Summit County Library Foundation
- Assets
- $621.3k
- Revenue
- $371.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Frisco, CO
- Founding
- 08/1991
- Data as of
- 06/2022
- EIN
- 84-1149701
Organization Overview
Summit County Library Foundation is located in Frisco, CO. The organization was established in 1991. 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. Summit County 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 06/2022, Summit County Library Foundation generated $371.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $22.5k 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
TO SERVE AS AN ADVOCATE FOR THE SUMMIT COUNTY LIBRARY SYSTEM AND TO PROVIDE FINANCIAL SUPPORT BEYOND THE LIBRARY'S NORMAL OPERATING EXPENDITURES, WHEN UNANTICIPATED NEEDS ARISE, AND FOR CAPITAL PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING TOWARD THE CONSTRUCTION COSTS AT THE SOUTH BRANCH LIBARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Christiansen Chair | OfficerTrustee | 1.16 | $0 |
Pat Taylor Vice Chair | OfficerTrustee | 0.39 | $0 |
Joyce Dierauer Treasurer | OfficerTrustee | 0.97 | $0 |
Barb Parry Board Member | Trustee | 1.45 | $0 |
Doug Robinson Board Member | Trustee | 0.77 | $0 |
Chris Hall Board Member | Trustee | 0.77 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $297,378 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $362,378 |
| Total Program Service Revenue | $0 |
| Investment income | $64 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,599 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $371,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,715 |
| 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 | $1,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,413 |
| Advertising and promotion | $6,620 |
| Office expenses | $1,034 |
| 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 | $558 |
| All other expenses | $0 |
| Total functional expenses | $22,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,518 |
| Savings and temporary cash investments | $539,806 |
| 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 | $621,324 |
| 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 | $301,251 |
| Net assets with donor restrictions | $320,073 |
| 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 | $621,324 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Summit County Library Foundation has recieved totaling $97,301.
| Awarding Organization | Amount |
|---|---|
Boettcher Foundation Denver, CO PURPOSE: CAPITAL | $40,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $29,067 |
El Pomar Foundation Colorado Springs, CO PURPOSE: LIBRARY EXPANSION AND RENOVATION | $25,000 |
The Bessie Minor Swift Foundation Carlsbad, CA PURPOSE: PURCHASE OF AN AWE COMPUTER TO BE USED FOR LANGUAGE AND STEM ENGAGEMENT WITH PRE-SCHOOL AND ELEMENTARY SCHOOL CHILDREN | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $159 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Library Consortium Centennial, CO | $4,049,105 | $6,616,674 |
Outreach United Resource Center Inc Longmont, CO | $8,325,883 | $5,899,409 |
Community Information Trust Omaha, NE | $18,420,748 | $2,358,228 |
Sedona Public Library Sedona, AZ | $7,250,372 | $2,554,776 |
Desert Foothills Library Association Cave Creek, AZ | $11,787,133 | $1,313,288 |
Jal Public Library Fund Jal, NM | $27,094,564 | $3,040,405 |
La Llave Family Resource Center Inc Alamosa, CO | $303,516 | $1,091,609 |
Mid-Continent Geological Library Inc Edmond, OK | $1,595,859 | $293,509 |
Board Of Trustees Of The Sedgwick County Law Library Inc Wichita, KS | $799,436 | $866,999 |
Friends Of The Prescott Public Library Prescott, AZ | $6,216,135 | $310,450 |
Limbo Up Foundation Inc Denver, CO | $0 | $377,102 |
Teton County Library Foundation Inc Jackson, WY | $9,237,372 | $966,896 |