Albany Public Library Foundation
- Assets
- $1.1m
- Revenue
- $18.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Albany, OR
- Founding
- 04/1997
- Data as of
- 06/2023
- EIN
- 93-1085864
Organization Overview
Albany Public Library Foundation is located in Albany, OR. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany 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 06/2023, Albany Public Library Foundation generated $18.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $72.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Albany Public Library Foundation has awarded 14 individual grants totaling $299,633. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR ADVANCING AND PROMOTING THE INTERESTS AND DEVELOPMENT OF THE ALBANY PUBLIC LIBRARIES AND RELATED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Krochta Treasurer | 0 | $0 | |
Dick Olsen Member | 0 | $0 | |
Bernadette Niederer Member | 0 | $0 | |
James Hogan Member | 0 | $0 | |
Becky Koontz Secretary | 0 | $0 | |
John Byrne Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $450 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,609 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,388 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $244 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,727 |
| Total operating and administrative expenses | $11,693 |
| Contributions, gifts, grants paid | $60,500 |
| Total expenses and disbursements | $72,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,845 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $914 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,102,771 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,110,530 |
| Accounts payable and accrued expenses | $161 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $161 |
Grants Awarded
Over the last fiscal year, Albany Public Library Foundation has awarded $58,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF ALBANY PURPOSE: LIBRARY SERVICES | $8,000 |
FRIENDS OF THE ALBANY PUBLIC LIBRAR PURPOSE: LIBRARY SERVICES | $50,000 |