Civic Intelligence

River Falls Library Foundation Inc.

990 • Fiscal year 2024 • EIN 39-1651737

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 28, 2025

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

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.08x

Higher debt load relative to revenue than 50% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

4th percentile

-70%

Higher net margin than 4% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

52nd percentile

5.1%

Faster asset growth than 52% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

4.7%

Faster revenue growth than 44% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$1,055,811

Up $51,387 (+5.1%) from 2023

Net Assets

Up

$1,052,061

Up $47,637 (+4.7%) from 2023

Liabilities

Up

$3,750

Up $3,750 from 2023

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin4th percentile

Revenue

Up

$48,387

Up $2,172 (+4.7%) from 2023

Expenses

Up

$82,037

Up $54,870 (+202%) from 2023

Net Income

Down

-$33,650

Down $52,698 (-277%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2024

Assets$1,055,811
Liabilities$3,750
Net Assets$1,052,061
Open 2024 Filing

Operations Trend

Revenue Growth44th 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

2024

Revenue$48,387
Expenses$82,037
Net Income-$33,650
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 28, 2025
Return Version
2024v5.1
Gross Receipts
$48,387
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$888,464$696,986▼ $191,478
Investments in Publicly Traded Securities$57,096$297,663▲ $240,567
Cash and Non-Interest-Bearing Accounts$20,004$35,442▲ $15,438
Savings and Temporary Cash Investments$38,825$25,702▼ $13,123
Inventories for Sale or Use$35$18▼ $17
Total Assets$1,004,424$1,055,811▲ $51,387
Liabilities
Accounts Payable and Accrued Expenses-$3,750-
Total Liabilities$0$3,750▲ $3,750
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,004,424$1,052,061▲ $47,637
Total Net Assets Fund Balance$1,004,424$1,052,061▲ $47,637
Total Liabilities and Net Assets / Fund Balance$1,004,424$1,055,811▲ $51,387

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$696,986--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$888,464-▲ $98,550$280,000$696,986
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 Pay40th percentile

Board Members and Trustees

NameTitle
Kay MontgomeryPresident
Callie TrautmillerVice President
Dave OstnessDirector
Linda JacobsonDirector
Alyce JacobsSecretary
Sarah NelsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,669
Program Service Revenue
$0
Investment Income
$33,716
Other Revenue
$2
All Other Contributions
$13,769
Change in Net Assets
$-33,650
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Total Fundraising Expense$44,067
Professional Fundraising Fees$43,855
Grants and Similar Amounts Paid$29,981
Other Expenses$8,201
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Professional Fundraising--$43,855$43,855
Grants to Domestic Orgs$28,981--$28,981
Fees for Services Other-$5,000-$5,000
Office Expenses-$1,594$212$1,806
Grants to Domestic Individuals$1,000--$1,000
Fees for Services Accounting-$950-$950
Insurance-$235-$235
Other Expenses$89$75-$75
Total Functional Expenses$30,070$7,900$44,067$82,037
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
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$43,855
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
In Care Of
% Sarah Nelson
Phone
7154411890
Address
PO Box 592, River Falls, WI 54022

Signing Officer

Name
Sarah Nelson
Title
Treasurer
Phone
7154411890
Signed
2025-04-28
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
Wi
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

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

Financial Statement Notes

Part V, Line 4-Intended uses of endowment funds

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

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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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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The endowment funds are held to support the activities of the organization.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4-Intended uses of endowment funds
IRS990ScheduleD/TotalBookValueSecuritiesAmt0696986
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0Preplanning capital campaign
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0-43855
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Baker Street Consulting
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt043855
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0404 Virginia Drive
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Stevens Point
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd054481
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/TotalNetToOrganizationAmt0-43855
IRS990ScheduleG/TotalRetainedByContractorsAmt043855
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/IRCSectionDesc0Government
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt028981
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Bookssupplies materials and speakers
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Program support for the library
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0City of River Falls
IRS990ScheduleI/RecipientTable/RecipientEIN0396005590
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0222 Lewis St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0River Falls
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd054022
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
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)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is provided to the Board for review prior ro submission to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Documents are available from the Foundation upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Dovuments are available from the Foundation upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01004424
IRS990/TotalAssetsEOYAmt01055811
IRS990/TotalAssetsGrp/BOYAmt01004424
IRS990/TotalAssetsGrp/EOYAmt01055811
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt014669
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt044067
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07900
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt030070
IRS990/TotalFunctionalExpensesGrp/TotalAmt082037
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt03750
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt03750
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01004424
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01052061
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt030070
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt033716
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt048387
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01004424
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01055811
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.RIVERFALLSPUBLICLIBRARY.ORG/LIBRARY-
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SARAH NELSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07154411890
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0River Falls Library Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0RIVE
ReturnHeader/Filer/EIN0391651737
ReturnHeader/Filer/InCareOfNm0% Sarah Nelson
ReturnHeader/Filer/PhoneNum07154411890
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 592
ReturnHeader/Filer/USAddress/CityNm0River Falls
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054022
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02025-04-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER SCHUTZ
ReturnHeader/ReturnTs02025-04-28T02:46:25-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,055,811
Liabilities
$3,750
Net assets
$1,052,061
Revenue
$48,387
Expenses
$82,037
Net income
-$33,650
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