Civic Intelligence

Polo Libraary Foundation Nfpn

990 • Fiscal year 2023 • EIN 20-1758093

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 31, 2023

Organization ProfileN/A
302 West MasonPolo, IL 61064

(815) 946-2777

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

12th percentile

-30%

Higher net margin than 12% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

35th percentile

-1.6%

Faster asset growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-9.2%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$792,144

Down $13,172 (-1.6%) from 2022

Net Assets

Down

$792,144

Down $13,172 (-1.6%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin12th percentile

Revenue

Down

$44,394

Down $4,476 (-9.2%) from 2022

Expenses

Down

$57,566

Down $1,572 (-2.7%) from 2022

Net Income

Down

-$13,172

Down $2,904 (-28%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $949,254Liabilities 2011: $0Net Assets 2011: $949,2542011Assets 2012: $908,416Liabilities 2012: $0Net Assets 2012: $908,4162012Assets 2013: $876,710Liabilities 2013: $0Net Assets 2013: $876,7102013Assets 2014: $930,214Liabilities 2014: $0Net Assets 2014: $930,2142014Assets 2015: $910,802Liabilities 2015: $0Net Assets 2015: $910,8022015Assets 2016: $879,144Liabilities 2016: $0Net Assets 2016: $879,1442016Assets 2017: $870,982Liabilities 2017: $0Net Assets 2017: $870,9822017Assets 2018: $844,972Liabilities 2018: $0Net Assets 2018: $844,9722018Assets 2019: $826,917Liabilities 2019: $0Net Assets 2019: $826,9172019Assets 2020: $807,997Liabilities 2020: $0Net Assets 2020: $807,9972020Assets 2021: $815,584Liabilities 2021: $0Net Assets 2021: $815,5842021Assets 2022: $805,316Liabilities 2022: $0Net Assets 2022: $805,3162022Assets 2023: $792,144Liabilities 2023: $0Net Assets 2023: $792,1442023Assets 2024: $779,785Liabilities 2024: $0Net Assets 2024: $779,7852024Assets 2025: $785,563Liabilities 2025: $0Net Assets 2025: $785,5632025

Highlighted filing

2023

Assets$792,144
Liabilities$0
Net Assets$792,144
Open 2023 Filing

Operations Trend

Revenue Growth26th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2011: $22,439Expenses 2011: $68,545Net Income 2011: -$46,1062011Expenses 2012: $65,4352012Expenses 2013: $64,6722013Revenue 2014: $107,850Expenses 2014: $54,346Net Income 2014: $53,5042014Revenue 2015: $35,312Expenses 2015: $54,724Net Income 2015: -$19,4122015Revenue 2016: $21,084Expenses 2016: $52,742Net Income 2016: -$31,6582016Revenue 2017: $49,205Expenses 2017: $57,367Net Income 2017: -$8,1622017Revenue 2018: $37,286Expenses 2018: $63,296Net Income 2018: -$26,0102018Revenue 2019: $40,488Expenses 2019: $58,543Net Income 2019: -$18,0552019Revenue 2020: $39,244Expenses 2020: $58,164Net Income 2020: -$18,9202020Revenue 2021: $66,772Expenses 2021: $59,185Net Income 2021: $7,5872021Revenue 2022: $48,870Expenses 2022: $59,138Net Income 2022: -$10,2682022Revenue 2023: $44,394Expenses 2023: $57,566Net Income 2023: -$13,1722023Revenue 2024: $46,176Expenses 2024: $58,535Net Income 2024: -$12,3592024Revenue 2025: $64,430Expenses 2025: $58,652Net Income 2025: $5,7782025

Highlighted filing

2023

Revenue$44,394
Expenses$57,566
Net Income-$13,172
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 31, 2023
Return Version
2022v5.0
Gross Receipts
$61,378
Mission and Program Overview

Mission

NONE

Public library programs and improvements

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$805,316$792,144▼ $13,172
Investments Other Securities$800,446$787,322▼ $13,124
Cash and Non-Interest-Bearing Accounts$4,870$4,822▼ $48
Total Assets$805,316$792,144▼ $13,172
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$805,316$792,144▼ $13,172
Total Liabilities and Net Assets / Fund Balance$805,316$792,144▼ $13,172

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$787,322--
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Paul MitchellPresident
Jan BatesTrustee
Margaret TyneTrustee
Nancy TegelerTrustee
Pam WhiteSecretary
Ryan ShetlerTreasurer
Greg CrossVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$44,394
Other Revenue
$0
Change in Net Assets
$-13,172

Audited Revenue Reconciliation

Revenue per Audited Statements
$44,394
Total Revenue per Audited Statements
$44,394
Total Revenue per Form 990
$44,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$57,566
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$49,000--$49,000
Fees for Service Investment Mgmnt Fees-$7,788-$7,788
Office Expenses-$643-$643
Fees for Services Other-$135-$135
Total Functional Expenses$49,000$8,566$0$57,566

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$57,566
Total Expenses per Audited Statements$57,566
Total Expenses per Form 990$57,566
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

“There are no individual committees at the present time. It is however stated in the bylaws that committees can be established if needed. .”

