Library Foundation Of Mcminnville
- Assets
- $765.6k
- Revenue
- $41.7k
- Investments
- $0.0
- Employees
- 0
- Location
- McMinnville, OR
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 93-0871514
Organization Overview
Library Foundation Of Mcminnville is located in McMinnville, OR. The organization was established in 2015. 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. Library Foundation Of Mcminnville 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, Library Foundation Of Mcminnville generated $41.7k 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 (7.0%) each year. All expenses for the organization totaled $36.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. 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 LIBRARY FOUNDATION OF MCMINNVILLE SEEKS TO GROW STABLE FUNDING TO ENHANCE MCMINNVILLE PUBLIC LIBRARY ACTIVITIES AND COLLECTION BEYOND THE LIMITS OF THE MCMINNVILLE CITY BUDGET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION ENHANCEMENTADDING TO THE LIBRARY'S COLLECTION OF BOOKS AND OTHER PATRON MATERIALS IS CENTRAL TO THE FOUNDATION'S SUPPORT. FOR 2021, THE FOUNDATION FUNDED THE ADDITION OF 786 ITEMS.
BOOK BUDDIESDURING SUMMER MONTHS WHEN STUDENTS DO NOT HAVE ACCESS TO THEIR SCHOOL LIBRARIES, MCMINNVILLE PUBLIC LIBRARY REACHES OUT WITH ITS BOOKMOBILE TO BRING BOOKS AND ACTIVITIES TO UNDERSERVED NEIGHBORHOODS. THE CHILDREN ARE EXCITED TO MEET THE BOOKMOBILE WHEN IT COMES, RECEIVING FREE BOOKS, BORROWING BOOKS, PARTICIPATING IN STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND MATH) PROJECTS, AND MAINTAINING THEIR ENERGY WITH HEALTHY SNACKS. THE TEAM OFFERING THESE SERVICES COMPRISES BOTH PAID LIBRARY STAFF AND VOLUNTEERS. FOUNDATION ASSISTANCE INCLUDES FUNDING FOR PERSONNEL AND SUPPLIES COSTS. THE BOARD HAS MADE BOOK BUDDIES AN ONGOING PART OF ITS SUPPORT FOR THE LIBRARY, AS IT DOES WITH COLLECTION ENHANCEMENT.FOR 2021, BOOK BUDDIES TOOK THE BOOKMOBILE TO FOUR DIFFERENT NEIGHBORHOODS ONCE A WEEK FOR NINE WEEKS, 1.5 HOURS PER VISIT. ALTHOUGH COVID RESTRICTIONS LIMITED ACTIVITY ALLOWED DURING THE NEIGHBORHOOD STOPS, THIS OUTREACH SERVED 1,079 PROGRAM PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Strunk Vice President | OfficerTrustee | 0.3 | $0 |
Shay Mcclean Secretary | OfficerTrustee | 0.1 | $0 |
Janet Sasaki President | OfficerTrustee | 0.3 | $0 |
Jenny Johns Treasurer | OfficerTrustee | 0.8 | $0 |
Erin Butler Board Member | Trustee | 0.3 | $0 |
Nicholas Peasley Board Member | Trustee | 0.2 | $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 | $16,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,640 |
| Total Program Service Revenue | $0 |
| Investment income | $25,011 |
| 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 | $41,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,970 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $746 |
| All other expenses | $0 |
| Total functional expenses | $36,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,447 |
| Savings and temporary cash investments | $12,689 |
| 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 | $750,474 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $765,610 |
| 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 | $674,608 |
| Net assets with donor restrictions | $91,002 |
| 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 | $765,610 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Library Foundation Of Mcminnville has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Education | $10,000 |
Endowment Analysis
| Beg. Balance | $107,634 |
| Earnings | $12,146 |
| Net Contributions | $2,000 |
| Other Expense | $18,067 |
| Ending Balance | $103,713 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Charter Schools Clarksburg, CA | $6,835,428 | $11,158,967 |
Thomas Jefferson School Of Law San Diego, CA | $18,601,519 | $10,934,799 |
Csu Bakersfield Auxiliary For Sponsored Programs Administration Bakersfield, CA | $4,727,520 | $8,677,817 |
The University Foundation California State University Chico Chico, CA | $91,966,484 | $11,469,732 |
Choice Regional Health Network Olympia, WA | $24,377,222 | $13,582,793 |
College For Certain Inc Oakland, CA | $162,300,050 | $19,960,533 |
Nnh Support Reno, NV | $5,000 | $0 |
The Richard Nixon Foundation Yorba Linda, CA | $62,998,242 | $9,688,165 |
Great Basin College Foundation Elko, NV | $13,766,452 | $2,685,144 |
Ravenswood Education Foundation Menlo Park, CA | $10,833,886 | $9,405,979 |
University Foundation At Sacramento State Sacramento, CA | $93,463,770 | $14,749,605 |
Indian Institute Of Technology Kanpur Foundation Inc Palo Alto, CA | $2,445,670 | $9,032,117 |