Civic Intelligence

National First Ladies Library

990 • Fiscal year 2017 • EIN 31-1576332

Oct 01, 2016 to Sep 30, 2017 • Filed on May 18, 2018

205 Market Avenue SouthCanton, OH 44702

(330) 452-0876

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.01x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

28th percentile

0.02x

Higher debt load relative to revenue than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

66th percentile

$93,000

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

43rd percentile

1.2%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

9th percentile

-30%

Faster revenue growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,715,463

Up $31,519 (+1.2%) from 2016

Net Assets

Up

$2,697,897

Up $39,099 (+1.5%) from 2016

Liabilities

Down

$17,566

Down $7,580 (-30%) from 2016

Revenue

Down

$750,620

Down $323,994 (-30%) from 2016

Expenses

Down

$877,366

Down $193,409 (-18%) from 2016

Net Income

Down

-$126,746

Down $130,585 (-3402%) from 2016

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 2010: $7,795,870Liabilities 2010: $25,333Net Assets 2010: $7,770,5372010Assets 2015: $2,703,883Liabilities 2015: $48,924Net Assets 2015: $2,654,9592015Assets 2016: $2,683,944Liabilities 2016: $25,146Net Assets 2016: $2,658,7982016Assets 2017: $2,715,463Liabilities 2017: $17,566Net Assets 2017: $2,697,8972017Assets 2018: $2,683,713Liabilities 2018: $11,671Net Assets 2018: $2,672,0422018Assets 2019: $2,660,848Liabilities 2019: $73,234Net Assets 2019: $2,587,6142019Assets 2020: $2,768,025Liabilities 2020: $16,115Net Assets 2020: $2,751,9102020Assets 2021: $3,209,473Liabilities 2021: $42,237Net Assets 2021: $3,167,2362021Assets 2022: $2,920,559Liabilities 2022: $21,886Net Assets 2022: $2,898,6732022Assets 2023: $3,164,258Liabilities 2023: $56,807Net Assets 2023: $3,107,4512023Assets 2024: $3,391,597Liabilities 2024: $49,375Net Assets 2024: $3,342,2222024

Highlighted filing

2017

Assets$2,715,463
Liabilities$17,566
Net Assets$2,697,897

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,396,0802010Revenue 2015: $992,162Expenses 2015: $1,126,532Net Income 2015: -$134,3702015Revenue 2016: $1,074,614Expenses 2016: $1,070,775Net Income 2016: $3,8392016Revenue 2017: $750,620Expenses 2017: $877,366Net Income 2017: -$126,7462017Revenue 2018: $652,841Expenses 2018: $748,757Net Income 2018: -$95,9162018Revenue 2019: $511,635Expenses 2019: $556,888Net Income 2019: -$45,2532019Revenue 2020: $607,239Expenses 2020: $512,164Net Income 2020: $95,0752020Revenue 2021: $542,435Expenses 2021: $497,591Net Income 2021: $44,8442021Revenue 2022: $437,459Expenses 2022: $494,277Net Income 2022: -$56,8182022Revenue 2023: $607,323Expenses 2023: $507,546Net Income 2023: $99,7772023Revenue 2024: $822,479Expenses 2024: $821,681Net Income 2024: $7982024

Highlighted filing

2017

Revenue$750,620
Expenses$877,366
Net Income-$126,746
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
May 18, 2018
Return Version
2016v3.1
Gross Receipts
$772,740
Mission and Program Overview

Mission

To educate the public about the contributions of america's first ladies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$705,363$658,251▼ $47,112
Cash and Non-Interest-Bearing Accounts$106,431$306,295▲ $199,864
Inventories for Sale or Use$134,415$117,983▼ $16,432
Prepaid Expenses and Deferred Charges$16,561$12,977▼ $3,584
Total Assets$2,683,944$2,715,463▲ $31,519
Other Assets Total$1,721,174$1,619,957▼ $101,217
Liabilities
Accounts Payable and Accrued Expenses$25,146$17,566▼ $7,580
Total Liabilities$25,146$17,566▼ $7,580
Net Assets / Fund Balance
Unrestricted Net Assets$2,646,208$2,685,307▲ $39,099
Temporarily Rstr Net Assets$12,590$12,590→ $0
Total Net Assets Fund Balance$2,658,798$2,697,897▲ $39,099
Total Liabilities and Net Assets / Fund Balance$2,683,944$2,715,463▲ $31,519

