Wauwatosa Public Library Foundation Inc
- Assets
- $1.4m
- Revenue
- $200.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Wauwatosa, WI
- Founding
- 04/1985
- Data as of
- 12/2021
- EIN
- 39-1510001
Organization Overview
Wauwatosa Public Library Foundation Inc is located in Wauwatosa, WI. The organization was established in 1985. 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. Wauwatosa 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, Wauwatosa Public Library Foundation Inc generated $200.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $97.2k during the year ending 12/2021. While expenses have increased by 0.5% 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
SUPPORT OF THE WAUWATOSA PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDRENS PROGRAMMING AND BOOKS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Anich Treasurer | OfficerTrustee | 1 | $0 |
Mike Hodan President | OfficerTrustee | 1 | $0 |
Jody Lowe Vice-President | OfficerTrustee | 1 | $0 |
Emily Boehme Director | Trustee | 1 | $0 |
Cass Bergemann Director | Trustee | 1 | $0 |
Kelly Commons Director | Trustee | 1 | $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 | $46,938 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,938 |
| Total Program Service Revenue | $0 |
| Investment income | $51,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $96,039 |
| Net Income from Fundraising Events | $5,691 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,722 |
| 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 | $125 |
| Fees for services: Accounting | $1,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $105 |
| All other expenses | $0 |
| Total functional expenses | $97,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,403 |
| Savings and temporary cash investments | $261,179 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,056,742 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,390,324 |
| 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 | $1,390,324 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,390,324 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Wauwatosa Public Library Foundation Inc has recieved totaling $1,735.
| Awarding Organization | Amount |
|---|---|
Community Foundation Inc Brookfield, WI PURPOSE: ORGANIZATION'S TAX EXEMPT PURPOSE | $1,000 |
George L N Meyer Family Foundation Inc Milwaukee, WI PURPOSE: PUBLIC LIBRARY | $500 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $170 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $65 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Resource Center Inc Centralia, IL | $6,773,469 | $4,197,743 |
Arrowhead Library System Mountain Iron, MN | $7,916,564 | $3,392,560 |
Society Of Ameican Archivists Chicago, IL | $2,453,867 | $2,207,330 |
Little Free Library Ltd St Paul, MN | $2,366,645 | $3,222,101 |
The Charlemagne Institute Bloomington, MN | $4,134,253 | $802,178 |
Traverse Des Sioux Library System Mankato, MN | $2,660,505 | $1,793,930 |
Cass District Library Cassopolis, MI | $2,228,368 | $1,419,366 |
Hoover Presidential Foundation West Branch, IA | $16,155,016 | $4,574,597 |
Mary T And James J Hill Library Foundation St Paul, MN | $19,858,073 | $1,320,140 |
Valley Library Consortium Inc Lansing, MI | $733,145 | $386,936 |
H-Net Humanities & Social Sciences Online East Lansing, MI | $467,558 | $708,187 |
Everylibrary Institute Nfp Berwyn, IL | $55,144 | $482,903 |