DURHAM LIBRARY FOUNDATION

EIN: 562189129 501(c)(3) Education

DURHAM, NC

Total Revenue
$1,607,668
Total Expenses
$349,803
Total Assets
$7,969,380
Net Assets
$7,776,100
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NC
Principal Officer
SAM NICHOLS
Phone
9195300158
Tax Period
2024-07-01 to 2025-06-30

DURHAM LIBRARY FOUNDATION, founded in 2000, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 78% operating margin.

Mission

MISSION - THE MISSION OF THE DURHAM LIBRARY FOUNDATION IS TO PROVIDE A MARGIN OF EXCELLENCE FOR DURHAM COUNTY LIBRARY. WE BRIDGE THE GAP BETWEEN COUNTY FUNDING AND NEED THROUGH INVESTMENT MANAGEMENT AND RESOURCE DEVELOPMENT, INCLUDING ANNUAL GIVING.

Program Service Accomplishments

Program 1
Expenses: $53,317

PROGRAMS - THE FOUNDATION ENABLES THE LIBRARY STAFF TO MEET THE NEEDS OF THE DIVERSE COMMUNITY THROUGH INNOVATIVE PROGRAMS AND PROJECTS WITH A MIXTURE OF ENDOWMENT FUNDS WITH SPECIFIC PURPOSES AND...

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PROGRAMS - THE FOUNDATION ENABLES THE LIBRARY STAFF TO MEET THE NEEDS OF THE DIVERSE COMMUNITY THROUGH INNOVATIVE PROGRAMS AND PROJECTS WITH A MIXTURE OF ENDOWMENT FUNDS WITH SPECIFIC PURPOSES AND THE UNRESTRICTED FUNDS IN ITS PORTFOLIO. SPANISH LANGUAGE CLASSES WERE SUPPORTED BY AN ENDOWMENT FOCUSED ON OUTREACH. ONE OF THE LONG-STANDING PROGRAMS FUNDED BY UNRESTRICTED DOLLARS IS THE DIGGING DURHAM SEED LIBRARY, WHICH IS A FREE SEED LIBRARY AND GARDENING RESOURCES FOR DURHAM COMMUNITY MEMBERS.

Program 2
Expenses: $130,356

ADULT HUMANITIES - THE FOUNDATION'S HISTORY BEGAN WITH STRONG SUPPORT FROM THE NATIONAL ENDOWMENT FOR HUMANITIES AND LOCAL CONTRIBUTIONS IN 2007. SINCE THEN, HUNDREDS OF PRESENTATIONS HAVE FEATURED...

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ADULT HUMANITIES - THE FOUNDATION'S HISTORY BEGAN WITH STRONG SUPPORT FROM THE NATIONAL ENDOWMENT FOR HUMANITIES AND LOCAL CONTRIBUTIONS IN 2007. SINCE THEN, HUNDREDS OF PRESENTATIONS HAVE FEATURED INTERNATIONAL, NATIONAL, AND LOCAL EXPERTS OF SUBJECTS INCLUDING THE ARTS, MUSIC, LOCAL HISTORY, RELIGION, LITERATURE, AND CULTURE. PROGRAMS ARE OFTEN DEVELOPED IN PARTNERSHIP WITH OUR MANY LOCAL ARTS AND HUMANITIES ORGANIZATIONS, NONPROFITS, AND INSTITUTIONS. ONE OF THE LARGEST PROGRAMS IS THE ANNUAL WEEK-LONG LIBRARY FEST, WHICH HAD RECORD-BREAKING ATTENDANCE OF 2,030 COMMUNITY MEMBERS AND HIGHLIGHTED THE STATE OF NORTH CAROLINA AND ITS PEOPLE IN 2025.

Program 3
Expenses: $42,916

CHILDREN'S LITERACY - SUPPORT FOR CHILDREN'S AND YOUTH LITERACY INCLUDES VARIOUS PROGRAMS AND COLLECTIONS DEVELOPMENT. FOR EXAMPLE, SUMMER READING IS AN ANNUAL PROGRAM THAT RECEIVES SUBSTANTIAL...

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CHILDREN'S LITERACY - SUPPORT FOR CHILDREN'S AND YOUTH LITERACY INCLUDES VARIOUS PROGRAMS AND COLLECTIONS DEVELOPMENT. FOR EXAMPLE, SUMMER READING IS AN ANNUAL PROGRAM THAT RECEIVES SUBSTANTIAL FUNDING IN 2025, 13,482 CHILDREN AND TEENS ATTENDED THE SUMMER READING PROGRAMS. A BOOST FOR BOOK BABIES ENGAGES PARENTS AND CAREGIVERS TO ENABLE CHILDREN'S LITERACY AT HOME. LIBRARY FEST ALSO INCLUDES CHILDREN AND YOUTH PROGRAMMING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,431,395
Program Service Revenue $0
Investment Income $173,187
Other Revenue $3,086
TOTAL REVENUE $1,607,668

Expense Breakdown

Grants Paid $196,493
Salaries & Benefits $92,459
Fundraising Expenses $33,322
Program Expenses $226,589
Other Expenses $60,851
TOTAL EXPENSES $349,803

Year-over-Year Comparison

2024 2023 Change
Revenue $1,607,668 $1,115,923 +0.4%
Expenses $349,803 $275,516 +0.3%
Net Income $1,257,865 $840,407 +0.5%
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
17
Independent Members
17
Employees
1
Volunteers
17

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
6
$63,617
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARTHUR ROGERS PRESIDENT 2.00
Officer Director
$0 $0 $0
LIZ GUSTAFSON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JUDITH RUDERMAN SECRETARY 2.00
Officer Director
$0 $0 $0
SAM NICHOLS TREASURER 2.00
Officer Director
$0 $0 $0
JOHN BOWMAN DIRECTOR 1.00
Director
$0 $0 $0
CARL BROWN DIRECTOR 1.00
Director
$0 $0 $0
TIA BARNES DIRECTOR 1.00
Director
$0 $0 $0
ROBIN EMMOMS DIRECTOR 1.00
Director
$0 $0 $0
STEVE KEIR DIRECTOR 1.00
Director
$0 $0 $0
JOSH CROWELL DIRECTOR 1.00
Director
$0 $0 $0
KATE MEDLEY DIRECTOR 1.00
Director
$0 $0 $0
DESIREE PALMER DIRECTOR 1.00
Director
$0 $0 $0
GLORIA QUICK DIRECTOR 1.00
Director
$0 $0 $0
CARL NEWMAN BOARD OF TRUSTEES REPRESEN 1.00
Director
$0 $0 $0
ANGELA ZOLTNERS FRIENDS REPRESENTATION 1.00
Director
$0 $0 $0
TOM HADZOR DIRECTOR 1.00
Director
$0 $0 $0
STEVE PIKE DIRECTOR 1.00
Director
$0 $0 $0
KAREN WELLS EXECUTIVE DIRECTOR 30.00
Officer
$63,617 $0 $63,617
KARA NUNNALLY INTERIM EXECUTIVE DIRECTOR 30.00
Officer
$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 $1,607,668 $349,803 $7,969,380 $1,257,865
2024 $1,115,923 $275,516 $6,045,846 $840,407
2023 $392,105 $320,688 $5,303,800 $71,417
2022 $573,432 $318,227 $4,869,415 $255,205
2021 $573,063 $352,743 $5,320,723 $220,320
2020 $904,394 $670,105 $4,166,773 $234,289
2019 $840,674 $1,041,085 $4,427,874 $-200,411
2018 $430,670 $362,593 $4,607,837 $68,077
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