Friends Of The Grace A Dow Memorial Library Inc
- Assets
- $255.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, MI
- Founding
- 03/2002
- Data as of
- 06/2024
- EIN
- 38-3546659
Organization Overview
Friends Of The Grace A Dow Memorial Library Inc is located in Midland, MI. The organization was established in 2002. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Grace A Dow Memorial Library 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 06/2024, Friends Of The Grace A Dow Memorial Library Inc generated $78.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $66.4k during the year ending 06/2024. While expenses have increased by 3.5% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Lafollette President | 3 | $0 | |
Mike Dizer Vice Preside | 4 | $0 | |
Sandra Lehmann Treasurer | 6 | $0 | |
Suzie Thomas Secretary | 6 | $0 | |
Ron Parmele Director | 2 | $0 | |
Christina Devine Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,896 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8,052 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $54,043 |
| Other Revenue | $1,612 |
| Total Revenue | $78,603 |
| 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 | $3,338 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $551 |
| Total expenses | $66,385 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $255,619 |
| Other assets | $0 |
| Total assets | $255,619 |
| Total liabilities | $41,333 |
| Net assets or fund balances | $214,286 |