Sno-Isle Regional Library Foundation
- Assets
- $2.3m
- Revenue
- $328.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Marysville, WA
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 91-2010318
Organization Overview
Sno-Isle Regional Library Foundation is located in Marysville, WA. The organization was established in 2000. 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. Sno-Isle 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 12/2022, Sno-Isle Regional Library Foundation generated $328.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $255.5k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE SUPPORT FOR VIBRANT LIBRARY PROGRAMS AND SERVICES IN SNOHOMISH AND ISLAND COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL EXPENSES INCLUDE SUPPORT OF PROGRAMS AND LIBRARIES THROUGHOUT THE SNO-ISLE LIBRARIES DISTRICT, INCLUDING LEASE EXPENSES FOR THE MARINER AND LAKEWOOD/SMOKEY POINT DEMONSTRATION LIBRARIES, SUPPORT FOR FACILITY UPGRADES, AND MORE.
SNO-ISLE LIBRARIES' THIRD GRADERS READ TOGETHER PROGRAM PROMOTES LITERACY, READING PROFICIENCY, LIFELONG LEARNING, AND TEAMWORK SKILLS, WHICH ENCOURAGE FUTURE ACADEMIC SUCCESS FOR 3RD GRADE STUDENTS. 4,200 STUDENTS FROM 65 SCHOOLS IN SNOHOMISH AND ISLAND COUNTIES PARTICIPATED IN THE PROGRAM.
SNO-ISLE LIBRARIES SUMMER READING PROGRAM ENCOURAGES STUDENT LITERACY AND ACADEMIC SUCCESS WHILE HELPING STUDENTS AVOID DECLINING EDUCATIONAL ABILITY DURING THE SUMMER VACATION. IN 2022, WE HAD 5,472 SUMMER READING FINISHERS, WHO READ OVER 2.2 MILLION MINUTES IN TOTAL. SUPPORT FROM THE FOUNDATION PROVIDED PRIZE BOOKS FOR PROGRAM FINISHERS AT THE MARINER, LAKEWOOD/SMOKEY POINT, MONROE, MOUNTLAKE TERRACE, AND STANWOOD LIBRARIES AS WELL AS 1,500 PRIZE BOOKS TO PROGRAM PARTICIPANTS AT 14 BOYS & GIRLS CLUBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Distelhorst President | OfficerTrustee | 2 | $0 |
Jackie Defazio Vice President | OfficerTrustee | 2 | $0 |
Mary Anderson Secretary | OfficerTrustee | 2 | $0 |
Rose Olson Board Of Trustees Liaison | Trustee | 2 | $0 |
Rim Benoud-Schmitz Director | Trustee | 2 | $0 |
Heather Croteau Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $91,879 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $326,728 |
| Total Program Service Revenue | $2,923 |
| Investment income | $5,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,167 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $328,024 |
| 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 | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,891 |
| Fees for services: Other | $18,871 |
| Advertising and promotion | $1,063 |
| Office expenses | $3,904 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,655 |
| Travel | $56 |
| 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 | $930 |
| All other expenses | $0 |
| Total functional expenses | $255,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,935 |
| Savings and temporary cash investments | $1,194,330 |
| 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 | $911,497 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,267,762 |
| 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 | $135,274 |
| Net assets with donor restrictions | $2,132,488 |
| 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 | $2,267,762 |