Bismarck Library Foundation Inc
- Assets
- $1.9m
- Revenue
- $381.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 02/1976
- Data as of
- 12/2020
- EIN
- 51-0178024
Organization Overview
Bismarck Library Foundation Inc is located in Bismarck, ND. The organization was established in 1976. 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. Bismarck Library Foundation Inc 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 12/2020, Bismarck Library Foundation Inc generated $381.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $367.0k during the year ending 12/2020. While expenses have increased by 24.4% per year over the past 6 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.
Since 2017, Bismarck Library Foundation Inc has awarded 13 individual grants totaling $636,416. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE BISMARCK LIBRARY FOUNDATION ENRICHES PUBLICLY FUNDED LIBRARY SERVICES BY RAISING PRIVATE FUNDS TO ENHANCE COLLECTIONS, RESOURES, AND FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES ARE FOR THE SUPPORT OF LIBRARY PROGRAMS. THE FOUNDATION HELPS RAISE MONEY FOR THE ON-GOING PROGRAMS OF THE LIBRARY AND REMODELING PROJECTS. SUPPORTED PROGRAMS INCLUDE THE SUMMER READING PROGRAM, PURCHASE OF BOOKS, AND GENERAL SUPPORT ($30,983 OF DIRECT FINANCIAL SUPPORT). IN 2020, $15,850 WAS GIVEN IN SUPPORT OF THE TEEN CENTER REMODELING PROJECT AND $255,725 WAS GIVEN FOR THE PURCHASE OF A NEW BOOKMOBILE VEHICLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikki Ferderer Vice President | OfficerTrustee | 1 | $0 |
Kristi Paris Secretary | OfficerTrustee | 2 | $0 |
William Pearce Treasurer | OfficerTrustee | 5 | $0 |
Michelle Hintz President | OfficerTrustee | 2 | $0 |
Bob Bartosh Director | Trustee | 1 | $0 |
Jesse Sailer Director | Trustee | 1 | $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 | $342,303 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $342,303 |
| Total Program Service Revenue | $0 |
| Investment income | $52,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,128 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $381,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $302,558 |
| 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 | $31,202 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,210 |
| Fees for services: Other | $60 |
| Advertising and promotion | $1,400 |
| Office expenses | $10,607 |
| Information technology | $2,236 |
| 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 | $897 |
| All other expenses | $0 |
| Total functional expenses | $367,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $144,203 |
| Pledges and grants receivable | $51,442 |
| 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 | $1,676,684 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,872,329 |
| Accounts payable and accrued expenses | $4,833 |
| 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 | $4,833 |
| Net assets without donor restrictions | $1,674,403 |
| Net assets with donor restrictions | $193,093 |
| 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 | $1,872,329 |
Grants Awarded
Over the last fiscal year, Bismarck Library Foundation Inc has awarded $302,558 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BISMARCK PUBLIC LIBRARY PURPOSE: SUPPORT PURCHASE OF BOOKMOBILE | $255,725 |
BISMARCK PUBLIC LIBRARY PURPOSE: BOOKS & SUPPLIES/READING PROGRAM | $30,983 |
BISMARCK PUBLIC LIBRARY PURPOSE: TEEN CENTER EXPANSION | $15,850 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bismarck Library Foundation Inc has recieved totaling $13,118.
| Awarding Organization | Amount |
|---|---|
North Dakota Community Foundation Bismarck, ND PURPOSE: PROGRAM SUPPORT/BOOKMOBILE | $10,118 |
Tom & Frances Leach Foundation Inc Bismarck, ND PURPOSE: CHILDREN AND TEEN SUMMER READING PROGRAMS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Und Aerospace Foundation Grand Forks, ND | $87,259,673 | $35,764,126 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Und Alumni Association And Foundation Grand Forks, ND | $413,170,247 | $55,226,015 |
University Of Montana Foundation Missoula, MT | $300,141,439 | $43,572,466 |
North Dakota State University Foundation Fargo, ND | $450,450,295 | $29,663,255 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
Montana State University Foundation Bozeman, MT | $271,741,291 | $31,692,855 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
Foundation Of Montana State University-Billings Billings, MT | $43,347,395 | $13,750,019 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |