Civic Intelligence

Slover Library Foundation

990 • Fiscal year 2020 • EIN 26-3772819

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 24, 2021

Organization ProfileSLOVERLIBRARY.ORG
235 E Plume StreetNorfolk, VA 23510

(757) 664-4320

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

19th percentile

0.04x

Higher debt load relative to revenue than 19% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

62nd percentile

$150,000

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 22.7% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

28th percentile

-0.3%

Faster asset growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

30%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets13th percentile

Assets

Down

$9,043,797

Down $25,209 (-0.3%) from 2019

Net Assets

Up

$9,015,423

Up $42,007 (+0.5%) from 2019

Liabilities

Down

$28,374

Down $67,216 (-70%) from 2019

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin19th percentile

Revenue

Up

$660,719

Up $150,665 (+30%) from 2019

Expenses

Up

$735,957

Up $45,987 (+6.7%) from 2019

Net Income

Up

-$75,238

Up $104,678 (+58%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth28th 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

2020

Assets$9,043,797
Liabilities$28,374
Net Assets$9,015,423
Open 2020 Filing

Operations Trend

Revenue Growth82nd percentile

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

2020

Revenue$660,719
Expenses$735,957
Net Income-$75,238
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 24, 2021
Return Version
2019v5.2
Gross Receipts
$787,215
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.

Support for a central library for the city of norfolk.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,498,557$6,518,464▲ $19,907
Investments Other Securities$2,053,149$1,967,279▼ $85,870
Cash and Non-Interest-Bearing Accounts$291,642$407,507▲ $115,865
Pledges and Grants Receivable$67,150--
Prepaid Expenses and Deferred Charges$17,000--
Inventories for Sale or Use$6,260$6,260→ $0
Accounts Receivable$5,018--
Total Assets$9,069,006$9,043,797▼ $25,209
Other Assets Total$130,230$144,287▲ $14,057
Liabilities
Deferred Revenue$67,150--
Other Liabilities$25,100$25,100→ $0
Accounts Payable and Accrued Expenses$3,340$3,274▼ $66
Total Liabilities$95,590$28,374▼ $67,216
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,806,791$8,892,610▲ $85,819
Net Assets With Donor Restrictions$166,625$122,813▼ $43,812
Total Net Assets Fund Balance$8,973,416$9,015,423▲ $42,007
Total Liabilities and Net Assets / Fund Balance$9,069,006$9,043,797▼ $25,209

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,967,279--
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paul D FraimChairman & PresidentFT$150,000$150,000

Board Members and Trustees

NameTitle
Wayne WilbanksVice Chairman
Conrad M HallDirector
David L BerndDirector
Deborah Butler PainterDirector
Frank Batten JrDirector
Frank T GadamsDirector
Jane P BattenDirector
Jordan E SloneDirector
Lisa F ChandlerDirector
Richard F Barry IiiDirector
Yvonne T AllmondDirector
Vincent J Mastracco JrSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$386,610
Program Service Revenue
$0
Investment Income
$195,475
Other Revenue
$78,634
All Other Contributions
$301,932
Change in Net Assets
$-75,238

Audited Revenue Reconciliation

Revenue per Audited Statements
$637,911
Revenue Not Reported on Financial Statements
$22,808
Revenue Not Reported on Form 990
$162,245
Total Revenue per Audited Statements
$800,156
Total Revenue per Form 990
$660,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$502,340
Salaries, Compensation, and Employee Benefits$233,617
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$141,700$8,300-$150,000
Other Salaries and Wages-$68,000-$68,000
Fees for Services Accounting-$27,238-$27,238
Other Expenses$17,212$8,140-$25,352
Fees for Service Investment Mgmnt Fees-$22,808-$22,808
Payroll Taxes$10,151$5,466-$15,617
Insurance$6,456--$6,456
Office Expenses-$1,056-$1,056
Total Functional Expenses$594,949$141,008$0$735,957

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$758,149
Total Expenses per Form 990$735,957
Expenses per Audited Statements$713,149
Expenses Not Reported on Form 990$45,000
Expenses Not Reported on Financial Statements$22,808
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Slover Tenant$25,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Jane p. Batten and frank batten, jr. Have a family relationship. Jane p. Batten and frank batten, jr. Have a business relationship with anne shumadine. Frank batten jr., conrad hall, and richard f. Barry iii have business relationships. Paul d. Fraim and yvonne t. Allmond have a business relationship.”