Form 990, Page 6, Part VI, Line 11B

“The president and treasurer will review the 990 before it is filed.”

Form 990, Page 6, Part VI, Line 19

“All records are held at the library and are available for the public to review upon request.”

Filing and Contact Details

Filer

Filer Name
Polo Library Foundation Nfpn
EIN
20-1758093
Phone
8159462777
Address
302 WEST MASON, POLO, IL 61064

Signing Officer

Name
Greg Cross
Title
Vice President
Phone
8152382787
Signed
2023-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Cross
Formed
2005
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Davis Gisi
Address
10930 HOOVER RD, ROCK FALLS, IL 61071
Preparer
Jamie S Gisi
Phone
8155642081
Supplemental Narrative

Additional Explanations

Form 990

“Form 990 item k not for profit”

Raw XML Appendix324 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATIONS OFFICERS, DIRECTORS OR TRUSTEE'S ARE FROM THE SMALL TOWN OF POLO SO THEY USE THE LIBRARY AND ASSOCIATE WITH THOSE WHOM SUPPORT THE LIBRARY
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE POLO LIBRARY FOUNDATION IS USED TO SUPPORT THE SCHOOLS FOR ALL ELEMENTARY STUDENTS TO USE THE LIBRARY FOR EDUCATION PURPOSES BY SUBSIDIZING STUDENTS WHOM ARE NON RESIDENTS. IT ASSISTS FOR MAINTENANCE OF THE POLO LIBRARY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 ITEM K NOT FOR PROFIT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO INDIVIDUAL COMMITTEES AT THE PRESENT TIME. IT IS HOWEVER STATED IN THE BYLAWS THAT COMMITTEES CAN BE ESTABLISHED IF NEEDED. .
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT AND TREASURER WILL REVIEW THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL RECORDS ARE HELD AT THE LIBRARY AND ARE AVAILABLE FOR THE PUBLIC TO REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0792144
IRS990/TotalProgramServiceExpensesAmt049000
IRS990/TotalRevenueGrp/ExclusionAmt036378
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08016
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt044394
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0805316
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0792144
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IRS990/TypeOfOrganizationOtherInd0X
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0POLO
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IRS990/USAddress/ZIPCd061064
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG CROSS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08152382787
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-31
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCK FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061071
ReturnHeader/PreparerPersonGrp/PhoneNum08155642081
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMIE S GISI
ReturnHeader/ReturnTs02023-11-07T12:05:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GREG
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ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$792,144
Liabilities
$0
Net assets
$792,144
Revenue
$44,394
Expenses
$57,566
Net income
-$13,172
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.86$0.00$7.86$0.64$0.59$0.06
2024Detailed filing. Detailed filing data is available for this year.$7.80$0.00$7.80$0.46$0.59$0.12
2023Detailed filing. Detailed filing data is available for this year.$7.92$0.00$7.92$0.44$0.58$0.13
2022Detailed filing. Detailed filing data is available for this year.$8.05$0.00$8.05$0.49$0.59$0.10
2021Detailed filing. Detailed filing data is available for this year.$8.16$0.00$8.16$0.67$0.59$0.08
2020Detailed filing. Detailed filing data is available for this year.$8.08$0.00$8.08$0.39$0.58$0.19
2019Detailed filing. Detailed filing data is available for this year.$8.27$0.00$8.27$0.40$0.59$0.18
2018Detailed filing. Detailed filing data is available for this year.$8.45$0.00$8.45$0.37$0.63$0.26
2017Detailed filing. Detailed filing data is available for this year.$8.71$0.00$8.71$0.49$0.57$0.08
2016Detailed filing. Detailed filing data is available for this year.$8.79$0.00$8.79$0.21$0.53$0.32
2015Detailed filing. Detailed filing data is available for this year.$9.11$0.00$9.11$0.35$0.55$0.19
2014Detailed filing. Detailed filing data is available for this year.$9.30$0.00$9.30$1.08$0.54$0.54
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.77$0.00$8.77$0.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.08$0.00$9.08$0.65
2011Summary only. Only limited summary data is available for this year.$9.49$0.00$9.49$0.22$0.69$0.46