Arlington Heights Memorial Library Foundation
- Assets
- $114.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington Heights, IL
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-2026497
Organization Overview
Arlington Heights Memorial Library Foundation is located in Arlington Heights, IL. The organization was established in 2019. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. Arlington Heights Memorial 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 12/2023, Arlington Heights Memorial Library Foundation generated $96.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $77.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Spencer Harp Chairperson | 10 | $0 | |
Frank Lee Vice Chairperson | 2 | $0 | |
Joanne Gunderson Secretary | 3 | $0 | |
Gary Mcclung Director | 3 | $0 | |
Miriam Cooper Director | 2 | $0 | |
Renee Schwingbeck Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,978 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,709 |
| Gain or Loss | -$6 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $459 |
| Total Revenue | $96,140 |
| 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 | $475 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $4,147 |
| Other expenses | $7,943 |
| Total expenses | $77,440 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $114,552 |
| Other assets | $0 |
| Total assets | $114,552 |
| Total liabilities | $0 |
| Net assets or fund balances | $114,552 |