Lower Merion Library Foundation
- Assets
- $96.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ardmore, PA
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 23-2813619
Organization Overview
Lower Merion Library Foundation is located in Ardmore, PA. The organization was established in 1997. 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. Lower Merion 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 12/2021, Lower Merion Library Foundation generated $113.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $128.8k during the year ending 12/2021. While expenses have increased by 6.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LOWER MERION LIBRARY FOUNDATION IS TO SUPPORT THE SYSTEM-WIDE SERVICES OFFERED BY THE LOWER MERION LIBRARY SYSTEM BY ENCOURAGING GIFTS IN ACCORDANCE WITH THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS AMENDED.
Describe the Organization's Program Activity:
Part 3
LOWER MERION LIBRARY FOUNDATION ACTIVITIES WERE DEVOTED TO RESERACH AND GRANT PROPOSALS TO FUND COLLECTION DEVELOPMENT ACTIVITIES IN THE LOWER MERION LIBRARY SYSTEM. LOWER MERION LIBRARY FOUNDATION ALSO CONCENTRATED ON RAISING PUBLIC FUNDING FOR THE LOWER MERION LIBRARY SYSTEM'S CAPITAL CAMPAIGN. THIS CAMPAIGN WILL HELP TO RAISE THE FUNDS NEEDED FOR LIBRARY RENOVATIONS WITHIN THE LOWER MERION LIBRARY SYSTEM AND WILL MAKE CONRIBUTIONS TO THE TOWNSHIP OF LOWER MERION TO MEET THIS CAUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Levin Board President | 1 | $0 | |
Betty-Ann Izenman Vice-President | 0.5 | $0 | |
J Barton Riley CPA Treasurer | 0.5 | $0 | |
Patricia Green Secretary | 0.5 | $0 | |
Charles J Bloom ESQ Board Member | 0.5 | $0 | |
David Sonenshein ESQ Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,443 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $540 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,500 |
| Other Revenue | $2,329 |
| Total Revenue | $113,812 |
| 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 | $1,531 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,719 |
| Other expenses | $27,311 |
| Total expenses | $128,837 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $96,271 |
| Other assets | $0 |
| Total assets | $96,271 |
| Total liabilities | $0 |
| Net assets or fund balances | $96,271 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lower Merion Library Foundation has recieved totaling $119.
| Awarding Organization | Amount |
|---|---|
Datck Foundation Bryn Mawr, PA PURPOSE: EDUCATION | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Maryland College Park Foundation Inc College Park, MD | $869,831,500 | $109,216,276 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Forrestal Agricultural Corporation Princeton, NJ | $368,119,233 | $43,096,782 |
University Of Maryland Foundation Inc Adelphi, MD | $2,110,990,979 | $62,167,598 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Maryland Baltimore Foundation Inc Baltimore, MD | $437,980,331 | $59,974,746 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |