Shenandoah County Library Foundation
- Assets
- $2.4m
- Revenue
- $265.9k
- Investments
- $2.3m
- Employees
- 0
- Location
- Edinburg, VA
- Founding
- 03/1998
- Data as of
- 06/2022
- EIN
- 54-1851150
Organization Overview
Shenandoah County Library Foundation is located in Edinburg, VA. The organization was established in 1998. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. Shenandoah 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 06/2022, Shenandoah County Library Foundation generated $265.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $39.3k during the year ending 06/2022. While expenses have increased by 7.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT FOR THE SHENANDOAH COUNTY LIBRARY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT TO MAIN AND MEMBER LIBRARIES AS PART OF THE SHENANDOAH COUNTY LIBRARY SYSTEM. SUPPORTED ONGOING BOOK, LIBRARY SERVICE AND EQUIPMENT COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Ellen Russell President | OfficerTrustee | 1 | $0 |
Linda Wooten Secretary | OfficerTrustee | 1 | $0 |
Diane Kull Treasurer | OfficerTrustee | 1 | $0 |
Laurie Winklemann Vice-President | OfficerTrustee | 1 | $0 |
Joan Anderson Director | Trustee | 1 | $0 |
Jenna French 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 | $47,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,529 |
| Total Program Service Revenue | $0 |
| Investment income | $83,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $134,603 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,000 |
| 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 | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $274 |
| All other expenses | $0 |
| Total functional expenses | $39,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,578 |
| Savings and temporary cash investments | $130,374 |
| 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 | $2,299,319 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,437,271 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,437,271 |
| Total liabilities and net assets/fund balances | $2,437,271 |
Grants Awarded
Over the last fiscal year, Shenandoah County Library Foundation has awarded $32,604 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SHENANDOAH COUNTY LIBRARY PURPOSE: SONNY BOWMAN GARDEN | $19,354 |
SHENANDOAH COUNTY LIBRARY PURPOSE: COMMUNITY LIBRARY NEEDS | $9,000 |
Woodstock, VA PURPOSE: DONATION TO DOLLY PARTON IMAGINATION LIBRARY | $4,250 |
Endowment Analysis
| Beg. Balance | $1,061,674 |
| Earnings | -$251,822 |
| Other Expense | $12,000 |
| Ending Balance | $797,852 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington County Free Library Hagerstown, MD | $16,301,833 | $8,756,633 |
Washington Research Library Consortium Upper Marlboro, MD | $19,082,145 | $5,815,985 |
Loyola-Notre Dame Library Inc Baltimore, MD | $17,276,844 | $4,820,071 |
Cabell County Public Library Huntington, WV | $12,674,770 | $6,152,653 |
Wicomico County Free Library Inc Salisbury, MD | $3,745,578 | $3,405,166 |
Friends Committee On National Legislation Washington, DC | $7,160,459 | $3,361,145 |
Southern Maryland Regional Library Association Inc Charlotte Hall, MD | $4,649,230 | $3,547,495 |
Fontana Regional Library Bryson City, NC | $3,949,070 | $3,576,120 |
Blackwater Regional Library Courtland, VA | $2,907,987 | $2,595,036 |
Cli Prison Alliance Inc Raleigh, NC | $1,246,885 | $2,394,225 |
National Sporting Library Incorporated Middleburg, VA | $24,531,630 | $3,372,979 |
Tenn-Share Alcoa, TN | $1,129,556 | $1,846,388 |