Shasta Library Foundation
- Assets
- $2.6m
- Revenue
- $715.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Redding, CA
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 68-0246035
Organization Overview
Shasta Library Foundation is located in Redding, CA. The organization was established in 1996. As of 12/2021, Shasta Library Foundation employed 3 individuals. This organization is the central organization for a national or regional group of organizations. Shasta 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 12/2021, Shasta Library Foundation generated $715.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $117.7k during the year ending 12/2021. 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
THE MISSION OF THE SHASTA LIBRARY FOUNDATION IS TO ENHANCE THE SHASTA PUBLIC LIBRARY AS A COMMUNITY RESOURCE BY BUILDING AN ENDOWMENT AND BY FUNDING SPECIAL PROJECTS FOR THE SUPPORT OF THE SHASTA PUBLIC LIBRARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING PUBLIC LIBRARY SERVICES AND RESOURCES THROUGH FUNDRAISING EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa J Flynn Executive Director | 40 | $17,880 | |
Jennifer A Snider Executive Director | 40 | $10,040 | |
Anneliese Oehlberg Executive Assistant | 20 | $8,460 | |
Ericka Jones President & CEO | OfficerTrustee | 10 | $0 |
Katie Leach Vice President | OfficerTrustee | 2 | $0 |
Judy Smith Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,434 |
| All other contributions, gifts, grants, and similar amounts not included above | $543,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $567,013 |
| Total Program Service Revenue | $0 |
| Investment income | $45,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $81,724 |
| Net Income from Fundraising Events | $21,249 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $715,909 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,791 |
| 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. | $41,599 |
| Compensation of current officers, directors, key employees. | $4,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,848 |
| Fees for services: Other | $1,123 |
| Advertising and promotion | $0 |
| Office expenses | $2,321 |
| Information technology | $7,679 |
| 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 | $1,215 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $117,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $193,425 |
| 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 | $294 |
| Investments—publicly traded securities | $2,377,076 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,570,795 |
| Accounts payable and accrued expenses | $0 |
| 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 | $553 |
| Total liabilities | $553 |
| Net assets without donor restrictions | $233,728 |
| Net assets with donor restrictions | $2,336,514 |
| 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 | $2,570,795 |
Grants Awarded
Over the last fiscal year, Shasta Library Foundation has awarded $111,074 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SHASTA PUBLIC LIBRARY PURPOSE: FUNDS FOR LIB. RESOURCES/PROGRAMS | $89,973 |
SHASTA PUBLIC LIBRARY PURPOSE: FUND FOR LITERACY AND BOOKS | $21,101 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Shasta Library Foundation has recieved totaling $825.
| Awarding Organization | Amount |
|---|---|
Mcconnell Foundation Redding, CA PURPOSE: "OUT OF THE WOODWORKS" SPONSORSHIP | $750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $75 |
Endowment Analysis
| Beg. Balance | $1,790,130 |
| Earnings | $586,946 |
| Ending Balance | $2,377,076 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Writing Project Berkeley, CA | $5,360,613 | $4,606,868 |
Writers Guild Foundation Los Angeles, CA | $3,116,917 | $1,356,830 |
Vergilian Society Inc Piedmont, CA | $873,288 | $270,240 |
The Claremont Forum Claremont, CA | $160,866 | $199,034 |
Shasta Library Foundation Redding, CA | $2,570,795 | $715,909 |
Litvak Dance Arts Foundation Encinitas, CA | $32,524 | $115,340 |
Flagstaff Master Chorale Inc Flagstaf, AZ | $188,886 | $73,176 |
Left Coast Crime Conference Inc Berkeley, CA | $283,162 | $0 |