GOLD2023

MONTCLAIR FREE PUBLIC LIBRARY FOUNDATION INC

aka Montclair Public Library Foundation   |   Montclair, NJ   |  www.montclairplf.org
GuideStar Charity Check

MONTCLAIR FREE PUBLIC LIBRARY FOUNDATION INC

EIN: 82-0558746


Mission

The Montclair Public Library Foundation is a 501 (c)(3) non-profit organization that develops philanthropic support for the Montclair Public Library. Established in 2002, the Montclair Public Library Foundation strives to increase funding for Library programs, collection enhancement, staff development, special projects and other critical needs that exceed municipal funding. Through the development of new financial resources, the Montclair Public Library Foundation seeks to ensure that the Library meets the needs of its diverse community and maintains its stature as one of the foremost libraries in the State of New Jersey.

Ruling year info

2003

Executive Director

Mary Packer

Main address

50 South Fullerton Avenue

Montclair, NJ 07042 USA

Show more contact info

EIN

82-0558746

Subject area info

Arts and culture

Public libraries

Population served info

Children and youth

Seniors

Unemployed people

Retired people

Students

NTEE code info

Single Organization Support (A11)

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

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?

Children's Summer Reading Club Program

Provide funding for performances and summer reading club program for children and teens.

Population(s) Served
Children and youth

Provides internet access to students who do not have access to the technology at home

Population(s) Served
Children and youth

Delivers Library materials weekly to those who are unable to visit the library due to health, mobility, or other issues.

Population(s) Served
Seniors

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our Vision is
- To enhance and expand the library's role as a center of learning, cultural enrichment, and community interaction. The Foundation provides an additional source of funds to supplement, not replace, public funding.
- To champion free and equitable access to information, resources, and opportunities for all people.
- To ensure the future of our library as a robust center of literacy, economic opportunity, life-long learning, discovery, and community life.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization collecting feedback from the people you serve?

    Electronic surveys (by email, tablet, etc.), Focus groups or interviews (by phone or in person), Community meetings/Town halls, Suggestion box/email,

  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To inform the development of new programs/projects, To strengthen relationships with the people we serve,

  • With whom is the organization sharing feedback?

    Our staff, Our board, Our funders, Our community partners,

  • Which of the following feedback practices does your organization routinely carry out?

    We take steps to ensure people feel comfortable being honest with us, We engage the people who provide feedback in looking for ways we can improve in response,

  • What challenges does the organization face when collecting feedback?

    We don’t have the right technology to collect and aggregate feedback efficiently, Staff find it hard to prioritize feedback collection and review due to lack of time,

Financials

MONTCLAIR FREE PUBLIC LIBRARY FOUNDATION INC
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 2020 info

SOURCE: IRS Form 990

0.00

Average of 6.67 over 10 years

Months of cash in 2020 info

SOURCE: IRS Form 990

54.9

Average of 26.3 over 10 years

Fringe rate in 2020 info

SOURCE: IRS Form 990

0%

Average of 8% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

Source: IRS Form 990 info

MONTCLAIR FREE PUBLIC LIBRARY FOUNDATION INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

Fiscal year ending: cloud_download Download Data

MONTCLAIR FREE PUBLIC LIBRARY FOUNDATION INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

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

MONTCLAIR FREE PUBLIC LIBRARY FOUNDATION INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

This snapshot of MONTCLAIR FREE PUBLIC LIBRARY FOUNDATION INC’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.

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Business model indicators

Profitability info 2016 2017 2018 2019 2020
Unrestricted surplus (deficit) before depreciation $43,817 $79,172 $149,607 $165,740 $199,739
As % of expenses 19.1% 33.0% 81.5% 96.5% 96.9%
Unrestricted surplus (deficit) after depreciation $43,817 $79,172 $149,607 $165,740 $199,739
As % of expenses 19.1% 33.0% 81.5% 96.5% 96.9%
Revenue composition info
Total revenue (unrestricted & restricted) $276,647 $281,623 $392,174 $215,872 $352,380
Total revenue, % change over prior year -8.5% 1.8% 39.3% -45.0% 63.2%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 1.1% 1.5% 1.4% 2.8% 1.7%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 98.9% 98.5% 98.6% 97.2% 98.3%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $229,567 $239,759 $183,565 $171,772 $206,178
Total expenses, % change over prior year -24.5% 4.4% -23.4% -6.4% 20.0%
Personnel 30.5% 25.5% 11.9% 0.0% 0.0%
Professional fees 1.8% 2.3% 2.8% 10.0% 2.7%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 39.3% 44.2% 39.0% 51.8% 88.1%
All other expenses 28.4% 27.9% 46.4% 38.1% 9.3%
Full cost components (estimated) info 2016 2017 2018 2019 2020
Total expenses (after depreciation) $229,567 $239,759 $183,565 $171,772 $206,178
One month of savings $19,131 $19,980 $15,297 $14,314 $17,182
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $248,698 $259,739 $198,862 $186,086 $223,360

Capital structure indicators

Liquidity info 2016 2017 2018 2019 2020
Months of cash 19.8 22.4 41.0 51.9 54.9
Months of cash and investments 19.8 22.4 41.0 51.9 54.9
Months of estimated liquid unrestricted net assets 18.2 21.4 37.7 51.9 54.9
Balance sheet composition info 2016 2017 2018 2019 2020
Cash $378,277 $448,199 $626,973 $742,713 $942,452
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 3.6% 3.1% 0.0% 0.0% 0.0%
Unrestricted net assets $348,194 $427,366 $576,973 $742,713 $942,452
Temporarily restricted net assets $16,400 $7,150 $50,000 N/A N/A
Permanently restricted net assets $0 $0 $0 N/A N/A
Total restricted net assets $16,400 $7,150 $50,000 $0 $0
Total net assets $364,594 $434,516 $626,973 $742,713 $942,452

Key data checks

Key data checks info 2016 2017 2018 2019 2020
Material data errors No No No No No

Operations

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

Documents
Form 1023/1024 is not available for this organization

Executive Director

Mary Packer

Number of employees

Source: IRS Form 990

MONTCLAIR FREE PUBLIC LIBRARY FOUNDATION INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

MONTCLAIR FREE PUBLIC LIBRARY FOUNDATION INC

Board of directors
as of 01/19/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Gina Chung Fortt

Gina Fortt

Reading Specialist

Irena Goldstein

Paul Hastings LLP

Emily Hagen

MSCI

Jared Miller

Citadel

Susan Mellin

John Simon Guggenheim Memorial Foundation

Tim O'Brien

Hackensack Meridian Health Mountainside Medical Center

Jennifer Philips

Book Artist

Robert Tortoriello

Cleary Gottlieb Steen & Hamilton LLP

Sheila Boyd

Disney/ABC News Digital

Aman D'Mello

CASA for Children of Essex County

Rosemary Iversen

Montclair Holdings

Marni Jessup

Watchung Books

Seo Hee Koh

New York University

Max Tourtelot

FINRA

Erica Barrett

Teacher

Jason Tanz

Apple News

Heather Moore

Meta, Inc.

Kishore Krishnan

Mizuho Bank

Dagmara Dominczyk

Actress

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 11/7/2022

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Gay, Lesbian, Bisexual, or other sexual orientations in the LGBTQIA+ community
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

Disability

Equity strategies

Last updated: 10/29/2020

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.