Civic Intelligence

River Falls Library Foundation Inc.

990 • Fiscal year 2015 • EIN 39-1651737

Oct 01, 2014 to Sep 30, 2015 • Filed on Feb 10, 2017

140 Union StreetRiver Falls, WI 54022

(715) 426-1546

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$773,026

No earlier filing loaded for comparison.

Net Assets

$773,026

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$379,822

No earlier filing loaded for comparison.

Expenses

$30,207

No earlier filing loaded for comparison.

Net Income

$349,615

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2015: $773,026Liabilities 2015: $0Net Assets 2015: $773,0262015Assets 2016: $793,484Liabilities 2016: $0Net Assets 2016: $793,4842016Assets 2017: $847,218Liabilities 2017: $0Net Assets 2017: $847,2182017Assets 2018: $860,542Liabilities 2018: $0Net Assets 2018: $860,5422018Assets 2019: $842,088Liabilities 2019: $0Net Assets 2019: $842,0882019Assets 2020: $966,120Liabilities 2020: $0Net Assets 2020: $966,1202020Assets 2021: $1,065,609Liabilities 2021: $112Net Assets 2021: $1,065,4972021Assets 2022: $880,419Liabilities 2022: $152Net Assets 2022: $880,2672022Assets 2023: $1,004,424Liabilities 2023: $0Net Assets 2023: $1,004,4242023Assets 2024: $1,055,811Liabilities 2024: $3,750Net Assets 2024: $1,052,0612024

Highlighted filing

2015

Assets$773,026
Liabilities$0
Net Assets$773,026

Operations Trend

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

$400K$200K$0-$200KRevenue 2015: $379,822Expenses 2015: $30,207Net Income 2015: $349,6152015Revenue 2016: $35,666Expenses 2016: $40,452Net Income 2016: -$4,7862016Revenue 2017: $31,752Expenses 2017: $34,579Net Income 2017: -$2,8272017Revenue 2018: $43,056Expenses 2018: $47,779Net Income 2018: -$4,7232018Revenue 2019: $14,949Expenses 2019: $28,350Net Income 2019: -$13,4012019Revenue 2020: $30,482Expenses 2020: $32,004Net Income 2020: -$1,5222020Revenue 2021: $12,528Expenses 2021: $18,864Net Income 2021: -$6,3362021Revenue 2022: $27,884Expenses 2022: $39,047Net Income 2022: -$11,1632022Revenue 2023: $46,215Expenses 2023: $27,167Net Income 2023: $19,0482023Revenue 2024: $48,387Expenses 2024: $82,037Net Income 2024: -$33,6502024

Highlighted filing

2015

Revenue$379,822
Expenses$30,207
Net Income$349,615
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Feb 10, 2017
Return Version
2014v6.0
Gross Receipts
$379,822
Mission and Program Overview

Mission

The mission of the river falls library foundation is to support the river falls library in its efforts to enrich lives and build community by connecting people with information, ideas, spaces, and opportunities while responsibly managing funds contributed to the foundation.

Provide aid to public library

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$20,860$418,569▲ $397,709
Investments in Publicly Traded Securities$397,446$335,258▼ $62,188
Cash and Non-Interest-Bearing Accounts$5,105$19,199▲ $14,094
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$423,411$773,026▲ $349,615
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$423,411$773,026▲ $349,615
Total Net Assets Fund Balance$423,411$773,026▲ $349,615
Total Liabilities and Net Assets / Fund Balance$423,411$773,026▲ $349,615
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kay MontgomeryPresident
Clyde SmithVice President
Betsy WestenhausTrustee
Tom PedrianaTrustee
Nancy MillerLibrary Directo
Katie ChaffeeMembership
Amy GlaserSecretary
Russ SwansonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$389,673
Program Service Revenue
$320
Investment Income
$-10,171
Other Revenue
$0
All Other Contributions
$389,673
Change in Net Assets
$349,615

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 Amount
Securities Publicly Traded1$120,769
Total Noncash Contributions1$120,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$30,207
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
Occupancy$9,732--$9,732
Other Expenses$858$1,723-$858
All Other Expenses$530--$530
Total Functional Expenses$28,484$1,723$0$30,207
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
River Falls Library Foundation Inc
EIN
39-1651737
Phone
7154261546
Address
140 UNION STREET, RIVER FALLS, WI 54022

Signing Officer

Name
Russ Swanson
Title
Treasurer
Signed
2017-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russ Swanson
Formed
1992
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
25

Preparer

Firm
Guinnvinopal & Zahradka Llp
Address
110 E 3RD ST, NEW RICHMOND, WI 54017
Preparer
Ben Gaus
Phone
7152466976
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIVER FALLS LIBRARY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0RIVE
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GUINNVINOPAL & ZAHRADKA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0110 E 3RD ST
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI

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