The Newport Public Library Foundation Inc
- Assets
- $900.8k
- Revenue
- $46.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, OR
- Founding
- 09/1991
- Data as of
- 06/2021
- EIN
- 93-1056759
Organization Overview
The Newport Public Library Foundation Inc is located in Newport, OR. The organization was established in 1991. 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. Newport Public Library Foundation Inc 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 06/2021, Newport Public Library Foundation Inc generated $46.6k 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 (19.8%) each year. All expenses for the organization totaled $22.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (31.9%) 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
TO COOPERATE WITH THE NEWPORT PUBLIC LIBRARY TO ENCOURAGE EDUCATION AND THE READING OF BOOKS THROUGH A WIDE USE OF THE LIBRARY FACILITIES AND TO GENERALLY BENEFIT, SUPPORT, AND PROMOTE THE ACTIVITIES OF THE NEWPORT PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE LIBRARY MATERIALS AND SUPPORT LIBRARY PROGRAMS. 99 PERSONS PARTICIPATED IN THE YOUTH SUMMER READING PROGRAM. 504 PERSONS PARTICIPATED IN THE YOUTH MONTHLY OUTREACH PROGRAM. 75 PERSONS PARTICIPATED IN THE LINCOLN COUNTY READS PROGRAM. 2119 PERSONS PARTICIPATED IN ADULT PROGRAMS WITH 162 PARTICIPATING IN THE ADULT SUMMER READING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Franklin Vice Preside | OfficerTrustee | 0.75 | $0 |
Gretchen Havner President | OfficerTrustee | 1.25 | $0 |
Terri Lippert Treasurer | OfficerTrustee | 2 | $0 |
Karen Apland Board Member | Trustee | 0.5 | $0 |
Sharon Beardsley Board Member | Trustee | 0.5 | $0 |
Sue Fowler Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,391 |
| Investment income | $31,311 |
| 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 | $159 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,589 |
| Statement of Expenses | |
|---|---|
| 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 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 | $961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,151 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $1,182 |
| Office expenses | $110 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $22,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,954 |
| Savings and temporary cash investments | $117,108 |
| 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 |
| Investments—publicly traded securities | $717,739 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $900,801 |
| 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 |
| Total liabilities and net assets/fund balances | $900,801 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Newport Public Library Foundation Inc has recieved totaling $143,000.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Education | $143,000 |
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 |