Danville Library Foundation

Overview

The Danville Library Foundation is a nonprofit organization dedicated to supporting and enhancing the services and collections of a public library. It operates under the Employer Identification Number (EIN) 371266099. The primary goal of the foundation is to benefit the community by raising, managing, and distributing funds to improve library services.

Mission and Activities

The foundation's mission is to enhance the services and collections of the library, thereby benefiting the community. It achieves this through fundraising efforts and grant distributions, ensuring that the library remains a vibrant educational resource for local residents.

Financial Overview

As of 2023, the Danville Library Foundation reported a revenue of approximately $279,000 and expenses totaling about $234,000. The foundation maintains substantial assets, valued at approximately $5.76 million, with liabilities of around $17,700[1].

In its financial operations, the foundation derives revenue from various sources, including contributions and investment income. For fiscal years prior to 2023, contributions and investment income were significant components of its revenue[1].

Governance and Leadership

Information about the current board of directors or leadership is not detailed in the available data. However, the governance structure typically involves a board of directors that oversees strategic decisions and ensures the foundation operates in alignment with its mission.

Tax Status

Donations to the Danville Library Foundation are tax deductible, as it is designated as a charitable organization under U.S. tax laws. This status enables donors to claim deductions for their contributions, supporting the foundation's continued financial stability and ability to fulfill its mission.

[1] https://projects.propublica.org/nonprofits/organizations/371266099 [2] https://www.guidestar.org/profile/68-0264676 [3] https://www.guidestar.org/profile/37-1266099 [4] https://www.causeiq.com/organizations/danville-library-foundation,371266099/ [5] https://www.instrumentl.com/990-report/danville-library-foundation-db366700-8c87-40bf-9dfd-e9ec04a51530