Civic Intelligence

Kent Free Library Foundation Inc.

990 • Fiscal year 2017 • EIN 34-0003580

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 15, 2018

312 West Main StreetKent, OH 44240-2417

(330) 673-4414

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

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

Top Officer Pay

70th percentile

$101,460

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 226.3% of source-year revenue.

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

Asset Growth

57th percentile

5.5%

Faster asset growth than 57% of similar nonprofits.

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

Revenue Growth

4th percentile

-55%

Faster revenue growth than 4% of similar nonprofits.

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

Assets

Up

$1,502,371

Up $77,992 (+5.5%) from 2016

Net Assets

Up

$1,502,371

Up $77,992 (+5.5%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$44,830

Down $54,241 (-55%) from 2016

Expenses

Up

$20,888

Up $9,821 (+89%) from 2016

Net Income

Down

$23,942

Down $64,062 (-73%) from 2016

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 2010: $779,686Liabilities 2010: $0Net Assets 2010: $779,6862010Assets 2011: $833,323Liabilities 2011: $0Net Assets 2011: $833,3232011Assets 2012: $861,055Liabilities 2012: $0Net Assets 2012: $861,0552012Assets 2013: $1,161,532Liabilities 2013: $0Net Assets 2013: $1,161,5322013Assets 2014: $1,269,331Liabilities 2014: $0Net Assets 2014: $1,269,3312014Assets 2015: $1,291,100Liabilities 2015: $0Net Assets 2015: $1,291,1002015Assets 2016: $1,424,379Liabilities 2016: $0Net Assets 2016: $1,424,3792016Assets 2017: $1,502,371Liabilities 2017: $0Net Assets 2017: $1,502,3712017Assets 2018: $1,346,322Liabilities 2018: $0Net Assets 2018: $1,346,3222018Assets 2019: $1,504,337Liabilities 2019: $0Net Assets 2019: $1,504,3372019Assets 2020: $2,004,043Liabilities 2020: $0Net Assets 2020: $2,004,0432020Assets 2021: $2,372,790Liabilities 2021: $0Net Assets 2021: $2,372,7902021Assets 2022: $2,258,746Liabilities 2022: $0Net Assets 2022: $2,258,7462022Assets 2023: $2,397,270Liabilities 2023: $0Net Assets 2023: $2,397,2702023Assets 2024: $2,521,321Liabilities 2024: $0Net Assets 2024: $2,521,3212024

Highlighted filing

2017

Assets$1,502,371
Liabilities$0
Net Assets$1,502,371

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $865,9132010Expenses 2011: $47,1362011Expenses 2012: $15,4042012Revenue 2013: $217,540Expenses 2013: $13,189Net Income 2013: $204,3512013Revenue 2014: $91,523Expenses 2014: $15,912Net Income 2014: $75,6112014Revenue 2015: $92,913Expenses 2015: $12,131Net Income 2015: $80,7822015Revenue 2016: $99,071Expenses 2016: $11,067Net Income 2016: $88,0042016Revenue 2017: $44,830Expenses 2017: $20,888Net Income 2017: $23,9422017Revenue 2018: $33,892Expenses 2018: $96,748Net Income 2018: -$62,8562018Revenue 2019: $43,683Expenses 2019: $26,851Net Income 2019: $16,8322019Revenue 2020: $430,520Expenses 2020: $12,928Net Income 2020: $417,5922020Revenue 2021: $235,213Expenses 2021: $80,552Net Income 2021: $154,6612021Revenue 2022: $95,574Expenses 2022: $25,630Net Income 2022: $69,9442022Revenue 2023: -$9,021Expenses 2023: $30,100Net Income 2023: -$39,1212023Revenue 2024: $73,183Expenses 2024: $13,388Net Income 2024: $59,7952024

Highlighted filing

2017

Revenue$44,830
Expenses$20,888
Net Income$23,942
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 15, 2018
Return Version
2017v2.3
Gross Receipts
$69,416
Mission and Program Overview

Mission

The foundation serves only as a vehicle to receive essentially unsolicited donations which are used to benefit the kent free library.

