Friends Of The Library
- Assets
- $94.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sterling Heights, MI
- Founding
- 03/1993
- Data as of
- 12/2023
- EIN
- 38-2127628
Organization Overview
Friends Of The Library is located in Sterling Heights, MI. The organization was established in 1993. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Friends Of The Library 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 12/2023, Friends Of The Library generated $54.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $35.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FRIENDS OF THE STERLING HEIGHTS PUBLIC LIBRARY, ORGANIZED IN 1976, IS A VOLUNTEER NONPROFIT GROUP DEDICATED TO ENHANCING AND IMPROVING LIBRARY SERVICES FOR OUR COMMUNITY. FRIENDS CONTRIBUTIONS, FUNDRAISING ACTIVITIES, AND VOLUNTEER EFFORTS HELP:MAINTAIN AND IMPROVE COLLECTIONSPROVIDE NEW TECHNOLOGIES AND CAPITAL IMPROVEMENTSSUPPORT ADULT AND YOUTH PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kayla Mcdonell Director | 2 | $0 | |
Tammy Turgeon Director | 2 | $0 | |
Jo Berthet Director | 2 | $0 | |
June Hughes Director | 2 | $0 | |
Natasha Rogers Director | 2 | $0 | |
Kathy Mohnach President/program Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,271 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,800 |
| Investment income | $839 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54,910 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $750 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $34,305 |
| Total expenses | $35,055 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $81,829 |
| Other assets | $0 |
| Total assets | $94,702 |
| Total liabilities | $0 |
| Net assets or fund balances | $94,702 |