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Nonprofiteer
← CITY OF RICHMOND PUBLIC LIBRARY FOUNDATION

Form 990 for tax year 2023

Filed by CITY OF RICHMOND PUBLIC LIBRARY FOUNDATION.

Totals

Total revenue
$385,569
Total expenses
$176,044
Contributions and grants received
$322,636
Grants paid
$151,930
Program service revenue
$0
Investment income
$62,933
Other revenue
$0
Total assets, end of year
$2,220,788
Total liabilities, end of year
$907,142
Net assets or fund balances, end of year
$1,313,646
Program services expenses (Part IX)
$151,930
Management and general expenses
$24,114
Fundraising expenses
$0
Program service expenses (Part III)
$151,930

Program services were 86.3% 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

    $322,636

  • 3 · Investment income

    total $60,517 · excluded $60,517

  • 7a · Gross sales of assets other than inventory

    securities $65,665

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

    securities $63,249

  • 7c · Gain or loss

    securities $2,416

  • 7d · Net gain or loss

    total $2,416 · excluded $2,416

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $151,930 · program services $151,930

  • 11c · Fees: accounting

    total $11,850 · management and general $11,850

  • 13 · Office expenses

    total $11,559 · management and general $11,559

  • 19 · Conferences, conventions and meetings

    total $705 · management and general $705

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $436,785 · end of year $807,816

  • 11 · Investments: publicly traded securities

    beginning of year $649,208 · end of year $1,412,972

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,806 · end of year $52,239

  • 19 · Deferred revenue

    end of year $854,903

  • 27 · Net assets without donor restrictions

    beginning of year $577,244 · end of year $653,093

  • 28 · Net assets with donor restrictions

    beginning of year $505,943 · end of year $660,553

Mission and programs · 2023

Mission

THE CITY OF RICHMOND PUBLIC LIBRARY FOUNDATION DEVELOPS, ADMINISTERS, AND ALLOCATES FUNDS TO PROVIDE THE EXTRA MARGIN OF EXCELLENCE FOR THE CITY'S LIBRARY SYSTEM BY ENHANCING EXISTING PUBLIC SUPPORT FOR THE LIBRARY AND ITS PROGRAMS.

  • SUPPORT OF RICHMOND PUBLIC LIBRARY WITH FUNDING FOR PROGRAMS, RESOURCES, AND EFFORTS THAT ENABLE RICHMOND PUBLIC LIBRARY TO RESPOND TO THE NEEDS OF THE RESIDENTS OF THE CITY OF RICHMOND AND THE SURROUNDING ENVIRONS. THE WORK OF THE FOUNDATION IS GUIDED BY THE RICHMOND PUBLIC LIBRARY STRATEGIC PLAN, WHICH IS DEVELOPED BY THE LIBRARY DIRECTOR WITH THE LIBRARY BOARD OF TRUSTEES. FOUNDATION SUPPORT IS DIRECTED TO THE FIVE STRATEGIC GOALS BELOW, WHICH DEMONSTRATE OUR DEDICATION TO PROVIDING CRITICAL RESOURCES TO A VIBRANT AND ENGAGED RICHMOND COMMUNITY. GOAL 1: ACCESSIBLE LIBRARIES: INCREASE ACCESS TO LIBRARY LOCATIONS AND ENSURE AVAILABILITY OF INFORMATION AND RESOURCES TO RESIDENTS. GOAL 2: CHILDREN'S LITERACY: PROVIDE SERVICES AND PROGRAMS THAT BUILD AND CULTIVATE LITERACY AND A LOVE OF READING. GOAL 3: LIFELONG LEARNING: EXPAND OUR ROLE AS THE ONLY EDUCATIONAL INSTITUTION THAT SERVES THE ENTIRE COMMUNITY FROM BIRTH TO 100+. GOAL 4: ORGANIZATIONAL STRENGTH: ENSURE THE LIBRARY IS POSITIONED TO ANTICIPATE AND RESPOND TO THE CHANGING SERVICE NEEDS OF THE COMMUNITY. GOAL 5: UNIQUELY RICHMOND: CIVICALLY ENGAGE AND CONNECT RESIDENTS TO INFORMATION AND RESOURCES TO SOLVE PROBLEMS AND DISCOVER RICHMOND'S PAST, PRESENT AND FUTURE.

    Expenses $151,930 · Grants $151,930

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John E Ulmschneider

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • J Dontrese Brown

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1
  • Rich Peterson

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Scott Firestine

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Susan Revere

    EXECUTIVE DI

    Total calculated
    $70,770
    From this org
    $0
    From related orgs
    $70,770
    Other
    $0
    Hours/week
    40
  • Emily Altman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Peter Blake

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Fran Bradford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ryan Childress

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Allan-Charles Chipman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joanne V Frye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Goins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jamie Isley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mary Lauderdale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nissa Lipowicz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lyn Kyle Manson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paige Newman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sue McFadden Patow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Felix Schapiro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Juliana Villa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bill Yates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • RICHMOND PUBLIC LIBRARY CITY OF RICHMOND

    $151,930

    SUPPORT

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.

  • RICHMOND PUBLIC LIBRARY CITY OF RICHMOND

    SUPPORT · VA

Provenance

Return type
form_990
Tax year
2023
Filed
21 August 2024
IRS schema version
2023v5.0
Source object
202442409349301659

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