Racine Public Library Foundation Inc
- Assets
- $435.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Racine, WI
- Founding
- 08/2005
- Data as of
- 12/2022
- EIN
- 20-2892559
Organization Overview
Racine Public Library Foundation Inc is located in Racine, WI. The organization was established in 2005. 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. Racine 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 12/2022, Racine Public Library Foundation Inc generated $60.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $91.3k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NON-TAX BASED SUPPORT FOR THE RACINE PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3
BATTLE OF THE BOOKS - PURCHAES OF LIBRARY BOOKS FOR GRADE SCHOOL CHILDREN TO ENABLE THEM TO COMPETE WITH OTHER SCHOOL CHILDREN ON THEIR GRASP OF THE STORIES READ.
TECHNOLOGY PURCHASES- 3D PRINTERS, LASER ENGRAVERS,VIRTUAL/MIXED REALITY HEADSETS, BOFA AD FUME EXTRACTOR,THREE STEM LAB UNITS,AND OTHER TECH EQUIPMENT TO FURNISH THE LIBRARY'S NEW MAKER'S SPACE LAB AREA
WIFI JETPACKS-DATA CHARGES FOR MOBILE WIFI HOTSPOTS TO CHECK OUT TO PATRONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Osborne Director | 1 | $0 | |
Evelin Garcia Director | 1 | $0 | |
Chris Hefel Director | 1 | $0 | |
Angela Zimmerman Director | 1 | $0 | |
Mollie Gamble Diretor | 1 | $0 | |
Melissa Kaprelian President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,282 |
| Total Program Service Revenue | $4,745 |
| Membership dues | $0 |
| Investment income | $10,397 |
| Gain or Loss | -$25,696 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,728 |
| 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 | $22,745 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,114 |
| Other expenses | $67,471 |
| Total expenses | $91,330 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $408,057 |
| Other assets | $0 |
| Total assets | $435,262 |
| Total liabilities | $0 |
| Net assets or fund balances | $435,262 |