Civic Intelligence

National First Ladies Library

990 • Fiscal year 2023 • EIN 31-1576332

Oct 01, 2022 to Sep 30, 2023 • Filed on Jun 24, 2024

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

36th percentile

0.02x

Higher debt load relative to assets than 36% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

51st percentile

0.09x

Higher debt load relative to revenue than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

70th percentile

16%

Higher net margin than 70% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

57th percentile

$77,029

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 12.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

60th percentile

8.3%

Faster asset growth than 60% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

79th percentile

39%

Faster revenue growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,164,258

Up $243,699 (+8.3%) from 2022

Net Assets

Up

$3,107,451

Up $208,778 (+7.2%) from 2022

Liabilities

Up

$56,807

Up $34,921 (+160%) from 2022

Revenue

Up

$607,323

Up $169,864 (+39%) from 2022

Expenses

Up

$507,546

Up $13,269 (+2.7%) from 2022

Net Income

Up

$99,777

Up $156,595 (+276%) from 2022

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

2023

Assets$3,164,258
Liabilities$56,807
Net Assets$3,107,451

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

2023

Revenue$607,323
Expenses$507,546
Net Income$99,777
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jun 24, 2024
Return Version
2022v5.0
Gross Receipts
$613,181
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$564,996$610,383▲ $45,387
Cash and Non-Interest-Bearing Accounts$370,743$437,172▲ $66,429
Inventories for Sale or Use$93,585$97,439▲ $3,854
Pledges and Grants Receivable-$12,500-
Prepaid Expenses and Deferred Charges$1,000--
Total Assets$2,920,559$3,164,258▲ $243,699
Other Assets Total$1,890,235$2,006,764▲ $116,529
Liabilities
Accounts Payable and Accrued Expenses$21,886$56,807▲ $34,921
Total Liabilities$21,886$56,807▲ $34,921
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,886,083$3,094,861▲ $208,778
Net Assets With Donor Restrictions$12,590$12,590→ $0
Total Net Assets Fund Balance$2,898,673$3,107,451▲ $208,778
Total Liabilities and Net Assets / Fund Balance$2,920,559$3,164,258▲ $243,699

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$51,606$2,339,347$2,390,953
Leasehold Improvements$230,137$220,240$450,377
Other Land Buildings$28,640$381,538$410,178
Land$300,000-$300,000
Other Assets Org$297,724--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$1,599,156-▲ $195,374$72,474$1,709,040
2021$1,804,057-▼ $191,923-$1,599,156
2020$1,435,836-▲ $381,048-$1,804,057
2019$1,386,548-▲ $59,676-$1,435,836
2018$1,411,833-▼ $15,149-$1,386,548
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer HighfieldPrior PresidFT$77,029$77,029

Board Members and Trustees

NameTitle
Allyson BusseyBoard Member
Ann Womer BenjaminBoard Member
Christine PetersonBoard Member
Darlene SchuringBoard Member
David RegulaBoard Member
Karen GillmorBoard Member
Marilyn Thomas JonesBoard Member
Sarah SyrstadBoard Member
Shanna SpringerBoard Member
Sue TimkenBoard Member
William BlairBoard Member
Jacqueline MusacchiaBoard Presid
Linda DehoffBoard Vice P
Patty Dowd SchmitzCurrent CEO
Barbara AbbotSecretary
Pat QuickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$550,017
Program Service Revenue
$29,744
Investment Income
$98
Other Revenue
$27,464
All Other Contributions
$131,756
Change in Net Assets
$99,777

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$31,861Market Rent
Total Noncash Contributions1$31,861-

Audited Revenue Reconciliation

Revenue per Audited Statements
$613,181
Revenue Not Reported on Financial Statements
$-5,858
Revenue Not Reported on Form 990
$109,001
Other Revenue Adjustments
$-5,858
Total Revenue per Audited Statements
$722,182
Total Revenue per Form 990
$607,323
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$262,812
Salaries, Compensation, and Employee Benefits$244,734
Total Fundraising Expense$20,192
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$133,518--$133,518
Current Officers, Directors, Trustees, and Key Employees-$56,837$20,192$77,029
All Other Expenses$33,889$18,167-$52,056
Occupancy$15,683$15,683-$31,366
Insurance$22,238$6,230-$28,468
Advertising$5,635$21,461-$27,096
Payroll Taxes$8,233$9,985-$18,218
Other Employee Benefits$14,693$1,276-$15,969
Other Expenses$11,146$3,438-$14,584
Depreciation Depletion$9,407$4,702-$14,109
Travel$6,317$5,850-$12,167
Fees for Services Accounting-$10,530-$10,530
Office Expenses$1,724$825-$2,549
Fees for Services Legal-$75-$75
Total Functional Expenses$292,411$194,943$20,192$507,546

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$513,404
Total Expenses per Audited Statements$513,404
Total Expenses per Form 990$507,546
Expenses Not Reported on Financial Statements$-5,858
Other Expense Adjustments$-5,858
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
Backup withholding compliance
No
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

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

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

Statements submitted annually

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
Patty Dowd Schmitz
Title
Current CEO
Signed
2024-06-24

Organization Details

Principal Officer
Patty Dowd Schmitz
Formed
1998
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
4
Volunteers
20

Preparer

Firm
Holbrook & Manter Inc
Address
611 W TURKEYFOOT LAKE RD SUITE A, AKRON, OH 44319
Preparer
George a Malachin Jr CPA
Phone
7403878620
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Displays 13,144 0 0 supplies 8,439 2,937 0 copier 4,877 2,238 0 miscellaneous 1,663 2,552 0 special events 1,773 2,113 0 payroll fees 266 3,467 0 repairs & maintenance 819 2,509 0 collections 2,502 0 0 website updates & books 103 1,700 0 bank fees 303 232 0 dues & subscriptions 0 419 0 total 33,889 18,167 0

Form 990, Part XI, Line 9

Net increase in scf beneficial interest 181,475 grant from beneficial interest in scf -72,474 total 109,001

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Net change in beneficial assets 181,475 grants distributed from beneficial interest in assets held -72,474

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

Cost of goods sold -5,858

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

Cost of goods sold -5,858

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