Civic Intelligence

Friends of the Cleveland Public Library

990 • Fiscal year 2023 • EIN 34-6565428

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 11, 2024

325 Superior Ave ECleveland, OH 44114

(216) 623-2821

Siviq Scores

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

Liabilities / Assets

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

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

Liabilities / Revenue

35th percentile

0.03x

Higher debt load relative to revenue than 35% of similar nonprofits.

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

Net Margin

96th percentile

79%

Higher net margin than 96% of similar nonprofits.

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

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.

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

Asset Growth

97th percentile

205%

Faster asset growth than 97% of similar nonprofits.

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

Revenue Growth

95th percentile

184%

Faster revenue growth than 95% of similar nonprofits.

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

Assets

Up

$2,496,453

Up $1,678,048 (+205%) from 2022

Net Assets

Up

$2,440,130

Up $1,631,748 (+202%) from 2022

Liabilities

Up

$56,323

Up $46,300 (+462%) from 2022

Revenue

Up

$1,993,829

Up $1,291,719 (+184%) from 2022

Expenses

Down

$409,740

Down $80,038 (-16%) from 2022

Net Income

Up

$1,584,089

Up $1,371,757 (+646%) from 2022

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: $745,558Liabilities 2010: $5,287Net Assets 2010: $740,2712010Assets 2011: $726,678Liabilities 2011: $2,250Net Assets 2011: $724,4282011Assets 2013: $919,270Liabilities 2013: $13,078Net Assets 2013: $906,1922013Assets 2014: $1,078,565Liabilities 2014: $11,810Net Assets 2014: $1,066,7552014Assets 2015: $953,661Liabilities 2015: $7,595Net Assets 2015: $946,0662015Assets 2017: $592,882Liabilities 2017: $7,970Net Assets 2017: $584,9122017Assets 2018: $415,048Liabilities 2018: $40,062Net Assets 2018: $374,9862018Assets 2019: $518,114Liabilities 2019: $10,947Net Assets 2019: $507,1672019Assets 2020: $613,070Liabilities 2020: $18,227Net Assets 2020: $594,8432020Assets 2021: $692,602Liabilities 2021: $42,405Net Assets 2021: $650,1972021Assets 2022: $818,405Liabilities 2022: $10,023Net Assets 2022: $808,3822022Assets 2023: $2,496,453Liabilities 2023: $56,323Net Assets 2023: $2,440,1302023Assets 2024: $1,697,365Liabilities 2024: $545,802Net Assets 2024: $1,151,5632024

Highlighted filing

2023

Assets$2,496,453
Liabilities$56,323
Net Assets$2,440,130

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $141,1412010Expenses 2011: $154,4182011Revenue 2013: $149,087Expenses 2013: $172,452Net Income 2013: -$23,3652013Revenue 2014: $382,701Expenses 2014: $243,741Net Income 2014: $138,9602014Revenue 2015: $452,352Expenses 2015: $473,493Net Income 2015: -$21,1412015Revenue 2017: $322,863Expenses 2017: $410,596Net Income 2017: -$87,7332017Revenue 2018: $267,683Expenses 2018: $391,871Net Income 2018: -$124,1882018Revenue 2019: $459,958Expenses 2019: $351,016Net Income 2019: $108,9422019Revenue 2020: $268,682Expenses 2020: $204,048Net Income 2020: $64,6342020Revenue 2021: $436,979Expenses 2021: $396,491Net Income 2021: $40,4882021Revenue 2022: $702,110Expenses 2022: $489,778Net Income 2022: $212,3322022Revenue 2023: $1,993,829Expenses 2023: $409,740Net Income 2023: $1,584,0892023Revenue 2024: $594,272Expenses 2024: $1,910,860Net Income 2024: -$1,316,5882024

Highlighted filing

2023

Revenue$1,993,829
Expenses$409,740
Net Income$1,584,089
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.0
Gross Receipts
$1,993,829
Mission and Program Overview

Mission

The friends of the cleveland public library engages and inspires individuals, businesses, and philanthropic organizations to support the programs, services, and collections of the cleveland public library. The organization provides the community with opportunities to participate in the success of the library through membership, volunteer opportunities, community partnerships, special events, literary programs, and the recycling and sale of used books.

