Civic Intelligence

Allen County Public Library Foundation

990 • Fiscal year 2021 • EIN 31-1121023

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 10, 2021

PO Box 2270Fort Wayne, IN 46802

(260) 421-1200

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

8th percentile

0.01x

Higher debt load relative to revenue than 8% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

68th percentile

23%

Higher net margin than 68% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$145,965

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

75th percentile

22%

Faster asset growth than 75% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

68th percentile

27%

Faster revenue growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$25,787,210

Up $4,661,895 (+22%) from 2020

Net Assets

Up

$25,765,557

Up $4,640,242 (+22%) from 2020

Liabilities

Up

$21,653

Up $21,653 from 2020

Revenue

Up

$2,117,181

Up $449,084 (+27%) from 2020

Expenses

Up

$1,636,666

Up $194,909 (+14%) from 2020

Net Income

Up

$480,515

Up $254,175 (+112%) from 2020

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $9,550,823Liabilities 2011: $64,451Net Assets 2011: $9,486,3722011Assets 2012: $10,740,749Liabilities 2012: $2,821Net Assets 2012: $10,737,9282012Assets 2013: $12,900,015Liabilities 2013: $13,612Net Assets 2013: $12,886,4032013Assets 2014: $15,891,645Liabilities 2014: $11,305Net Assets 2014: $15,880,3402014Assets 2015: $16,709,826Liabilities 2015: $2,210Net Assets 2015: $16,707,6162015Assets 2016: $17,553,949Liabilities 2016: $2,150Net Assets 2016: $17,551,7992016Assets 2017: $19,502,457Liabilities 2017: $53Net Assets 2017: $19,502,4042017Assets 2018: $21,188,324Liabilities 2018: $0Net Assets 2018: $21,188,3242018Assets 2019: $21,614,083Liabilities 2019: $0Net Assets 2019: $21,614,0832019Assets 2020: $21,125,315Liabilities 2020: $0Net Assets 2020: $21,125,3152020Assets 2021: $25,787,210Liabilities 2021: $21,653Net Assets 2021: $25,765,5572021Assets 2022: $23,368,919Liabilities 2022: $0Net Assets 2022: $23,368,9192022Assets 2023: $23,282,294Liabilities 2023: $0Net Assets 2023: $23,282,2942023Assets 2024: $25,400,595Liabilities 2024: $0Net Assets 2024: $25,400,5952024Assets 2025: $26,810,569Liabilities 2025: $3,981Net Assets 2025: $26,806,5882025

Highlighted filing

2021

Assets$25,787,210
Liabilities$21,653
Net Assets$25,765,557

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $662,9602011Expenses 2012: $717,9042012Expenses 2013: $714,6722013Revenue 2014: $2,449,219Expenses 2014: $964,036Net Income 2014: $1,485,1832014Revenue 2015: $2,484,495Expenses 2015: $1,197,941Net Income 2015: $1,286,5542015Revenue 2016: $2,179,518Expenses 2016: $1,587,874Net Income 2016: $591,6442016Revenue 2017: $2,711,901Expenses 2017: $1,314,747Net Income 2017: $1,397,1542017Revenue 2018: $3,067,008Expenses 2018: $1,186,931Net Income 2018: $1,880,0772018Revenue 2019: $1,584,822Expenses 2019: $1,440,716Net Income 2019: $144,1062019Revenue 2020: $1,668,097Expenses 2020: $1,441,757Net Income 2020: $226,3402020Revenue 2021: $2,117,181Expenses 2021: $1,636,666Net Income 2021: $480,5152021Revenue 2022: $1,614,993Expenses 2022: $1,871,881Net Income 2022: -$256,8882022Revenue 2023: $5,257,427Expenses 2023: $1,776,176Net Income 2023: $3,481,2512023Revenue 2024: $2,578,842Expenses 2024: $1,562,421Net Income 2024: $1,016,4212024Revenue 2025: $3,001,429Expenses 2025: $1,758,769Net Income 2025: $1,242,6602025

Highlighted filing

2021

Revenue$2,117,181
Expenses$1,636,666
Net Income$480,515
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 10, 2021
Return Version
2020v4.0
Gross Receipts
$9,898,100
Mission and Program Overview

