Civic Intelligence

Central Arkansas Library System Foundation

990 • Fiscal year 2015 • EIN 27-2094612

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 28, 2016

100 Rock StreetLittle Rock, AR 72201

(501) 918-3039

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

89th percentile

39%

Faster asset growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

6th percentile

-47%

Faster revenue growth than 6% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,855,943

Up $804,893 (+39%) from 2014

Net Assets

Up

$2,846,776

Up $795,813 (+39%) from 2014

Liabilities

Up

$9,167

Up $9,080 (+10437%) from 2014

Revenue

Down

$1,042,596

Down $910,805 (-47%) from 2014

Expenses

Up

$246,783

Up $109,945 (+80%) from 2014

Net Income

Down

$795,813

Down $1,020,750 (-56%) from 2014

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $239,400Liabilities 2013: $0Net Assets 2013: $239,4002013Assets 2014: $2,051,050Liabilities 2014: $87Net Assets 2014: $2,050,9632014Assets 2015: $2,855,943Liabilities 2015: $9,167Net Assets 2015: $2,846,7762015Assets 2016: $3,171,643Liabilities 2016: $13,468Net Assets 2016: $3,158,1752016Assets 2017: $3,472,233Liabilities 2017: $10,174Net Assets 2017: $3,462,0592017Assets 2018: $3,530,259Liabilities 2018: $694Net Assets 2018: $3,529,5652018Assets 2019: $4,683,370Liabilities 2019: $699Net Assets 2019: $4,682,6712019Assets 2020: $5,624,370Liabilities 2020: $135,710Net Assets 2020: $5,488,6602020Assets 2021: $6,207,478Liabilities 2021: $72,997Net Assets 2021: $6,134,4812021Assets 2022: $5,132,360Liabilities 2022: $458Net Assets 2022: $5,131,9022022Assets 2023: $5,739,496Liabilities 2023: $7,646Net Assets 2023: $5,731,8502023Assets 2024: $6,907,298Liabilities 2024: $1,149Net Assets 2024: $6,906,1492024

Highlighted filing

2015

Assets$2,855,943
Liabilities$9,167
Net Assets$2,846,776

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $241,244Expenses 2013: $68,542Net Income 2013: $172,7022013Revenue 2014: $1,953,401Expenses 2014: $136,838Net Income 2014: $1,816,5632014Revenue 2015: $1,042,596Expenses 2015: $246,783Net Income 2015: $795,8132015Revenue 2016: $613,371Expenses 2016: $301,972Net Income 2016: $311,3992016Revenue 2017: $204,141Expenses 2017: $246,636Net Income 2017: -$42,4952017Revenue 2018: $613,814Expenses 2018: $326,114Net Income 2018: $287,7002018Revenue 2019: $1,050,702Expenses 2019: $390,014Net Income 2019: $660,6882019Revenue 2020: $872,213Expenses 2020: $633,073Net Income 2020: $239,1402020Revenue 2021: $1,057,533Expenses 2021: $743,113Net Income 2021: $314,4202021Revenue 2022: $748,315Expenses 2022: $697,483Net Income 2022: $50,8322022Revenue 2023: $828,493Expenses 2023: $742,523Net Income 2023: $85,9702023Revenue 2024: $1,742,661Expenses 2024: $976,409Net Income 2024: $766,2522024

Highlighted filing

2015

Revenue$1,042,596
Expenses$246,783
Net Income$795,813
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 28, 2016
Return Version
2015v2.1
Gross Receipts
$1,051,754
Mission and Program Overview

Mission

Cals foundation will solicit and provide funding for various programs and expenses related to the operation of or the expansion or improvement of the facilities and programs of the central arkansas library system.