Cleveland public library foundation's mission is to raise philanthropic and advocacy support for the cleveland public library.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$253,521$1,895,120▲ $1,641,599
Investments in Publicly Traded Securities$261,884$304,495▲ $42,611
Pledges and Grants Receivable$300,000$271,830▼ $28,170
Savings and Temporary Cash Investments-$22,008-
Inventories for Sale or Use$3,000$3,000→ $0
Total Assets$818,405$2,496,453▲ $1,678,048
Liabilities
Grants Payable-$41,146-
Accounts Payable and Accrued Expenses$10,023$15,177▲ $5,154
Total Liabilities$10,023$56,323▲ $46,300
Net Assets / Fund Balance
Net Assets With Donor Restrictions$381,740$1,853,731▲ $1,471,991
Net Assets Without Donor Restrictions$426,642$586,399▲ $159,757
Total Net Assets Fund Balance$808,382$2,440,130▲ $1,631,748
Total Liabilities and Net Assets / Fund Balance$818,405$2,496,453▲ $1,678,048
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,953,290
Program Service Revenue
$40,539
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,953,290
Change in Net Assets
$1,584,089

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,993,829
Revenue Not Reported on Form 990
$47,649
Total Revenue per Audited Statements
$2,041,478
Total Revenue per Form 990
$1,993,829
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$409,740
Total Fundraising Expense$23,942
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$31,824$22,277$9,547$63,648
Fees for Services Accounting-$30,131-$30,131
Information Technology$8,029-$13,603$21,632
Office Expenses$6,387$6,327$178$12,892
Conferences and Meetings$11,603$627$314$12,544
Occupancy$11,100$600$300$12,000
Advertising$7,864--$7,864
Other Expenses$2,891--$2,891
Insurance$500$473-$973
All Other Expenses$126--$126
Total Functional Expenses$325,363$60,435$23,942$409,740

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$409,740
Total Expenses per Audited Statements$409,740
Total Expenses per Form 990$409,740
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
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
Yes
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, Page 6, Part VI, Line 11B

The form 990 is reviewed by the president and/or the treasurer for any changes that should be made prior to filing.

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

Each year, every board member is required to complete a "conflict of interest affirmation of compliance" with the foundation's conflict of interest policy.

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

The foundation's management services contract with the cleveland public library, dated january 2021, is evaluated annually by the board of directors.

Form 990, Page 6, Part VI, Line 19

The organization's documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Cleveland Public Library
EIN
34-6565428
Phone
2166232821
Address
325 SUPERIOR AVE E, CLEVELAND, OH 44114

Signing Officer

Name
Ron Johnson
Title
Treasurer
Phone
2166232821
Signed
2024-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron Johnson
Formed
1957
Legal Domicile
Oh
Voting Board Members
26
Independent Board Members
26
Employees
0
Volunteers
60

Preparer

Firm
H & J Certified Public Accountants Inc
Address
7555 FREDLE DR STE 110, CONCORD, OH 44077
Preparer
Rolland B Standish
Phone
4409512997
Supplemental Narrative

