Schlow Library Foundation Inc

Organization Overview

Schlow Library Foundation Inc is located in State College, PA. The organization was established in 1973. 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. Schlow 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 12/2021, Schlow Library Foundation Inc generated $336.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $245.3k during the year ending 12/2021. While expenses have increased by 23.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE CRUCIAL ADVOCACY, FINANCIAL, AND VOLUNTEER SUPPORT FOR SCHLOW LIBRARY ACTIVITIES. THE FOUNDATION WORKS TO ENSURE THAT SCHLOW LIBRARY SERVICES WILL CONTINUE WITHOUT INTERRUPTION THROUGH FUNDRAISING PROJECTS AND OUTREACH PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE CRUCIAL ADVOCACY, FINANCIAL, AND VOLUNTEER SUPPORT FOR SCHLOW LIBRARY ACTIVITIES. THE FOUNDATION WORKS TO ENSURE THAT SCHLOW LIBRARY SERVICES WILL CONTINUE WITHOUT INTERRUPTION THROUGH FUNDRAISING PROJECTS AND OUTREACH PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Janet Kretchmar
Secretary
$0
Alfred Jones Jr
President
$0
Thomas Schrack
Vice President
$0
Virginia Mcadoo
Assistant Treasurer
$0
Sue Werner
Trustees Liason
$0
Marilyn Byers
Treasurer
$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$268,591
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$268,591
Total Program Service Revenue$0
Investment income $68,076
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 $0
Miscellaneous Revenue$0
Total Revenue $336,667

Grants Awarded

Over the last fiscal year, Schlow Library Foundation Inc has awarded $177,000 in support to 2 organizations.

Grant RecipientAmount

SCHLOW CENTRE REGION LIBRARY

Org PageRecipient Profile

State College, PA

PURPOSE: To provide financial support for library activities

$152,000

CENTRE COMMUNITY FOUNDATION INC

Org PageRecipient Profile

State College, PA

PURPOSE: To establish spendable Schlow Library Foundation Sub-Fund

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Schlow Library Foundation Inc has recieved totaling $76,550.

Awarding OrganizationAmount
Centre County Community Foundation Inc

State College, PA

PURPOSE: GENERAL SUPPORT

$75,500
The@blake And Linda Gall Family Foundation

Boalsburg, PA

PURPOSE: ENRICHMENT PROGRAMS

$1,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$50
View Grant Recipient Profile

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