Civic Intelligence

Lexington Public Library Foundation

990 • Fiscal year 2021 • EIN 31-1565272

Jul 01, 2020 to Jun 30, 2021 • Filed on May 06, 2022

Organization ProfileWWW.LEXPUBLIB.ORG/FOUNDATION
140 East Main StreetLexington, KY 40507

(859) 231-5557

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Higher debt load relative to assets than 32% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

34th percentile

0.00x

Higher debt load relative to revenue than 34% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

1st percentile

-300%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

95th percentile

$162,470

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 71.6% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

3rd percentile

-43%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

2nd percentile

-79%

Faster revenue growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$804,427

Down $607,376 (-43%) from 2020

Net Assets

Down

$803,763

Down $607,823 (-43%) from 2020

Liabilities

Up

$664

Up $447 (+206%) from 2020

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin1st percentile

Revenue

Down

$226,813

Down $879,574 (-79%) from 2020

Expenses

Up

$906,897

Up $655,845 (+261%) from 2020

Net Income

Down

-$680,084

Down $1,535,419 (-180%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $206,712Liabilities 2011: $35,304Net Assets 2011: $171,4082011Assets 2012: $184,615Liabilities 2012: $0Net Assets 2012: $184,6152012Assets 2013: $146,720Liabilities 2013: $940Net Assets 2013: $145,7802013Assets 2014: $181,611Liabilities 2014: $10Net Assets 2014: $181,6012014Assets 2015: $212,015Liabilities 2015: $10Net Assets 2015: $212,0052015Assets 2016: $226,971Liabilities 2016: $7,192Net Assets 2016: $219,7792016Assets 2017: $425,320Liabilities 2017: $2,711Net Assets 2017: $422,6092017Assets 2018: $390,985Liabilities 2018: $216Net Assets 2018: $390,7692018Assets 2019: $577,254Liabilities 2019: $217Net Assets 2019: $577,0372019Assets 2020: $1,411,803Liabilities 2020: $217Net Assets 2020: $1,411,5862020Assets 2021: $804,427Liabilities 2021: $664Net Assets 2021: $803,7632021Assets 2022: $1,016,079Liabilities 2022: $664Net Assets 2022: $1,015,4152022Assets 2023: $3,405,415Liabilities 2023: $664Net Assets 2023: $3,404,7512023Assets 2024: $3,179,997Liabilities 2024: $483,230Net Assets 2024: $2,696,7672024

Highlighted filing

2021

Assets$804,427
Liabilities$664
Net Assets$803,763
Open 2021 Filing

Operations Trend

Revenue Growth2nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $561,3252011Expenses 2012: $206,4722012Expenses 2013: $99,9922013Revenue 2014: $55,318Expenses 2014: $36,511Net Income 2014: $18,8072014Revenue 2015: $74,340Expenses 2015: $45,788Net Income 2015: $28,5522015Revenue 2016: $115,605Expenses 2016: $109,210Net Income 2016: $6,3952016Revenue 2017: $490,301Expenses 2017: $296,837Net Income 2017: $193,4642017Revenue 2018: $308,904Expenses 2018: $353,133Net Income 2018: -$44,2292018Revenue 2019: $459,471Expenses 2019: $287,755Net Income 2019: $171,7162019Revenue 2020: $1,106,387Expenses 2020: $251,052Net Income 2020: $855,3352020Revenue 2021: $226,813Expenses 2021: $906,897Net Income 2021: -$680,0842021Revenue 2022: $528,744Expenses 2022: $150,377Net Income 2022: $378,3672022Revenue 2023: $3,173,381Expenses 2023: $784,045Net Income 2023: $2,389,3362023Revenue 2024: $1,316,653Expenses 2024: $598,579Net Income 2024: $718,0742024

Highlighted filing

2021

Revenue$226,813
Expenses$906,897
Net Income-$680,084
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 6, 2022
Return Version
2020v4.2
Gross Receipts
$287,606
Mission and Program Overview

Mission

To enhance the lexington public library through advocacy, strategic partnerships, and private funding.

The lexington public library foundation was formed to enhance the library services of the lexington public library's mission to connect people, inspire ideas, and transform lives in fayette county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$743,389$496,078▼ $247,311
Savings and Temporary Cash Investments$668,361$308,296▼ $360,065
Accounts Receivable$53$53→ $0
Total Assets$1,411,803$804,427▼ $607,376
Liabilities
Other Liabilities$217$664▲ $447
Total Liabilities$217$664▲ $447
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,152,621$415,976▼ $736,645
Net Assets Without Donor Restrictions$258,965$387,787▲ $128,822
Total Net Assets Fund Balance$1,411,586$803,763▼ $607,823
Total Liabilities and Net Assets / Fund Balance$1,411,803$804,427▼ $607,376

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$20,239-▲ $5,617-$25,856
2019-$20,000▲ $239-$20,239
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleOtherTotal
Karen E KingFinance Officer, Library$123,498$123,498

Board Members and Trustees

NameTitle
Erin SerrateChair
Jimmy TurekPast Chair
Ramsey BovaVice Chair
Carolyn Purcell MdBoard Member
Chapman HopkinsBoard Member
Jomo ThompsonBoard Member
Keith KeyBoard Member
Larry SmithBoard Member
Lisa SmithBoard Member
Lisa VandermaleBoard Member
Lucy JonesBoard Member
Margaret CliftonBoard Member
Mary Estes HagginBoard Member
Mary Lynne CapiloutoBoard Member
Ralph ColdironBoard Member
Selina ShepherdBoard Member
Susan LanchoBoard Member
James BrownBoard Member (partial Year)
Tiffany DanielsBoard Member (partial Year)
Heather DieffenbachExecutive Director, Librar
Roda FerraroSecretary
Christopher ReamesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$176,826
Program Service Revenue
$0
Investment Income
$12,808
Other Revenue
$37,179
All Other Contributions
$176,826
Change in Net Assets
$-680,084

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Securities Publicly Traded$25,594Fair Market Value
Total Noncash Contributions$25,594-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$868,863
Other Expenses$38,034
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$868,863--$868,863
Other Expenses-$35,500-$35,500
Fees for Service Investment Mgmnt Fees-$2,135-$2,135
Office Expenses-$399-$399
Total Functional Expenses$868,863$38,034$0$906,897
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lexington Public LibraryLexington, KY501(c)(3)To Support the Activities of the Lexington Public Library.$868,863
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$47,291
Fundraising Direct Expenses$10,112
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Booktacular$47,291$47,291$3,087$44,204
Total Events$47,291$47,291$10,112$37,179
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$664
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 B, Line 11B

“The 990 is reviewed by the organization's finance officer. A copy is sent to the entire governing board prior to filing.”

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

“Each officer and representative is expected to avoid any investment, interest, or association that interferes or might appear to interfere with the independent exercise of judgment in the foundation's best interests. Disclosures of personal interests or other circumstances that might constitute conflicts of interest are to be reported promptly by the officer or representative to the foundation board president or library's executive director, who will arrange for resolution in a manner best suited to the interest of the foundation, the individual and in accordance with applicable state law(s). When an officer or representative confronts a possible conflict of interest, prompt and full disclosure is the essential step towards resolving the problem.”

Form 990, Part VI, Section B, Line 15

“Lexington public library foundation (lplf) does not have employees. Time of lexington public library (lpl) employees is allocated as needed to lplf. Lpl does have a defined process for review and approval of compensation.”

Form 990, Part VI, Section C, Line 19

“The governing documents and conflict of interest policy are available upon request. The current year financial statement is available on the organization's web site, with historical financial statements available in the library's reference department or by request.”

Filing and Contact Details

Filer

Filer Name
Lexington Public Library Foundation
EIN
31-1565272
Phone
8592315557
Address
140 EAST MAIN STREET, LEXINGTON, KY 40507

Signing Officer

Name
Heather Dieffenbach
Title
Executive Director
Phone
8593215555
Signed
2022-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Dieffenbach
Formed
1997
Legal Domicile
Ky
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
35

Preparer

Firm
Mcm Cpas & Advisors Llp
Address
333 WEST VINE STREET, LEXINGTON, KY 40507-1368
Preparer
Theresa Batliner CPA
Phone
8595147800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The audit is presented to the organization's audit committee; after the audit committee approves it, the audit is presented to the organization's full board and approved upon by vote. The auditor selection is based on response to an rfp and voted upon by the organization's board. This process has not changed from the prior year.”

