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← DURHAM LIBRARY FOUNDATION

Form 990 for tax year 2024

Filed by DURHAM LIBRARY FOUNDATION.

Totals

Total revenue
$1,607,668
Total expenses
$349,803
Contributions and grants received
$1,431,395
Grants paid
$196,493
Program service revenue
$0
Investment income
$173,187
Other revenue
$3,086
Total assets, end of year
$7,969,380
Total liabilities, end of year
$193,280
Net assets or fund balances, end of year
$7,776,100
Program services expenses (Part IX)
$226,589
Management and general expenses
$89,892
Fundraising expenses
$33,322
Program service expenses (Part III)
$226,589

Program services were 64.8% 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

    $1,431,395

  • 3 · Investment income

    total $166,611 · excluded $166,611

  • 7a · Gross sales of assets other than inventory

    securities $440,046

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

    securities $433,470

  • 7c · Gain or loss

    securities $6,576

  • 7d · Net gain or loss

    total $6,576 · related or exempt $6,576

  • 8a · Fundraising events: gross income

    $12,000

  • 8b · Fundraising events: direct expenses

    $8,914

  • 8c · Net income from fundraising events

    total $3,086 · excluded $3,086

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $196,493 · program services $196,493

  • 5 · Compensation of officers, directors and key employees

    total $85,889 · program services $25,766 · management and general $34,356 · fundraising $25,767

  • 10 · Payroll taxes

    total $6,570 · program services $1,971 · management and general $2,628 · fundraising $1,971

  • 11c · Fees: accounting

    total $5,895 · management and general $5,895

  • 11f · Fees: investment management

    total $33,433 · management and general $33,433

  • 11g · Fees: other

    total $1,516 · program services $758 · fundraising $758

  • 12 · Advertising and promotion

    total $960 · program services $288 · management and general $384 · fundraising $288

  • 13 · Office expenses

    total $13,115 · program services $1,313 · management and general $9,835 · fundraising $1,967

  • 17 · Travel

    total $42 · management and general $21 · fundraising $21

  • 23 · Insurance

    total $1,847 · management and general $1,847

  • 24a · Other expenses: MISCELLANEOUS

    total $2,106 · management and general $525 · fundraising $1,581

  • 24b · Other expenses: SPECIAL EVENTS

    total $1,937 · management and general $968 · fundraising $969

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $167,455 · end of year $392,685

  • 2 · Savings and temporary cash investments

    beginning of year $346,408 · end of year $190,913

  • 4 · Accounts receivable

    beginning of year $10,562 · end of year $5,036

  • 12 · Investments: other securities

    beginning of year $5,521,421 · end of year $7,380,746

  • 17 · Accounts payable and accrued expenses

    beginning of year $107,986 · end of year $193,280

  • 25 · Other liabilities

    beginning of year $2,365 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,126,357 · end of year $1,326,305

  • 28 · Net assets with donor restrictions

    beginning of year $4,809,138 · end of year $6,449,795

Mission and programs · 2024

Mission

MISSION - THE MISSION OF THE DURHAM LIBRARY FOUNDATION IS TO PROVIDE A MARGIN OF EXCELLENCE FOR DURHAM COUNTY LIBRARY. WE BRIDGE THE GAP BETWEEN COUNTY FUNDING AND NEED THROUGH INVESTMENT MANAGEMENT AND RESOURCE DEVELOPMENT, INCLUDING ANNUAL GIVING.

Activities or mission (Part I)

THE FOUNDATION ENHANCES COUNTY FUNDING OF PUBLIC LIBRARY SERVICES AND FACILITIES IN DURHAM COUNTY, NORTH CAROLINA BY SECURING, MAINTAINING, AND EXPENDING OR DONATING TO THE COUNTY LIBRARY SYSTEM FOR ITS EXPENDITURE, RESOURCES FROM OTHER SOURCES, BOTH PUBLIC AND PRIVATE. THE OBJECTIVE IS TO PROVIDE A MARGIN OF EXCELLENCE, BEYOND THAT ATTAINABLE FROM COUNTY FUNDING ALONE, FOR THE COUNTY LIBRARY SYSTEM IN ITS SERVICES TO ITS PUBLIC.