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$35,436$2,312,705$2,348,141
Leasehold Improvements$294,099$147,278$441,377
Other Land Buildings$28,716$356,461$385,177
Land$300,000-$300,000
Other Assets Org$282,079--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,439,095-▲ $177,980$272,000$1,337,878
2015$1,334,323-▲ $111,710-$1,439,095
2014$1,480,345-▼ $58,698-$1,334,323
2013$1,391,954-▲ $95,811-$1,480,345
2012$1,240,671-▲ $157,924-$1,391,954
Compensation and Service Providers

Employees

NameTitleBaseTotal
Pat KriderOperations D$93,000$93,000

Board Members and Trustees

NameTitle
William BlairChairman
Jennifer HighfieldPresident &
Marilyn Thomas JonesVice Chair
Allyson BusseyBoard Member
Craig KenkelBoard Member
David RegulaBoard Member
Fran BuchholzerBoard Member
Jacqueline MusacchiaBoard Member
Jennie VasarhelyiBoard Member
Karen GillmorBoard Member
Linda DehoffBoard Member
Shanna SpringerBoard Member
Barbara AbbottSecretary
Pat QuickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$680,228
Program Service Revenue
$44,474
Investment Income
$12,190
Other Revenue
$13,728
All Other Contributions
$6,052
Change in Net Assets
$-126,746

Audited Revenue Reconciliation

Revenue per Audited Statements
$772,740
Revenue Not Reported on Financial Statements
$-22,120
Revenue Not Reported on Form 990
$165,845
Other Revenue Adjustments
$-22,120
Total Revenue per Audited Statements
$938,585
Total Revenue per Form 990
$750,620
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$494,147
Other Expenses$383,219
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$315,963$15,437-$331,400
Current Officers, Directors, Trustees, and Key Employees-$93,000-$93,000
All Other Expenses$59,570$10,560-$70,130
Depreciation Depletion$40,958$10,239-$51,197
Other Employee Benefits$25,675$9,549-$35,224
Payroll Taxes$26,283$8,240-$34,523
Insurance$20,957$5,289-$26,246
Advertising$17,690$5,458-$23,148
Other Expenses$10,460$2,008-$12,468
Travel$6,274$5,489-$11,763
Fees for Services Accounting-$10,500-$10,500
Office Expenses$1,932$615-$2,547
Fees for Services Legal-$239-$239
Total Functional Expenses$623,678$253,688$0$877,366

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$899,486
Total Expenses per Audited Statements$899,486
Total Expenses per Form 990$877,366
Expenses Not Reported on Financial Statements$-22,120
Other Expense Adjustments$-22,120
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Martha RegulaSister -bd MemEmployeeNo$14,831
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
Yes
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
No
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

Power to review, approve and sign annual 990 is delegated to the governing board and president/ceo.

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

Salary is determined on compensation paid for similar positions held locally and through discussion with the board

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

Salary is determined on compensation paid for similar positions held locally and through discussion with the board

Form 990, Page 6, Part VI, Line 19

Governing documents and financial statements are available upon request

Filing and Contact Details

Filer

Filer Name
National First Ladies Library
EIN
31-1576332
Address
205 MARKET AVENUE SOUTH, CANTON, OH 44702

Signing Officer

Name
Jennifer Highfield
Title
President & CEO
Phone
3304520876
Signed
2018-05-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Highfield
Formed
1998
Legal Domicile
Oh
Voting Board Members
13
Independent Board Members
13
Employees
21
Volunteers
35

Preparer

Firm
Linc Malachin & Dennis Inc
Address
1915 W MARKET ST STE 900, AKRON, OH 44313-6936
Preparer
Colleen M Dennis CPA
Phone
3308672800
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Gift shop - sale of related purpose items

Form 990, Part XI, Line 9

Cost of goods sold 22,120 cost of goods sold -22,120

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Cost of goods sold -22,120

Schedule D, Page 4, Part XII, Line 4B

Cost of goods sold -22,120

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