PRINCE GEORGE'S COUNTY MEMORIAL LIBRARY SYSTEM FOUNDATION INC

EIN: 471717681 501(c)(3) Education

LARGO, MD

Total Revenue
$223,035
Total Expenses
$1,914,538
Total Assets
$1,451,291
Net Assets
$1,382,828
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MD
Principal Officer
VERNON WARE
Phone
3016993500
Tax Period
2023-07-01 to 2024-06-30

PRINCE GEORGE'S COUNTY MEMORIAL LIBRARY SYSTEM FOUNDATION INC, founded in 2014, is a small nonprofit in the Education sector that reported $223K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 758% operating deficit.

Mission

TO PROVIDE CRITICAL PHILANTHROPIC SUPPORT TO THE PRINCE GEORGE'S COUNTY MEMORIAL LIBRARY SYSTEM AND TO HELP STRENGTHEN THE LIBRARY'S CAPACITY TO INNOVATE, ADAPT TO CHANGE, AND ENSURE OUR LIBRARIES REMAIN A VITAL RESOURCE FOR ALL IN PRINCE GEORGE'S COUNTY NOW AND IN THE FUTURE.

Program Service Accomplishments

Program 1

PULL UP FUND COMMONS- WITH SUPPORT FROM THE PULL UP FUND COMMONS GRANT, PGCMLS FOUNDATION COMPLETED DESIGN AND PRECONSTRUCTION WORK FOR THE FIVE NEW COMMONS LABS AT BELTSVILLE, BLADENSBURG, FAIRMONT...

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PULL UP FUND COMMONS- WITH SUPPORT FROM THE PULL UP FUND COMMONS GRANT, PGCMLS FOUNDATION COMPLETED DESIGN AND PRECONSTRUCTION WORK FOR THE FIVE NEW COMMONS LABS AT BELTSVILLE, BLADENSBURG, FAIRMONT HEIGHTS, LARGO KETTERING, AND OXON HILL BRANCH LIBRARIES. THE GRANT SUPPORTED A PARTTIME STAFF MEMBER, COMMONS PROGRAM ASSOCIATE, AND PEER MENTOR INTERNS WHO SUPPORTED COMMONS PROGRAM PILOTS AT BRANCHES AND ONLINE. THE GRANT ALSO SUPPORTED PROGRAM SUPPLIES AND COLLECTIONS RESOURCES PERTAINING TO THE THEMES OF THE COMMONS: CAREER SERVICES, SMALL BUSINESS/ENTREPRENEURSHIP, SOCIAL JUSTICE EDUCATION, CREATIVE PRODUCTION, AND MUSIC AND MEDIA PRODUCTION. THE GRANT ALSO SUPPORTED FIVE WEEKLONG SOCIAL JUSTICE CAMPS FOR TEENAGERS. IN FY 23 157,037 WAS SPENT ON THE COMMONS PROJECTS, PRIMARILY ON THE REAL LAB VIA THE FAIRMOUNT HEIGHTS BRANCH.

Program 2

BRANCH PROGRAMMING: 128,236 WAS SPENT ON PROGRAMMING ACTIVITIES ASSOCIATES WITH PROJECTS THAT WILL BE HOUSED AT THE DREAM LAB, LIFE LAB, SOCIAL EQUITY COMMONS, FOUNDRY AND E-STUDIO.

Program 3

THE PGCMLS FOUNDATION SUPPORTED ESTABLISHING A NEW OUTREACH PARTNERSHIP WITH UNIVERSITY OF MARYLAND CAPITAL REGION MEDICAL CENTER TO PROVIDE DIRECT ACCESS TO BOOKS FROM BIRTH REGISTRATION IN THE...

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THE PGCMLS FOUNDATION SUPPORTED ESTABLISHING A NEW OUTREACH PARTNERSHIP WITH UNIVERSITY OF MARYLAND CAPITAL REGION MEDICAL CENTER TO PROVIDE DIRECT ACCESS TO BOOKS FROM BIRTH REGISTRATION IN THE PERINATAL WARD. BOOKS FROM BIRTH IS A PARTNERSHIP WITH THE DOLLY PARTON IMAGINATION LIBRARY THAT PROVIDES A FREE BOOK TO CHILDREN EACH MONTH IN THE MAIL UP TO THEIR FIFTH BIRTHDAY. IT IS PRINCE GEORGE'S COUNTY'S PRIMARY EARLY LITERACY INITIATIVE. BOOKS FROM BIRTH REGISTRATION BUNDLES ARE PROVIDED TO ALL FAMILIES WHO REGISTER FOR BOOKS FROM BIRTH PRIOR TO OUT-PROCESSING FROM GIVING BIRTH. THE BUNDLES INCLUDE A STARTER BOOK, AGE-APPROPRIATE TOY PARENTS CAN USE TO SUPPORT EARLY LITERACY EDUCATION, AND INSTRUCTIONAL MATERIALS ABOUT THE TEACHING NEWBORNS LITERACY SKILLS. THIS OUTREACH INITIATIVE HAS RESULTED IN A SIGNIFICANT INCREASE IN BOOKS FROM BIRTH REGISTRATIONS, WHICH NOW EXCEED 14,000 (UP FROM APPROXIMATELY 13,000 AT THE POINT OF STARTING THIS OUTREACH INITIATIVE). PGCMLS FOUNDATION IS ALSO SUPPORTING PART OF THE OVERALL BOOKS FROM BIRTH PROGRAM COSTS, APPROXIMATELY 10% OF THE OVERALL PROGRAM IMPLEMENTATION COST. IN JUNE OF 2023 THERE WERE 14,173 PARTICIPANTS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $165,324
Program Service Revenue $0
Investment Income $40,700
Other Revenue $17,011
TOTAL REVENUE $223,035

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $15,059
Program Expenses $254,614
Other Expenses $1,914,538
TOTAL EXPENSES $1,914,538

Year-over-Year Comparison

2023 2022 Change
Revenue $223,035 $766,587 -0.7%
Expenses $1,914,538 $682,932 +1.8%
Net Income $-1,691,503 $83,655 -21.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN ANADOL VICE-CHAIR 1.00
Officer Director
$0 $0 $0
DAMON AUSTIN BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD BELL BOARD MEMBER 1.00
Director
$0 $0 $0
COLIN BYRD CHAIR- END 0.10
Officer Director
$0 $0 $0
KAREN CLARK-REDDON BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA WASHINGTON DOUGLAS BOARD MEMBER 1.00
Director
$0 $0 $0
ISHRAGA ELTAHIR BOARD MEMBER 1.00
Director
$0 $0 $0
JOANNE JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
SHANNON MOUTON BOARD MEMBER 1.00
Director
$0 $0 $0
CHANTE SEDWICK BOARD MEMBER 1.00
Director
$0 $0 $0
TRACY SIMPSON CHAIR 1.00
Officer Director
$0 $0 $0
VERNON WARE TREASURER 1.00
Officer Director
$0 $0 $0
DR MARK WINSTON BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $223,035 $1,914,538 $1,451,291 $-1,691,503
2023 $766,587 $682,932 $3,143,039 $83,655
2022 $1,859,125 $272,941 $3,011,405 $1,586,184
2021 $1,426,877 $70,838 $1,412,428 $1,356,039
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