Library Foundation Of Hillsboro
- Assets
- $566.1k
- Revenue
- $51.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hillsboro, OR
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 94-3107840
Organization Overview
Library Foundation Of Hillsboro is located in Hillsboro, OR. The organization was established in 1994. 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 Hillsboro 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 12/2022, Library Foundation Of Hillsboro generated $51.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $50.7k during the year ending 12/2022. While expenses have increased by 9.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LIBRARY FOUNDATION OF HILLSBORO DEVELOPS, ADMINISTERS AND ALLOCATES PRIVATE FUNDS TO PROVIDE THE EXTRA MARGIN AND EXCELLENCE FOR THE CITY OF HILLSBORO'S LIBRARY SYSTEM. THE FOUNDATION PROMOTES SUPPORT FOR THE LIBRARY AND ITS PROGRAMS THROUGH ADVOCACY AND PUBLIC AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO THE CITY OF HILLSBORO PUBLIC LIBRARY AND WASHINGTON COUNTY, OREGON FOR THE PURCHASE OF BOOKS AND OTHER MATERIALS AND FOR PROVIDING SPECIAL PROGRAMMING FOR ALL AGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Clarke President | Officer | 10 | $0 |
David Edwards Vice Preside | Officer | 1.85 | $0 |
Orson Hoeksema Treasurer | Officer | 1.85 | $0 |
Edith Lippert Secretary | Officer | 2.31 | $0 |
Kathy Hanna Director | Trustee | 1.92 | $0 |
Gabriel Gallardo-Jones Director | Trustee | 0.92 | $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 | $39,928 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,928 |
| Total Program Service Revenue | $0 |
| Investment income | $9,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,904 |
| Net Income from Fundraising Events | $4,798 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,658 |
| 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 | $3,139 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,706 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $0 |
| Office expenses | $2,123 |
| 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 | $1,860 |
| All other expenses | $206 |
| Total functional expenses | $50,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,876 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,190 |
| 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 | $521,993 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $566,059 |
| Accounts payable and accrued expenses | $47 |
| 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 | $47 |
| Net assets without donor restrictions | $132,453 |
| Net assets with donor restrictions | $433,559 |
| 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 | $566,059 |