Fort Vancouver Regional Library Foundation
- Assets
- $10.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Vancouver, WA
- Founding
- 02/1996
- Data as of
- 06/2024
- EIN
- 91-1456753
Organization Overview
Fort Vancouver Regional Library Foundation is located in Vancouver, WA. The organization was established in 1996. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2024, Fort Vancouver Regional Library Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Vancouver Regional Library Foundation 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 06/2024, Fort Vancouver Regional Library Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $2.7m during the year ending 06/2024. While expenses have increased by 14.5% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EXTEND THE REACH AND ENHANCE THE DEPTH OF PUBLIC LIBRARY SERVICES TO RESIDENTS OF SOUTHWEST WASHINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH OF THE FIFTEEN LIBRARIES HAS A FRIENDS OF THE LIBRARY GROUP THAT COLLECTS DUES, HOLDS BOOK SALES AND OTHER FUNDRAISING EVENTS AND CAMPAIGNS TO SUPPORT THAT LIBRARY IN ADDITION TO THE SUPPORT FROM THE FOUNDATION FOR THESE LIBRARIES.
THE FOUNDATION RECEIVES GRANTS AND INDIVIDUAL CONTRIBUTIONS FOR THE PURPOSE OF EXPANDING THE BOOK COLLECTIONS OF THE VARIOUS BRANCHES.
THE FOUNDATION SUPPORTS VARIOUS LIBRARY FUNCTIONS THROUGHOUT SOUTHWESTERN WASHINGTON INCLUDING BOOK PURCHASES, LIBRARY SUPPORT SERVICES AND ADVOCATING ON BEHALF OF THE LIBRARY DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Brown Vice-Chair | OfficerTrustee | 2 | $0 |
Wendi Eaton Board Member | Trustee | 2 | $0 |
Debbie Jennerjohn Board Chair | OfficerTrustee | 2 | $0 |
Byron Molle Board Member | Trustee | 2 | $0 |
Rich Koplan Treasurer | OfficerTrustee | 2 | $0 |
Kristi Spurgeon Board Member | Trustee | 2 | $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 | $2,235,673 |
| Noncash contributions included in lines 1a–1f | $24,102 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,235,673 |
| Total Program Service Revenue | $33,038 |
| Investment income | $319,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,155 |
| Net Income from Fundraising Events | $242,167 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,881,749 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,000 |
| 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. | $193,442 |
| Compensation of current officers, directors, key employees. | $77,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $265,391 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,561 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,888 |
| Fees for services: Accounting | $24,747 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198 |
| Advertising and promotion | $9,104 |
| Office expenses | $57,339 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,437 |
| 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 | $1,735 |
| Insurance | $6,296 |
| All other expenses | $44,479 |
| Total functional expenses | $2,680,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,932 |
| Savings and temporary cash investments | $695,746 |
| 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 | $4,900 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $45,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,085,725 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,211,470 |
| Accounts payable and accrued expenses | $17,806 |
| 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 | $17,806 |
| Net assets without donor restrictions | $3,755,165 |
| Net assets with donor restrictions | $6,438,499 |
| 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 | $10,211,470 |
Grants Awarded
Over the last fiscal year, Fort Vancouver Regional Library Foundation has awarded $471,046 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FORT VANCOUVER REGIONAL LIBRARY DISTRICT PURPOSE: THE FOUNDATION PURCHASES BOOKS FOR USE BY THE LIBRARIES OF THE FORT VANCOUVER LIBRARY DISTRICT. THE FOUNDATION ALSO PROVIDES CASH FOR NEW LIBRARY BUILDINGS OR BUILDING IMPROVEMENT PROJECTS. THE FOUNDATION ALSO ASSISTS THE LIBRARY DISTRICT WITH FUNDS FOR VARIOUS READING AND LITERACY PROGRAMS. | $467,486 |
CITIZENS FOR LEWIS RIVER LIBRARY DISTRICT PURPOSE: POLITICAL CONTRIBUTION TO SUPPORT BALLOT MEASURES ESTABLISHING LIBRARY DISTRICT | $3,560 |