Kanawha County Public Library Special Public Properties Holdings
- Assets
- $21.0m
- Revenue
- $933.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, WV
- Founding
- Data as of
- 12/2021
- EIN
- 85-1263161
Organization Overview
Kanawha County Public Library Special Public Properties Holdings is located in Charleston, WV. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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. Kanawha County Public Library Special Public Properties Holdings 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 12/2021, Kanawha County Public Library Special Public Properties Holdings generated $933.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (65.8%) each year. All expenses for the organization totaled $90.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS ACQUIRE CERTAIN REAL PROPERTY, AND RESTORATION, RENOVATION, EXPANSION, AND OPERATION OF A MAIN LIBRARY BUILDING LOCATED ON CAPITOL STREET IN DOWNTOWN CHARLESTON, WEST VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION OF REAL PROPERTY, AND RESTORATION, RENOVATION, EXPANSION AND OPERATIONS OF THE KANAWHA COUNTY PUBLIC LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin R Thomas Vice President | OfficerTrustee | 2 | $0 |
Erika Connelly Secretary Treasurer | OfficerTrustee | 2 | $0 |
Michael A Albert Vice President | OfficerTrustee | 2 | $0 |
Monika L Jaennson President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paramount Builders Construction | 12/30/21 | $10,497,803 |
Electronic Specialty Company Security Services | 12/30/21 | $380,882 |
Safeco Environmental Inc Environmental Consultants | 12/30/21 | $116,894 |
Silling Architects Architecture | 12/30/21 | $221,492 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $896,897 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $896,897 |
| Total Program Service Revenue | $0 |
| Investment income | $1,909 |
| 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 | $933,424 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,375 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,165 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,102 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,665 |
| Insurance | $0 |
| All other expenses | $200 |
| Total functional expenses | $90,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,868,870 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,404 |
| 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 | $18,386,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $626,091 |
| Other assets | $0 |
| Total assets | $21,012,070 |
| Accounts payable and accrued expenses | $525,003 |
| 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 | $11,701,000 |
| Other liabilities | $0 |
| Total liabilities | $12,226,003 |
| 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 | $8,786,067 |
| Total liabilities and net assets/fund balances | $21,012,070 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kanawha County Public Library Special Public Properties Holdings has recieved totaling $2,183,457.
| Awarding Organization | Amount |
|---|---|
Library Foundation Of Kanawha County Inc Charleston, WV PURPOSE: TO PROVIDE FUNDING FOR CONSTRUCTION OF NEW LIBRARY | $2,183,457 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mason Korea Llc Fairfax, VA | $8,225,008 | $12,324,735 |
Euclid Avenue Development Corporation Cleveland, OH | $92,407,891 | $9,458,468 |
Virginia Tech Real Estate Fdn Blacksburg, VA | $231,612,607 | $16,876,838 |
Alliance For Academic Internal Medicine Inc Alexandria, VA | $13,744,999 | $6,917,370 |
Csdc Facilities Corporation Hanover, MD | $43,951,626 | $6,090,721 |
Association Of Theological Schools Pittsburgh, PA | $47,043,534 | $8,843,777 |
Electronic Information Network Pittsburgh, PA | $3,863,971 | $4,949,753 |
University Of Cincinnati Research Institute Cincinnati, OH | $5,011,413 | $4,382,075 |
Fayette County Child Development Inc Oak Hill, WV | $1,256,000 | $4,245,853 |
Core Knowledge Foundation Charlottesville, VA | $10,759,261 | $6,889,029 |
Southeast South-Central Educational Cooperative Richmond, KY | $1,249,010 | $3,554,543 |
Frankford Valley Foundation For Literacy Ii Philadelphia, PA | $28,680,827 | $2,865,758 |