Ames Public Library Friends Foundation
- Assets
- $2.8m
- Revenue
- $339.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Ames, IA
- Founding
- 08/1996
- Data as of
- 06/2022
- EIN
- 42-1450291
Organization Overview
Ames Public Library Friends Foundation is located in Ames, IA. The organization was established in 1996. 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. Ames Public Library Friends Foundation 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 06/2022, Ames Public Library Friends Foundation generated $339.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $206.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT FOR AMES PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RAISES FUNDS FOR VARIOUS LIBRARY PROJECTS, PROGRAMS AND MATERIALS FOR THE AMES PUBLIC LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cassie Luze President | OfficerTrustee | 4 | $0 |
Nick Hoffman Secretary/treas | OfficerTrustee | 4 | $0 |
Jill Roof Vice President | OfficerTrustee | 4 | $0 |
Todd Klindt Director | Trustee | 2 | $0 |
Mark Boeck Director | Trustee | 2 | $0 |
Jim Mcelroy Director | Trustee | 2 | $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 | $194,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,285 |
| Total Program Service Revenue | $0 |
| Investment income | $86,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $233 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $59,072 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $339,949 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,648 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,742 |
| Advertising and promotion | $0 |
| Office expenses | $19,045 |
| 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 | $2,141 |
| All other expenses | $0 |
| Total functional expenses | $206,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,975 |
| Savings and temporary cash investments | $237,170 |
| 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 | $2,439,172 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,822,317 |
| Accounts payable and accrued expenses | $198 |
| 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 | $198 |
| Net assets without donor restrictions | $2,305,559 |
| Net assets with donor restrictions | $516,560 |
| 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 | $2,822,317 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Ames Public Library Friends Foundation has recieved totaling $27,920.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $6,541 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $6,541 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $6,541 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $6,541 |
Thistlewood Foundation Angel Fire, NM PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $256 |
Endowment Analysis
| Beg. Balance | $2,698,164 |
| Earnings | -$260,414 |
| Admin Expense | $20,310 |
| Net Contributions | $48,447 |
| Other Expense | $89,714 |
| Ending Balance | $2,376,173 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tenant Resource Center Inc Madison, WI | $4,020,377 | $17,889,286 |
Newberry Library Chicago, IL | $102,026,436 | $14,465,930 |
Mobius Columbia, MO | $4,062,831 | $7,262,645 |
Community Resource Center Inc Centralia, IL | $6,773,469 | $4,197,743 |
Arrowhead Library System Mountain Iron, MN | $7,916,564 | $3,392,560 |
Community Information Trust Omaha, NE | $18,420,748 | $2,358,228 |
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 |
Hoover Presidential Foundation West Branch, IA | $16,155,016 | $4,574,597 |
Masonic Temple Education Center Ballwin, MO | $310,997 | $1,687 |