Laramie County Library Foundation Inc
- Assets
- $2.5m
- Revenue
- $669.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Cheyenne, WY
- Founding
- 04/1986
- Data as of
- 06/2022
- EIN
- 83-0272048
Organization Overview
Laramie County Library Foundation Inc is located in Cheyenne, WY. The organization was established in 1986. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laramie 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 06/2022, Laramie County Library Foundation Inc generated $669.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $285.2k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LIBRARY FOUNDATION PURCHASES EQUIPMENT, BOOKS AND MATERIALS TO PROVIDE EDUCATIONAL SERVICES TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY FOUNDATION PURCHASES EQUIPMENT, BOOKS, AND MATERIALS TO PROVIDE EDUCATIONAL SERVICES TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Lowe Vice President | OfficerTrustee | 1 | $0 |
Craig Blumenshine Treasurer | OfficerTrustee | 1 | $0 |
Dallas Lain President | OfficerTrustee | 1 | $0 |
Steven Leafgreen Past President | OfficerTrustee | 1 | $0 |
Penny Fletcher Secretary | OfficerTrustee | 1 | $0 |
Kristi Wallin Foundation Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,023 |
| Noncash contributions included in lines 1a–1f | $4,905 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,023 |
| Total Program Service Revenue | $1,307 |
| Investment income | $18,514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $364,538 |
| Net Income from Fundraising Events | $107,393 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $669,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,099 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,450 |
| Advertising and promotion | $825 |
| Office expenses | $1,758 |
| 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 | $0 |
| All other expenses | $1,242 |
| Total functional expenses | $285,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,955 |
| Savings and temporary cash investments | $241,003 |
| Pledges and grants receivable | $9,100 |
| 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 | $2,206,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,524,309 |
| Accounts payable and accrued expenses | $1,141 |
| 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 | $1,313,896 |
| Total liabilities | $1,315,037 |
| Net assets without donor restrictions | $164,961 |
| Net assets with donor restrictions | $1,044,311 |
| 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 | $2,524,309 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Laramie County Library Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Andrew Allen Charitable Foundation Cheyenne, WY PURPOSE: GENERAL SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $1,039,334 |
| Earnings | -$150,903 |
| Net Contributions | $20,000 |
| Other Expense | $30,047 |
| Ending Balance | $878,384 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pueblo City-County Library District Pueblo, CO | $61,940,771 | $14,174,700 |
Community Library Association Inc Ketchum Sun Valley & Triumph Ketchum, ID | $24,030,804 | $4,468,077 |
Aberdeen Library Foundation Aberdeen, SD | $501,428 | $37,595 |
Laramie County Library Foundation Inc Cheyenne, WY | $2,524,309 | $669,775 |
Albany County Public Library Foundation Laramie, WY | $2,550,288 | $353,735 |
Central Plains Library System Hastings, NE | $112,400 | $0 |
Friends Of The Salt Lake City Public Library Salt Lake City, UT | $326,584 | $136,311 |
Bigfork Development Company Bigfork, MT | $680,437 | $166,280 |
Fulmer Library Fund Thornton, CO | $923,472 | $57,805 |
Western Library System Scottsbluff, NE | $166,833 | $0 |
Beatrice Public Library Fdn Inc Beatrice, NE | $2,051,690 | $96,617 |
Friends Of The Grand County Library Inc Granby, CO | $58,802 | $0 |