Additional Explanations

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

The cleveland public library foundation exists to raise philanthropic support for cleveland public library. The foundation allows the library to do more for the people of this community given the work outside the scope of traditional library services is not funded by the state and local tax dollars received by the library. When you invest in the work of the cleveland public library through the foundation, you invest in the city of cleveland. Your investment impacts the following areas: foundation goals goal 1 achieve financial targets implement fmp (facilities master plan) capital enhancements to augment the cleveland public library ten-year capital plan to improve all 27 of its neighborhood branches, the foundation will lead fundraising efforts for fmp capital enhancements to activate the system's outdoor spaces at each branch inclusive of naming opportunities. The goal is to create outdoor environments to serve as welcoming and inclusive spaces that bring library programs and services directly into the communities they serve. Each space will be developed in tandem with the library's capital projects team and will reflect the diverse and distinct neighborhoods in which they reside. Fmp capital enhancements will address the library's broader strategic goals in the following ways: goal 2 ensure the long-term financial sustainability of the foundation build the operating reserves of the foundation and develop reserve funding policy. Goal 3 raise funding to support reading literacy & digital equity programs the foundation will raise funding for library reading and digital equity programs to help the library address these issues. Funding for programs in these areas will allow the library to serve more audiences in the city of cleveland and beyond. Goal 4 provide financial support for library programs that address real- time community needs the foundation will provide fundraising dollars to the library to support other areas of its strategic plan that address real-time community needs. Goal 5 bolster the foundation's reputation in the region through enhancing board infrastructure to engage new audiences build the reputation of the organization by engaging new audiences. This will be achieved through the lens of par: - philanthropy: give or get new fundraising dollars - advocacy: participate in advocacy efforts that yield financial, legislative, and/or policy resources for the library and its mission - relationships: identify new audiences to introduce the work of the library & foundation ensure every child reads: cleveland public library prioritizes its youth literacy efforts. From story time, tutoring, and homework help to resources for parents and educators, our role is to ensure children have the tools they need to be successful readers. Community connector: the library serves as a connector for social services and other basic need resources for the community. Whether adult patrons need access to education services or children need access to healthy food options, you can find it at cleveland public library. Workforce ready: through programs, services, and community partnerships cleveland public library ensures clevelanders have the skills and resources they need to be successful in the workforce. Bridge the cultural divide: the library offers people a platform to learn first hand from each other and come to appreciate the variety and richness of the worlds cultures. Emerging technology, our featured exhibitions, and collections presents opportunities to broaden the avenues for intercultural engagement.

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the "code") as a charitable organization whereby only unrelated business income, as defined by section 509(a)(1) of the code, is subject to federal income tax. The foundation currently has no unrelated business income. Accordingly, no provision for income taxes has been recorded.

