Friends Of The New Orleans Public Library
- Assets
- $1.4m
- Revenue
- $367.0k
- Investments
- $0.0
- Employees
- 4
- Location
- New Orleans, LA
- Founding
- 02/1957
- Data as of
- 12/2021
- EIN
- 72-6028003
Organization Overview
Friends Of The New Orleans Public Library is located in New Orleans, LA. The organization was established in 1957. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, Friends Of The New Orleans Public Library employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The New Orleans 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 12/2021, Friends Of The New Orleans Public Library generated $367.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $332.8k during the year ending 12/2021. While expenses have increased by 15.8% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLABORATE WITH THE NEW ORLEANS PUBLIC LIBRARY TO INFORM, ENRICH, AND EMPOWER THE DIVERSE GREATER NEW ORLEANS COMMUNITY THROUGH PROMOTING THE OPEN ACCESSIBILITY OF READING AND KNOWLEDGE IN A FREE SOCIETY. THROUGH ADVOCACY AND FUNDRAISING THE FRIENDS SOLICIT AND ALLOCATE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BEST BUY TEEN TECH CENTER IS AN INTEREST-BASED LEARNING ENVIRONMENT FOR TEENS TO EXPERIMENT AND MASTER VARIOUS NEW TECHNOLOGIES WITH HELP FROM THEIR PEERS AND ADULT MENTORS. THEY CAN THEN SHARE THEIR WORK WITH OTHER TEENS ACROSS THE GLOBE THROUGH THE CLUBHOUSE NETWORK.THE CENTER IS EQUIPPED WITH TECHNOLOGY AND MULTIMEDIA TOOLS THAT CAN BE USED FOR MUSIC AND VIDEO PRODUCTION, INTERACTIVE PROGRAMMING, GRAPHIC DESIGN, AND MORE.THE BEST BUY TEEN TECH CENTER IS DESIGNED TO BE A SAFE, COMFORTABLE, AND ENGAGING SPACE FOR TEENS. MEMBERSHIP IS LIMITED TO YOUTH AGES 13 18. MEMBERS MUST COMPLETE A MEMBERSHIP APPLICATION AND GET SIGNED PERMISSION FROM A PARENT OR LEGAL GUARDIAN IN ORDER TO PARTICIPATE.
FINANCIAL SUPPORT FOR NEW ORLEANS PUBLIC LIBRARY - THE ORGANIZATIONS PROVIDES FUNDING FOR ONGOING PROGRAMS AND SERVICES FOR ALL AGES THROUGHOUT THE LIBRARY SYSTEM. THE SUMMER READING PROGRAM, BLACK HISTORY MONTH, AND STORY TIME ARE PROGRAMS SPONSORED BY FNOPL. MORE SPECIFICALLY, IT COVERS REFRESHMENTS, SPEAKER AND ENTERTAINER STIPENDS, CRAFT SUPPLIES, AND FOR PROMOTIONAL ITEMS.
READING PROGRAMS/BOOK DISTRIBUTION PROGRAM - THE ORGANIZATION SUPPORTS ONGOING LITERACY PROGRAMS, INCLUDING SUMMER READING, EARLY CHILDHOOD LITERACY, ADULT LITERACY PROGRAMS. THE ORGANIZATION ALSO PROVIDES BILINGUAL BOOKS AND STORY TIME. THE ORGANIZATION GIVES OVER 100,000 FREE BOOKS TO LOCAL SCHOOLS, NURSING HOMES, HOSPITALS, SHELTERS, ETC. AS PART OF ITS MISSION TO GET BOOKS INTO AS MANY HANDS AS POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie D Stetler Executive Director | Officer | 40 | $62,571 |
Steve Martin Treasurer | OfficerTrustee | 2 | $0 |
Tracy Canavan Secretary | OfficerTrustee | 2 | $0 |
Jennifer Kitner President | OfficerTrustee | 2 | $0 |
Courtney Kearney Vice President | OfficerTrustee | 2 | $0 |
Jeanetta Bryant Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,715 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,065 |
| All other contributions, gifts, grants, and similar amounts not included above | $207,106 |
| Noncash contributions included in lines 1a–1f | $60,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,886 |
| Total Program Service Revenue | $0 |
| Investment income | $13,024 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,115 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,540 |
| 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. | $63,551 |
| Compensation of current officers, directors, key employees. | $9,533 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,399 |
| Fees for services: Other | $540 |
| Advertising and promotion | $0 |
| Office expenses | $12,284 |
| Information technology | $0 |
| 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 | $1,039 |
| Insurance | $1,995 |
| All other expenses | $22,983 |
| Total functional expenses | $332,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,557 |
| Savings and temporary cash investments | $66,928 |
| 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 | $542 |
| Investments—publicly traded securities | $1,100,156 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,434,183 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,318,746 |
| Net assets with donor restrictions | $115,437 |
| 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 | $1,434,183 |
Grants Awarded
Over the last fiscal year, Friends Of The New Orleans Public Library has awarded $19,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Metairie, LA PURPOSE: TO SUPPORT ADULT LITERACY | $10,000 |
Baton Rouge, LA PURPOSE: TO PROVIDE SCHOLARSHIPS | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The New Orleans Public Library has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Usdin-Weil Foundation New Orleans, LA PURPOSE: PURSUANT TO ORGANIZATIONS GOAL ACHIEVEMENT EFFORTS AND DISTRIBUTIONS TO 501(C)(3) | $500 |
Endowment Analysis
| Beg. Balance | $102,893 |
| Earnings | $16,841 |
| Admin Expense | $543 |
| Other Expense | $3,754 |
| Ending Balance | $115,437 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
University Of Mississippi Foundation Oxford, MS | $716,526,476 | $64,727,887 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Ole Miss Athletics Foundation Oxford, MS | $97,065,287 | $57,643,164 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |