Lexington Public Library
- Assets
- $50.8m
- Revenue
- $18.8m
- Investments
- $0.0
- Employees
- 206
- Location
- Lexington, KY
- Founding
- 01/1975
- Data as of
- 06/2022
- EIN
- 61-6000352
Organization Overview
Lexington Public Library is located in Lexington, KY. The organization was established in 1975. As of 06/2022, Lexington Public Library employed 206 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Public Library 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, Lexington Public Library generated $18.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $15.0m during the year ending 06/2022. 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 CONNECT PEOPLE, INSPIRE IDEAS, AND TRANSFORM LIVES IN LEXINGTON-FAYETTE COUNTY. THE LIBRARY MEETS ITS STRATEGIC GOALS OF EDUCATION, INCLUSION, ACCESS, SPACE, CULTURE AND STEWARDSHIP BY OFFERING HIGH QUALITY PROGRAMS, BY PROVIDING WELCOMING FACILITIES, AND BY CURRATING A POPULAR COLLECTION OF MATERIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY PROVIDES TO THE RESIDENTS OF LEXINGTON-FAYETTE COUNTY LIFELONG LEARNING SUPPORT FOR ALL AGES INCLUDING STORYTIMES FOR BABIES AND TODDLERS, SUMMER READING PROGRAMS FOR CHILDREN AND ADULTS, ACCESS TO A CULTIVATED COLLECTION OF POPULAR AND EDUCATIONAL MATERIAL IN A VARIETY OF FORMATS, JOB SEARCH HELP FOR ADULTS, AND BOOK BUDDIES SERVICE FOR NURSING HOME AND HOMEBOUND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Dieffenbach Director | Officer | 40 | $126,652 |
Karen E King Finance Officer | Officer | 40 | $96,216 |
Ralph Coldiron Trustee | Trustee | 5 | $0 |
Rania Belmadani Trustee | Trustee | 5 | $0 |
Stephanie Nalia Trustee | Trustee | 5 | $0 |
Lawrence T Smith Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Overdrive Ebook Services Provider | 6/29/22 | $1,034,528 |
Eop Architects Architect Services New Branch | 6/29/22 | $837,786 |
Volunteer Restoration Garage Repair & Maintenance | 6/29/22 | $330,119 |
Servicemaster Building Service Custodial Services | 6/29/22 | $118,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $123,046 |
| Government grants | $18,110,653 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,273,699 |
| Total Program Service Revenue | $395,543 |
| Investment income | $77,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,575 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,812,303 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $298,471 |
| Compensation of current officers, directors, key employees. | $101,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,475,179 |
| Pension plan accruals and contributions | $939,431 |
| Other employee benefits | $931,490 |
| Payroll taxes | $416,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,134 |
| Fees for services: Accounting | $57,881 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,747 |
| Advertising and promotion | $99,751 |
| Office expenses | $308,592 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $588,127 |
| Travel | $28,832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $246,056 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,608,287 |
| Insurance | $143,462 |
| All other expenses | $33,172 |
| Total functional expenses | $14,989,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,963,560 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,675 |
| 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 | $39,967 |
| Net Land, buildings, and equipment | $28,216,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $487,053 |
| Other assets | $4,096,498 |
| Total assets | $50,823,723 |
| Accounts payable and accrued expenses | $931,324 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $447,500 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,913,688 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,333,631 |
| Total liabilities | $28,626,143 |
| Net assets without donor restrictions | -$151,985 |
| Net assets with donor restrictions | $22,349,565 |
| 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 | $50,823,723 |