Longview Library Foundation
- Assets
- $3.5m
- Revenue
- $114.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Longview, WA
- Founding
- 04/2003
- Data as of
- 12/2021
- EIN
- 91-1948493
Organization Overview
Longview Library Foundation is located in Longview, WA. The organization was established in 2003. 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. Longview 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, Longview Library Foundation generated $114.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $93.7k 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 PURPOSE OF THE LONGVIEW LIBRARY FOUNDATION IS TO RECEIVE CONTRIBUTIONS FOR THE BETTERMENT AND CONTINUITY OF THE LONGVIEW PUBLIC LIBRARY; TO OVERSEE THESE FUNDS IN SUCH A MANNER AS TO PROVIDE A STABLE BASE OF FINANCIAL SUPPORT FOR THE LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LONGVIEW LIBRARY FOUNDATION IS AN INDEPENDENT NON-PROFIT CORPORATION WHICH SEEKS PRIVATE CONTRIBUTIONS TO PROVIDE FINANCIAL SUPPORT FOR THE LONGVIEW PUBLIC LIBRARYS SPECIAL NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Roth Treasurer | OfficerTrustee | 3 | $0 |
Rosemary Powelson Bailey Vice Chair | OfficerTrustee | 3 | $0 |
James Newkirk Temp Employee Sub Contracted | Officer | 1 | $0 |
Jane Ditewig Chair Development | Officer | 1 | $0 |
Chris Skaugset Library Director | Trustee | 3 | $0 |
Karen Jones Boardmember Friends Of The Li | 0 | $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 | $35,013 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,013 |
| Total Program Service Revenue | $0 |
| Investment income | $74,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $77 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,699 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,330 |
| Fees for services: Other | $596 |
| Advertising and promotion | $0 |
| Office expenses | $118 |
| Information technology | $39 |
| 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 | $1,823 |
| All other expenses | $1,502 |
| Total functional expenses | $93,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,650 |
| Savings and temporary cash investments | $67,324 |
| 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 | $3,351,274 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,460,248 |
| 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 | $3,460,248 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,460,248 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Longview Library Foundation has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Evans-Kelly Family Foundation Portland, OR PURPOSE: TO PROVIDE SUPPORT FOR COMMUNITY EVENTS | $1,500 |
Endowment Analysis
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 |