Friends Of The Multnomah County Library
- Assets
- $850.2k
- Revenue
- $196.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Portland, OR
- Founding
- 09/2017
- Data as of
- 06/2021
- EIN
- 93-6097526
Organization Overview
Friends Of The Multnomah County Library is located in Portland, OR. The organization was established in 2017. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Friends Of The Multnomah County Library employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Multnomah County Library 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, Friends Of The Multnomah County Library generated $196.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $133.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 6 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY SUPPORT- THE FRIENDS FUNDS ONGOING LIBRARY PROGRAMS SUCH AS PAGETURNERS BOOK GROUPS AND NATIONAL LIBRARY WORKERS DAY, AND THE PURCHASE AND DISTRIBUTION OF LARGE PRINT BOOKS BY LIBRARY OUTREACH SERVICES. THE PAGETURNERS PROGRAM IS A YEAR-ROUND PROGRAM OF ADULT BOOK DISCUSSION GROUPS HELD AT ALL MULTNOMAH COUNTY LIBRARIES. THE 19 NEIGHBORHOOD LIBRARIES HOST AT LEAST ONE BOOK GROUP PER MONTH AND ARE OPEN TO ALL. DUE TO THE COVID-19 PANDEMIC, THIS PROGRAM WAS TEMPORARILY SUSPENDED IN MARCH 2020 UNTIL SUCH TIME AS PUBLIC HEALTH OFFICIALS DETERMINE IT IS SAFE TO RESUME PROGRAM ACTIVITIES. DURING THIS FISCAL YEAR, FOL SUPPORTED THE LIBRARY THROUGH ADVOCATING FOR FUNDING ITS CAPITAL PROJECT.
BOOK SALES- THROUGHOUT THE YEAR, THE FRIENDS ACCEPT DONATIONS OF USED BOOKS, CD'S, VIDEOS, BOOKS ON CD'S, SHEET MUSIC, AND DVD'S WHICH ARE SOLD AT SPRING AND FALL BOOKS SALES, PLUS A SMALLER HOLIDAY SALE AT YEAR-END. DUE TO THE COVID-19 PANDEMIC, THIS PROGRAM WAS TEMPORARILY SUSPENDED IN MARCH 2020 UNTIL SUCH TIME AS PUBLIC HEALTH OFFICIALS DETERMINE IT IS SAFE TO RESUME PROGRAM ACTIVITIES. ALTHOUGH THE IN-PERSON BOOK SALES DID NOT OCCUR, FOL WAS ABLE TO FACILITATE ONLINE SALES.
FRIENDS LIBRARY STORE- THE STORE, LOCATED IN THE CENTRAL LIBRARY, IS A GREAT FIND FOR BOOK LOVERS WHO ALSO LIKE TO SHOP. WITH AN ABUNDANCE OF CAREFULLY SELECTED LITERARY GIFTS AND QUALITY USED BOOKS, THE STORE FEATURE AN OUTSTANDING COLLECTION OF AFFORDABLE BOOKS, OREGON-THEMED SOUVENIRS AND UNUSUAL GIFTS. THE LITERATURE SECTION CONTAINS POPULAR FICTION, CLASSICS AND CHILDREN'S BOOKS. THERE ARE MANY TRADE PAPERBACKS AND HARDBOUND VOLUMES AS WELL AS FOLIO SOCIETY AND LEATHER-BOUND EDITIONS OF CLASSICS. THE NON-FICTION SECTIONS OF THE STORE ALSO INCLUDE BOOKS ON GARDENING, COOKING, ART, HISTORY, BIOGRAPHY, TRAVEL AND CURRENT EVENTS. DUE TO THE COVID-19 PANDEMIC, THIS PROGRAM WAS TEMPORARILY SUSPENDED IN MARCH 2020 UNTIL SUCH TIME AS PUBLIC HEALTH OFFICIALS DETERMINE IT IS SAFE TO RESUME PROGRAM ACTIVITIES. ONLINE ACTIVITY GENERATED A SMALL AMOUNT OF REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Starr Executive Director | Officer | 15 | $26,500 |
Jordan Cole Treasurer | OfficerTrustee | 1.5 | $0 |
Whitney Jacobson Vice President | OfficerTrustee | 1 | $0 |
Matt Berning President | OfficerTrustee | 2 | $0 |
Meryl Cole Secretary | OfficerTrustee | 1.25 | $0 |
Patricia Carlin Assistant Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,613 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,897 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,510 |
| Total Program Service Revenue | $28,444 |
| Investment income | $26,161 |
| 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 | $1,240 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,355 |
| 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. | $22,252 |
| Compensation of current officers, directors, key employees. | $11,126 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,131 |
| Pension plan accruals and contributions | $1,141 |
| Other employee benefits | $551 |
| Payroll taxes | $6,591 |
| Fees for services: Management | $1,300 |
| Fees for services: Legal | $2,523 |
| Fees for services: Accounting | $6,480 |
| Fees for services: Lobbying | $5,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,579 |
| Information technology | $5,253 |
| Royalties | $0 |
| Occupancy | $5,957 |
| 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 | $4,344 |
| Insurance | $2,600 |
| All other expenses | $0 |
| Total functional expenses | $133,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,207 |
| Savings and temporary cash investments | $12,972 |
| 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 | $24,369 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,799 |
| Investments—publicly traded securities | $546,848 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $850,195 |
| Accounts payable and accrued expenses | $27,898 |
| 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 | $27,898 |
| Net assets without donor restrictions | $537,447 |
| Net assets with donor restrictions | $284,850 |
| 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 | $850,195 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of The Multnomah County Library has recieved totaling $398,578.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $398,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Endowment Analysis
| Beg. Balance | $438,580 |
| Earnings | $108,268 |
| Ending Balance | $546,848 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |
Ilead California Charters 1 Acton, CA | $20,389,401 | $46,593,851 |