Friends Of The Milwaukee Public Library Inc
- Assets
- $289.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/1975
- Data as of
- 12/2023
- EIN
- 23-7417573
Organization Overview
Friends Of The Milwaukee Public Library Inc is located in Milwaukee, WI. The organization was established in 1975. 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. Friends Of The Milwaukee Public Library 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 12/2023, Friends Of The Milwaukee Public Library Inc generated $63.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $60.0k during the year ending 12/2023. While expenses have increased by 8.8% 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
2023
Describe the Organization's Program Activity:
Part 3
SUPPORT OF MILWAUKEE PUBLIC LIBRARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jess Ripp President | 2 | $0 | |
Alejandro Zamora Jr Vice President | 2 | $0 | |
Adam Updike Treasurer | 5 | $0 | |
Louisa Seifert Secretary | 2 | $0 | |
Aaron Strouse Director | 1 | $0 | |
Barbara Franczyk Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,522 |
| Gain or Loss | -$695 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $63,520 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $32,719 |
| Professional fees and other payments to independent contractors | $714 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $199 |
| Other expenses | $1,330 |
| Total expenses | $59,962 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $289,719 |
| Other assets | $0 |
| Total assets | $289,719 |
| Total liabilities | $6,335 |
| Net assets or fund balances | $283,384 |
Grants Awarded
Over the last fiscal year, Friends Of The Milwaukee Public Library Inc has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MILWAUKEE PUBLIC LIBRARY FOUNDATION PURPOSE: IN SUPPORT OF MILWAUKEE PUBLIC LIBRARY | $13,500 |
WOODLAND PATTERN PURPOSE: MILWAUKEE YOUTH POET LAUREATE PROGRAM | $11,500 |