Riverside Public Library Foundation
- Assets
- $983.3k
- Revenue
- $672.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Riverside, CA
- Founding
- 10/1999
- Data as of
- 12/2021
- EIN
- 33-0780130
Organization Overview
Riverside Public Library Foundation is located in Riverside, CA. The organization was established in 1999. 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 12/2021, Riverside Public Library Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Public 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, Riverside Public Library Foundation generated $672.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $145.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS FOR THE BENEFIT OF THE CITY OF RIVERSIDE PUBLIC LIBRARY FOR BOTH SHORT-TERM OPERATIONS AND LONG-TERM PURPOSES AND TO ENSURE THE CONTINUED EXCELLENCE OF PUBLIC LIBRARY SERVICES FOR RIVERSIDE, CALIFORNIA RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO THE CITY OF RIVERSIDE PUBLIC LIBRARY FOR: E-MATERIALS TO BE AVAILABLE TO LIBRARY MEMBERS, (ELECTRONIC AND DIGITAL),AND CHILDRENS SERVICES AT ALL RIVERSIDE PUBLIC LIBRARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Toscano President | OfficerTrustee | 2 | $0 |
Irene Conable Secretary | OfficerTrustee | 1 | $0 |
Julie Hartwigsen CFO | OfficerTrustee | 2 | $0 |
Georgia Renne Member | Trustee | 1 | $0 |
Marsha Loveridge Member | Trustee | 1 | $0 |
Barbara Purvis Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,632 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $615,967 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $619,599 |
| Total Program Service Revenue | $0 |
| Investment income | $12,942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,410 |
| Net Income from Fundraising Events | $15,332 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $672,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,500 |
| 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 | $4,481 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $529 |
| Payroll taxes | $620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,382 |
| Fees for services: Other | $2,500 |
| Advertising and promotion | $3,426 |
| Office expenses | $0 |
| Information technology | $228 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $513 |
| 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 | $1,543 |
| All other expenses | $75 |
| Total functional expenses | $145,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,969 |
| Savings and temporary cash investments | $1,038 |
| Pledges and grants receivable | $401,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $343,065 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,240 |
| Total assets | $983,312 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $120,500 |
| 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 | $0 |
| Total liabilities | $120,500 |
| Net assets without donor restrictions | $344,547 |
| Net assets with donor restrictions | $518,265 |
| 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 | $983,312 |
Grants Awarded
Over the last fiscal year, Riverside Public Library Foundation has awarded $122,836 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RIVERSIDE PUBLIC LIBRARY PURPOSE: MAKERSPACES-COMPUTERS, EQUIPMENT | $85,051 |
RIVERSIDE PUBLIC LIBRARY PURPOSE: MONITORS, DISPLAY RACKS, EQUIP CRPT | $30,000 |
RIVERSIDE PUBLIC LIBRARY PURPOSE: CHILDRENS LEARNING CENTER-ARLINGTN | $7,785 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Riverside Public Library Foundation has recieved totaling $74,941.
| Awarding Organization | Amount |
|---|---|
E Rhodes And Leona B Carpenter Foundation Radnor, PA PURPOSE: HELP WITH LICENSING COSTS FOR DIGITAL MATERIALS FOR 8 BRANCHES | $65,000 |
Inland Empire Community Foundation Riverside, CA PURPOSE: Annual Distribution | $8,844 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $97 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Of Hawaii Foundation Honolulu, HI | $548,406,506 | $76,733,850 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |