Albuquerque Public Library A Foundation By Richard A Freedman
- Assets
- $11.0m
- Revenue
- $600.3k
- Investments
- $10.7m
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 45-6252449
Organization Overview
Albuquerque Public Library A Foundation By Richard A Freedman is located in Albuquerque, NM. The organization was established in 2011. 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. Albuquerque Public Library A Foundation By Richard A Freedman is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALBUQUERQUE PUBLIC LIBRARY IS 100% BENEFICIARY OF THE THE FOUNDATIN. SEMI-ANNUAL DISTRIBUTION OF NET INCOME FOR BOOKS AND LIBRARY MATERIALS. IF REQUESTED A MAXIMUM OF 500,000 PRINCIPAL DISTRIBUTION ANNUALLY FOR THE ESTABLISHMENT OF SEPARATE READING ROOMS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $49,982 |
| Dividends & Interest | $188,743 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $361,527 |
| Capital Gain Net Income | $3,493 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $600,252 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,877 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $76,215 |
| Contributions, gifts, grants paid | $270,000 |
| Total expenses and disbursements | $346,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $273,839 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $8,118 |
| Other assets | $0 |
| Total assets | $11,014,316 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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