Foundation Annual Report

Letter from the Foundation Board President and Executive Director

The Library Foundation was thrilled to watch our Library be one of 30 finalists for this year’s National Medal for Museum and Library Service. Our library is rated in the top 30, out of thousands of institutions nationwide. This is national recognition for the outstanding staff and programs such as the Rochester Reading Champions and the Hotspot Program. These two programs serve our youth and citizens with literacy programming and the ability to have internet connectivity which enables learning and workforce development. The Foundation Board agreed to be a major funder for the RPL Hotspot program to enable people to apply for jobs, do homework, and connect with family and world-wide opportunities. The Foundation is proud to be part of the funding streams to support these programs and many others during 2016 and 2017.

With your help, the Foundation will continue to raise funds for educational and informational resources and projects in a manner that does not diminish the need for strong public funding. We will also work alongside you, our supporters, to educate the community and policy makers about the Library’s role in meeting community needs, as the Library strengthens their vision to be a place where aspirations, ideas and knowledge converge.

Martha McClees
Foundation Board, President
Corporate & Foundation Relations
Department of Development, Mayo Clinic 
Vicki Allen
Executive Director,
Rochester Public Library Foundation
vallen@rochester.lib.mn.us 



RPL Foundation 2016 Annual Report

Rochester Public Library Foundation Statement of Financial Position

Current Assets      2016 2015 
     
Bank Accounts    
 US Bank Brokerage Account  $10,004
 US Bank Checking 47,355  54,130
 Total Current Assets $47.335  $65,134
     
Fixed Assets    
 Furniture & Equipment  1,898   1,898
 Leasehold Improvements   11,275   11,275
   Total Fixed Assets   13,173   13,173
 Less: Accumulated Depreciation 2,462   1,898
  Total Fixed Assets   10,711  11,275
     
Other Assets 2,377,330   2,248,608
 Investment Portfolio  9,434   3,464
 Accrued Interest     
   Total Other Assets   2,386,765   2,252,073
   
Total Assets       $2,444,811  $2,327,482
     
Equity    
 Perm. Restricted Net Assets 2,191,399   2,191,399
 Unrestricted Net Assets  136,519    229,936
 Net Revenue  116,893  (93,853)
     
Total Equity $2,444,811  $2,327,482 

 

*Unaudited numbers   

  Printable 2016 Annual Report (PDF)

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