Civic Intelligence

Rancho Mirage Library and Observatory Foundation

990 • Fiscal year 2022 • EIN 27-3559025

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 10, 2023

71100 Highway 111Rancho Mirage, CA 92270

(760) 770-3207

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

81st percentile

33%

Higher net margin than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$246,677

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 49.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

52nd percentile

2.1%

Faster asset growth than 52% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

86%

Faster revenue growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,110,142

Up $43,239 (+2.1%) from 2021

Net Assets

Up

$2,105,326

Up $38,673 (+1.9%) from 2021

Liabilities

Up

$4,816

Up $4,566 (+1826%) from 2021

Revenue

Up

$503,778

Up $232,812 (+86%) from 2021

Expenses

Up

$337,482

Up $106,206 (+46%) from 2021

Net Income

Up

$166,296

Up $126,606 (+319%) from 2021

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $2,012,171Liabilities 2013: $858Net Assets 2013: $2,011,3132013Assets 2014: $1,962,450Liabilities 2014: $3,353Net Assets 2014: $1,959,0972014Assets 2015: $1,903,214Liabilities 2015: $2,011Net Assets 2015: $1,901,2032015Assets 2016: $1,847,376Liabilities 2016: $1,983Net Assets 2016: $1,845,3932016Assets 2017: $1,827,883Liabilities 2017: $675Net Assets 2017: $1,827,2082017Assets 2019: $1,928,866Liabilities 2019: $1,660Net Assets 2019: $1,927,2062019Assets 2020: $2,027,307Liabilities 2020: $344Net Assets 2020: $2,026,9632020Assets 2021: $2,066,903Liabilities 2021: $250Net Assets 2021: $2,066,6532021Assets 2022: $2,110,142Liabilities 2022: $4,816Net Assets 2022: $2,105,3262022

Highlighted filing

2022

Assets$2,110,142
Liabilities$4,816
Net Assets$2,105,326

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2013: $233,4922013Revenue 2014: $276,073Expenses 2014: $317,835Net Income 2014: -$41,7622014Revenue 2015: $242,012Expenses 2015: $305,569Net Income 2015: -$63,5572015Revenue 2016: $196,433Expenses 2016: $270,349Net Income 2016: -$73,9162016Revenue 2017: $333,813Expenses 2017: $342,603Net Income 2017: -$8,7902017Revenue 2019: $387,493Expenses 2019: $335,168Net Income 2019: $52,3252019Revenue 2020: $452,664Expenses 2020: $352,907Net Income 2020: $99,7572020Revenue 2021: $270,966Expenses 2021: $231,276Net Income 2021: $39,6902021Revenue 2022: $503,778Expenses 2022: $337,482Net Income 2022: $166,2962022

Highlighted filing

2022

Revenue$503,778
Expenses$337,482
Net Income$166,296
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 10, 2023
Return Version
2021v4.2
Gross Receipts
$503,778
Mission and Program Overview

Mission

To fund-raise for supplemental funding for rancho mirage library & observatory foundation programs and collections.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,541,920$1,584,419▲ $42,499
Savings and Temporary Cash Investments$519,566$519,566→ $0
Accounts Receivable-$97-
Total Assets$2,066,903$2,110,142▲ $43,239
Other Assets Total$5,417$6,060▲ $643
Liabilities
Accounts Payable and Accrued Expenses$250$4,816▲ $4,566
Total Liabilities$250$4,816▲ $4,566
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,547,087$1,585,760▲ $38,673
Net Assets With Donor Restrictions$519,566$519,566→ $0
Total Net Assets Fund Balance$2,066,653$2,105,326▲ $38,673
Total Liabilities and Net Assets / Fund Balance$2,066,903$2,110,142▲ $43,239

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$519,566---$519,566
2020$519,566---$519,566
2019$519,566---$519,566
2018$519,566---$519,566
2017$519,566---$519,566
Compensation and Service Providers

Employees

NameTitleOtherTotal
Charles TownsendMayor and Board Member$87,781$87,781
Ted WeillMayor and Board Member$56,930$56,930

