Friends Of Lakewood Library in Lakewood, Washington (WA)

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Friends Of Lakewood Library
Employer Identification Number (EIN)910656325
Name of OrganizationFriends Of Lakewood Library
AddressPO BOX 98374, Lakewood, WA 98496-8374
ActivitiesOther cultural or historical activities
SubsectionCharitable Organization
Ruling Date06/1961
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$40,872
Amount of Income$51,553
Form 990 Revenue Amount$51,553
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities:


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Amount of income in 2014: $51,553 (it was $50,184 in 2013)
This organization: 

 $51,553
Other organizations performing similar types of work: 

 $128,148

Assets in 2014: $40,872 (it was $42,527 in 2013)
This organization: 

 $40,872
Other organizations performing similar types of work: 

 $394,149

Expenses in 2013: $49,434
This organization: 

 $49,434
Other organizations performing similar types of work: 

 $79,419

Income to expenses ratio in 2013: 1.0
Friends Of Lakewood Library: 

 1.0
Other organizations performing similar types of work: 

 1.3

Grants share in income in 2013: 19.7%
This organization: 

 19.7%
Other organizations performing similar types of work: 

 32.4%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$49,360$48,693$50,184
Contributions, gifts, grants, and similar amounts received$1,752$1,683$9,862
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$7,385$6,660$0
Investment income$213$118$56
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$40,010$40,232$40,266
Gross sales of inventory, less returns and allowances$40,010$40,232$40,266
Less: cost of goods sold$0$0$0
Other revenue$0$0$0
Total expenses$34,707$51,585$49,434
Total net assets$43,174$40,282$41,032
Excess/Deficit for the year$14,653$-2,892$750
Net assets or fund balances at beginning of year$28,521$43,174$40,282
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$40,282$41,032
Balance Sheets
201120122013
Total assets$44,573$42,182$42,527
Total liabilities$1,399$1,900$1,495
Net assets or fund balances$43,174$40,282$41,032
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$244,228
Subtotal Support$244,228
Gifts, grants, contributions, and membership fees received$244,228
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$245,344
Public Support$244,228
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,116
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$56
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Robert Charles Bunn Seattle Public Library Fund Sea-First Natl Bk TtePO BOX 831041, Dallas, TX 75283-1041TX1976-03$16,747,872
2Stark County District Library715 Market Ave N, Canton, OH 44702-1018OH1953-02$14,216,684
3Friends And Foundation Of The Rochester Public Library115 South Ave, Rochester, NY 14604-1817NY1989-07$9,068,556
4Trustees Of The Haverhill Public Library99 Main St, Haverhill, MA 01830-5044MA1973-02$6,899,602
5King County Library System Foundation960 Newport Way Nw, Issaquah, WA 98027-2702WA1995-05$2,586,323
6Sacramento Public Library Foundation828 I St, Sacramento, CA 95814-2508CA1992-03$1,629,530
7Millbrook Free Library TrPO BOX 1447, Millbrook, NY 12545-1447NY1982-10$1,475,224
8Talbot County Free Library Association Incorporated100 W Dover St, Easton, MD 21601-2620MD1975-11$1,361,885
9Wellesley Free Library Centennial Fund530 Washington St, Wellesley, MA 02482-5916MA1984-07$855,276
10Shelter Island Public LibraryPO BOX 2016, Shelter Is, NY 11964-2016NY1962-09$818,285
11Friends Of The Seattle Public Library1000 4th Ave, Seattle, WA 98104-1109WA1942-04$558,597
12Tiffin Seneca Library Foundation77 Jefferson St, Tiffin, OH 44883-2339OH1992-07$212,153
13Rockbridge Regional Library Foundation138 S Main St, Lexington, VA 24450-2316VA1992-12$194,201
14Taneyhills Library Club400 S 4th Street, Branson, MO 65616MO1975-10$179,949
15South Dakota Library Association28363 472nd Ave, Worthing, SD 57077-5722SD1984-04$174,257
16Salem Public Library Memorial Fund Association821 E State St, Salem, OH 44460-2223OH1958-12$165,439
17Thousand Oaks Library Foundation1401 E Janss Rd, Thousand Oaks, CA 91362-2134CA1983-10$158,768
18Friends Of Lakewood LibraryPO BOX 98374, Lakewood, WA 98496-8374WA1961-06$51,553
19Glacier Library Association, Glacier Community LibraryPO BOX 5150, Glacier, WA 98244-5150WA1993-09$0
20Kingston Friends Of The LibraryPo Box 519, Kingston, WA 98346WA1996-08$0
Number of organizations performing similar types of work
Alaska1
Alabama2
Arkansas4
Arizona2
California33
Colorado2
Connecticut3
Delaware1
Florida21
Georgia9
Iowa6
Idaho1
Illinois4
Indiana1
Kansas2
Kentucky5
Louisiana1
Massachusetts13
Maryland3
Maine3
Michigan19
Minnesota4
Missouri7
Mississippi1
Montana3
North Carolina5
North Dakota1
Nebraska2
New Hampshire2
New Jersey10
New Mexico1
New York13
Ohio16
Oklahoma2
Oregon7
Pennsylvania13
Rhode Island1
South Carolina5
South Dakota1
Tennessee8
Texas24
Utah1
Virginia10
Washington5
Wisconsin7
West Virginia1
Wyoming2
Total288

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