Champaign Public Library Foundation
- Assets
- $4.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Champaign, IL
- Founding
- 06/1995
- Data as of
- 06/2022
- EIN
- 37-1313456
Organization Overview
Champaign Public Library Foundation is located in Champaign, IL. The organization was established in 1995. 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. Champaign 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 06/2022, Champaign Public Library Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $368.9k during the year ending 06/2022. While expenses have increased by 6.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE LITERACY AND THE EDUCTAITON BENEFITS OF THE CHAMPAIGN PUBLIC LIBRARY TO THE RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE CHAMPAIGN PUBLIC LIBRARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Argentieri Secretary | OfficerTrustee | 0.5 | $0 |
Alan Nudo Vice Preseid | OfficerTrustee | 0.5 | $0 |
Thomas Ulen President | OfficerTrustee | 1 | $0 |
David T Whitford Treasurer | OfficerTrustee | 0.5 | $0 |
Lynnette Dodds Board Member | Trustee | 0.5 | $0 |
Doug Fields 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 | $1,959,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,959,962 |
| Total Program Service Revenue | $0 |
| Investment income | $52,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,012,168 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $316,482 |
| 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 | $10,890 |
| Fees for services: Other | $7,583 |
| Advertising and promotion | $2,025 |
| Office expenses | $6,818 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $368,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,345,338 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $997,880 |
| 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 | $1,748,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,092,022 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,169,838 |
| Net assets with donor restrictions | $1,922,184 |
| 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 | $4,092,022 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Champaign Public Library Foundation has recieved totaling $145,838.
| Awarding Organization | Amount |
|---|---|
Meyer Charitable Foundation Champaign, IL PURPOSE: ENDOWMENT FUND | $100,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $27,000 |
United Way Of Champaign County Illinois Inc Savoy, IL PURPOSE: UNDESIGNATED AND PROGRAM RESTRICTED FUNDS TO FURTHER ORGANIZATION'S EXEMPT PURPOSE | $10,975 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,948 |
William W Capel And Ernest J Martin Iii Family Foundation Champaign, IL PURPOSE: LIBRARY COLLECTIONS | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $315 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tenant Resource Center Inc Madison, WI | $4,020,377 | $17,889,286 |
Newberry Library Chicago, IL | $102,026,436 | $14,465,930 |
Lake County Public Library Merrillville, IN | $39,933,908 | $12,781,082 |
Mobius Columbia, MO | $4,062,831 | $7,262,645 |
Community Resource Center Inc Centralia, IL | $6,773,469 | $4,197,743 |
Society Of Ameican Archivists Chicago, IL | $2,453,867 | $2,207,330 |
Building And Construction Resource Center Inc Portage, IN | $5,030,482 | $2,435,257 |
Private Academic Library Network Of Indiana Inc Indianapolis, IN | $7,049,589 | $1,821,764 |
Louisville Free Public Library Foundation Inc Louisville, KY | $20,601,784 | $2,234,605 |
Hoover Presidential Foundation West Branch, IA | $16,155,016 | $4,574,597 |
Hopkinsville Christian County Public Library Hopkinsville, KY | $2,002,090 | $1,316,676 |
Simpson County Library District Franklin, KY | $8,465,490 | $1,064,264 |