Mission

To support the programs and services of the allen county public library.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,179,447$24,700,534▲ $4,521,087
Savings and Temporary Cash Investments$779,280$679,651▼ $99,629
Cash and Non-Interest-Bearing Accounts$101,616$337,228▲ $235,612
Total Assets$21,125,315$25,787,210▲ $4,661,895
Other Assets Total$64,972$69,797▲ $4,825
Liabilities
Accounts Payable and Accrued Expenses-$21,653-
Total Liabilities$0$21,653▲ $21,653
Net Assets / Fund Balance
Net Assets With Donor Restrictions$14,569,988$17,090,723▲ $2,520,735
Net Assets Without Donor Restrictions$6,555,327$8,674,834▲ $2,119,507
Total Net Assets Fund Balance$21,125,315$25,765,557▲ $4,640,242
Total Liabilities and Net Assets / Fund Balance$21,125,315$25,787,210▲ $4,661,895

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$14,613,880$5,705▲ $3,538,279$668,739$17,400,768
2019$15,029,275-▲ $274,652$648,949$14,613,880
2018$14,684,659$16,195▲ $988,184$586,225$15,029,275
2017$13,210,411$1,036,896▲ $1,014,686$509,979$14,684,659
2016$11,812,936$1,004,498▲ $899,043$444,966$13,210,411
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
David SedestromAssistant TrFT$145,965$145,965

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$443,603
Program Service Revenue
$24,143
Investment Income
$1,649,435
Other Revenue
$0
All Other Contributions
$443,603
Change in Net Assets
$480,515

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,947,609
Revenue Not Reported on Financial Statements
$169,572
Revenue Not Reported on Form 990
$3,824,727
Total Revenue per Audited Statements
$5,772,336
Total Revenue per Form 990
$2,117,181
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,458,541
Other Expenses$178,125
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,458,541--$1,458,541
Fees for Service Investment Mgmnt Fees-$169,572-$169,572
Fees for Services Accounting-$8,200-$8,200
Office Expenses-$337-$337
Fees for Services Other-$16-$16
Total Functional Expenses$1,458,541$178,125$0$1,636,666

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,636,666
Expenses per Audited Statements$1,467,094
Total Expenses per Audited Statements$1,467,094
Expenses Not Reported on Financial Statements$169,572
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Allen County Public LibraryFort Wayne, INGovTo Support Programs$1,118,918
Allen County Public LibraryFort Wayne, INGovReimburse for Books$339,623
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

The board of directors reviews both the audit report and form 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

Board members are required to disclose any conflicts of interest. When a conflict arises, the board member recuses himself from voting on the matter.

Form 990, Page 6, Part VI, Line 15A

The foundation receives a small amount of personnel services from the library for key employees. All key employee salaries are paid by the library.for all positions at the library, human resources does a comprehensive salary survey of both libraries around the country and of local employers. Wage rates/salaries are reviewed by the board of trustees and they set the rates via resolution.

Form 990, Page 6, Part VI, Line 15B

The foundation receives a small amount of personnel services from the library for key employees. All key employee salaries are paid by the library.for all positions at the library, human resources does a comprehensive salary survey of both libraries around the country and of local employers. Wage rates/salaries are reviewed by the board of trustees and they set the rates via resolution.

Form 990, Page 6, Part VI, Line 18

The organization's irs form 990 for the prior three years is available at www.guidestar.org.

Form 990, Page 6, Part VI, Line 19

All policies and minutes are available to the public on-line through the library's website. Governing documents, such as bylaws, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Allen County Public Library
EIN
31-1121023
Phone
2604211200
Address
PO BOX 2270, FORT WAYNE, IN 46802

Signing Officer

Name
David Sedestrom
Title
Assistant Treasurer
Phone
2604212100
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Sedestrom
Formed
1984
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
350

Preparer

Firm
Dulin Ward & Dewald Inc
Address
9921 DUPONT CIRCLE DR W 300, FORT WAYNE, IN 46825-1610
Preparer
Susan a Berghoff CPA
Phone
2604232414
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 1

