Missoula Public Library Foundation Inc
- Assets
- $1.0m
- Revenue
- $374.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Missoula, MT
- Founding
- 08/1996
- Data as of
- 12/2021
- EIN
- 36-3804904
Organization Overview
Missoula Public Library Foundation Inc is located in Missoula, MT. The organization was established in 1996. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. Missoula 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, Missoula Public Library Foundation Inc generated $374.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $788.8k during the year ending 12/2021. While expenses have increased by 27.5% 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
THE MISSION OF THE MISSOULA PUBLIC LIBRARY FOUNDATION IS TO ADVOCATE FOR THE MISSOULA PUBLIC LIBRARY AND RAISE FUNDS FOR LIBRARY INITIATIVES THAT ENHANCE OUR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR DIRECT BENEFIT OF MISSOULA PUBLIC LIBRARY IN SUCH AREAS AS PROFESSIONAL DEVELOPMENT, CHILDRENS LITERACY MATERIALS, TECHNOLOGY NEEDS, AND FURNITURE AND FIXTURES FOR THE LIBRARY.PROMOTE THE LIBRARY AND SERVICES THROUGH THE COMMUNICATIONS VEHICLES, THE BIG READ PROGRAM, FESTIVAL OF THE BOOK, SUMMER LEARNING PROGRAM, AND ANNUAL FOUNDATION EVENTS.PROVIDE LIBRARY SERVICES AND RESOURCES FOR CHILDREN AND YOUTH PER THE LORRAINE JAY PERMANENT ENDOWMENT FUND.PRESERVE AND PROMOTE MISSOULA PUBLIC LIBRARY DOWNTOWN FLAGSHIPS ARCHITECTURAL INTEGRITY, ROLE AS A REGIONAL DESTINATION, AND LEADERSHIP IN INNOVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoff Badenoch President | OfficerTrustee | 1 | $0 |
Lauren Woods Treasurer | OfficerTrustee | 1 | $0 |
Robin Turner Vice President | OfficerTrustee | 1 | $0 |
Ce Abramson Board Member | Trustee | 0.5 | $0 |
Brandon Prinzing Board Member | Trustee | 0.5 | $0 |
Kelly Sax Board Member | Trustee | 0.5 | $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 | $346,864 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,864 |
| Total Program Service Revenue | $0 |
| Investment income | $9,290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $374,779 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $768,576 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,683 |
| Fees for services: Other | $0 |
| Advertising and promotion | $432 |
| Office expenses | $1,965 |
| 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 | $64 |
| Interest | $7,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $788,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,992 |
| Savings and temporary cash investments | $109,724 |
| 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 | $20,251 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $753,798 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,035,765 |
| 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 | $363,576 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $363,576 |
| Net assets without donor restrictions | $0 |
| 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 | $672,189 |
| Total liabilities and net assets/fund balances | $1,035,765 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Missoula Public Library Foundation Inc has recieved totaling $5,530.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Endowment Analysis
| Beg. Balance | $592,015 |
| Earnings | $47,302 |
| Admin Expense | $6,359 |
| Other Expense | $5,000 |
| Ending Balance | $627,958 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missoula Public Library Foundation Inc Missoula, MT | $1,035,765 | $374,779 |
Teton County Library Foundation Inc Jackson, WY | $9,237,372 | $966,896 |
Friends Of The Philipsburg Library Philipsburg, MT | $41,702 | $422,915 |
Clearwater Memorial Public Library Orofino, ID | $684,794 | $257,673 |
Meridian Library District Foundation Inc Meridian, ID | $184,757 | $0 |
Action Resource Center Stanley, ND | $94,885 | $266,773 |
Imagineif Library Foundation Kalispell, MT | $1,654,917 | $345,596 |
Mccall Public Library Foundation Inc Mccall, ID | $1,214,982 | $669,583 |
Fallon County Library Inc Baker, MT | $0 | $215,838 |
North Lake County Library Foundation Inc Polson, MT | $1,558,940 | $788,740 |
Salmon Library Association Salmon, ID | $2,680,119 | $65,370 |
Health Connect Of South Dakota Inc Sioux Falls, SD | $43,760 | $0 |