Totals
- Total revenue
- $1,126,142
- Total expenses
- $1,256,827
- Contributions and grants received
- $373,195
- Grants paid
- $0
- Program service revenue
- $19,221
- Investment income
- $707,820
- Other revenue
- $25,906
- Total assets, end of year
- $12,423,337
- Total liabilities, end of year
- $23,244
- Net assets or fund balances, end of year
- $12,400,093
- Program services expenses (Part IX)
- $877,530
- Management and general expenses
- $205,032
- Fundraising expenses
- $174,265
- Program service expenses (Part III)
- $877,530
Program services were 69.8% 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.
-
1e · Government grants (contributions)
$210,845
-
1f · All other contributions, gifts and grants
$162,350
-
1g · Noncash contributions included above
$18,478
-
2a · Program service revenue: SERVICE FEES
total $19,221 · related or exempt $19,221
-
3 · Investment income
total $492,758 · excluded $492,758
-
7a · Gross sales of assets other than inventory
securities $3,264,608
-
7b · Less cost or other basis and sales expenses
securities $3,049,546
-
7c · Gain or loss
securities $215,062
-
7d · Net gain or loss
total $215,062 · related or exempt $215,062
-
8a · Fundraising events: gross income
$50,490
-
8b · Fundraising events: direct expenses
$24,584
-
8c · Net income from fundraising events
total $25,906 · excluded $25,906
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $117,389 · program services $38,738 · management and general $21,130 · fundraising $57,521
-
7 · Other salaries and wages
total $110,378 · program services $36,212 · management and general $19,280 · fundraising $54,886
-
9 · Other employee benefits
total $33,712 · program services $11,149 · management and general $5,971 · fundraising $16,592
-
10 · Payroll taxes
total $18,326 · program services $6,106 · management and general $3,267 · fundraising $8,953
-
11f · Fees: investment management
total $65,800 · program services $65,800
-
11g · Fees: other
total $4,348 · program services $854 · management and general $2,640 · fundraising $854
-
12 · Advertising and promotion
total $15,999 · program services $554 · management and general $8,422 · fundraising $7,023
-
13 · Office expenses
total $150,545 · program services $145,808 · management and general $4,737
-
17 · Travel
total $14,747 · program services $11,343 · management and general $3,404
-
23 · Insurance
total $2,948 · management and general $2,948
-
24a · Other expenses: PROFESSIONAL FEES
total $223,562 · program services $131,035 · management and general $92,527
-
24b · Other expenses: FURNITURE AND EQUIPMENT
total $160,995 · program services $160,995
-
24c · Other expenses: CLASSES AND PRESENTATIO
total $95,981 · program services $95,981
-
24d · Other expenses: SOFTWARE
total $60,884 · program services $47,068 · management and general $13,816
-
24e · All other expenses
total $181,213 · program services $125,887 · management and general $26,890 · fundraising $28,436
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $140,060 · end of year $140,818
-
2 · Savings and temporary cash investments
beginning of year $2,446,457 · end of year $2,667,613
-
3 · Pledges and grants receivable
beginning of year $43,003 · end of year $147,848
-
4 · Accounts receivable
end of year $23,506
-
9 · Prepaid expenses and deferred charges
beginning of year $1,056 · end of year $417
-
12 · Investments: other securities
beginning of year $9,506,991 · end of year $9,358,211
-
15 · Other assets
beginning of year $76,065 · end of year $84,924
-
17 · Accounts payable and accrued expenses
beginning of year $77,583 · end of year $23,244
-
27 · Net assets without donor restrictions
beginning of year $2,805,538 · end of year $2,276,610
-
28 · Net assets with donor restrictions
beginning of year $9,330,511 · end of year $10,123,483
Mission and programs · 2023
Mission
MEMPHIS LIBRARY FOUNDATION TRANSFORMS MEMPHIS THROUGH KNOWLEDGE AND EXPERIENCES BY RAISING AWARENESS AND FUNDS FOR THE MEMPHIS PUBLIC LIBRARIES.
Activities or mission (Part I)
MEMPHIS LIBRARY FOUNDATION TRANSFORMS MEMPHIS THROUGH KNOWLEDGE AND EXPERIENCE BY RAISING AWARENESS AND FUNDS FOR THE MEMPHIS PUBLIC LIBRARIES.
-
THE MEMPHIS LIBRARY FOUNDATION PROVIDED ENHANCEMENTS TO THE COLLECTIONS OF THE MEMPHIS PUBLIC LIBRARY.
Expenses $35,541
-
THE MEMPHIS LIBRARY FOUNDATION PROVIDED FUNDING FOR VARIOUS SPECIAL PROJECTS AND EDUCATIONAL PROGRAMS THAT ARE HELPING THE LIBRARY'S CUSTOMERS CONNECT, LEARN, AND GROW.
Expenses $841,989 · Revenue $234,283
As filed on the 2023 return.
Listed in Part VII
-
CHRISTINE WEINREICH
EXECUTIVE DIRECTOR
- Total calculated
- $117,389
- From this org
- $117,389
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
LAWSON ARNEY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
GERRE CURRIE
VICE-CHAIR/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
JONATHAN LINDSEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
CHRISTINE MUNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
HEATHER GROSVENOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SEAN NORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JACK A BELZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
REV LEONARD PERKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ALEJANDRO PAREDES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JODY SHUTZBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
HERMAN MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JULIETTE PAUL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER CAMPBELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARIA FUHRMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN A LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TORIA BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CALVETTA MATHIS
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510509349300831
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