Form 990, Part VI, Section B, Line 11B

“The return is reviwed by an officer of the organization prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The foundation's officers and directors have been provided a copy of the written policy regarding conflicts of interest. The foundation engages in a limited number of transactions and the officers evaluate potential conflicts as new transactions are entered into.”

Form 990, Part VI, Section C, Line 19

“The foundation's governing documents,conflict of interest policy, and financial statements are made available upon request. Its financial statements are also available for viewing on the foundation's website.”

Filing and Contact Details

Filer

Filer Name
Slover Library Foundation
EIN
26-3772819
Phone
7576644320
Address
235 E PLUME STREET, NORFOLK, VA 23510

Signing Officer

Name
Vincent J Mastracco Jr
Title
Secretary & Treasurer
Phone
7576644320
Signed
2021-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul D Fraim
Formed
2008
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
12
Employees
2
Volunteers
0

Preparer

Firm
Cavanaugh Nelson Plc
Address
999 WATERSIDE DRIVE SUITE 2250, NORFOLK, VA 23510
Preparer
Mark a Nelson
Phone
7575784900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

“The foundation uses the modified cash basis of accounting, modified to present investments and related accrued income at fair value. All other items of income and expense are presented on a cash basis.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from prior years.”

Financial Statement Notes

PART X, LINE 2:

“The foundation's tax returns are generally subject to examination by authorities for a period of three years from the date they are filed. In september of 2015 the irs approved the foundation's request to be classified as a public charity retroactive to its year ended june 30, 2014 and deemed the foundation a supporting organization of the city of norfolk. Accordingly, the foundation was not required to file annual tax returns for the years ended june 30, 2014 through 2016. Due to an amendment of its bylaws effective july 1, 2016 the foundation is no longer considered a supporting organization and is required to file an annual tax return for the year ending june 30, 2017 and subsequent years.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES”

