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← LIBRARY FOUNDATION OF HILLSBORO

Form 990 for tax year 2022

Filed by LIBRARY FOUNDATION OF HILLSBORO.

Totals

Total revenue
$51,524
Total expenses
$50,692
Contributions and grants received
$39,928
Grants paid
$35,658
Program service revenue
$0
Investment income
$6,798
Other revenue
$4,798
Total assets, end of year
$566,059
Total liabilities, end of year
$47
Net assets or fund balances, end of year
$566,012
Program services expenses (Part IX)
$35,658
Management and general expenses
$9,354
Fundraising expenses
$5,680
Program service expenses (Part III)
$35,658

Program services were 70.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $39,928

  • 3 · Investment income

    total $9,702 · excluded $9,702

  • 7a · Gross sales of assets other than inventory

    securities $141,318 · other assets $3,949

  • 7b · Less cost or other basis and sales expenses

    securities $148,171

  • 7c · Gain or loss

    securities -$6,853 · other assets $3,949

  • 7d · Net gain or loss

    total -$2,904 · related or exempt -$2,904

  • 8a · Fundraising events: gross income

    $4,798

  • 8c · Net income from fundraising events

    total $4,798 · excluded $4,798

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,658 · program services $35,658

  • 11c · Fees: accounting

    total $3,139 · management and general $3,139

  • 11f · Fees: investment management

    total $2,706 · management and general $2,706

  • 11g · Fees: other

    total $5,000 · fundraising $5,000

  • 13 · Office expenses

    total $2,123 · management and general $1,443 · fundraising $680

  • 23 · Insurance

    total $1,860 · management and general $1,860

  • 24a · Other expenses: TAXES & LICENSES

    total $206 · management and general $206

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $55,812 · end of year $38,876

  • 4 · Accounts receivable

    beginning of year $537 · end of year $5,190

  • 11 · Investments: publicly traded securities

    beginning of year $605,221 · end of year $521,993

  • 17 · Accounts payable and accrued expenses

    end of year $47

  • 27 · Net assets without donor restrictions

    beginning of year $234,186 · end of year $132,453

  • 28 · Net assets with donor restrictions

    beginning of year $427,384 · end of year $433,559

Mission and programs · 2022

Mission

THE LIBRARY FOUNDATION OF HILLSBORO DEVELOPS, ADMINISTERS AND ALLOCATES PRIVATE FUNDS TO PROVIDE THE EXTRA MARGIN AND EXCELLENCE FOR THE CITY OF HILLSBORO'S LIBRARY SYSTEM. THE FOUNDATION PROMOTES SUPPORT FOR THE LIBRARY AND ITS PROGRAMS THROUGH ADVOCACY AND PUBLIC AWARENESS.

  • CONTRIBUTIONS TO THE CITY OF HILLSBORO PUBLIC LIBRARY AND WASHINGTON COUNTY, OREGON FOR THE PURCHASE OF BOOKS AND OTHER MATERIALS AND FOR PROVIDING SPECIAL PROGRAMMING FOR ALL AGES.

    Expenses $35,658 · Grants $35,658

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DEBORAH CLARKE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • DAVID EDWARDS

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1.85

  • ORSON HOEKSEMA

    TREASURER

    Total calculated
    $0
    Hours/week
    1.85

  • EDITH LIPPERT

    SECRETARY

    Total calculated
    $0
    Hours/week
    2.31

  • KATHY HANNA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.92

  • GABRIEL GALLARDO-JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.92

  • MARY ELIZABETH RHODES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.15

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
28 August 2023
IRS schema version
2022v5.0
Source object
202312519349301046

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