City Of Richmond Public Library Foundation
- Assets
- $2.2m
- Revenue
- $385.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 10/1997
- Data as of
- 06/2024
- EIN
- 54-1856348
Organization Overview
City Of Richmond Public Library Foundation is located in Richmond, VA. The organization was established in 1997. 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. City Of Richmond Public 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 06/2024, City Of Richmond Public Library Foundation generated $385.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $176.0k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE CITY OF RICHMOND PUBLIC LIBRARY FOUNDATION DEVELOPS, ADMINISTERS, AND ALLOCATES FUNDS TO PROVIDE THE EXTRA MARGIN OF EXCELLENCE FOR THE CITY'S LIBRARY SYSTEM BY ENHANCING EXISTING PUBLIC SUPPORT FOR THE LIBRARY AND ITS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF RICHMOND PUBLIC LIBRARY WITH FUNDING FOR PROGRAMS, RESOURCES, AND EFFORTS THAT ENABLE RICHMOND PUBLIC LIBRARY TO RESPOND TO THE NEEDS OF THE RESIDENTS OF THE CITY OF RICHMOND AND THE SURROUNDING ENVIRONS. THE WORK OF THE FOUNDATION IS GUIDED BY THE RICHMOND PUBLIC LIBRARY STRATEGIC PLAN, WHICH IS DEVELOPED BY THE LIBRARY DIRECTOR WITH THE LIBRARY BOARD OF TRUSTEES. FOUNDATION SUPPORT IS DIRECTED TO THE FIVE STRATEGIC GOALS BELOW, WHICH DEMONSTRATE OUR DEDICATION TO PROVIDING CRITICAL RESOURCES TO A VIBRANT AND ENGAGED RICHMOND COMMUNITY. GOAL 1: ACCESSIBLE LIBRARIES: INCREASE ACCESS TO LIBRARY LOCATIONS AND ENSURE AVAILABILITY OF INFORMATION AND RESOURCES TO RESIDENTS. GOAL 2: CHILDREN'S LITERACY: PROVIDE SERVICES AND PROGRAMS THAT BUILD AND CULTIVATE LITERACY AND A LOVE OF READING. GOAL 3: LIFELONG LEARNING: EXPAND OUR ROLE AS THE ONLY EDUCATIONAL INSTITUTION THAT SERVES THE ENTIRE COMMUNITY FROM BIRTH TO 100+. GOAL 4: ORGANIZATIONAL STRENGTH: ENSURE THE LIBRARY IS POSITIONED TO ANTICIPATE AND RESPOND TO THE CHANGING SERVICE NEEDS OF THE COMMUNITY. GOAL 5: UNIQUELY RICHMOND: CIVICALLY ENGAGE AND CONNECT RESIDENTS TO INFORMATION AND RESOURCES TO SOLVE PROBLEMS AND DISCOVER RICHMOND'S PAST, PRESENT AND FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John E Ulmschneider President | OfficerTrustee | 1 | $0 |
J Dontrese Brown Vice Preside | OfficerTrustee | 1 | $0 |
Rich Peterson Treasurer | OfficerTrustee | 1 | $0 |
Scott Firestine Secretary | OfficerTrustee | 1 | $0 |
Susan Revere Executive Di | Officer | 40 | $0 |
Emily Altman 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 | $322,636 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $322,636 |
| Total Program Service Revenue | $0 |
| Investment income | $60,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,416 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $385,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $151,930 |
| 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 | $11,850 |
| 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 | $11,559 |
| 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 | $705 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $176,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,816 |
| 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 | $1,412,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,220,788 |
| Accounts payable and accrued expenses | $52,239 |
| Grants payable | $0 |
| Deferred revenue | $854,903 |
| 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 | $907,142 |
| Net assets without donor restrictions | $653,093 |
| Net assets with donor restrictions | $660,553 |
| 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 | $2,220,788 |