South Burlington Library Foundation Inc
- Assets
- $221.2k
- Revenue
- $309.8k
- Investments
- $0.0
- Employees
- 0
- Location
- South Burlington, VT
- Founding
- 07/2019
- Data as of
- 06/2022
- EIN
- 81-4777508
Organization Overview
South Burlington Library Foundation Inc is located in South Burlington, VT. The organization was established in 2019. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Burlington 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 06/2022, South Burlington Library Foundation Inc generated $309.8k in total revenue. All expenses for the organization totaled $301.1k during the year ending 06/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND MANAGE CONTRIBUTIONS EXCLUSIVELY FOR THE BENEFIT OF THE SOUTH BURLINGTON PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTH BURLINGTON LIBRARY FOUNDATION WAS CREATED FOR THE PURPOSE OF RECEIVING, MANAGING, AND INVESTING CONTRIBUTIONS, GIFTS, AND BEQUESTS EXCLUSIVELY FOR THE BENEFIT OF THE SOUTH BURLINGTON PUBLIC LIBRARY AND IN SUPPORT OF ITS CHARITABLE, LITERARY, CULTURAL, EDUCATIONAL, SOCIAL, AND OTHER PURPOSES AS PRIORITIZED BY THE SOUTH BURLINGTON PUBLIC LIBRARY'S BOARD OF TRUSTEES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Pasackow President | Officer | 4 | $0 |
Patrick Leduc Treasurer | Officer | 1 | $0 |
Margretann Cross Secretary | Officer | 3 | $0 |
Lee T Freeman Director | Trustee | 0.25 | $0 |
Donna Swartwout Director | Trustee | 1 | $0 |
Stacey Pape Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $397 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,353 |
| Noncash contributions included in lines 1a–1f | $34,038 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,750 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $309,750 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $287,633 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,647 |
| Office expenses | $485 |
| 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 | $0 |
| Insurance | $1,156 |
| All other expenses | $742 |
| Total functional expenses | $301,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,192 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $221,192 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $221,192 |
| Total liabilities and net assets/fund balances | $221,192 |
Grants Awarded
Over the last fiscal year, South Burlington Library Foundation Inc has awarded $287,633 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH BURLINGTON PUBLIC LIBRARY PURPOSE: General Support | $276,343 |
SOUTH BURLINGTON PUBLIC LIBRARY PURPOSE: GENERAL SUPPORT | $11,290 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Civic Concourse Village Corporation New York, NY | $28,206,759 | $2,332,033 |
Boston Impact Initiative Fund Jamaica Plain, MA | $9,324,957 | $1,483,915 |
Circulo Real Property Holding Corporation Garden City, NY | $14,540,047 | $1,206,514 |
Bartlett Place Land Inc Roxbury, MA | $22,793,078 | $357,748 |
Downtown Committee Of Syracuse Inc Syracuse, NY | $1,105,419 | $1,527,939 |
Helen Schuyler Tr Uw Bo Community Foundation Elmira, NY | $20,149,017 | $3,771,137 |
H-C Management Services Inc Holyoke, MA | $16,982,979 | $190,019 |
Pine Banks Park Foundation Malden, MA | $3,209,592 | $822,137 |
Park Side 104 Housing Development Fund Company Inc New York, NY | $2,165,362 | $410,244 |
Schuyler County Human Servicesdevelopment Corporation Watkins Glen, NY | $3,537,005 | $364,575 |
King Street Center Foundation Burlington, VT | $0 | $1,865,379 |
South Burlington Library Foundation Inc South Burlington, VT | $221,192 | $309,750 |