Louisville Public Library Foundation
- Assets
- $683.0k
- Revenue
- $76.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, CO
- Founding
- 02/1981
- Data as of
- 12/2023
- EIN
- 84-0797637
Organization Overview
Louisville Public Library Foundation is located in Louisville, CO. The organization was established in 1981. 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. Louisville Public 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, Louisville Public Library Foundation generated $76.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $63.5k during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LOUISVILLE PUBLIC LIBRARY FOUNDATION IS A 501(C)(3) NON-PROFIT AND COMMUNITY-BASED ORGANIZATION. OUR MISSION IS TO ENRICH OUR COMMUNITY BY BUILDING SUPPORT AND RAISING MONEY TO ENHANCE THE LOUISVILLE LIBRARYS PROGRAMS AND SERVICES SERVING THE COMMUNITIES OF LOUISVILLE AND SUPERIOR. IN THE LAST YEAR WE HAVE RAISED MONEY TO REPLACE BOOKS LOST DUE TO THE MARSHALL FIRE, SUPPORT THE SUMMER READING PROGRAM, AND VARIOUS OTHER COMMUNITY PROGRAMS AND LITERACY EVENTS AT THE LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOUISVILLE PUBLIC LIBRARY FOUNDATION SUPPLIES LIBRARY MATERIALS INCLUDING FUNDING FOR THE LIBRARY'S READ BABY PROGRAM THAT OFFERS BOARD BOOKS TO NEWBORNS AND THEIR PARENTS AND SPONSORS STORY TIMES AT THE LIBRARY FOR YOUNG CHILDREN
READING PROGRAMS TO KEEP CHILDREN, YOUTH AND ADULTS ACTIVELY ENGAGED IN READING THROUGHOUT THE YEAR, INCLUDED IN THIS IS THE SUMMER READING PROGRAM WHICH PROVIDES INCENTIVES TO THOSE WHO REACH THEIR GOALS.
THE LOIUSVILLE PUBLIC LIBRARY MAKERSPACE PROVIDES LEARNERS OF ALL AGES A PLACE TO COLLABORATE ON CREATIVE PROJECTS IN SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATH (STEAM). THE MAKERSPACE PROVIDES LEARNERS WITH HANDS ON EXPERIENCE AND INSTRUCTION IN 3D MODELING/ PRINTING, ROBOTICS, CODING AND A VARIENTY OF CRAFTS. LEARNERS ARE ABLE TO 1. DESIGN 3D MODELS AND PRINT ON MINI 3D PRINTER. 2. CREATE VIDEOS USING A GREEN SCREEN 3. CREATE IRON -ON TRANSFERS USING A CRICUT MACHINE 4. COMPOSE, RECORD AND EDIT MUSIC 5. MAKE JEWELRY AND MUCH MORE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanette Torrents President | OfficerTrustee | $0 | |
Jennifer Ross Vice Preside | OfficerTrustee | $0 | |
Andrew Seguin Treasurer | OfficerTrustee | $0 | |
Lauren Parsons Secretary | OfficerTrustee | $0 | |
Lindsay Heger Past Preside | OfficerTrustee | $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 | $59,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,504 |
| Total Program Service Revenue | $0 |
| Investment income | $11,838 |
| 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 | $76,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,051 |
| Advertising and promotion | $2,366 |
| Office expenses | $4,899 |
| Information technology | $3,840 |
| 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 | $662 |
| All other expenses | $0 |
| Total functional expenses | $63,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,491 |
| Savings and temporary cash investments | $3,402 |
| 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 | $14,629 |
| Investments—publicly traded securities | $615,500 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $683,022 |
| Accounts payable and accrued expenses | $904 |
| 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 | $904 |
| 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 | $682,118 |
| Total liabilities and net assets/fund balances | $683,022 |