Civic Intelligence

Peninsula Library Foundation

990 • Fiscal year 2021 • EIN 34-1751216

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 19, 2022

PO Box 292Peninsula, OH 44264

(330) 657-2291

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

96th percentile

81%

Higher net margin than 96% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

66th percentile

18%

Faster asset growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

7.6%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,231,249

Up $345,981 (+18%) from 2020

Net Assets

Up

$2,231,249

Up $345,981 (+18%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$247,267

Up $17,438 (+7.6%) from 2020

Expenses

Up

$46,120

Up $4,938 (+12%) from 2020

Net Income

Up

$201,147

Up $12,500 (+6.6%) from 2020

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 2015: $953,447Liabilities 2015: $0Net Assets 2015: $953,4472015Assets 2016: $1,014,840Liabilities 2016: $0Net Assets 2016: $1,014,8402016Assets 2017: $1,230,406Liabilities 2017: $0Net Assets 2017: $1,230,4062017Assets 2018: $1,284,661Liabilities 2018: $0Net Assets 2018: $1,284,6612018Assets 2019: $1,597,734Liabilities 2019: $0Net Assets 2019: $1,597,7342019Assets 2020: $1,885,268Liabilities 2020: $0Net Assets 2020: $1,885,2682020Assets 2021: $2,231,249Liabilities 2021: $0Net Assets 2021: $2,231,2492021Assets 2022: $1,975,778Liabilities 2022: $0Net Assets 2022: $1,975,7782022Assets 2023: $2,468,040Liabilities 2023: $0Net Assets 2023: $2,468,0402023

Highlighted filing

2021

Assets$2,231,249
Liabilities$0
Net Assets$2,231,249

Operations Trend

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

$300K$200K$100K$0Revenue 2015: $65,085Expenses 2015: $34,922Net Income 2015: $30,1632015Revenue 2016: $44,992Expenses 2016: $35,598Net Income 2016: $9,3942016Revenue 2017: $197,816Expenses 2017: $36,517Net Income 2017: $161,2992017Revenue 2018: $226,481Expenses 2018: $35,666Net Income 2018: $190,8152018Revenue 2019: $195,968Expenses 2019: $32,017Net Income 2019: $163,9512019Revenue 2020: $229,829Expenses 2020: $41,182Net Income 2020: $188,6472020Revenue 2021: $247,267Expenses 2021: $46,120Net Income 2021: $201,1472021Revenue 2022: $203,677Expenses 2022: $47,470Net Income 2022: $156,2072022Revenue 2023: $292,387Expenses 2023: $53,527Net Income 2023: $238,8602023

Highlighted filing

2021

Revenue$247,267
Expenses$46,120
Net Income$201,147
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 19, 2022
Return Version
2021v4.2
Gross Receipts
$321,436
Mission and Program Overview

Mission

The peninsula library foundation, a functionally integrated but independently organized entity operated by volunteers serving as its board of trustees, exists solely to support the peninsula library & historical society (pl&hs). It solicits contributions, manages an endowment and offers funding to the pl&hs.

To support the peninsula library & historical society through a managed endowment fund.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,856,936$2,178,885▲ $321,949
Cash and Non-Interest-Bearing Accounts$28,332$52,364▲ $24,032
Total Assets$1,885,268$2,231,249▲ $345,981
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,685,268$2,031,249▲ $345,981
Net Assets With Donor Restrictions$200,000$200,000→ $0
Total Net Assets Fund Balance$1,885,268$2,231,249▲ $345,981
Total Liabilities and Net Assets / Fund Balance$1,885,268$2,231,249▲ $345,981

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,885,268$132,279▲ $259,822$19,183$2,231,249
2020$1,597,734$126,175▲ $202,541$16,827$1,885,268
2019$1,284,661$134,495▲ $210,595$15,232$1,597,734
2018$1,230,406$149,795▼ $75,345$14,388$1,284,661
2017$1,014,840$116,155▲ $135,928$18,711$1,230,406
Compensation and Service Providers

Board Members and Trustees

NameTitle
Catherine TimkoPresident
Dawn CandaVice President
Michael DuffDirector
Nicholas BelluardoDirector
Tara SchultzDirector
-Institutional Trustee
Walter HeripSecretary
Delores QuinnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$132,279
Program Service Revenue
$0
Investment Income
$114,988
Other Revenue
$0
All Other Contributions
$132,279
Change in Net Assets
$201,147
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,937
Grants and Similar Amounts Paid$19,183
Total Fundraising Expense$1,466
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$19,183--$19,183
Fees for Service Investment Mgmnt Fees-$17,864-$17,864
Fees for Services Other$1,467$1,467$1,466$4,400
Fees for Services Accounting-$1,500-$1,500
Insurance-$1,429-$1,429
Advertising-$1,062-$1,062
Office Expenses-$116-$116
Other Expenses-$100-$100
Total Functional Expenses$20,650$24,004$1,466$46,120
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Peninsula Library & Historical SocietyPeninsula, OH501(c)3For Operation of the Library.$19,183
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Copies of the completed form 990 are provided to the governing body and reviewed during scheduled meetings.

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

Board members, employees and paid contractors are required to sign the conflict of interest policy annually to show agreement and compliance.

Form 990, Part VI, Section B, Line 15

The organization does not have any employees, therefore these policies are not applicable.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Peninsula Library Foundation
EIN
34-1751216
Phone
3306572291
Address
PO BOX 292, PENINSULA, OH 44264

Signing Officer

Name
Delores Quinn
Title
Treasurer
Phone
3306572291
Signed
2022-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Catherine Timko
Formed
1993
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Sikich Llp
Address
274 WHITE POND DRIVE, AKRON, OH 44320-1118
Preparer
Bridgette Mugge
Phone
3308646661
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0AS AN INSTITUTIONAL MEMBER OF THE FOUNDATION BOARD, THE PENINSULA LIBRARY & HISTORICAL SOCIETY'S REPRESENTATIVE MUST BE PRESENT FOR A QUORUM OF THE FOUNDATION BOARD TO APPROVE ANY DECISIONS REGARDING INVESTMENTS AND DISBURSEMENTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE PENINSULA LIBRARY FOUNDATION EXISTS SOLELY TO SUPPORT THE PENINSULA LIBRARY & HISTORICAL SOCIETY. IN 2021 IT SOLICITED AND ACCEPTED CONTRIBUTIONS TOTALING $132,279 AND MADE DISBURSEMENTS OF $19,183 TO THE PENINSULA LIBRARY & HISTORICAL SOCIETY. THE BALANCE WAS PLACED IN PROFESSIONALLY MANAGED INVESTMENTS. THE PENINSULA LIBRARY & HISTORICAL SOCIETY IS AN ASSOCIATION LIBRARY THAT RECEIVES FUNDING FROM THE OHIO PUBLIC LIBRARY FUND.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE PENINSULA LIBRARY FOUNDATION SUPPORTS THE PENINSULA PUBLIC LIBRARY AND HISTORICAL SOCIETY WHICH IS A GOVERNMENTAL ENTITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 1C
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION A, LINE 2:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0340892444
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt019183
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PENINSULA LIBRARY & HISTORICAL SOCIETY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt019183
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
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.91040
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt026937
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01885268
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0132279
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02231249
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0259822
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt019183
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt024355
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01597734
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0126175
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01885268
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0202541
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt016827
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt016785
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01284661
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0134495
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01597734
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0210595
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt015232
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt022302
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01230406
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0149795
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01284661
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-75345
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt014388
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt017806
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01014840
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0116155
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01230406
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0135928
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt018711
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.08960
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt019183
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FOR OPERATION OF THE LIBRARY.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PENINSULA LIBRARY & HISTORICAL SOCIETY
IRS990ScheduleI/RecipientTable/RecipientEIN0340892444
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt06105 RIVERVIEW ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PENINSULA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd044264
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0USE OF GRANT FUNDS IS MONITORED BY THE BOARD IN CONNECTION WITH THE PENINSULA LIBRARY & HISTORICAL SOCIETY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES OF THE COMPLETED FORM 990 ARE PROVIDED TO THE GOVERNING BODY AND REVIEWED DURING SCHEDULED MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS, EMPLOYEES AND PAID CONTRACTORS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY TO SHOW AGREEMENT AND COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES, THEREFORE THESE POLICIES ARE NOT APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PENINSULA LIBRARY & HISTORICAL SOCIETY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0340892444
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LIBRARY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt06105 RIVERVIEW ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PENINSULA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd044264
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01885268
IRS990/TotalAssetsEOYAmt02231249
IRS990/TotalAssetsGrp/BOYAmt01885268
IRS990/TotalAssetsGrp/EOYAmt02231249
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0132279
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01466
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024004
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt020650
IRS990/TotalFunctionalExpensesGrp/TotalAmt046120
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01885268
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02231249
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt020650

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