Carmel Clay Public Library Foundation Inc
- Assets
- $1.8m
- Revenue
- $625.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Carmel, IN
- Founding
- 07/1990
- Data as of
- 12/2021
- EIN
- 35-1787253
Organization Overview
Carmel Clay Public Library Foundation Inc is located in Carmel, IN. The organization was established in 1990. 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, Carmel Clay Public Library Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carmel Clay Public 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, Carmel Clay Public Library Foundation Inc generated $625.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $268.5k during the year ending 12/2021. While expenses have increased by 3.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO SUSTAIN THE LONG TERM EXCELLENCE OF CARMEL CLAY PUBLIC LIBRARY. WHILE TAX DOLLARS SUPPORT BASIC LIBRARY EXPENSES SUCH AS STAFF SALARIES AND BUILDING UPKEEP, A NEED EXISTS TO DEVELOP AND MAINTAIN QUALITY PROGRAMS AND SERVICES FOR PEOPLE IN OUR COMMUNITY. THE LIBRARY FOUNDATION'S SUPPORT DELIVERS, IN PART OR IN WHOLE, MANY OF THESE IMPORTANT PROGRAMS THAT PATRONS HAVE GROWN TO KNOW AND APPRECIATE THROUGH THE GENERATIONS. WITH THE HELP OF THE LIBRARY FOUNDATION'S GENEROUS DONORS, THESE ACTIVITIES ARE AVAILABLE FREE OF CHARGE TO RESIDENTS OF CARMEL CLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO CARMEL CLAY PUBLIC LIBRARY PROGRAMS
SUPPORT FOR LIBRARY EVENTS AND VOLUNTEERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Hamilton Foundation Director | Officer | 40 | $86,090 |
Melisa Keiser Vice President | Officer | 5 | $0 |
Cheryl Cooper President | Officer | 5 | $0 |
David Temple Secretary | Officer | 2 | $0 |
Stacy Murphy Treasurer | Officer | 2 | $0 |
Lalaine Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,321 |
| Fundraising events | $2,700 |
| Related organizations | $0 |
| Government grants | $22,260 |
| All other contributions, gifts, grants, and similar amounts not included above | $239,071 |
| Noncash contributions included in lines 1a–1f | $22,778 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,352 |
| Total Program Service Revenue | $0 |
| Investment income | $906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $216,995 |
| Net Income from Fundraising Events | $141,453 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $625,706 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,000 |
| 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. | $86,090 |
| Compensation of current officers, directors, key employees. | $86,090 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,107 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,430 |
| Payroll taxes | $9,093 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,896 |
| Fees for services: Other | $8,659 |
| Advertising and promotion | $0 |
| Office expenses | $588 |
| Information technology | $0 |
| 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 | $1,725 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $252 |
| Insurance | $0 |
| All other expenses | $8,726 |
| Total functional expenses | $268,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,579 |
| Savings and temporary cash investments | $402,970 |
| Pledges and grants receivable | $0 |
| 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 | $126 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $979,461 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,841,136 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,075 |
| Total liabilities | $6,075 |
| Net assets without donor restrictions | $844,447 |
| Net assets with donor restrictions | $990,614 |
| 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 | $1,841,136 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Carmel Clay Public Library Foundation Inc has recieved totaling $9,126.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $8,225 |
Allstate Foundation Northbrook, IL PURPOSE: AGENT - INDIVIDUAL HH GRANT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $251 |
Open Society Institute New York, NY PURPOSE: MATCHING GIFT PROGRAM | $150 |
Endowment Analysis
| Beg. Balance | $771,311 |
| Earnings | $216,995 |
| Admin Expense | $6,896 |
| Other Expense | $1,949 |
| Ending Balance | $979,461 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |