FRIENDS OF WILLIAMSBURG REGIONAL LIBRARY FOUNDATION

EIN: 541639135 501(c)(3) Philanthropy & Grantmaking

WILLIAMSBURG, VA

Total Revenue
$616,154
Total Expenses
$654,290
Total Assets
$4,476,010
Net Assets
$4,476,010
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
VA
Principal Officer
MICHAEL WESTFALL
Tax Period
2025-01-01 to 2025-12-31

FRIENDS OF WILLIAMSBURG REGIONAL LIBRARY FOUNDATION, founded in 1992, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $344K in total revenue in fiscal year 2018. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $410K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO ENRICH THE PROGRAMS AND SERVICES OF THE WILLIAMSBURG REGIONAL LIBRARY BY SEEKING FINANCIAL CONTRIBUTIONS FROM CORPORATE, FOUNDATIONS, AND PRIVATE SOURCES.

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Trantor Score

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $355,836
Program Service Revenue $139,103
Investment Income $121,215
Other Revenue $0
TOTAL REVENUE $616,154

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $645,790
Other Expenses $654,290
TOTAL EXPENSES $654,290

Year-over-Year Comparison

2025 2024 Change
Revenue $616,154 $587,762 +0.0%
Expenses $654,290 $301,562 +1.2%
Net Income $-38,136 $286,200 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
92

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
3
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOAN ALSOP BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA BEACH BOARD MEMBER 1.00
Director
$0 $0 $0
GRETCHEN BEDELL BOARD MEMBER 1.00
Director
$0 $0 $0
TONYA BOONE BOARD MEMBER 1.00
Director
$0 $0 $0
RANDY CASEY-RUTLAND PRESIDENT 1.00
Officer Director
$0 $0 $0
CLAUDIA FRANTZ BOARD MEMBER 1.00
Director
$0 $0 $0
LAWRENCE GHOLSON BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN GORDON BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL HENDRICKS BOARD MEMBER 1.00
Director
$0 $0 $0
JAN LESLIE BOARD MEMBER 1.00
Director
$0 $0 $0
CARL LOUNSBURY VICE PRESIDE 1.00
Officer Director
$0 $0 $0
SANDRA MENAQUALE BOARD MEMBER 1.00
Director
$0 $0 $0
MEGAN RHYNE BOARD MEMBER 1.00
Director
$0 $0 $0
MARGARET STEEL BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY SULLIVAN BOARD MEMBER 1.00
Director
$0 $0 $0
PHYLLIS TERRELL BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL WESTFALL TREASURER 1.00
Officer Director
$0 $0 $0
PAT VAN ZANDT 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 $616,154 $654,290 $4,476,010 $-38,136
2024 $587,762 $301,562 $4,251,208 $286,200
2023 $419,360 $363,540 $3,757,886 $55,820
2022 $402,493 $300,739 $3,471,190 $101,754
2021 $370,147 $267,495 $3,845,008 $102,652
2020 $347,318 $319,863 $3,321,497 $27,455
2019 $513,653 $380,586 $3,260,547 $133,067
2018 $343,643 $409,970 $2,758,985 $-66,327
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