Nashville Public Library Foundation
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
| nashville public library foundation irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $5,404,129.00 | $4,291,281.00 | |
| Total Expenses | $3,541,592.00 | $4,174,526.00 | |
| Revenue Less Expenses | ($-0.00) | $1,862,537.00 | $116,755.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $0.00 | |
| Individual Contributions | $2,630,505.00 | $3,407,861.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $148,995.00 | $68,781.00 | |
| Investment Income, Net of Losses | $1,826,331.00 | $354,607.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $630,915.00 | $430,920.00 | |
| Revenue In-Kind | $167,383.00 | $29,112.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $2,465,582.00 | $3,121,287.00 | |
| Administration Expense | $395,126.00 | $368,070.00 | |
| Fundraising Expense | $680,884.00 | $685,169.00 | |
| Total Revenue/Total Expenses | 153% | 103% | |
| Program Expense/Total Expenses | 70% | 75% | |
| Fundraising Expense/Contributed Revenue | 19% | 16% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $2,630,505.00 | Contributions, Gifts and Grants $3,407,861.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Investment Income $1,826,331.00 | Fundraising Events $430,920.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $630,915.00 | Investment Income $354,607.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $18,451,200.00 | $15,230,451.00 | |
| Current Assets | $3,248,142.00 | $3,161,742.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $176,270.00 | $249,072.00 | |
| Total Net Assets | $18,274,930.00 | $14,981,379.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$7,600,000.00
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2023
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| The goal of the Nashville Public Library Foundation is to build assets to fund current and future projects and to help secure the long-term future of the Nashville Public Library. Funds are raised for multiple purposes including current programs, longer term capital projects, collection building and endowment. Funds are raised in advance of disbursement and grants are made to the library annually. |
Foundation Staff Comments
| Financial figures are taken from 990. Foundation and corporate grants may be included in Individual Contribution sum as these amounts are not separated in Form 990. Financial documents prepared by LBMC, PC. Comments provided by Nicole Rose 03/22/2022. |
