Pierce County Library Foundation
- Assets
- $689.9k
- Revenue
- $608.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 02/1976
- Data as of
- 12/2021
- EIN
- 51-0180293
Organization Overview
Pierce County Library Foundation is located in Tacoma, WA. 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. Pierce County 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, Pierce County Library Foundation generated $608.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $356.9k during the year ending 12/2021. 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
PROVIDES FUNDS IN SUPPORT OF SERVICES AND PROGRAMS OF THE PIERCE COUNTY LIBRARY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS FOR SUMMER READING SUPPORTED READERS OF ALL AGES, ENGAGING THEM DURING SUMMER TO PROVIDE LEARNING, ENJOYMENT AND COMMUNITY.
E-BOOKS AND E-AUDIO BOOKS WERE IN INCREASED DEMAND BY OUR COMMUNITY CAUSED BY THE COVID-19 PANDEMIC AND REDUCED PHYSICAL MATERIAL DISTRIBUTION. SENIORS NOW HAVE ACCESS TO MANY TITLES VIA E-BOOKS AND CAN SET THE FONT SIZE AS LARGE AS NECESSARY OR LISTEN TO AN EVER EXPANDING LIST OF E-AUDIO BOOKS. CUSTOMERS OF ALL AGES INCREASED THEIR DIGITAL ACCESSIBILITY.
BLOCK PLAY - RESEARCH HAS PROVEN THAT CHILDREN ARE BETTER PREPARED TO LEARN MATH, LITERACY, SCIENCE, AND SOCIAL EMOTIONAL DEVELOPMENT (JUST SOME OF THE VITAL BENEFITS FOR HEALTHY, GROWING CHILDREN) WHEN THEY BUILD WITH BLOCKS. THE FOUNDATION PURCHASES BLOCKS AND ACTIVITY BOOKS TO GIVE AWAY TO CHILDREN AND THEIR CAREGIVERS FOR THIS IMPORTANT PROGRAM.
THE PIERCE COUNTY LIBRARY FOUNDATION PROVIDED FUNDS TO SUPPORT VARIOUS LIBRARY PROGRAMS WITH EXPENSES FOR BOOKS, RESOURCES, TUITION ASSISTANCE, IMPROVEMENTS TO BRANCHES IN PARKLAND/SPANAWAY, GIG HARBOR, AND OTHER LIBRARY BRANCHES, AND THE ABILITY TO OFFER GIFTS AND ENTERTAINMENT PASSES AS PRIZES FOR LIBRARY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Mccarthy President | OfficerTrustee | 1 | $0 |
Thalia Soliman Treasurer | OfficerTrustee | 0.3 | $0 |
Travis Mahugh Secretary | OfficerTrustee | 0.3 | $0 |
Reji Kumar Vice President | OfficerTrustee | 0.3 | $0 |
Dean Carrell Foundation Director | Officer | 40 | $0 |
Shema Hanebutte Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,454 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $592,797 |
| Noncash contributions included in lines 1a–1f | $48,327 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,251 |
| Total Program Service Revenue | $0 |
| Investment income | $6,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,493 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $608,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $283,318 |
| 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 | $6,710 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,941 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,855 |
| 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 | $189 |
| Interest | $13 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $872 |
| All other expenses | $40 |
| Total functional expenses | $356,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,037 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170,861 |
| Total assets | $689,898 |
| Accounts payable and accrued expenses | $813 |
| 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 | $813 |
| Net assets without donor restrictions | $514,892 |
| Net assets with donor restrictions | $174,193 |
| 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 | $689,898 |
Grants Awarded
Over the last fiscal year, Pierce County Library Foundation has awarded $278,125 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Tacoma, WA PURPOSE: GRANTS ARE AWARDED TO THE PIERCE COUNTY LIBRARY SYSTEM IN SUPPORT OF THE PROGRAMS DESIGNATED BY THE DONORS ADDITIONAL GRANTS ARE DESIGNATED BY THE BOARD OF DIRECTORS TO SUPPORT LIBRARY PROGRAMS AND SERVICES. | $278,125 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Pierce County Library Foundation has recieved totaling $67,591.
| Awarding Organization | Amount |
|---|---|
Greater Tacoma Community Foundation Tacoma, WA PURPOSE: OPERATING SUPPORT, PROGRAM SUPPORT | $26,800 |
Gottfried & Mary Fuchs Foundation Phoenix, AZ PURPOSE: CHARITABLE | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,642 |
American Endowment Foundation Hudson, OH PURPOSE: COMMUNITY DEVELOPMENT | $5,500 |
International Paper Company Foundation Memphis, TN PURPOSE: NO DUE DATES: GIVEAWAY BOOKS FOR YOUTH | $5,000 |
Florence B Kilworth Charitable Trust 40-10-420-0161820 Phoenix, AZ PURPOSE: CHARITABLE | $5,000 |
Endowment Analysis
| Beg. Balance | $152,612 |
| Earnings | $25,403 |
| Admin Expense | $1,557 |
| Other Expense | -$5,597 |
| Ending Balance | $170,861 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U Of O Foundation Supporting Organization Eugene, OR | $394,248,848 | $33,595,955 |
Boise State University Foundation Inc Boise, ID | $181,429,408 | $23,699,772 |
University Of Idaho Foundation Inc Moscow, ID | $461,396,601 | $57,102,014 |
Portland State University Foundation Portland, OR | $160,720,485 | $33,116,092 |
University Of Alaska Foundation Anchorage, AK | $433,420,168 | $30,048,910 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Choice Regional Health Network Olympia, WA | $24,377,222 | $13,582,793 |
Housing Northwest Inc Portland, OR | $58,641,349 | $5,917,895 |
Seattle Public Library Foundation Seattle, WA | $96,431,810 | $10,213,683 |
Clark Community College District 14 Foundation Vancouver, WA | $121,917,031 | $11,491,033 |
Central Washington University Foundation Ellensburg, WA | $48,919,247 | $7,605,095 |
Green River College Foundation Auburn, WA | $36,981,286 | $4,351,003 |