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IRS990/Desc0THE CLEVELAND PUBLIC LIBRARY FOUNDATION EXISTS TO RAISE PHILANTHROPIC SUPPORT FOR CLEVELAND PUBLIC LIBRARY. THE FOUNDATION ALLOWS THE LIBRARY TO DO MORE FOR THE PEOPLE OF THIS COMMUNITY GIVEN THE WORK OUTSIDE THE SCOPE OF TRADITIONAL LIBRARY SERVICES IS NOT FUNDED BY THE STATE AND LOCAL TAX DOLLARS RECEIVED BY THE LIBRARY. WHEN YOU INVEST IN THE WORK OF THE CLEVELAND PUBLIC LIBRARY THROUGH THE FOUNDATION, YOU INVEST IN THE CITY OF CLEVELAND. YOUR INVESTMENT IMPACTS THE FOLLOWING AREAS: FOUNDATION GOALS GOAL 1 ACHIEVE FINANCIAL TARGETS IMPLEMENT FMP (FACILITIES MASTER PLAN) CAPITAL ENHANCEMENTS TO AUGMENT THE CLEVELAND PUBLIC LIBRARY TEN-YEAR CAPITAL PLAN TO IMPROVE ALL 27 OF ITS NEIGHBORHOOD BRANCHES, THE FOUNDATION WILL LEAD FUNDRAISING EFFORTS FOR FMP CAPITAL ENHANCEMENTS TO ACTIVATE THE SYSTEM'S OUTDOOR SPACES AT EACH BRANCH INCLUSIVE OF NAMING OPPORTUNITIES. THE GOAL IS TO CREATE OUTDOOR ENVIRONMENTS TO SERVE AS WELCOMING AND INCLUSIVE SPACES THAT BRING LIBRARY PROGRAMS AND SERVICES DIRECTLY INTO THE COMMUNITIES THEY SERVE. EACH SPACE WILL BE DEVELOPED IN TANDEM WITH THE LIBRARY'S CAPITAL PROJECTS TEAM AND WILL REFLECT THE DIVERSE AND DISTINCT NEIGHBORHOODS IN WHICH THEY RESIDE. FMP CAPITAL ENHANCEMENTS WILL ADDRESS THE LIBRARY'S BROADER STRATEGIC GOALS IN THE FOLLOWING WAYS: GOAL 2 ENSURE THE LONG-TERM FINANCIAL SUSTAINABILITY OF THE FOUNDATION BUILD THE OPERATING RESERVES OF THE FOUNDATION AND DEVELOP RESERVE FUNDING POLICY. GOAL 3 RAISE FUNDING TO SUPPORT READING LITERACY & DIGITAL EQUITY PROGRAMS THE FOUNDATION WILL RAISE FUNDING FOR LIBRARY READING AND DIGITAL EQUITY PROGRAMS TO HELP THE LIBRARY ADDRESS THESE ISSUES. FUNDING FOR PROGRAMS IN THESE AREAS WILL ALLOW THE LIBRARY TO SERVE MORE AUDIENCES IN THE CITY OF CLEVELAND AND BEYOND. GOAL 4 PROVIDE FINANCIAL SUPPORT FOR LIBRARY PROGRAMS THAT ADDRESS REAL- TIME COMMUNITY NEEDS THE FOUNDATION WILL PROVIDE FUNDRAISING DOLLARS TO THE LIBRARY TO SUPPORT OTHER AREAS OF ITS STRATEGIC PLAN THAT ADDRESS REAL-TIME COMMUNITY NEEDS. GOAL 5 BOLSTER THE FOUNDATION'S REPUTATION IN THE REGION THROUGH ENHANCING BOARD INFRASTRUCTURE TO ENGAGE NEW AUDIENCES BUILD THE REPUTATION OF THE ORGANIZATION BY ENGAGING NEW AUDIENCES. THIS WILL BE ACHIEVED THROUGH THE LENS OF PAR: - PHILANTHROPY: GIVE OR GET NEW FUNDRAISING DOLLARS - ADVOCACY: PARTICIPATE IN ADVOCACY EFFORTS THAT YIELD FINANCIAL, LEGISLATIVE, AND/OR POLICY RESOURCES FOR THE LIBRARY AND ITS MISSION - RELATIONSHIPS: IDENTIFY NEW AUDIENCES TO INTRODUCE THE WORK OF THE LIBRARY & FOUNDATION ENSURE EVERY CHILD READS: CLEVELAND PUBLIC LIBRARY PRIORITIZES ITS YOUTH LITERACY EFFORTS. FROM STORY TIME, TUTORING, AND HOMEWORK HELP TO RESOURCES FOR PARENTS AND EDUCATORS, OUR ROLE IS TO ENSURE CHILDREN HAVE THE TOOLS THEY NEED TO BE SUCCESSFUL READERS. COMMUNITY CONNECTOR: THE LIBRARY SERVES AS A CONNECTOR FOR SOCIAL SERVICES AND OTHER BASIC NEED RESOURCES FOR THE COMMUNITY. WHETHER ADULT PATRONS NEED ACCESS TO EDUCATION SERVICES OR CHILDREN NEED ACCESS TO HEALTHY FOOD OPTIONS, YOU CAN FIND IT AT CLEVELAND PUBLIC LIBRARY. WORKFORCE READY: THROUGH PROGRAMS, SERVICES, AND COMMUNITY PARTNERSHIPS CLEVELAND PUBLIC LIBRARY ENSURES CLEVELANDERS HAVE THE SKILLS AND RESOURCES THEY NEED TO BE SUCCESSFUL IN THE WORKFORCE. BRIDGE THE CULTURAL DIVIDE: THE LIBRARY OFFERS PEOPLE A PLATFORM TO LEARN FIRST HAND FROM EACH OTHER AND COME TO APPRECIATE THE VARIETY AND RICHNESS OF THE WORLDS CULTURES. EMERGING TECHNOLOGY, OUR FEATURED EXHIBITIONS, AND COLLECTIONS PRESENTS OPPORTUNITIES TO BROADEN THE AVENUES FOR INTERCULTURAL ENGAGEMENT.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ART INSTALLATION PROJECT 1,250,000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1BOOK SALES 168,130 GIFT SHOP SALES 21,544
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPORTING SCHEDULE
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, LINE 10
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$0.55$1.15$0.59$1.91$1.32
2023Detailed filing. Detailed filing data is available for this year.$2.50$0.06$2.44$1.99$0.41$1.58
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.01$0.81$0.70$0.49$0.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.04$0.65$0.44$0.40$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.02$0.59$0.27$0.20$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.01$0.51$0.46$0.35$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.04$0.37$0.27$0.39$0.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.01$0.58$0.32$0.41$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.01$0.95$0.45$0.47$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.08$0.01$1.07$0.38$0.24$0.14
2013Detailed filing. Detailed filing data is available for this year.$0.92$0.01$0.91$0.15$0.17$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.00$0.72$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.01$0.74$0.14
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • $1M-$5M nonprofits