Maplewood Memorial Library Foundation - A New Jersey Non-Prof
- Assets
- $1.5m
- Revenue
- $465.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Maplewood, NJ
- Founding
- 05/2012
- Data as of
- 12/2021
- EIN
- 45-1733485
Organization Overview
Maplewood Memorial Library Foundation - A New Jersey Non-Prof, operating under the name Maplewood Memorial Library Fou, is located in Maplewood, NJ. The organization was established in 2012. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, 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. Maplewood Memorial Library Fou 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, Maplewood Memorial Library Fou generated $465.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.8% each year . All expenses for the organization totaled $70.8k during the year ending 12/2021. While expenses have increased by 39.9% 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 MISSION OF THE MAPLEWOOD MEMORIAL LIBRARY FOUNDATION IS TO PROVIDE SUPPORT FOR AND RAISE FUNDS FOR THE MAPLEWOOD MEMORIAL LIBRARY; ALSO, ITS MISSION IS TO PROMOTE LITERACY AND PROVIDE LIBRARY SERVICES FOR THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ONE OF THE CO-SPONSORS OF THE MAPLEWOOD MEMORIAL LIBRARY IDEAS FEST. THIS IS A SERIES OF PROGRAMS AND SPEAKERS THAT HIGHLIGHTS THE TALENT, CREATIVITY, AND SUCCESS OF PEOPLE WHO ARE OR WERE CONNECTED TO THE COMMUNITY OF MAPLEWOOD. THE EVENT CULMINATES WITH A RECEPTION HONORING A MAPLEWOODIAN, PAST OR PRESENT, WHO HAS ACHIEVED NOTEWORTHY LITERARY STATUS. THIS INDIVIDUAL IS AWARDED THE MAPLEWOOD LITERARY AWARD.DUE TO THE PANDEMIC, THE START OF THIS EVENT SERIES WAS DELAYED. EACH PART WAS DONE VIRTUALLY AND WAS WELL ATTENDED. THE CHALLENGE OF PRESENTING THESE PROGRAMS WAS WORTHWHILE BECAUSE THEY WERE ALL VERY WELL RECEIVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Cohen President | OfficerTrustee | 12 | $0 |
Ellen M Davenport Treasurer | OfficerTrustee | 24 | $0 |
Jenifer Steig Strugger Director | Trustee | 2 | $0 |
Ibi Zoboi Director | Trustee | 1 | $0 |
Eva Bacon Director | Trustee | 4 | $0 |
Akshatha Gopal Shetty Director | Trustee | 3 | $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 | $465,368 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $465,368 |
| Total Program Service Revenue | $0 |
| Investment income | $377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $465,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,995 |
| 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 | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,351 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200 |
| Office expenses | $171 |
| Information technology | $1,026 |
| 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 | $816 |
| All other expenses | $275 |
| Total functional expenses | $70,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $513,094 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $262,002 |
| 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 | $677,206 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,452,302 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,452,302 |
| 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 | $1,452,302 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Maplewood Memorial Library Foundation - A New Jersey Non-Prof has recieved totaling $92,011.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $72,500 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,511 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Enveritas Inc New York, NY | $2,653,436 | $10,002,673 |
Rodef Chesed Brooklyn, NY | $766,824 | $8,077,248 |
Tomchai Torah Beretz Yisrael Inc Monsey, NY | $767,829 | $7,981,285 |
Howard S And Deborah Jonas Foundation Inc Newark, NJ | $31,913,606 | $3,298,041 |
Virgin Unite Usa Inc New York, NY | $4,075,760 | $3,415,307 |
American Friends Of Kohelet Policy Forum Philadelphia, PA | $260,078 | $121,500 |
Englewood Hospital And Medical Center Foundation Inc Englewood, NJ | $99,587,008 | $18,309,140 |
Mosdos Hatorah Vhachesed Of Pnei Menachem Inc Brooklyn, NY | $56,343 | $6,197,826 |
The Nicholas J And Anna K Bouras Summit, NJ | $115,819,881 | $10,500,209 |