Friends Of Lakewood Library
- Assets
- $34.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood, WA
- Founding
- 06/1961
- Data as of
- 09/2022
- EIN
- 91-0656325
Organization Overview
Friends Of Lakewood Library is located in Lakewood, WA. The organization was established in 1961. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Lakewood Library 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 09/2022, Friends Of Lakewood Library generated $13.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $8.8k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (22.8%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
TO PROMOTE, SPONSOR, AND CONTRIBUTE TO TILLACOM LIBRARY (A PUBLIC LIBRARY) IN WAYS WHICH WILL ENHANCE LIBRARY SERVICE TO LAKEWOOD THROUGH PURCHASING MATERIALS AND EQUIPMENT, AND SPONSORING PROGRAMS TO ENRICH THE CULTURAL AND EDUCATIONAL LIFE OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noel Sheldahl Treasurer | 2 | $0 | |
Janna Johnson Board Member | 1 | $0 | |
Barbara Trimble Board Member | 1 | $0 | |
Mary Ann Whitwell Secretary | 2 | $0 | |
Linda Tatlock Vice Preside | 2 | $0 | |
Virginia Rawlings Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,372 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,145 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,517 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,025 |
| Professional fees and other payments to independent contractors | $445 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $415 |
| Other expenses | $5,957 |
| Total expenses | $8,842 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,585 |
| Other assets | $0 |
| Total assets | $34,445 |
| Total liabilities | $83 |
| Net assets or fund balances | $34,362 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Mill Community Library Association Of Washington County Portland, OR | $2,777,165 | $5,197,203 |
Community Library Association Inc Ketchum Sun Valley & Triumph Ketchum, ID | $24,030,804 | $4,468,077 |
King County Library System Foundation Issaquah, WA | $10,486,562 | $2,076,061 |
The Corvallis-Benton County Public Library Foundation Inc Corvallis, OR | $2,504,899 | $545,635 |
Friends Of The Manchester Library Manchester, WA | $907,455 | $343,129 |
Bainbridge Public Library Inc Bainbridge Island, WA | $6,117,018 | $388,495 |
Friends Of The Seattle Public Library Seattle, WA | $258,163 | $276,616 |
Friends Of The Eugene Public Library Eugene, OR | $108,266 | $0 |
Douglas County Library Foundation Roseburg, OR | $2,904,390 | $2,131,346 |
Friends Of The Salem Public Library Salem, OR | $120,374 | $0 |
Friends Of Lakewood Library Lakewood, WA | $34,445 | $0 |
Friends Of The Ada County District Library Inc Boise, ID | $45,039 | $0 |