The foundation serves as a vehicle to receive essentially unsolicited donations which are used to benefit the kent free library and it's programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$706,510$885,131▲ $178,621
Land, Buildings, and Equipment, Net$388,407$388,407→ $0
Savings and Temporary Cash Investments$329,462$228,833▼ $100,629
Total Assets$1,424,379$1,502,371▲ $77,992
Liabilities
Accounts Payable and Accrued Expenses-$0-
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,275,625$1,353,617▲ $77,992
Temporarily Rstr Net Assets$143,753$143,753→ $0
Permanently Rstr Net Assets$5,001$5,001→ $0
Total Net Assets Fund Balance$1,424,379$1,502,371▲ $77,992
Total Liabilities and Net Assets / Fund Balance$1,424,379$1,502,371▲ $77,992

Asset Categories

AssetBook ValueDepreciationBasis
Land$388,407-$388,407
Other Land Buildings$0$880$880
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Stacey RichardsonSecretaryPT$101,460$101,460

Board Members and Trustees

NameTitle
Charles ZumkehrPresident
Iris MeltzerVice President
Asad KahnTrustee
John RyanTrustee
James BearTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$20,587
Program Service Revenue
$0
Investment Income
$5,768
Other Revenue
$18,475
All Other Contributions
$20,587
Change in Net Assets
$23,942
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,888
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
Fees for Services Accounting-$5,600-$5,600
Conferences and Meetings-$1,923-$1,923
Office Expenses-$781-$781
Other Expenses$505$384-$384
All Other Expenses$285--$285
Total Functional Expenses$12,200$8,688$0$20,888
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
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Organization's process to review form 990 reviewed by board of trustees at one of their board meetings, draft is reviewed by an officer before filing.

Form 990, Part VI, Section C, Line 19

Form 990 is available to the public via guidestar website. Copies of any governing documents, tax returns, and financial statements are available upon written request.

Filing and Contact Details

Filer

Filer Name
Kent Free Library Foundation Inc
EIN
34-0003580
Phone
3306734414
Address
312 WEST MAIN STREET, KENT, OH 44240-2417

Signing Officer

Name
James Bear
Title
Treasurer
Phone
3306734414
Signed
2018-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Zumkehr
Formed
1977
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Apple Growth Partners
Address
2275 STATE ROUTE 59, KENT, OH 44240
Preparer
Thomas R Hager CPA
Phone
3306785203
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION SUPPORTS THE KENT FREE LIBRARY, A GOVERNMENTAL UNIT. THEY WERE SET UP TO RECEIVE AND MONITOR DONATIONS TO THE LIBRARY FOR EDUCATIONAL AND LITERARY PURPOSES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE LIBRARY DIRECTOR SITS ON THE ORGANIZATION'S BOARD TO ENSURE THAT FUNDS ARE USED TO SUPPORT PROGRAMS OF THE LIBRARY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE LIBRARY DIRECTOR IS A BOARD MEMBER AND ACTING SECRETARY. THE LIBRARY'S PRESIDENT ALSO SITS ON THE ORGANIZATION'S BOARD. OTHER BOARD MEMBERS ARE NOT ON BOTH, BUT ARE ACTIVE IN SUPPORT OF LIBRARY FUNCTIONS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS AVAILABLE TO THE PUBLIC VIA GUIDESTAR WEBSITE. COPIES OF ANY GOVERNING DOCUMENTS, TAX RETURNS, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
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ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.52$0.00$2.52$0.07$0.01$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.40$0.00$2.40$0.01$0.03$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.26$0.00$2.26$0.10$0.03$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$0.24$0.08$0.15
2020Detailed filing. Detailed filing data is available for this year.$2.00$0.00$2.00$0.43$0.01$0.42
2019Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.04$0.03$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.03$0.10$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.04$0.02$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.42$0.00$1.42$0.10$0.01$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.09$0.01$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.09$0.02$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.22$0.01$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.00$0.86$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.00$0.83$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.00$0.78$0.87