Board Members and Trustees

NameTitle
Alison SoltysiakBoard Member
Christine HughesBoard Member
Claudette PaisBoard Member
James SowaBoard Member
Leslie UsowBoard Member
Lucy TagmyerBoard Member
Patrice MerrittBoard Member
Robert MoonBoard Member
Aaron EspinozaExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$462,490
Program Service Revenue
$0
Investment Income
$41,288
Other Revenue
$0
All Other Contributions
$462,490
Change in Net Assets
$166,296

Audited Revenue Reconciliation

Revenue per Audited Statements
$503,778
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-127,623
Total Revenue per Audited Statements
$376,155
Total Revenue per Form 990
$503,778
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$337,482
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
All Other Expenses$12,984$13,509-$26,493
Fees for Services Accounting-$10,510-$10,510
Other Expenses$9,821--$9,821
Information Technology-$600-$600
Travel-$315-$315
Total Functional Expenses$312,548$24,934$0$337,482

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$337,482
Total Expenses per Audited Statements$337,482
Total Expenses per Form 990$337,482
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The city council for rancho mirage appoints the members of the board.

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

The organization does not have a committee with authority to act on its behalf.

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

Board members are provided a copy of the return either by e-mail or mail prior to the filing of the return.

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

Annual questionaire is provided to disclose any conflicts of interest. If a conflict arises the board member is asked to excuse himself/herself from all discussions and voting on the issue.

Form 990, Part VI, Section C, Line 19

Governing docs, policies and financial statements can be obtained by request to the board of directors.

Filing and Contact Details

Filer

Filer Name
Rancho Mirage Library & Observatory
EIN
27-3559025
Phone
7607703207
Address
71100 HIGHWAY 111, RANCHO MIRAGE, CA 92270

Signing Officer

Name
Richard Kite
Title
Mayor and Board Member
Phone
7607703207
Signed
2023-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Kite
Formed
2010
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
50

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray CPA
Phone
9094664410
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The foundation has adopted financial accounting standards board (fasb) accounting standards codification (asc) topic 740 that clarifies the accounting for uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain and, accordingly, no accounting adjustment has been made to the financial statements.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0347726
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0356177
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0262855
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01663376
IRS990ScheduleA/TotalSupportAmt01906003
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/CYEndwmtFundGrp/BeginningYearBalanceAmt0519566
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0519566
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0519566
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0519566
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0519566
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0519566
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0519566
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0519566
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0519566
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0519566
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0337482
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-127623
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-127623
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0503778
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0337482
IRS990ScheduleD/TotalRevenuePerForm990Amt0503778
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0376155
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0337482
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0175011
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt015264
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt032282
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt024120
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0AARON ESPINOZA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0246677
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CITY COUNCIL FOR RANCHO MIRAGE APPOINTS THE MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON ITS BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE PROVIDED A COPY OF THE RETURN EITHER BY E-MAIL OR MAIL PRIOR TO THE FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL QUESTIONAIRE IS PROVIDED TO DISCLOSE ANY CONFLICTS OF INTEREST. IF A CONFLICT ARISES THE BOARD MEMBER IS ASKED TO EXCUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTING ON THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCS, POLICIES AND FINANCIAL STATEMENTS CAN BE OBTAINED BY REQUEST TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF RANCHO MIRAGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0952846326
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVERNMENTAL UNIT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CITY GOVERNMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt069825 HIGHWAY 111
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RANCHO MIRAGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd092270
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02066903
IRS990/TotalAssetsEOYAmt02110142
IRS990/TotalAssetsGrp/BOYAmt02066903
IRS990/TotalAssetsGrp/EOYAmt02110142
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0462490
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024934
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0312548
IRS990/TotalFunctionalExpensesGrp/TotalAmt0337482
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0250
IRS990/TotalLiabilitiesEOYAmt04816
IRS990/TotalLiabilitiesGrp/BOYAmt0250
IRS990/TotalLiabilitiesGrp/EOYAmt04816

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