Cals foundation is to provide support for educational and cultural programming for the patrons, communities, and neighborhoods being served by the cals and its branches.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,055,932$2,110,103▲ $1,054,171
Savings and Temporary Cash Investments$921,597$451,461▼ $470,136
Cash and Non-Interest-Bearing Accounts$73,521$294,379▲ $220,858
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,051,050$2,855,943▲ $804,893
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$87$9,167▲ $9,080
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$87$9,167▲ $9,080
Net Assets / Fund Balance
Unrestricted Net Assets$2,050,963$2,846,776▲ $795,813
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,050,963$2,846,776▲ $795,813
Total Liabilities and Net Assets / Fund Balance$2,051,050$2,855,943▲ $804,893
Compensation and Service Providers

Board Members and Trustees

NameTitle
Fred UrseryPresident
Gayle CorleyVice President
Annette HerringtonDirector
Nate CoulterDirector
Nicole MatsoukasDirector
Sandy CaveneauDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,009,805
Program Service Revenue
$0
Investment Income
$9,492
Other Revenue
$23,299
All Other Contributions
$422,109
Change in Net Assets
$795,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$124,085
Other Expenses$122,698
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$124,085--$124,085
Fees for Services Legal$0$34,474$0$34,474
Occupancy-$26,326-$26,326
All Other Expenses-$13,289-$13,289
Office Expenses-$7,816-$7,816
Travel-$3,561-$3,561
Other Expenses-$3,460-$0
Fees for Services Accounting-$2,396-$2,396
Advertising-$1,864-$1,864
Total Functional Expenses$124,085$122,698$0$246,783
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Central Arkansas LibraryLittle Rock, AR501(c)(3)General Support$124,085
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,158
Fundraising Gross Income$2,593
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

Organization does not have any committees that can act on behalf of the governing body.

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

Form 990 is presented to the board members for approval.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Central Arkansas Library System Foundation
EIN
27-2094612
In Care Of
% JACKIE PATEL
Phone
5019183039
Address
100 ROCK STREET, LITTLE ROCK, AR 72201

Signing Officer

Name
Fred Ursery
Title
President
Phone
5019183039
Signed
2016-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fred Ursery
Formed
2009
Legal Domicile
Ar
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
11

Preparer

Firm
Bkd Llp
Address
PO BOX 3667, LITTLE ROCK, AR 72203-3667
Preparer
Amber Sherrill
Phone
5019183039
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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/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0FRED URSERY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01895687
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0112221
IRS990/PYInvestmentIncomeAmt057714
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt024617
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01816563
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0136838
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01953401
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0795813
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0587289
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt019355
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0921597
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0451461
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01009805
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01895687
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0240167
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt053769
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03199428
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt028847
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt057714
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0627
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt087205
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt010509
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt010509
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt03080053
IRS990ScheduleA/SubstantialContributorsTotAmt0119375
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01009805
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01895687
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0240167
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt053769
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03199428
IRS990ScheduleA/TotalSupportAmt03297142
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0124085
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CENTRAL ARKANSAS LIBRARY
IRS990ScheduleI/RecipientTable/RecipientEIN0716014106
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0100 ROCK STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LITTLE ROCK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AR
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0722011624
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL GRANTS AND OTHER ASSISTANCE ARE GIVEN TO THE CENTRAL ARKANSAS LIBRARY TO FURTHER THEIR EXEMPT PURPOSE. THERE ARE NO PROCEDURES FOR MONITORING THE USE OF THE FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE I, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT CAN ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PRESENTED TO THE BOARD MEMBERS FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AR
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02051050
IRS990/TotalAssetsEOYAmt02855943
IRS990/TotalAssetsGrp/BOYAmt02051050
IRS990/TotalAssetsGrp/EOYAmt02855943
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01009805
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0122698
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0124085
IRS990/TotalFunctionalExpensesGrp/TotalAmt0246783
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087
IRS990/TotalLiabilitiesEOYAmt09167
IRS990/TotalLiabilitiesGrp/BOYAmt087
IRS990/TotalLiabilitiesGrp/EOYAmt09167
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02050963
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02846776

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