Friends Of The Davenport Public Library
- Assets
- $2.8m
- Revenue
- $615.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Davenport, IA
- Founding
- 12/1983
- Data as of
- 03/2024
- EIN
- 42-1204594
Organization Overview
Friends Of The Davenport Public Library is located in Davenport, IA. The organization was established in 1983. 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 Davenport 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 03/2024, Friends Of The Davenport Public Library generated $615.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $751.1k during the year ending 03/2024. While expenses have increased by 22.1% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDING FOR THE DAVENPORT PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CELEBRATE THE PRINTED WORD - THE QUARTERLY PAYMENTS MADE TO THE DAVENPORT PUBLIC LIBRARY CONTRIBUTE TO NEW MATERIALS WHICH ARE PURCHASED FOR THE LIBRARY. EACH ITEM IS INSCRIBED WITH A SPECIAL BOOKPLATE WHICH DENOTES THAT IT WAS PURCHASED BY THE FRIENDS OF THE LIBRARY. THE DONATION CONTRIBUTED TO 405,136 ITEMS THAT WERE CHECKED OUT BY OUR CUSTOMERS LAST YEAR.
YOUTH SPACES PROJECT - THE PAYMENTS TO THE DAVENPORT PUBLIC LIBRARY FOR THE YOUTH SPACES PROJECT ARE USED TO DESIGN LEARNING SPACES TO IGNITE CHILD IMAGINATION AND ALLOW KIDS TO ENGAGE IN DIFFERENT ACTIVITIES THAT SUPPORT THE FUNDAMENTALS OF EMERGENT AND EARLY LITERACY. THIS ALSO INCLUDES ADDITIONAL PROVIDED RESOURCES TO SUPPORT THE LITERARY AND EDUCATIONAL PURPOSES OF THE DAVENPORT PUBLIC LIBRARY.
SPECIAL COLLECTIONS - THE PAYMENTS TO THE DAVENPORT PUBLIC LIBRARY FOR THE RICHARDSON-SLOANE SPECIAL COLLECTIONS CENTER PAY FOR HALF OF THE FULL TIME PRINCIPAL CLERK'S POSITION. WITHOUT THIS PAYMENT, THE POSITION WOULD BE ONLY HALF-TIME. THE PERSON IN THIS POSITION WORKS WITH THE PUBLIC TO ASSIST WITH FINDING GENEOLOGY AND LOCAL HISTORY INFORMATION PLUS ASSISTING WITH DIGITALIZING IMAGES FOR OUR SPECIAL COLLECTIONS WEBSITE.
SUMMER READING PROGRAM - THE PAYMENT TO THE DAVENPORT PUBLIC LIBRARY FOR THE SUMMER READING PROGRAM ALLOWS THE LIBRARY TO OFFER 323 DIFFERENT PROGRAMS WITH 4,565 ATTENDEES OF THE PROGRAMS. THOSE WHO REGISTERED FOR THE READING PROGRAM WERE 1,954. THIS WAS FOR CHILDREN, TEEN AND ADULTS DURING JUNE AND JULY. THE FOCUS OF THE SUMMER READING PROGRAM IS TO PROMOTE READING AMONG ALL AGES, ESPECIALLY THOSE WHO ARE SCHOOL AGE SO THAT THEY PRACTICE THE READING SKILLS THEY HAVE LEARNED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilary Tanner Vice President | OfficerTrustee | 1 | $0 |
Kimberley Vellenga Assistant Treasurer | OfficerTrustee | 1 | $0 |
Heidi Lubben President | OfficerTrustee | 1 | $0 |
Jerry Skalak Past President | OfficerTrustee | 1 | $0 |
Keenen Wilson Director | Trustee | 1 | $0 |
Paul Tomkins Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,975 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $490,843 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $492,818 |
| Total Program Service Revenue | $0 |
| Investment income | $83,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,491 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $28,115 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $615,868 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $648,861 |
| 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 | $1,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,506 |
| Fees for services: Other | $60,686 |
| Advertising and promotion | $0 |
| Office expenses | $117 |
| 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 | $3,276 |
| All other expenses | $153 |
| Total functional expenses | $751,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $157,266 |
| Pledges and grants receivable | $94,000 |
| 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 | $2,590,621 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,841,887 |
| Accounts payable and accrued expenses | $1,947 |
| 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 | $1,947 |
| Net assets without donor restrictions | $1,179,477 |
| Net assets with donor restrictions | $1,660,463 |
| 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 | $2,841,887 |