Form 990 for tax year 2022
Filed by CHARLOTTE MECKLENBURG LIBRARY FOUNDATION.
Totals
- Total revenue
- $4,905,932
- Total expenses
- $2,302,484
- Contributions and grants received
- $4,905,932
- Grants paid
- $1,840,153
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $53,032,461
- Total liabilities, end of year
- $166,150
- Net assets or fund balances, end of year
- $52,866,311
- Program services expenses (Part IX)
- $2,046,768
- Management and general expenses
- $237,639
- Fundraising expenses
- $18,077
- Program service expenses (Part III)
- $2,046,768
Program services were 88.9% 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.
-
1d · Related organizations
$30,000
-
1f · All other contributions, gifts and grants
$4,875,932
-
1g · Noncash contributions included above
$54,213
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,840,153 · program services $1,840,153
-
11f · Fees: investment management
total $39,452 · program services $17,631 · management and general $20,278 · fundraising $1,543
-
11g · Fees: other
total $254,667 · program services $113,811 · management and general $130,899 · fundraising $9,957
-
24a · Other expenses: FOUNDATION OPERATIONS
total $166,149 · program services $74,251 · management and general $85,402 · fundraising $6,496
-
24b · Other expenses: BANK FEES
total $2,063 · program services $922 · management and general $1,060 · fundraising $81
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,362,317 · end of year $334,014
-
3 · Pledges and grants receivable
beginning of year $21,778,163 · end of year $16,671,009
-
12 · Investments: other securities
beginning of year $26,911,109 · end of year $36,027,438
-
18 · Grants payable
beginning of year $589,537 · end of year $166,150
-
28 · Net assets with donor restrictions
beginning of year $49,462,052 · end of year $52,866,311
Mission and programs · 2022
Mission
THE LIBRARY FOUNDATION EXISTS TO HELP THE CHARLOTTE MECKLENBURG LIBRARY IMPROVE LIVES AND BUILD A STRONGER COMMUNITY.
Activities or mission (Part I)
THE FOUNDATION SUPPORTS LIBRARY PROGRAMS THROUGH ADVOCACY, FUNDRAISING AND ENDOWMENT MANAGEMENT.
-
DISTRIBUTED GRANTS TO SUPPORT THE CHARLOTTE MECKLENBURG LIBRARY'S OPERATIONS AND PROGRAMS.
Expenses $2,046,768 · Grants $1,840,153
As filed on the 2022 return.
Listed in Part VII
-
STEPHANIE ALGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JENNIFER APPLEBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOCLYN BALANDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JENNIFER BENNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CAROLEEN TOWERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
GENE COCHRANE
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
LEROY DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SARAH DODD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BARB ELLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SELENA GIOVANNELLI
SECOND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
ROB HARRINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PATRICIA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PETER KEANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
HELEN HOPE KIMBROUGH
FIRST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
ELIZABETH KISER
DIRECTOR
- Total calculated
- $204,374
- From this org
- $0
- From related orgs
- $179,386
- Other
- $24,988
- Hours/week
- 0.5 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $161,912 related
- Bonus
- $0 + $15,000 related
- Other
- $0 + $2,474 related
- Deferred
- $0 + $6,702 related
- Nontaxable benefits
- $0 + $18,286 related
- Filer's total
- $0 + $204,374 related
-
GINA LAWRENCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KELLIE LOFTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ALESSANDRO MORANTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CATON MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SALLY ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DEBRA SHARP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ELIZABETH HOPE STAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARCELLUS TURNER
DIRECTOR
- Total calculated
- $286,702
- From this org
- $0
- From related orgs
- $238,824
- Other
- $47,878
- Hours/week
- 0.5 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $238,824 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $27,379 related
- Nontaxable benefits
- $0 + $20,499 related
- Filer's total
- $0 + $286,702 related
-
CHRISTINA WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JENNI GAISBAUER
EXECUTIVE DIRECTOR
- Total calculated
- $220,686
- From this org
- $0
- From related orgs
- $168,541
- Other
- $52,145
- Hours/week
- 0.5 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $168,541 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $19,500 related
- Nontaxable benefits
- $0 + $32,645 related
- Filer's total
- $0 + $220,686 related
-
ALYSSA FEDERICO
ASSISTANT SECRETARY
- Total calculated
- $293,108
- From this org
- $0
- From related orgs
- $258,695
- Other
- $34,413
- Hours/week
- 0.5 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $197,978 related
- Bonus
- $0 + $58,500 related
- Other
- $0 + $2,217 related
- Deferred
- $0 + $31,020 related
- Nontaxable benefits
- $0 + $3,393 related
- Filer's total
- $0 + $293,108 related
-
DOUGLAS BENSON
ASSISTANT SECRETARY
- Total calculated
- $314,887
- From this org
- $0
- From related orgs
- $270,939
- Other
- $43,948
- Hours/week
- 0.5 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $227,714 related
- Bonus
- $0 + $40,000 related
- Other
- $0 + $3,225 related
- Deferred
- $0 + $32,400 related
- Nontaxable benefits
- $0 + $11,548 related
- Filer's total
- $0 + $314,887 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$1,840,153
OPERATING 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.
-
501(C)(3) · GRANTMAKING · NC
-
170(C)(1) · LITERACY/EDUCATION · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401299349302985
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