Ocean County Library Foundation Inc
- Assets
- $274.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Toms River, NJ
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 75-3005339
Organization Overview
Ocean County Library Foundation Inc is located in Toms River, NJ. The organization was established in 2002. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean County Library Foundation 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 12/2021, Ocean County Library Foundation Inc generated $13.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $14.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROMOTION OF PUBLIC AWARENESS OF THE OCEAN COUNTY LIBRARY THROUGH PROGRAMS SUCH AS ENGLISH AS A SECOND LANGUAGE AND DIRECT MAILINGS IN ASSOCIATION WITH FUNDRAISING ACTIVITIES AS WELL AS DIRECT SUPPORT OF THE OCEAN COUNTY LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Beck Chair | 0 | $0 | |
Douglas J Hull Vice Chair | 0 | $0 | |
Kathryn Oles Trustee | 0 | $0 | |
John K Dougherty Trustee | 0 | $0 | |
Mary O Malagiere Trustee | 0 | $0 | |
Angela Palumbo Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,284 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $408 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,692 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,609 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,563 |
| Total expenses | $14,172 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $273,024 |
| Other assets | $0 |
| Total assets | $274,578 |
| Total liabilities | $2,450 |
| Net assets or fund balances | $272,128 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ocean County Library Foundation Inc has recieved totaling -$500.
| Awarding Organization | Amount |
|---|---|
Kotzas Fam Charitable Foundation Toms River, NJ PURPOSE: CHARITABLE | -$500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University At Albany Foundation Albany, NY | $129,210,800 | $17,198,773 |
Queens College Foundation Inc Flushing, NY | $103,882,868 | $13,972,395 |
Threefold Educational Foundation & School Chestnut Ridge, NY | $15,163,557 | $9,817,859 |
New Jersey Institute Of Technology Foundation Newark, NJ | $177,817,526 | $21,630,945 |
Global Community Charter School New York, NY | $4,753,919 | $12,397,044 |
Doctors Center Management Corporation Oceanport, NJ | $41,567 | $8,892,194 |
English-Bonter-Mitchell Foundation Pittsburgh, PA | $150,419,755 | $42,613,149 |
Delaware State University Foundation Inc Dover, DE | $37,335,368 | $19,092,791 |
Friends Of Team Academy Charter School A New Jersey Non-Profit Org Newark, NJ | $241,241,974 | $11,734,420 |
Montclair State University Foundation Inc Montclair, NJ | $109,561,235 | $13,284,004 |
Isaac Newton Foundation Inc Philadelphia, PA | $139,547,072 | $8,902,357 |
Annenberg School For Communication Tr At The University Of Pa Philadelphia, PA | $121,203,086 | $8,507,152 |