Albany Public Library Foundation
- Assets
- $1.1m
- Revenue
- $84.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Albany, OR
- Founding
- 04/1997
- Data as of
- 06/2022
- EIN
- 93-1085864
Organization Overview
Albany Public Library Foundation is located in Albany, OR. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany 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 06/2022, Albany Public Library Foundation generated $84.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $75.1k during the year ending 06/2022. While expenses have increased by 19.2% 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.
Since 2016, Albany Public Library Foundation has awarded 14 individual grants totaling $299,633. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR ADVANCING AND PROMOTING THE INTERESTS AND DEVELOPMENT OF THE ALBANY PUBLIC LIBRARIES AND RELATED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dick Olsen Member | 0 | $0 | |
Barbara Krochta Treasurer | 0 | $0 | |
Bernadette Niederer Member | 0 | $0 | |
James Hogan President | 0 | $0 | |
Becky Koontz Secretary | 0 | $0 | |
Rosemary Bennett Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $940 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,340 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,690 |
| Capital Gain Net Income | $54,690 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10 |
| Total Revenue | $83,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,246 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,578 |
| Total operating and administrative expenses | $13,074 |
| Contributions, gifts, grants paid | $62,000 |
| Total expenses and disbursements | $75,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,777 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,117,636 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,123,413 |
| Accounts payable and accrued expenses | $448 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $448 |
Grants Awarded
Over the last fiscal year, Albany Public Library Foundation has awarded $58,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Albany, OR PURPOSE: LIBRARY SERVICES | $50,000 |
CITY OF ALBANY PURPOSE: LIBRARY SERVICES | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nami San Diego San Diego, CA | $2,950,876 | $10,039,282 |
Sunrise Childrens Foundation Las Vegas, NV | $7,660,611 | $10,104,124 |
Tikvah-Etta & Lazear Israel Center For The Developmentally Disabled North Hollywood, CA | $7,410,963 | $10,386,812 |
Antfarm Inc Sandy, OR | $2,638,005 | $9,881,000 |
Clark County Public Education Foundation Inc Las Vegas, NV | $20,645,889 | $7,373,983 |
Western Eagle Foundation Inc Temecula, CA | $3,740,738 | $8,870,366 |
Pro-Youth Visalia, CA | $5,841,467 | $9,422,917 |
Commonwealth Club Of California San Francisco, CA | $34,005,907 | $9,226,534 |
A Place Called Home Los Angeles, CA | $19,612,188 | $8,269,414 |
Larry And Jeanette Epping Family Foundation Salem, OR | $179,042,811 | $13,717,983 |
Evergreen Freedom Foundation Olympia, WA | $4,610,393 | $9,922,946 |
Portland Community Reinvestment Initiatives Inc Portland, OR | $37,093,919 | $7,550,357 |