Raw XML AppendixShowing 400 of 487 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03340
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03274
IRS990/AccountsReceivableGrp/BOYAmt05018
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SUPPORT FOR A CENTRAL LIBRARY FOR THE CITY OF NORFOLK.
IRS990/AllOtherContributionsAmt0301932
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0VINCENT J MASTRACCO JR
IRS990/BooksInCareOfDetail/PhoneNum07576644320
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0235 E PLUME STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0NORFOLK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023510
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0291642
IRS990/CashNonInterestBearingGrp/EOYAmt0407507
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt08300
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0141700
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0150000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CostOfGoodsSoldAmt06197
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0386610
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0195475
IRS990/CYOtherExpensesAmt0502340
IRS990/CYOtherRevenueAmt078634
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-75238
IRS990/CYSalariesCompEmpBnftPaidAmt0233617
IRS990/CYTotalExpensesAmt0735957
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0660719
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt067150
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0SPONSORSHIP OF SPEAKERS, EXHIBITS, RECEPTIONS, PERFORMANCES, AND EDUCATIONAL EVENTS CONDUCTED AT THE NORFOLK PUBLIC LIBRARY THROUGHOUT THE YEAR INCLUDING NATIONAL POETRY EVENTS, NASA SCIENCE EXHIBITS, NATO FESTIVAL EVENTS, POLITICAL SCIENCE SPEAKER FORUMS, YOUTH PIANO RECITALS, AND SIMILAR EVENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0166625
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0122813
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0197534
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt027238
IRS990/FeesForServicesAccountingGrp/TotalAmt027238
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt022808
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt022808
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0PAUL D FRAIM
IRS990/Form990PartVIISectionAGrp/PersonNm1RICHARD F BARRY III
IRS990/Form990PartVIISectionAGrp/PersonNm2VINCENT J MASTRACCO JR
IRS990/Form990PartVIISectionAGrp/PersonNm3YVONNE T ALLMOND
IRS990/Form990PartVIISectionAGrp/PersonNm4JANE P BATTEN
IRS990/Form990PartVIISectionAGrp/PersonNm5FRANK BATTEN JR
IRS990/Form990PartVIISectionAGrp/PersonNm6JORDAN E SLONE
IRS990/Form990PartVIISectionAGrp/PersonNm7WAYNE WILBANKS
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID L BERND
IRS990/Form990PartVIISectionAGrp/PersonNm9DEBORAH BUTLER PAINTER
IRS990/Form990PartVIISectionAGrp/PersonNm10FRANK T GADAMS
IRS990/Form990PartVIISectionAGrp/PersonNm11CONRAD M HALL
IRS990/Form990PartVIISectionAGrp/PersonNm12LISA F CHANDLER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0150000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN & PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt02071
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt034600
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt077370
IRS990/GrossReceiptsAmt0787215
IRS990/GrossRentsGrp/RealAmt050000
IRS990/GrossSalesOfInventoryAmt04671
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt06456
IRS990/InsuranceGrp/TotalAmt06456
IRS990/InventoriesForSaleOrUseGrp/BOYAmt06260
IRS990/InventoriesForSaleOrUseGrp/EOYAmt06260
IRS990/InvestmentIncomeGrp/ExclusionAmt0193404
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0193404
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02053149
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01967279
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06498557
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06518464
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt075299
IRS990/LessRentalExpensesGrp/RealAmt045000
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt050078
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION'S MISSION IS TO SUPPORT THE MAINTENANCE AND OPERATION OF A CENTRAL LIBRARY FOR THE CITY OF NORFOLK.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt08973416
IRS990/NetAssetsOrFundBalancesEOYAmt09015423
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02071
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02071
IRS990/NetIncomeOrLossGrp/ExclusionAmt0-1526
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-1526
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt05000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05000
IRS990/NetUnrelatedBusTxblIncmAmt05960
IRS990/NetUnrlzdGainsLossesInvstAmt0117245
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08806791
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08892610
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01056
IRS990/OfficeExpensesGrp/TotalAmt01056
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0130230
IRS990/OtherAssetsTotalGrp/EOYAmt0144287
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TECHNOLOGY INVESTMENTS
IRS990/OtherExpensesGrp/Desc1EXHIBIT AND EVENT SPONS
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08140
IRS990/OtherExpensesGrp/ProgramServicesAmt0221896
IRS990/OtherExpensesGrp/ProgramServicesAmt1197534
IRS990/OtherExpensesGrp/ProgramServicesAmt217212
IRS990/OtherExpensesGrp/TotalAmt0221896
IRS990/OtherExpensesGrp/TotalAmt1197534
IRS990/OtherExpensesGrp/TotalAmt225352
IRS990/OtherLiabilitiesGrp/BOYAmt025100
IRS990/OtherLiabilitiesGrp/EOYAmt025100
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt075160
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt075160
IRS990/OtherRevenueTotalAmt075160
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt068000
IRS990/OtherSalariesAndWagesGrp/TotalAmt068000
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05466
IRS990/PayrollTaxesGrp/ProgramServicesAmt010151
IRS990/PayrollTaxesGrp/TotalAmt015617