  • PROGRAMS - THE FOUNDATION ENABLES THE LIBRARY STAFF TO MEET THE NEEDS OF THE DIVERSE COMMUNITY THROUGH INNOVATIVE PROGRAMS AND PROJECTS WITH A MIXTURE OF ENDOWMENT FUNDS WITH SPECIFIC PURPOSES AND THE UNRESTRICTED FUNDS IN ITS PORTFOLIO. SPANISH LANGUAGE CLASSES WERE SUPPORTED BY AN ENDOWMENT FOCUSED ON OUTREACH. ONE OF THE LONG-STANDING PROGRAMS FUNDED BY UNRESTRICTED DOLLARS IS THE DIGGING DURHAM SEED LIBRARY, WHICH IS A FREE SEED LIBRARY AND GARDENING RESOURCES FOR DURHAM COMMUNITY MEMBERS.

    Expenses $53,317 · Grants $46,235

  • ADULT HUMANITIES - THE FOUNDATION'S HISTORY BEGAN WITH STRONG SUPPORT FROM THE NATIONAL ENDOWMENT FOR HUMANITIES AND LOCAL CONTRIBUTIONS IN 2007. SINCE THEN, HUNDREDS OF PRESENTATIONS HAVE FEATURED INTERNATIONAL, NATIONAL, AND LOCAL EXPERTS OF SUBJECTS INCLUDING THE ARTS, MUSIC, LOCAL HISTORY, RELIGION, LITERATURE, AND CULTURE. PROGRAMS ARE OFTEN DEVELOPED IN PARTNERSHIP WITH OUR MANY LOCAL ARTS AND HUMANITIES ORGANIZATIONS, NONPROFITS, AND INSTITUTIONS. ONE OF THE LARGEST PROGRAMS IS THE ANNUAL WEEK-LONG LIBRARY FEST, WHICH HAD RECORD-BREAKING ATTENDANCE OF 2,030 COMMUNITY MEMBERS AND HIGHLIGHTED THE STATE OF NORTH CAROLINA AND ITS PEOPLE IN 2025.

    Expenses $130,356 · Grants $113,042

  • CHILDREN'S LITERACY - SUPPORT FOR CHILDREN'S AND YOUTH LITERACY INCLUDES VARIOUS PROGRAMS AND COLLECTIONS DEVELOPMENT. FOR EXAMPLE, SUMMER READING IS AN ANNUAL PROGRAM THAT RECEIVES SUBSTANTIAL FUNDING IN 2025, 13,482 CHILDREN AND TEENS ATTENDED THE SUMMER READING PROGRAMS. A BOOST FOR BOOK BABIES ENGAGES PARENTS AND CAREGIVERS TO ENABLE CHILDREN'S LITERACY AT HOME. LIBRARY FEST ALSO INCLUDES CHILDREN AND YOUTH PROGRAMMING.

    Expenses $42,916 · Grants $37,216

As filed on the 2024 return.

Listed in Part VII

  • ARTHUR ROGERS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • LIZ GUSTAFSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • JUDITH RUDERMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • SAM NICHOLS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JOHN BOWMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARL BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIA BARNES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBIN EMMOMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE KEIR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSH CROWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATE MEDLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DESIREE PALMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GLORIA QUICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARL NEWMAN

    BOARD OF TRUSTEES REPRESEN

    Total calculated
    $0
    Hours/week
    1

  • ANGELA ZOLTNERS

    FRIENDS REPRESENTATION

    Total calculated
    $0
    Hours/week
    1

  • TOM HADZOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE PIKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN WELLS

    EXECUTIVE DIRECTOR

    Total calculated
    $63,617
    From this org
    $63,617
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • KARA NUNNALLY

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    30

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

Provenance

Return type
form_990
Tax year
2024
Filed
19 February 2026
IRS schema version
2024v5.5
Source object
202630549349300608

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