Sno-Isle Regional Library Foundation
- Assets
- $2.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Marysville, WA
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 91-2010318
Organization Overview
Sno-Isle Regional Library Foundation is located in Marysville, WA. The organization was established in 2000. 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. Sno-Isle Regional 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 12/2021, Sno-Isle Regional Library Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $217.5k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE SUPPORT FOR VIBRANT LIBRARY PROGRAMS AND SERVICES IN SNOHOMISH AND ISLAND COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL EXPENSES INCLUDE SUPPORT OF PROGRAMS AND LIBRARIES THROUGHOUT THE SNO-ISLE LIBRARIES DISTRICT, INCLUDING LEASE EXPENSES FOR SNO-ISLE'S DEMONSTRATION LIBRARIES: THE MARINER LIBRARY AND LAKEWOOD/SMOKEY POINT LIBRARY.
SNO-ISLE LIBRARIES' THIRD GRADERS READ TOGETHER PROGRAM PROMOTES LITERACY, READING PROFICIENCY, LIFELONG LEARNING, AND TEAMWORK SKILLS, WHICH ENCOURAGE FUTURE ACADEMIC SUCCESS FOR 3RD GRADE STUDENTS. 224 CLASSROOMS FROM 99 SCHOOLS IN SNOHOMISH AND ISLAND COUNTIES (OVER 2,000 STUDENTS) PARTICIPATED IN THE PROGRAM.
SNO-ISLE LIBRARIES SUMMER READING PROGRAM ENCOURAGES STUDENT LITERACY AND ACADEMIC SUCCESS WHILE HELPING STUDENTS AVOID DECLINING EDUCATIONAL ABILITY DURING THE SUMMER VACATION. IN 2021, WE HAD 4,094 SUMMER READING FINISHERS, INCLUDING PARTICIPANTS FROM 14 BOYS & GIRLS CLUBS, WHO READ OVER 1.5 MILLION MINUTES IN TOTAL. THE LARGEST NUMBER OF READERS WERE AGES 7-9. THE FOUNDATION PROVIDES PRIZE BOOKS FOR ALL WHO COMPLETE THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Defazio Vice President | OfficerTrustee | 2 | $0 |
Randy Yates Treasurer | OfficerTrustee | 2 | $0 |
Luke Distelhorst President | OfficerTrustee | 2 | $0 |
Mary Anderson Secretary | OfficerTrustee | 2 | $0 |
Sonia Siegel Vexler Director | Trustee | 2 | $0 |
Rose Olson Board Of Trustees Liaison | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,461 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,010,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,057,744 |
| Total Program Service Revenue | $360 |
| Investment income | $5,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,021 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,057,295 |
| 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 | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,503 |
| Fees for services: Other | $712 |
| Advertising and promotion | $255 |
| Office expenses | $1,465 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,390 |
| 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 | $930 |
| All other expenses | $0 |
| Total functional expenses | $217,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,883 |
| Savings and temporary cash investments | $1,192,120 |
| 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 | $1,048,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,307,983 |
| 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 | $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 | $2,307,983 |
| Total liabilities and net assets/fund balances | $2,307,983 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sno-Isle Regional Library Foundation has recieved totaling $7,250.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO SUPPORT LIBRARY ON WHEELS; TRUDY SUNDBERG LECTURE SERIES | $7,250 |
Endowment Analysis
| Beg. Balance | $787,536 |
| Earnings | $109,144 |
| Admin Expense | $14,503 |
| Grants | $25,936 |
| Ending Balance | $856,241 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U Of O Foundation Supporting Organization Eugene, OR | $394,248,848 | $33,595,955 |
Boise State University Foundation Inc Boise, ID | $181,429,408 | $23,699,772 |
University Of Idaho Foundation Inc Moscow, ID | $461,396,601 | $57,102,014 |
Portland State University Foundation Portland, OR | $160,720,485 | $33,116,092 |
University Of Alaska Foundation Anchorage, AK | $433,420,168 | $30,048,910 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Choice Regional Health Network Olympia, WA | $24,377,222 | $13,582,793 |
Housing Northwest Inc Portland, OR | $58,641,349 | $5,917,895 |
Seattle Public Library Foundation Seattle, WA | $96,431,810 | $10,213,683 |
Clark Community College District 14 Foundation Vancouver, WA | $121,917,031 | $11,491,033 |
Central Washington University Foundation Ellensburg, WA | $48,919,247 | $7,605,095 |
Green River College Foundation Auburn, WA | $36,981,286 | $4,351,003 |