Moved to full accrual basis to conform to basis used by allen county public library.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Support genealogy department, increase and maintain humanities holdings and acquire library materials and support in the fields of business, science and technology.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SUPPORT GENEALOGY DEPARTMENT, INCREASE AND MAINTAIN HUMANITIES HOLDINGS AND ACQUIRE LIBRARY MATERIALS AND SUPPORT IN THE FIELDS OF BUSINESS, SCIENCE AND TECHNOLOGY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc1GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT PROGRAMS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1REIMBURSE FOR BOOKS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ALLEN COUNTY PUBLIC LIBRARY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ALLEN COUNTY PUBLIC LIBRARY
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1900 LIBRARY PLAZA
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FORT WAYNE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1FORT WAYNE
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL REPORTING AND MONITORING IS GOVERNED BY THE ASSOCIATED GRANT AGREEMENT SINCE EACH GRANT IS UNIQUE IN ITS REQUIREMENTS AND TIMING. THE GRANT IMPLEMENTER, DEVELOPMENT PERSONNEL OF THE COMMUNITY AND MEDIA RELATIONS DEPARTMENT AND FINANCE PERSONNEL ARE TYPICALLY THE GROUPS CHARGED WITH MONITORING THE USE OF GRANT FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS BOTH THE AUDIT REPORT AND FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST. WHEN A CONFLICT ARISES, THE BOARD MEMBER RECUSES HIMSELF FROM VOTING ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION RECEIVES A SMALL AMOUNT OF PERSONNEL SERVICES FROM THE LIBRARY FOR KEY EMPLOYEES. ALL KEY EMPLOYEE SALARIES ARE PAID BY THE LIBRARY.FOR ALL POSITIONS AT THE LIBRARY, HUMAN RESOURCES DOES A COMPREHENSIVE SALARY SURVEY OF BOTH LIBRARIES AROUND THE COUNTRY AND OF LOCAL EMPLOYERS. WAGE RATES/SALARIES ARE REVIEWED BY THE BOARD OF TRUSTEES AND THEY SET THE RATES VIA RESOLUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION RECEIVES A SMALL AMOUNT OF PERSONNEL SERVICES FROM THE LIBRARY FOR KEY EMPLOYEES. ALL KEY EMPLOYEE SALARIES ARE PAID BY THE LIBRARY.FOR ALL POSITIONS AT THE LIBRARY, HUMAN RESOURCES DOES A COMPREHENSIVE SALARY SURVEY OF BOTH LIBRARIES AROUND THE COUNTRY AND OF LOCAL EMPLOYERS. WAGE RATES/SALARIES ARE REVIEWED BY THE BOARD OF TRUSTEES AND THEY SET THE RATES VIA RESOLUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S IRS FORM 990 FOR THE PRIOR THREE YEARS IS AVAILABLE AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL POLICIES AND MINUTES ARE AVAILABLE TO THE PUBLIC ON-LINE THROUGH THE LIBRARY'S WEBSITE. GOVERNING DOCUMENTS, SUCH AS BYLAWS, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MOVED TO FULL ACCRUAL BASIS TO CONFORM TO BASIS USED BY ALLEN COUNTY PUBLIC LIBRARY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 12, PART XII, LINE 1
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IRS990/TotalAssetsEOYAmt025787210
IRS990/TotalAssetsGrp/BOYAmt021125315

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$26.8$0.00$26.8$3.00$1.76$1.24
2024Detailed filing. Detailed filing data is available for this year.$25.4$0.00$25.4$2.58$1.56$1.02
2023Detailed filing. Detailed filing data is available for this year.$23.3$0.00$23.3$5.26$1.78$3.48
2022Detailed filing. Detailed filing data is available for this year.$23.4$0.00$23.4$1.61$1.87$0.26
2021Detailed filing. Detailed filing data is available for this year.$25.8$0.02$25.8$2.12$1.64$0.48
2020Detailed filing. Detailed filing data is available for this year.$21.1$0.00$21.1$1.67$1.44$0.23
2019Detailed filing. Detailed filing data is available for this year.$21.6$0.00$21.6$1.58$1.44$0.14
2018Detailed filing. Detailed filing data is available for this year.$21.2$0.00$21.2$3.07$1.19$1.88
2017Detailed filing. Detailed filing data is available for this year.$19.5$0.00$19.5$2.71$1.31$1.40
2016Detailed filing. Detailed filing data is available for this year.$17.6$0.00$17.6$2.18$1.59$0.59
2015Detailed filing. Detailed filing data is available for this year.$16.7$0.00$16.7$2.48$1.20$1.29
2014Detailed filing. Detailed filing data is available for this year.$15.9$0.01$15.9$2.45$0.96$1.49
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$0.01$12.9$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$0.00$10.7$0.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.55$0.06$9.49$0.66
Peer Organizations

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