ADVANCE THE CHARITABLE AND EDUCATIONAL INTERESTS OF LIBRARIES AND OTHER INSTITUTIONS THAT SEEK TO MAKE DIGITAL CONTENT AVAILABLE AND ACCESSIBLE AS A PUBLIC GOOD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Courtney Chairman | 1 | $0 | |
Meikle Hall Secretary | 1 | $0 | |
Caroline Taylor Treasurer | 1 | $0 | |
Heather Joseph Director | 1 | $0 | |
John Chrastka Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $100,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $49,872 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,211 |
| Other expenses | $10,420 |
| Total expenses | $61,503 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $116,614 |
| Other assets | $0 |
| Total assets | $116,614 |
| Total liabilities | $1,883 |
| Net assets or fund balances | $114,731 |