Greater Largo Library Foundation
- Assets
- $2.3m
- Revenue
- $481.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Largo, FL
- Founding
- 06/1989
- Data as of
- 09/2021
- EIN
- 59-2794507
Organization Overview
Greater Largo Library Foundation is located in Largo, FL. The organization was established in 1989. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 09/2021, Greater Largo Library Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Largo 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 09/2021, Greater Largo Library Foundation generated $481.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $130.4k during the year ending 09/2021. 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
TO SUPPORT THE LARGO PUBLIC LIBRARY THROUGH CULTIVATING FUNDING RESOURCES AND ADVOCATING FOR THE LIBRARY TO ENHANCE INNOVATIVE LIBRARY SERVICES FOR THE COMMUNITY'S EDUCATIONAL AND SOCIAL ENRICHMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVED ACCESS TO LIBRARY SERVICES. THE FOUNDATION PROVIDED THE FOLLOWING: BOOKMOBILE (CURRENTLY 39 OUTLETS, SERVED 638 PATRONS) AND HOME DELIVERY (DOOR TO DOOR SERVICE; CURRENTLY 45 OUTLETS, SERVED 196 PATRONS). NEW VEHICLE (FORD ESCAPE) ON ORDER TO BE USED BY HOME DELIVERY ENHANCED AREA FOR PATRONS TO READ, RELAX AND LEARN ABOUT PLANTS AND BUTTERFLIES (COMMUNITY BUTTERFLY GARDEN LOCATED IN THE COURTYARD OF THE LIBRARY). CONTINUES SERVICES FOR LIBRARY PATRONS INCLUDE; ENGLISH LANGUAGE LEANING, MOBILITY SCOOTERS, STORY PORCH LISTENING STATIONS, BOOK SHELVES IN CHILDREN'S, TEEN ROOM DISPLAYS SPONSORSHIPS OPPORTUNITIES TO ENROLL AND OBTAIN A HIGH SCHOOL DIPLOMA THROUGH THE CAREER ONLINE HIGH SCHOOL AT THE LARGO PUBLIC LIBRARY. ONE-TIME GRANTS AVAILABLE FOR LARGO LIBRARY GRADUATES OF THE CAREER ONLINE HIGH SCHOOL OPPORTUNITY FOR PATRONS TO PURCHASE COMMEMORATIVE, ENGRAVED BRICKS, AND ONE OF A KIND BRICKS FROM THE HISTORIC BELLEVIEW BILTMORE HOTEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliott Rakofsky Foundation Director | Officer | 30 | $49,428 |
Andrea Hartman President | OfficerTrustee | 2 | $0 |
Gail Sorensen Secretary | OfficerTrustee | 2 | $0 |
Pat Bell Vice President | OfficerTrustee | 2 | $0 |
Peter Summers Board Member | Trustee | 1 | $0 |
Angela Williams Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40 |
| Related organizations | $0 |
| Government grants | $24,937 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,948 |
| Total Program Service Revenue | $0 |
| Investment income | $293,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,969 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $481,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,647 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $47,944 |
| Compensation of current officers, directors, key employees. | $11,986 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,094 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25 |
| Office expenses | $0 |
| Information technology | $5,870 |
| 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 | $347 |
| Insurance | $2,363 |
| All other expenses | $3,814 |
| Total functional expenses | $130,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,002 |
| Savings and temporary cash investments | $9,429 |
| Pledges and grants receivable | $19,000 |
| 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 | $2,843 |
| Net Land, buildings, and equipment | $369 |
| Investments—publicly traded securities | $2,229,713 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,297,356 |
| Accounts payable and accrued expenses | $3,468 |
| 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 | $3,468 |
| Net assets without donor restrictions | $1,873,619 |
| Net assets with donor restrictions | $420,269 |
| 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 | $2,297,356 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Largo Library Foundation has recieved totaling $59.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
Endowment Analysis
| Beg. Balance | $66,978 |
| Ending Balance | $66,978 |
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 |