Des Moines Public Library Foundation
- Assets
- $4.3m
- Revenue
- $910.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Des Moines, IA
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 42-1484890
Organization Overview
Des Moines Public Library Foundation is located in Des Moines, IA. The organization was established in 1999. 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. As of 12/2021, Des Moines Public Library Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Des Moines Public Library 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 12/2021, Des Moines Public Library Foundation generated $910.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $588.1k during the year ending 12/2021. While expenses have increased by 4.9% 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
THE FOUNDATION'S PURPOSE IS TO PROVIDE FINANCIAL SUPPORT TO THE DES MOINES PUBLIC LIBRARY BY FUNDRAISING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT TO THE DES MOINES PUBLIC LIBRARY SYSTEM. THE FOUNDATION RAISES FUNDS TO PROVIDE FOR LIBRARY COLLECTIONS, GROWTH OF TECHNOLOGY AND PROGRAMS SUCH AS AVID - AUTHORS VISITING IN DES MOINES - AUTHOR SERIES, THE SUMMER READING PROGRAM FOR CHILDREN, AND TEEN PROGRAMMING.
THE FOUNDATION'S MISSION IS TO HOLD EVENTS TO RAISE AWARENESS ABOUT THE SERVICES THE LIBRARY OFFERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dory Briles Executive Director | Officer | 40 | $108,952 |
Trevor Meers President | OfficerTrustee | 2 | $0 |
Christopher Nebons Treasurer | OfficerTrustee | 2 | $0 |
Paul Melde Co-Secretary | OfficerTrustee | 2 | $0 |
Belinda Alexander Vice President | OfficerTrustee | 2 | $0 |
Samuel Reed Co-Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $197,550 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $475,453 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $673,003 |
| Total Program Service Revenue | $0 |
| Investment income | $90,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $195,848 |
| Net Income from Fundraising Events | -$48,863 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $910,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $324,785 |
| 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. | $109,437 |
| Compensation of current officers, directors, key employees. | $27,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,747 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,200 |
| 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 | $16,150 |
| Advertising and promotion | $48 |
| Office expenses | $24,787 |
| Information technology | $21,873 |
| Royalties | $0 |
| Occupancy | $17,870 |
| Travel | $130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $732 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,476 |
| Insurance | $3,507 |
| All other expenses | $75 |
| Total functional expenses | $588,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,153 |
| Savings and temporary cash investments | $351,185 |
| 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 | $877 |
| Net Land, buildings, and equipment | $6,703 |
| Investments—publicly traded securities | $3,732,988 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,811 |
| Total assets | $4,315,717 |
| Accounts payable and accrued expenses | $27,538 |
| 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 | $27,538 |
| Net assets without donor restrictions | $1,292,276 |
| Net assets with donor restrictions | $2,995,903 |
| 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 | $4,315,717 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Des Moines Public Library Foundation has recieved totaling $12,700.
| Awarding Organization | Amount |
|---|---|
Mary K And Daniel M Kelly Foundation Des Moines, IA PURPOSE: GENERAL OPERATIONS | $12,000 |
Brenton Foundation Des Moines, IA PURPOSE: CHARITABLE | $500 |
Evelyn I Benson Tr Des Moines, IA PURPOSE: PUBLIC LIBRARY | $200 |
Endowment Analysis
| Beg. Balance | $3,000,532 |
| Earnings | $395,213 |
| Admin Expense | $10,148 |
| Net Contributions | $4,467 |
| Other Expense | $76,806 |
| Ending Balance | $3,313,258 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mammel Family Foundation Omaha, NE | $116,455,414 | $27,168,281 |
Sojourner Foundation Inc Milwaukee, WI | $5,493,853 | $4,205,530 |
Bloomington-Normal Ymca Charitable Foundation Nfp Bloomington, IL | $12,002,532 | $7,012,515 |
Propel Nonprofits Minneapolis, MN | $49,559,623 | $14,478,230 |
Moose Foundation Inc Mooseheart, IL | $261,014,797 | $19,670,612 |
Jewish Federation Of Omaha Foundation Omaha, NE | $124,451,193 | $16,233,916 |
West Bend Community Foundation Inc Milwaukee, WI | $79,149,428 | $10,575,689 |
Glasser And Rosenthal Family Foundation Chicago, IL | $0 | $604,291 |
Real Estate Charitable Foundation Kansas City, MO | $43,935,265 | $4,204,580 |
Barbara Mettler Personal Tr Champaign, IL | $0 | $38,620 |
Friends Of Penfield Childrens Center Inc Milwaukee, WI | $8,290,252 | $2,579,522 |
Annette And Paul Smith Charitable Fund Omaha, NE | $1,572,080 | $32,841 |