Anacortes Public Library Foundation
- Assets
- $1.6m
- Revenue
- $96.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Anacortes, WA
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 91-1933694
Organization Overview
Anacortes Public Library Foundation is located in Anacortes, WA. The organization was established in 1998. 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. Anacortes Public 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, Anacortes Public Library Foundation generated $96.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $94.3k 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 MISSION IS TO PROMOTE AND ENHANCE THE ANACORTES LIBRARY'S VALUE TO THE COMMUNITY THROUGH ADVOCACY, PROGRAM AND CAPITAL PROJECT FUNDING. TO AUGMENT, NOT REPLACE,TAX-BASED SUPPORT FOR THE ANACORTES LIBRARY BY SECURING DONATIONS, FUNDING AND ENDOWMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANACORTES PUBLIC LIBRARY
STUDENT SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Swan Past Preside | OfficerTrustee | 2 | $0 |
Janet Lowry President | OfficerTrustee | 2 | $0 |
Deborah Aldridge Vice Preside | OfficerTrustee | 2 | $0 |
Angela Currie Treasurer | OfficerTrustee | 2 | $0 |
Margaret Whatley Correspondin | OfficerTrustee | 2 | $0 |
Megan Taylor Friends Of T | Trustee | 1 | $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 | $53,916 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,916 |
| Total Program Service Revenue | $0 |
| Investment income | $30,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,629 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,290 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,983 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,762 |
| Fees for services: Other | $0 |
| Advertising and promotion | $188 |
| Office expenses | $361 |
| 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 | $0 |
| Insurance | $1,005 |
| All other expenses | $244 |
| Total functional expenses | $94,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,510 |
| Savings and temporary cash investments | $196,831 |
| 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 | $0 |
| Investments—publicly traded securities | $1,386,790 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,600,131 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $1,600,131 |
| Total liabilities and net assets/fund balances | $1,600,131 |
Grants Awarded
Over the last fiscal year, Anacortes Public Library Foundation has awarded $36,289 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ANACORTES PUBLIC LIBRARY PURPOSE: SUPPORT OF LIBRARY | $30,289 |
Mount Vernon, WA PURPOSE: SCHOLARSHIPS | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Anacortes Public Library Foundation has recieved totaling $39.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Endowment Analysis
| Beg. Balance | $1,325,855 |
| Earnings | $165,152 |
| Admin Expense | $10,762 |
| Net Contributions | $110,000 |
| Other Expense | $37,922 |
| Grants | $7,078 |
| Ending Balance | $1,545,244 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choice Regional Health Network Olympia, WA | $24,377,222 | $13,582,793 |
Housing Northwest Inc Portland, OR | $58,641,349 | $5,917,895 |
Seattle Public Library Foundation Seattle, WA | $96,431,810 | $10,213,683 |
Clark Community College District 14 Foundation Vancouver, WA | $121,917,031 | $11,491,033 |
Central Washington University Foundation Ellensburg, WA | $48,919,247 | $7,605,095 |
Green River College Foundation Auburn, WA | $36,981,286 | $4,351,003 |
College Of Southern Idaho Foundation Inc Twin Falls, ID | $47,429,745 | $8,059,079 |
Regent College Foundation Seattle, WA | $182,703 | $2,359,102 |
College Of Idaho 2nd Century Fund- Trust B A Charitable Education Tr Caldwell, ID | $12,230,873 | $1,074,973 |
Central Oregon Community College Foundation Bend, OR | $26,812,893 | $2,143,822 |
Skagit Valley College Foundation C-12 Campus Center Building Mount Vernon, WA | $21,510,181 | $4,966,852 |
Coburg Community Charter School Coburg, OR | $2,874,335 | $2,640,519 |