Johann Fust Library Foundation Inc
- Assets
- $7.3m
- Revenue
- $834.5k
- Investments
- $4.8m
- Employees
- 0
- Location
- Boca Grande, FL
- Founding
- 01/1950
- Data as of
- 06/2022
- EIN
- 59-0861994
Organization Overview
Johann Fust Library Foundation Inc is located in Boca Grande, FL. The organization was established in 1950. 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. Johann Fust 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 06/2022, Johann Fust Library Foundation Inc generated $834.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $539.0k during the year ending 06/2022. While expenses have increased by 5.9% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT AND MAINTENANCE OF THE PUBLIC LIBRARY FOR GASPARILLA ISLAND AND THE BOCA GRANDE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Marquis Executive Director | 34 | $105,625 | |
Jacque Hoyt President | 5 | $0 | |
Cappy Powell Vice President | 2 | $0 | |
Dod Fraser Treasurer | 2 | $0 | |
Stephanie Firman Secretary | 2 | $0 | |
John H Carley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $391,836 |
| Interest on Savings | $0 |
| Dividends & Interest | $111,533 |
| Net Rental Income | $73,143 |
| Net Gain on Sale of Assets | $170,995 |
| Capital Gain Net Income | $170,995 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $70,185 |
| Total Revenue | $834,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,625 |
| Other employee salaries and wages | $47,769 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,990 |
| Depreciation | $72,061 |
| Occupancy | $23,656 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $10,821 |
| Other expenses | $258,335 |
| Total operating and administrative expenses | $539,013 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $539,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $485,411 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $98,000 |
| 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 | $26,105 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,897,669 |
| Other assets | $0 |
| Total assets | $7,279,808 |
| Accounts payable and accrued expenses | $4,193 |
| 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 | $1,500 |
| Total liabilities | $5,693 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Johann Fust Library Foundation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: ARTS & CULTURE | $6,500 |
Organization Name not Listed PURPOSE: GENERAL SUPPORT | | $5,000 |
Hall Family Foundation Boca Grande, FL PURPOSE: TO PRESERVE EDUCATION | $5,000 |
Sharp Foundation Wilmington, DE PURPOSE: ASSIST WITH FINANCIAL HELP IN THEIR NON-PROFIT NEEDS | $2,500 |
Miller S And Adelaide S Gaffney Foundation Elmira, NY PURPOSE: GENERAL | $2,000 |
Cruz Family Foundation Inc New York, NY PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lyrasis Atlanta, GA | $57,303,144 | $78,536,382 |
Robert W Woodruff Library Of The Atlanta University Center Inc Atlanta, GA | $36,750,621 | $14,706,719 |
Winter Park Library Assn Winter Park, FL | $8,735,050 | $3,165,785 |
Hall County Library System Gainesville, GA | $3,250,117 | $3,142,745 |
Delray Beach Public Library Assn Inc Delray Beach, FL | $12,995,036 | $2,634,464 |
North Shelby Library District A Public Corporation Birmingham, AL | $2,809,920 | $1,559,190 |
Dothan Houston County Library System Dothan, AL | $5,383,085 | $1,651,262 |
Seflin Southeast Florida Library Information Network Inc Boca Raton, FL | $1,306,991 | $1,680,816 |
National Charitable Fund Inc Orlando, FL | $7,860,656 | $1,179,422 |
Neflin Inc Orange Park, FL | $703,549 | $1,301,315 |
Beulah Grove Community Resource Center Inc Augusta, GA | $179,863 | $767,574 |
Johann Fust Library Foundation Inc Boca Grande, FL | $7,279,808 | $834,549 |