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt067150
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017000
IRS990/PrincipalOfficerNm0PAUL D FRAIM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0INVESTMENTS IN THE NORFOLK PUBLIC LIBRARY'S FACILITIES AND TECHNOLOGY IMPROVEMENTS TO SUPPORT ITS ONGOING MISSION AND ACTIVITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0221896
IRS990/ProgSrvcAccomActy3Grp/Desc0ACTIVITIES AND EVENTS IN THE COMMUNITY TO PROMOTE THE NORFOLK PUBLIC LIBRARY AND ITS PROGRAMS INCLUDING SPONSORSHIP OF EDUCATIONAL WORKSHOPS, DECORATION OF LIBRARY SPACE FOR HOLIDAY EVENTS, DEVELOPMENT OF INTERACTIVE APPLICATIONS FOR PATRONS, DISTRIBUTION OF PROMOTIONAL MATERIALS, AND SIMILAR ACTIVITES. INCLUDES CERTAIN PROGRAMS COORDINATED WITH THE VIRGINIA ARTS FESTIVAL, NAUTICUS FOUNDATION, VIRGINIA FOUNDATION FOR THE HUMANITIES AND OTHER NON-PROFIT ORGANIZATIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0175519
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0456538
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016906
IRS990/PYOtherExpensesAmt0459861
IRS990/PYOtherRevenueAmt036610
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-179916
IRS990/PYSalariesCompEmpBnftPaidAmt0230109
IRS990/PYTotalExpensesAmt0689970
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0510054
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-75238
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt05000
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0386610
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0456538
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0526252
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0414813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0808473
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02592686
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0243404
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0265379
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0239953
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0227376
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0229759
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01205871
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt05379
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.64990
IRS990ScheduleA/PublicSupportPY170Pct00.73860
IRS990ScheduleA/PublicSupportTotal170Amt02468657
IRS990ScheduleA/SubstantialContributorsTotAmt0124029
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0386610
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0456538
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0526252
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0414813
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0808473
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02592686
IRS990ScheduleA/TotalSupportAmt03798557
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt045000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt022808
IRS990ScheduleD/ExpensesSubtotalAmt0713149
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt022808
IRS990ScheduleD/InvestmentExpensesNotIncldAmt022808
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0117245
IRS990ScheduleD/OtherExpensesIncludedAmt045000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SLOVER TENANT
IRS990ScheduleD/OtherRevenueAmt045000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01967279
IRS990ScheduleD/OtherSecuritiesGrp/Desc0LIMITED PARTNERSHIP INTERESTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0162245
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt022808
IRS990ScheduleD/RevenueSubtotalAmt0637911
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S TAX RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE FILED. IN SEPTEMBER OF 2015 THE IRS APPROVED THE FOUNDATION'S REQUEST TO BE CLASSIFIED AS A PUBLIC CHARITY RETROACTIVE TO ITS YEAR ENDED JUNE 30, 2014 AND DEEMED THE FOUNDATION A SUPPORTING ORGANIZATION OF THE CITY OF NORFOLK. ACCORDINGLY, THE FOUNDATION WAS NOT REQUIRED TO FILE ANNUAL TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2014 THROUGH 2016. DUE TO AN AMENDMENT OF ITS BYLAWS EFFECTIVE JULY 1, 2016 THE FOUNDATION IS NO LONGER CONSIDERED A SUPPORTING ORGANIZATION AND IS REQUIRED TO FILE AN ANNUAL TAX RETURN FOR THE YEAR ENDING JUNE 30, 2017 AND SUBSEQUENT YEARS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt01967279
IRS990ScheduleD/TotalExpensesPerForm990Amt0735957
IRS990ScheduleD/TotalLiabilityAmt025100
IRS990ScheduleD/TotalRevenuePerForm990Amt0660719
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0800156
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0758149
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JANE P. BATTEN AND FRANK BATTEN, JR. HAVE A FAMILY RELATIONSHIP. JANE P. BATTEN AND FRANK BATTEN, JR. HAVE A BUSINESS RELATIONSHIP WITH ANNE SHUMADINE. FRANK BATTEN JR., CONRAD HALL, AND RICHARD F. BARRY III HAVE BUSINESS RELATIONSHIPS. PAUL D. FRAIM AND YVONNE T. ALLMOND HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS REVIWED BY AN OFFICER OF THE ORGANIZATION PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION'S OFFICERS AND DIRECTORS HAVE BEEN PROVIDED A COPY OF THE WRITTEN POLICY REGARDING CONFLICTS OF INTEREST. THE FOUNDATION ENGAGES IN A LIMITED NUMBER OF TRANSACTIONS AND THE OFFICERS EVALUATE POTENTIAL CONFLICTS AS NEW TRANSACTIONS ARE ENTERED INTO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION'S GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. ITS FINANCIAL STATEMENTS ARE ALSO AVAILABLE FOR VIEWING ON THE FOUNDATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION USES THE MODIFIED CASH BASIS OF ACCOUNTING, MODIFIED TO PRESENT INVESTMENTS AND RELATED ACCRUED INCOME AT FAIR VALUE. ALL OTHER ITEMS OF INCOME AND EXPENSE ARE PRESENTED ON A CASH BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd01
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,043,797
Liabilities
$28,374
Net assets
$9,015,423
Revenue
$660,719
Expenses
$735,957
Net income
-$75,238
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