Driftwood Library Foundation Of Lincoln City
- Assets
- $464.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln City, OR
- Founding
- 09/1995
- Data as of
- 06/2024
- EIN
- 93-1166145
Organization Overview
Driftwood Library Foundation Of Lincoln City is located in Lincoln City, OR. The organization was established in 1995. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. Driftwood Library Foundation Of Lincoln City 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 06/2024, Driftwood Library Foundation Of Lincoln City generated $2.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $1.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (34.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
LIBRARY SOFTWARE LICENSES TO SUPPORT REMOTE ACCESS TO LIBRARY CATALOGS, ADDITIONAL ELECTRONIC BOOK LICENSES, AND LIBRARY FIXTURES TO SUPPORT SAFE COVID HANDLING OF LIBRARY MATERIALS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Portwood President | 0 | $0 | |
John Collier Treasurer | 1 | $0 | |
Mark Irmscher Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,522 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,028 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,550 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $331 |
| Other expenses | $1,332 |
| Total expenses | $1,663 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $464,582 |
| Other assets | $0 |
| Total assets | $464,582 |
| Total liabilities | $0 |
| Net assets or fund balances | $464,582 |