Totals
- Total revenue
- $392,105
- Total expenses
- $320,688
- Contributions and grants received
- $294,651
- Grants paid
- $187,042
- Program service revenue
- $0
- Investment income
- $95,855
- Other revenue
- $1,599
- Total assets, end of year
- $5,303,800
- Total liabilities, end of year
- $4,654
- Net assets or fund balances, end of year
- $5,299,146
- Program services expenses (Part IX)
- $214,100
- Management and general expenses
- $77,439
- Fundraising expenses
- $29,149
- Program service expenses (Part III)
- $214,100
Program services were 66.8% 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
$294,651
-
1g · Noncash contributions included above
$16,538
-
3 · Investment income
total $124,529 · excluded $124,529
-
7a · Gross sales of assets other than inventory
securities $1,116,921
-
7b · Less cost or other basis and sales expenses
securities $1,145,595
-
7c · Gain or loss
securities -$28,674
-
7d · Net gain or loss
total -$28,674 · related or exempt -$28,674
-
8a · Fundraising events: gross income
$16,380
-
8b · Fundraising events: direct expenses
$14,781
-
8c · Net income from fundraising events
total $1,599 · excluded $1,599
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $187,042 · program services $187,042
-
5 · Compensation of officers, directors and key employees
total $58,984 · program services $17,695 · management and general $23,594 · fundraising $17,695
-
10 · Payroll taxes
total $4,512 · program services $1,354 · management and general $1,804 · fundraising $1,354
-
11c · Fees: accounting
total $7,060 · management and general $7,060
-
11f · Fees: investment management
total $36,958 · management and general $36,958
-
11g · Fees: other
total $9,621 · program services $4,810 · fundraising $4,811
-
12 · Advertising and promotion
total $1,477 · program services $369 · fundraising $1,108
-
13 · Office expenses
total $8,019 · program services $2,219 · management and general $3,190 · fundraising $2,610
-
17 · Travel
total $579 · program services $174 · management and general $231 · fundraising $174
-
23 · Insurance
total $2,121 · management and general $2,121
-
24a · Other expenses: MISCELLANEOUS
total $2,454 · management and general $1,057 · fundraising $1,397
-
24b · Other expenses: SPECIAL EVENTS
total $1,861 · program services $437 · management and general $1,424
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $116,553 · end of year $140,070
-
2 · Savings and temporary cash investments
beginning of year $313,912 · end of year $153,828
-
3 · Pledges and grants receivable
beginning of year $25,000 · end of year $0
-
4 · Accounts receivable
beginning of year $1,753 · end of year $1,610
-
12 · Investments: other securities
beginning of year $4,412,197 · end of year $5,008,292
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $2,377
-
25 · Other liabilities
beginning of year $2,376 · end of year $2,277
-
27 · Net assets without donor restrictions
beginning of year $851,733 · end of year $962,922
-
28 · Net assets with donor restrictions
beginning of year $4,015,306 · end of year $4,336,224
Mission and programs · 2022
Mission
MISSION - THE MISSION OF THE DURHAM LIBRARY FOUNDATION IS TO PROVIDE A MARGIN OF EXCELLENCE FOR DURHAM COUNTY LIBRARY. OUR GOAL TO CLOSE THE GAP BETWEEN NEED AND COUNTY FUNDING IS ACCOMPLISHED BY 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 SUPPORTS LIBRARY EVENTS AND SERVICES THAT FEATURE NATIONAL AND LOCAL PRESENTERS IN HUMANITIES, CHILDREN'S LITERACY, AND FUNDING FOR COLLECTIONS AND TECHNOLOGY. LIBRARY FEST, AN ANNUAL ONE-WEEK, FULL COMMUNITY CELEBRATION OF LIBRARIES, SERVED 2,000 CITIZENS IN 2023.
Expenses $71,975 · Grants $62,880
-
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. IN ADDITION, THE FOUNDATION SUPPORTS PROJECTS FROM UNRESTRICTED FUNDS WHICH ARE OUTSIDE THE PURPOSES OF ENDOWMENT FUNDS, SUCH AS DIGGING DURHAM, A SEED LIBRARY FREE FOR DURHAM CITIZENS.
Expenses $93,153 · Grants $81,379
-
CHILDREN'S LITERACY - SUPPORT FOR CHILDREN'S LITERACY INCLUDES COLLECTIONS DEVELOPMENT AND PROGRAMS. A HIGHLIGHT WAS 1000 BOOKS BEFORE KINDERGARTEN FUNDED IN PARTNERSHIP WITH THE FOREST AT DUKE, IMPORTANT FOR LOW-INCOME FAMILIES. ADDITIONALLY, SUMMER READING AND CHILDREN'S ACTIVITIES IN LIBRARY FEST RECEIVE SUBSTANTIAL FUNDING.
Expenses $48,972 · Grants $42,783
As filed on the 2022 return.
Listed in Part VII
-
ARTHUR ROGERS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
LIZ GUSTAFSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
JENNINGS BRODY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LETA LOYD
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
JOHN BOWMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SAM NICHOLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANN CRAVER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
SYLVIANNE ROBERGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KEN SOO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NORMA MARTIN
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
-
JUDITH RUDERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
WILLIS P WHICHARD
BOARD OF TRUSTEES REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
KATHY JACKSON
FRIENDS REPRESENTATION
- Total calculated
- $0
- Hours/week
- 1
-
KAREN WELLS
EXECUTIVE DIRECTOR
- Total calculated
- $60,579
- From this org
- $60,579
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
-
$187,042
LIBRARY PROGRAMS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420739349300212
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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