Civic Intelligence

River Falls Library Foundation Inc.

990 • Fiscal year 2023 • EIN 39-1651737

Jan 01, 2023 to Dec 31, 2023 • Filed on May 30, 2024

Organization Profilewww.RIVERFALLSPUBLICLIBRARY.ORG/LIBRARY-
PO Box 592River Falls, WI 54022

(715) 441-1890

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.

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

Liabilities / Revenue

17th percentile

0.00x

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

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

Net Margin

87th percentile

41%

Higher net margin than 87% 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

70th percentile

14%

Faster asset growth than 70% of similar nonprofits.

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

Revenue Growth

87th percentile

66%

Faster revenue growth than 87% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,004,424

Up $124,005 (+14%) from 2022

Net Assets

Up

$1,004,424

Up $124,157 (+14%) from 2022

Liabilities

Down

$0

Down $152 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin87th percentile

Revenue

Up

$46,215

Up $18,331 (+66%) from 2022

Expenses

Down

$27,167

Down $11,880 (-30%) from 2022

Net Income

Up

$19,048

Up $30,211 (+271%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

2023

Assets$1,004,424
Liabilities$0
Net Assets$1,004,424
Open 2023 Filing

Operations Trend

Revenue Growth87th percentile

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

2023

Revenue$46,215
Expenses$27,167
Net Income$19,048
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 30, 2024
Return Version
2023v5.0
Gross Receipts
$46,215
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.

To support River Falls Library programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$764,673$888,464▲ $123,791
Investments in Publicly Traded Securities$15,500$57,096▲ $41,596
Savings and Temporary Cash Investments$99,453$38,825▼ $60,628
Cash and Non-Interest-Bearing Accounts$757$20,004▲ $19,247
Inventories for Sale or Use$36$35▼ $1
Total Assets$880,419$1,004,424▲ $124,005
Liabilities
Accounts Payable and Accrued Expenses$152--
Total Liabilities$152$0▼ $152
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$880,267$1,004,424▲ $124,157
Total Net Assets Fund Balance$880,267$1,004,424▲ $124,157
Total Liabilities and Net Assets / Fund Balance$880,419$1,004,424▲ $124,005

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$888,464--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$764,673-▲ $134,661-$888,464
2022$938,740-▼ $163,774-$764,673
2021$833,027-▲ $117,307-$938,740
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Kay MontgomeryPresident
Betsy WeterhausVice President
Dave OstnessDirector
Linda JacobsonDirector
Callie TrautmillerSecretary
Mae WolfeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$25,261
Program Service Revenue
$0
Investment Income
$20,951
Other Revenue
$3
All Other Contributions
$24,411
Change in Net Assets
$19,048
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$24,143
Other Expenses$3,024
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$24,143--$24,143
Fees for Services Accounting-$1,850-$1,850
Insurance-$200-$200
Office Expenses-$152-$152
Other Expenses$683$139-$139
Total Functional Expenses$24,826$2,341$0$27,167
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of River FallsRiver Falls, WIGovernmentProgram support for the library-
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
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
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 governing body review Part VI line 11

“The 990 is provided to the Board for review prior ro submission to the IRS.”

Form 990 availability to public Part VI line 18

“Documents are available from the Foundation upon request.”

Governing documents etc available to public Part VI line 19

“Dovuments are available from the Foundation upon request.”

Filing and Contact Details

Filer

Filer Name
River Falls Library Foundation Inc
EIN
39-1651737
Address
PO Box 592, River Falls, WI 54022

Signing Officer

Name
Sarah Nelson
Title
Treasurer
Phone
7154411890
Signed
2024-05-30
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Schutz CPA Ltd
Address
PO Box 898, Stillwater, MN 55082
Preparer
Jennifer Schutz
Phone
6514395990
Supplemental Narrative

Additional Explanations

Amended return information

“connecting people with information, ideas, spaces, and opportunities while responsibly managing funds contributed to the Foundation.”

Financial Statement Notes

Endowment funds intended uses (Part V, line 4)

“The endowment funds are held to support the activities of the Organization.”

Raw XML Appendix369 raw XML fields

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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation works with the library staff to provide program and technology support by approving requests. The library director and staff prioritize and bring requests to the foundation for approval and payment oversight of invoices for books, materials, speakers, and other programming paid throughout the year.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0connecting people with information, ideas, spaces, and opportunities while responsibly managing funds contributed to the Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 is provided to the Board for review prior ro submission to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents are available from the Foundation upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Dovuments are available from the Foundation upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0880419
IRS990/TotalAssetsEOYAmt01004424
IRS990/TotalAssetsGrp/BOYAmt0880419
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IRS990/TotalContributionsAmt025261
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02341
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt024826
IRS990/TotalFunctionalExpensesGrp/TotalAmt027167
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0152
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0152
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0880267
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01004424
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt024826
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt020954
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt046215
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0880419
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01004424
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.RIVERFALLSPUBLICLIBRARY.ORG/LIBRARY-
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Sarah Nelson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07154411890
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0River Falls Library Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0RIVE
ReturnHeader/Filer/EIN0391651737
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 592
ReturnHeader/Filer/USAddress/CityNm0River Falls
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054022
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0811374244
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Schutz CPA Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 898
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Stillwater
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055082
ReturnHeader/PreparerPersonGrp/PhoneNum06514395990
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jennifer Schutz
ReturnHeader/ReturnTs02024-05-31T01:43:08-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Sarah
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Nelson
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,004,424
Liabilities
$0
Net assets
$1,004,424
Revenue
$46,215
Expenses
$27,167
Net income
$19,048
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.05$0.05$0.08$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.05$0.03$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.03$0.04$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.01$0.02$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.03$0.03$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.01$0.03$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.04$0.05$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.03$0.03$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.04$0.04$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.38$0.03$0.35