The Library Foundation Of Martin County Inc

Organization Overview

The Library Foundation Of Martin County Inc is located in Stuart, FL. The organization was established in 1992. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 09/2022, Library Foundation Of Martin County Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Library Foundation Of Martin County 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 09/2022, Library Foundation Of Martin County Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $418.1k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

FOUNDED IN 1992, THE LIBRARY FOUNDATION OF MARTIN COUNTY IS A MEMBERSHIP-BASED ORGANIZATION THAT SOLICITS DONATIONS FROM INDIVIDUALS, BUSINESSES AND FOUNDATIONS TO SUPPORT AND ADVANCE THE PROGRAMS, SERVICES AND FACILITIES OF THE MARTIN COUNTY LIBRARY SYSTEM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

YOUTH PROGRAMS - ANNUAL SUMMER READING PROGRAM FOR CHILDREN AND STEM AND STEAM PROGRAMMING FOR CHILDREN.


LIBRARY BRANCHES - DONOR RESTRICTED FUND FOR A REFERENCE RESEARCH LIBRARIAN POSITION AND MISCELLANEOUS PROGRAM SERVICES.


LITERACY SERVICES - LITERACY PROGRAMS AND SERVICES FOR CHILDREN WHICH INCLUDE, 1000 BOOKS BEFORE KINDERGARTEN, 1000 BLACK GIRL BOOKS, READY, SET GO! AND DOLLY PARTONS IMAGINATION LIBRARY.


OTHER - ADULT SERVICES AND COMMUNITY OUTREACH


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Board, Officers & Key Employees

Name (title)Compensation
Michael Kenny
Chief Executive Officer
$103,792
Keith Gardere
Treasurer
$0
Karen Johnson
Vice Chair
$0
Patricia Ditmars
Secretary
$0
Denise Ehrich
Chair
$0
Leigh Garry
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$63,063
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,253,586
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,316,649
Total Program Service Revenue$0
Investment income $131,446
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,448,095

Grants Recieved

Over the last fiscal year, we have identified 2 grants that The Library Foundation Of Martin County Inc has recieved totaling $3,500.

Awarding OrganizationAmount
Susuan & Edgardo Abello Char Tr

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$2,500
Wong Family Foundation

Palm City, FL

PURPOSE: GENERAL OPERATING SUPPORT

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,439,707
Earnings-$218,435
Ending Balance$1,221,272

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