Friends Of The Columbus Metropolitan Library
- Assets
- $1.3m
- Revenue
- $428.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Columbus, OH
- Founding
- 01/1977
- Data as of
- 12/2022
- EIN
- 31-0896371
Organization Overview
Friends Of The Columbus Metropolitan Library is located in Columbus, OH. The organization was established in 1977. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2022, Friends Of The Columbus Metropolitan Library employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Columbus Metropolitan Library is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Friends Of The Columbus Metropolitan Library generated $428.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $144.1k during the year ending 12/2022. 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
BUILDING AWARENESS AND RESOURCES TO CHAMPION THE VISION OF COLUMBUS METROPOLITAN LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR A VARIETY OF THE COLUMBUS METROPOLITAN LIBRARY'S EDUCATIONAL AND COMMUNITY OUTREACH PROGRAMS, SUCH AS THE SUMMER READING CHALLENGE, TEEN READ WEEK, AND HOMEWORK HELP CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Beckman Board Member | Trustee | 1 | $0 |
Sarah Milks Bethel Treasurer | OfficerTrustee | 2 | $0 |
Lauren Bonfield Board Member | Trustee | 1 | $0 |
Jesse Cantrell Board Member | Trustee | 1 | $0 |
Elizabeth Carroll Board Member | Trustee | 1 | $0 |
Majorie Duffy Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,284 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $923,301 |
| Noncash contributions included in lines 1a–1f | $923,301 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $950,585 |
| Total Program Service Revenue | $0 |
| Investment income | $12,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,084 |
| Net Gain/Loss on Asset Sales | $28,181 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$592,212 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $428,049 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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 | $47,293 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,501 |
| Advertising and promotion | $3,326 |
| Office expenses | $8,838 |
| Information technology | $1,145 |
| 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 | $2,766 |
| All other expenses | $0 |
| Total functional expenses | $144,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,905 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,070 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $373,222 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $651,360 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,333,557 |
| Accounts payable and accrued expenses | $14,403 |
| 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 | $1,500 |
| Total liabilities | $15,903 |
| Net assets without donor restrictions | $1,317,654 |
| Net assets with donor restrictions | $0 |
| 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 | $1,333,557 |
Grants Awarded
Over the last fiscal year, Friends Of The Columbus Metropolitan Library has awarded $174,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBUS METROPOLITAN LIBRARY PURPOSE: The funds are to support the programmatic and community outreach efforts of the library's 21 locations. Each library location submitted funding requests which were approved by Friends of the Library to support activities such as teen advisory board meetings, author visits, storytime, summer reading club programs and activities, teen read week, teen tech week, duckling day, homework help center celebrations, and much more. The approved funding requests were provided as grants to the Library and utilized throughout the year to expand and enhance the Library's offerings. | $74,500 |
THE COLUMBUS METROPOLITAN LIBRARY FOUNDATION PURPOSE: These funds were requested by the Columbus Metropolitan Library and the Columbus Metropolitan Library Foundation for the "Great Libraries Create Campaign," which raised $21.5M to support a $130M building project. The Friends of the Library approved this request to be paid as a grant to the foundation, a 501(c)3 with the sole purpose of providing financial support to CML. The gift helped fund the building of 9 new branches across central Ohio and the renovation of Main Library. | $100,000 |