Financial Statement Notes

PART V, LINE 4:

“This is a general endowment with no restrictions to its usage.”

PART X, LINE 2:

“The foundation is exempt from income taxes under section 501(c)(3) of the internal revenue code and is classified by the internal revenue service as an organization that is not a private foundation. The foundation recognizes uncertain income tax positions using the "more-likley-than-not" approach as defined in the asc. No liability for uncertain tax positions has been recorded in the accompanying financial statements.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR, LIBRAR
IRS990/Form990PartVIISectionAGrp/TitleTxt1FINANCE OFFICER, LIBRARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt20PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER (PARTIAL YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER (PARTIAL YEAR)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt010112
IRS990/FundraisingGrossIncomeAmt047291
IRS990/GainOrLossGrp/SecuritiesAmt05423
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantAmt0868863
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0868863
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0868863
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt056104
IRS990/GrossReceiptsAmt0287606
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt07385
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07385
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0743389
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0496078
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0KY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt050681
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ENHANCE THE LEXINGTON PUBLIC LIBRARY THROUGH ADVOCACY, STRATEGIC PARTNERSHIPS, AND PRIVATE FUNDING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01411586
IRS990/NetAssetsOrFundBalancesEOYAmt0803763
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt05423
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05423
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt037179
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt037179
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt072261
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0258965
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0387787
IRS990/NoncashContributionsAmt025594
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0399
IRS990/OfficeExpensesGrp/TotalAmt0399
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OPERATING EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt035500
IRS990/OtherExpensesGrp/TotalAmt035500
IRS990/OtherLiabilitiesGrp/BOYAmt0217
IRS990/OtherLiabilitiesGrp/EOYAmt0664
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0HEATHER DIEFFENBACH
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01050185
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0214618
IRS990/PYInvestmentIncomeAmt054440
IRS990/PYOtherExpensesAmt036434
IRS990/PYOtherRevenueAmt01762
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0855335
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0251052
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01106387
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-680084
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0668361
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0308296
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0176826
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0405742
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0173429
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0290378
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0463587
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01509962
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07385
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08214
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03877
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0360
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0409
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt020245
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0177620
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.71090
IRS990ScheduleA/PublicSupportPY170Pct00.68500
IRS990ScheduleA/PublicSupportTotal170Amt01087874
IRS990ScheduleA/SubstantialContributorsTotAmt0422088
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0176826
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0405742
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0173429
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0290378
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0463587
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01509962
IRS990ScheduleA/TotalSupportAmt01530207
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
IRS990ScheduleC/DirectContactLegislatorsInd01
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd01
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONTRACTED WITH LOBBYISTS TO MONITOR LEGISLATIVE ISSUES RELATED TO LIBRARIES. THE LOBBYISTS OFFERED THEIR SERVICES PRO-BONO. REPRESENTATIVES OF THE FOUNDATION MEET WITH LEGISLATORS DURING THE LEGISLATIVE SESSION TO DISCUSS THE ROLE OF LIBRARIES IN THE COMMUNITY AND REFERENCE LEGISLATION THAT WOULD EITHER AID OR HARM LIBRARIES AS A WHOLE. THE STAFF ALSO MEETS REGULARLY WITH CITY GOVERNMENT OFFICIALS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-B, LINE 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt00
IRS990ScheduleC/VolunteersInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt020239
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt025856
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt05617
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt020000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt020239
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0239
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0664
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THIS IS A GENERAL ENDOWMENT WITH NO RESTRICTIONS TO ITS USAGE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE FOUNDATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKLEY-THAN-NOT" APPROACH AS DEFINED IN THE ASC. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$804,427
Liabilities
$664
Net assets
$803,763
Revenue
$226,813
Expenses
$906,897
Net income
-$680,084
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.18$0.48$2.70$1.32$0.60$0.72
2023Detailed filing. Detailed filing data is available for this year.$3.41$0.00$3.40$3.17$0.78$2.39
2022Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.53$0.15$0.38
2021Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.23$0.91$0.68
2020Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$1.11$0.25$0.86
2019Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.46$0.29$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.31$0.35$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.42$0.49$0.30$0.19
2016Detailed filing. Detailed filing data is available for this year.$0.23$0.01$0.22$0.12$0.11$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.07$0.05$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.06$0.04$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.00$0.15$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.04$0.17$0.56