SILVER2024

www.erlfoundation.org

Paving the Path to Possibility

Erie, PA   |  https://erlfoundation.org/

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GuideStar Charity Check

www.erlfoundation.org

EIN: 25-1880191


Mission

RAISE FUNDS ESSENTIAL FOR CAPITAL IMPROVEMENTS TO AND OPERATION OF THE ERIE COUNTY PUBLIC LIBRARY; RECEIVE AND MAINTAIN FUNDS FROM WHICH THE INCOME OR A UNITRUST AMOUNT SHALL BE USED FOR THE SUPPORT OF THE EDUCATIONAL, TEACHING, RESEARCH AND SCIENTIFIC PROGRAMS OF THE ERIE COUNTY PUBLIC LIBRARY.

Ruling year info

2001

Director of Development

Patrick Miller

Board President

Mr Jim Dible

Main address

160 East Front Street

Erie, PA 16507 USA

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EIN

25-1880191

Subject area info

Education

Public libraries

Population served info

Ethnic and racial groups

Economically disadvantaged people

At-risk youth

NTEE code info

(Single Organization Support) (B11)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

The Beehive

Slide 1 of 5.
Since its inception in 2014, the Northwest Pennsylvania Innovation Beehive Network has worked to enhance business expansion and development in the Erie Area and beyond. The Beehive is made up of 6 grant- and donation-funded centers that collaborate to encourage business growth. The centers work together to form the Beehive Network, while each location operates in its own specialized area of expertise.

Erie County Public Library, Penn State Behrend, PennWest Edinboro, Gannon University, Mercyhurst University, and Allegheny College are each responsible for a specific service. By exercising the individual talents of 6 local institutions, the Innovation Beehive can offer assistance in all areas of business development. Originally launched by the Ignite Erie Grant at Penn State Behrend, the NWPA Innovation Beehive has expanded to other regional universities. Each center now includes a fully operational location and employs a mix of students, faculty and staff.

Population(s) Served

Where we work

Financials

www.erlfoundation.org
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

Average of 0.00 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

Average of 0 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

%

Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

www.erlfoundation.org

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

www.erlfoundation.org

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

www.erlfoundation.org

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of www.erlfoundation.org’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

* This organization changed its fiscal year accounting period in 2009. Please refer to its 2009 990s for more information.

Business model indicators

Profitability info 2009 *
Unrestricted surplus (deficit) before depreciation $1,591,020
As % of expenses 135.9%
Unrestricted surplus (deficit) after depreciation $1,591,020
As % of expenses 135.9%
Revenue composition info
Total revenue (unrestricted & restricted) $2,761,428
Total revenue, % change over prior year 0.0%
Program services revenue 0.0%
Membership dues 0.0%
Investment income 0.0%
Government grants 99.9%
All other grants and contributions 0.1%
Other revenue 0.0%
Expense composition info
Total expenses before depreciation $1,170,408
Total expenses, % change over prior year 0.0%
Personnel 0.0%
Professional fees 4.4%
Occupancy 0.1%
Interest 0.0%
Pass-through 0.0%
All other expenses 95.5%
Full cost components (estimated) info 2009
Total expenses (after depreciation) $1,170,408
One month of savings $97,534
Debt principal payment $0
Fixed asset additions $0
Total full costs (estimated) $1,267,942

Capital structure indicators

Liquidity info 2009
Months of cash 1.5
Months of cash and investments 1.5
Months of estimated liquid unrestricted net assets 26.6
Balance sheet composition info 2009
Cash $143,845
Investments $0
Receivables $0
Gross land, buildings, equipment (LBE) $0
Accumulated depreciation (as a % of LBE) 0.0%
Liabilities (as a % of assets) 5.9%
Unrestricted net assets $2,595,753
Temporarily restricted net assets $0
Permanently restricted net assets $0
Total restricted net assets $0
Total net assets $2,595,753

Key data checks

Key data checks info 2009
Material data errors No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Director of Development

Patrick Miller

Board President

Jim Dible

Number of employees

Source: IRS Form 990

www.erlfoundation.org

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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There are no highest paid employees recorded for this organization.

www.erlfoundation.org

Board of directors
as of 04/04/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization