Civic Intelligence

Slover Library Foundation

990 • Fiscal year 2013 • EIN 26-3772819

Jul 01, 2012 to Jun 30, 2013 • Filed on May 15, 2014

Organization ProfileSLOVERLIBRARY.ORG
810 Union Street 900 City Hall Bldg23510
Siviq Scores

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

Liabilities / Assets

35th percentile

0.12x

Higher debt load relative to assets than 35% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

1st percentile

-39%

Faster asset growth than 1% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets35th percentile

Assets

Down

$23,155,075

Down $14,683,987 (-39%) from 2012

Net Assets

Down

$20,369,382

Down $14,212,334 (-41%) from 2012

Liabilities

Down

$2,785,693

Down $471,653 (-14%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$15,959,227

Up $15,553,889 (+3837%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$40M$30M$20M$10M$0Assets 2012: $37,839,062Liabilities 2012: $3,257,346Net Assets 2012: $34,581,7162012Assets 2013: $23,155,075Liabilities 2013: $2,785,693Net Assets 2013: $20,369,3822013Assets 2017: $8,478,778Liabilities 2017: $356,143Net Assets 2017: $8,122,6352017Assets 2018: $8,892,931Liabilities 2018: $287,473Net Assets 2018: $8,605,4582018Assets 2019: $9,069,006Liabilities 2019: $95,590Net Assets 2019: $8,973,4162019Assets 2020: $9,043,797Liabilities 2020: $28,374Net Assets 2020: $9,015,4232020Assets 2021: $11,008,810Liabilities 2021: $27,227Net Assets 2021: $10,981,5832021Assets 2022: $9,941,575Liabilities 2022: $25,100Net Assets 2022: $9,916,4752022Assets 2023: $10,476,167Liabilities 2023: $0Net Assets 2023: $10,476,1672023Assets 2024: $11,432,335Liabilities 2024: $0Net Assets 2024: $11,432,3352024

Highlighted filing

2013

Assets$23,155,075
Liabilities$2,785,693
Net Assets$20,369,382
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2012: $405,3382012Expenses 2013: $15,959,2272013Revenue 2017: $597,779Expenses 2017: $358,585Net Income 2017: $239,1942017Revenue 2018: $790,968Expenses 2018: $647,356Net Income 2018: $143,6122018Revenue 2019: $510,054Expenses 2019: $689,970Net Income 2019: -$179,9162019Revenue 2020: $660,719Expenses 2020: $735,957Net Income 2020: -$75,2382020Revenue 2021: $2,154,646Expenses 2021: $450,527Net Income 2021: $1,704,1192021Revenue 2022: $614,841Expenses 2022: $548,417Net Income 2022: $66,4242022Revenue 2023: $28,481Expenses 2023: $505,727Net Income 2023: -$477,2462023Revenue 2024: $291,505Expenses 2024: $433,888Net Income 2024: -$142,3832024

Highlighted filing

2013

Revenue-
Expenses$15,959,227
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 15, 2014
Return Version
2012v2.1
Gross Receipts
$21,679,556
Mission and Program Overview

Mission

The foundation's mission is to support the maintenance and operation of a central library for the city of norfolk.

Filing and Contact Details

Filer

EIN
26-3772819
Raw XML AppendixShowing 400 of 536 raw XML fields

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IRS990ScheduleG/Form990ScheduleGPartIV/Explanation0THE FOUNDATION MAINTAINS A COMPREHENSIVE WEBSITE TO INFORM VISITORS OF ITS MISSION AND OFFERS THE OPPORTUNITY TO CONTRIBUTE VIA THE WEBSITE. THE FOUNDATION DOES NOT SOLICIT VIA EMAIL. THE FOUNDATION OCCASIONALLY SOLICITS FUNDS VIA DIRECT MAIL CAMPAIGNS. THE PREDOMINANT FUNDRAISING FOCUS OF THE FOUNDATION IS TO SECURE LARGE CAPITAL GIFTS. AS SUCH, FUNDING PROPOSALS ARE PRESENTED DIRECTLY BY BOARD MEMBERS TO VARIOUS POTENTIAL DONORS, INCLUDING OTHER FOUNDATIONS.
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IRS990ScheduleG/TotalGrossReceipts01530598
IRS990ScheduleG/TotalNetToOrganization01466598
IRS990ScheduleG/TotalRetainedByContractors064000
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0TWO OF THE FOUNDATION'S OFFICERS, WHO ARE PUBLIC OFFICIALS OF THE CITY OF NORFOLK, MONITOR THE CITY'S ONGOING EXPENDITURES AND PROGRESS PAYMENTS FOR THE LIBRARY PROJECT, INCLUDING PAYMENTS FROM FUNDS RECEIVED FROM THE FOUNDATION, THE FOUNDATION'S PRESIDENT (WHO IS ALSO THE CITY'S MAYOR) IS REGULARLY BRIEFED ON THE LIBRARY PROJECT'S PROGRESS, AND THE FOUNDATION'S OTHER DIRECTORS SEE THE VISUAL PROGRESS OF THE LIBRARY PROJECT AND ARE AWARE THAT ITS COSTS EXCEED AMOUNTS THE CITY HAS RECEIVED FROM THE FOUNDATION.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0SCHEDULE I, PART I, LINE 2:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PROCEDURES FOR MONITORING USE OF GRANT:
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine10810 UNION STREET 900 CITY HALL BLDG
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine20BLDG
IRS990ScheduleI/RecipientTable/AddressUS/City0NORFOLK
IRS990ScheduleI/RecipientTable/AddressUS/State0VA
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode023510
IRS990ScheduleI/RecipientTable/AmountOfCashGrant015100000
IRS990ScheduleI/RecipientTable/AmountOfNonCashAssistance0692809
IRS990ScheduleI/RecipientTable/DescriptionOfNonCashAssistance0PAYMENTS DIRECT TO VENDORS
IRS990ScheduleI/RecipientTable/EINOfRecipient0546001455
IRS990ScheduleI/RecipientTable/PurposeOfGrant0PAYMENTS FOR CONSTRUCTION AND ORNAMENTATION RELATED EXPENSES FOR SLOVER LIBRARY.
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10CITY OF NORFOLK
IRS990ScheduleI/RecordsMaintained00
IRS990ScheduleJ/AnyNonFixedPayments00
IRS990ScheduleJ/CompBasedNetEarningsFilingOrg00
IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs00
IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg00
IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs00
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs0218655
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0BERNARD A PISHKO
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/Title0SECRETARY
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs0218655
IRS990ScheduleJ/InitialContractException00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleM/AnyPropertyThatMustBeHeld00
IRS990ScheduleM/ReviewProcessUnusualNCGifts00
IRS990ScheduleM/SecuritiesPubliclyTraded/MethodOfDeterminingRevenues0HI/LOW METHOD
IRS990ScheduleM/SecuritiesPubliclyTraded/NonCashCheckbox0X
IRS990ScheduleM/SecuritiesPubliclyTraded/NoncashContribsRptdF990095462
IRS990ScheduleM/SecuritiesPubliclyTraded/NumberOfContributions05
IRS990ScheduleM/ThirdPartiesUsed00
IRS990ScheduleO/GeneralExplanation/Explanation0JANE P. BATTEN AND FRANK BATTEN, JR. HAVE A FAMILY RELATIONSHIP. PAUL D. FRAIM AND BERNARD A. PISHKO HAVE A BUSINESS RELATIONSHIP. FRANK BATTEN, JR. AND RICHARD F. BARRY III HAVE A BUSINESS RELATIONSHIP. PAUL D. FRAIM AND YVONNE ALLMOND HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/GeneralExplanation/Explanation1THE RESTATED GOVERNING DOCUMENTS ALLOWED FOR AN EXPANSION OF THE FOUNDATION'S BOARD MEMBERSHIP FROM 5 TO 15 AND A BROADENING OF ITS MISSION.
IRS990ScheduleO/GeneralExplanation/Explanation2THE MAYOR OF THE CITY OF NORFOLK, IN HIS CAPACITY AS SUCH, CAN APPOINT EIGHT OF THE FIFTEEN DIRECTORS. JANE P. BATTEN CAN APPOINT FIVE OF THE FIFTEEN DIRECTORS.

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$23,155,075
Liabilities
$2,785,693
Net assets
$20,369,382
Revenue
-
Expenses
$15,959,227
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.4$0.00$11.4$0.29$0.43$0.14
2023Detailed filing. Detailed filing data is available for this year.$10.5$0.00$10.5$0.03$0.51$0.48
2022Detailed filing. Detailed filing data is available for this year.$9.94$0.03$9.92$0.61$0.55$0.07
2021Detailed filing. Detailed filing data is available for this year.$11.0$0.03$11.0$2.15$0.45$1.70
2020Detailed filing. Detailed filing data is available for this year.$9.04$0.03$9.02$0.66$0.74$0.08
2019Detailed filing. Detailed filing data is available for this year.$9.07$0.10$8.97$0.51$0.69$0.18
2018Detailed filing. Detailed filing data is available for this year.$8.89$0.29$8.61$0.79$0.65$0.14
2017Detailed filing. Detailed filing data is available for this year.$8.48$0.36$8.12$0.60$0.36$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.2$2.79$20.4$16.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.8$3.26$34.6$0.41