Kitsap Regional Library Foundation
- Assets
- $1.5m
- Revenue
- $938.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bremerton, WA
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 91-1605136
Organization Overview
Kitsap Regional Library Foundation is located in Bremerton, WA. The organization was established in 1994. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. Kitsap 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 12/2021, Kitsap Regional Library Foundation generated $938.2k 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 (7.4%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS ESTABLISHED TO PROMOTE AND RECEIVE PHILANTHROPIC GIFTS FOR THE BENEFIT OF THE KITSAP REGIONAL LIBRARY BEYOND THE LEVEL ALLOWED BY TAX SUPPORT. THE FOUNDATION SEEKS TO PROVIDE FUNDING FOR PROGRAM ENHANCEMENTS, CAPITAL PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KITSAP REGIONAL LIBRARY FOUNDATION SUPPORTED KITSAP REGIONAL LIBRARY DURING 2021 BY PROVIDING THE FUNDS NECESSARY TO ALLOW FOR ADDITIONAL PROGRAMS, COLLECTION EXPANSION, AND CAPITAL PROJECTS, INCLUDING SUMMER LEARNING, VARIOUS BRANCH PROGRAMS, AND THE SILVERDALE LIBRARY CAPITAL PROJECT, ALL FOR THE BENEFIT OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Driskell Assistant Director | 40 | $104,000 | |
Wendy Kile Executive Director | Officer | 24 | $69,446 |
Erik Fong Vice President | Trustee | 1 | $0 |
Ann Vogel Secretary | Trustee | 1 | $0 |
Andrea Sanchez-Williams Board Member | Trustee | 1 | $0 |
Brian Wicks President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,585 |
| All other contributions, gifts, grants, and similar amounts not included above | $812,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $930,685 |
| Total Program Service Revenue | $0 |
| Investment income | $7,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $938,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,940,831 |
| 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. | $173,446 |
| Compensation of current officers, directors, key employees. | $59,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,293 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,880 |
| Payroll taxes | $16,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,077 |
| Office expenses | $23,666 |
| Information technology | $14,648 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $181 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,299,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,904 |
| Savings and temporary cash investments | $1,204,915 |
| Pledges and grants receivable | $35,000 |
| 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 | $14,902 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,248 |
| Total assets | $1,516,969 |
| Accounts payable and accrued expenses | $2,236 |
| 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 | $2,236 |
| Net assets without donor restrictions | $1,360,813 |
| Net assets with donor restrictions | $153,920 |
| 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 | $1,516,969 |
Grants Awarded
Over the last fiscal year, Kitsap Regional Library Foundation has awarded $735,829 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Bremerton, WA PURPOSE: TO SUPPORT THE LIBRARY MISSION AND PROGRAMS | $712,029 |
VOTE YES KITSAP REGIONAL LIBRARY PURPOSE: CONTRIBUTION TO VOTE YES KITSAP REGIONAL LIBRARY IN SUPPORT OF LIFTING THE LEVY LID. | $23,800 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Kitsap Regional Library Foundation has recieved totaling $38,447.
| Awarding Organization | Amount |
|---|---|
Kitsap Community Foundation Silverdale, WA PURPOSE: OPERATIONS AND SUPPORT. | $10,200 |
Bainbridge Community Foundation Bainbridge Island, WA PURPOSE: GENERAL SUPPORT | $10,000 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT | $10,000 |
One Call For All Bainbridge Island, WA PURPOSE: GENERAL SUPPORT | $5,215 |
Fred H And Mary S Dore Charitable Ffoundation Bainbridge Island, WA PURPOSE: COMMUNITY | $1,000 |
Fred H And Mary S Dore Charitable Ffoundation Bainbridge Island, WA PURPOSE: COMMUNITY | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kitsap Regional Library Foundation Bremerton, WA | $1,516,969 | $938,219 |
Fort Vancouver Regional Library Foundation Vancouver, WA | $8,963,809 | $1,515,476 |
Womens Resource Center Of North Central Washington Wenatchee, WA | $10,488,130 | $1,581,282 |
The Friendship Circle Of Washington Mercer Island, WA | $940,561 | $1,038,130 |
The Aloha Community Library Association Aloha, OR | $542,956 | $702,442 |
Garden Home Community Library Association Portland, OR | $673,265 | $584,500 |
Organic Farm School Formerly Greenbank Farm Management Group Freeland, WA | $477,234 | $509,869 |
Ocean Shores Library Foundation Ocean Shores, WA | $243,534 | $0 |
Crossroads Resource Center Moses Lake, WA | $610,373 | $442,019 |
Clearwater Memorial Public Library Orofino, ID | $684,794 | $257,673 |
Greater Applegate Community Development Corporation Jacksonville, OR | $185,013 | $289,255 |
Meridian Library District Foundation Inc Meridian, ID | $184,757 | $0 |