Friends Of The Royal Oak Public Library
- Assets
- $49.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Royal Oak, MI
- Founding
- 10/2007
- Data as of
- 08/2023
- EIN
- 38-2177970
Organization Overview
Friends Of The Royal Oak Public Library is located in Royal Oak, MI. The organization was established in 2007. 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. Friends Of The Royal Oak Public 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 08/2023, Friends Of The Royal Oak Public Library generated $26.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $18.5k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitzi Hoffman President | 5 | $0 | |
Lawrence Baker Treasurer | 5 | $0 | |
Debra Ballard Member At La | 5 | $0 | |
Mary Beer Member At La | 5 | $0 | |
Emily Swierenga Member At La | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,446 |
| Total Program Service Revenue | $0 |
| Membership dues | $190 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $13,125 |
| Other Revenue | $0 |
| Total Revenue | $26,042 |
| 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 | $1,858 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,682 |
| Total expenses | $18,540 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,470 |
| Other assets | $0 |
| Total assets | $49,470 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,470 |