Civic Intelligence

Rochester Public Library Foundation

990 • Fiscal year 2020 • EIN 41-1859534

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 25, 2021

Organization ProfileROCHESTERPUBLICLIBRARYFOUNDATION.ORG
101 2nd Street SERochester, MN 55904

(507) 328-2387

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

30th percentile

0.04x

Higher debt load relative to revenue than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

83rd percentile

32%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

46th percentile

$47,670

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

63rd percentile

12%

Faster asset growth than 63% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

72nd percentile

16%

Faster revenue growth than 72% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$3,526,720

Up $384,963 (+12%) from 2019

Net Assets

Up

$3,515,398

Up $373,641 (+12%) from 2019

Liabilities

Up

$11,322

Up $11,322 from 2019

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin83rd percentile

Revenue

Up

$300,323

Up $42,171 (+16%) from 2019

Expenses

Up

$203,428

Up $30,929 (+18%) from 2019

Net Income

Up

$96,895

Up $11,242 (+13%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,843,025Liabilities 2010: $2,500Net Assets 2010: $1,840,5252010Assets 2011: $1,824,424Liabilities 2011: $0Net Assets 2011: $1,824,4242011Assets 2012: $2,026,325Liabilities 2012: $0Net Assets 2012: $2,026,3252012Assets 2013: $2,255,669Liabilities 2013: $0Net Assets 2013: $2,255,6692013Assets 2014: $2,421,335Liabilities 2014: $0Net Assets 2014: $2,421,3352014Assets 2015: $2,327,918Liabilities 2015: $0Net Assets 2015: $2,327,9182015Assets 2016: $2,445,097Liabilities 2016: $0Net Assets 2016: $2,445,0972016Assets 2017: $2,737,091Liabilities 2017: $0Net Assets 2017: $2,737,0912017Assets 2018: $2,572,813Liabilities 2018: $0Net Assets 2018: $2,572,8132018Assets 2019: $3,141,757Liabilities 2019: $0Net Assets 2019: $3,141,7572019Assets 2020: $3,526,720Liabilities 2020: $11,322Net Assets 2020: $3,515,3982020Assets 2021: $4,087,460Liabilities 2021: $0Net Assets 2021: $4,087,4602021Assets 2022: $3,551,845Liabilities 2022: $0Net Assets 2022: $3,551,8452022Assets 2023: $3,859,862Liabilities 2023: $0Net Assets 2023: $3,859,8622023Assets 2024: $4,274,745Liabilities 2024: $0Net Assets 2024: $4,274,7452024

Highlighted filing

2020

Assets$3,526,720
Liabilities$11,322
Net Assets$3,515,398
Open 2020 Filing

Operations Trend

Revenue Growth72nd percentile

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $139,6792010Expenses 2011: $177,2082011Expenses 2012: $140,7632012Revenue 2013: $221,623Expenses 2013: $243,500Net Income 2013: -$21,8772013Revenue 2014: $240,366Expenses 2014: $178,551Net Income 2014: $61,8152014Revenue 2015: $235,236Expenses 2015: $213,774Net Income 2015: $21,4622015Revenue 2016: $267,241Expenses 2016: $241,627Net Income 2016: $25,6142016Revenue 2017: $307,323Expenses 2017: $214,440Net Income 2017: $92,8832017Revenue 2018: $246,948Expenses 2018: $224,922Net Income 2018: $22,0262018Revenue 2019: $258,152Expenses 2019: $172,499Net Income 2019: $85,6532019Revenue 2020: $300,323Expenses 2020: $203,428Net Income 2020: $96,8952020Revenue 2021: $357,578Expenses 2021: $276,048Net Income 2021: $81,5302021Revenue 2022: $289,532Expenses 2022: $240,110Net Income 2022: $49,4222022Revenue 2023: $277,350Expenses 2023: $266,357Net Income 2023: $10,9932023Revenue 2024: $342,208Expenses 2024: $267,918Net Income 2024: $74,2902024

Highlighted filing

2020

Revenue$300,323
Expenses$203,428
Net Income$96,895
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 25, 2021
Return Version
2020v4.0
Gross Receipts
$305,330
Mission and Program Overview

Mission

The foundation's mission is to raise private funds for educational and informational resources and projects in a manner that does not diminish the need for strong public funding, and to educate the community about the library's vital role in meeting our community's needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,101,706$3,402,750▲ $301,044
Cash and Non-Interest-Bearing Accounts$29,507$109,291▲ $79,784
Land, Buildings, and Equipment, Net$8,456$7,892▼ $564
Total Assets$3,141,757$3,526,720▲ $384,963
Other Assets Total$2,088$6,787▲ $4,699
Liabilities
Other Liabilities-$11,322-
Total Liabilities$0$11,322▲ $11,322
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,163,733$2,414,555▲ $250,822
Net Assets With Donor Restrictions$978,024$1,100,843▲ $122,819
Total Net Assets Fund Balance$3,141,757$3,515,398▲ $373,641
Total Liabilities and Net Assets / Fund Balance$3,141,757$3,526,720▲ $384,963

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$7,892$3,383$11,275
Equipment-$1,898$1,898

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$978,024$13,280▲ $109,539-$1,100,843
2019$801,583$5,035▲ $171,406-$978,024
2018$757,942$8,390▲ $35,252-$801,583
2017$679,250$3,580▲ $75,112-$757,942
2016$634,902$2,000▲ $42,348-$679,250
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Brenda KardockExecutive DiFT$47,670$47,670

Board Members and Trustees

NameTitle
Adam DickinsonPresident
Amy WardDirector
Chris WendlandDirector
Joanne RosenerDirector
John HunzikerDirector
Justin DavisDirector
Kim KeilholtzDirector
Martha MccleesDirector
Patrick KeaneDirector
Sheila RaineyDirector
Mary DunlapSecretary
Hope HollaschTreasurer
Erin PagelVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$207,198
Program Service Revenue
$0
Investment Income
$91,157
Other Revenue
$1,968
All Other Contributions
$183,896
Change in Net Assets
$96,895
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$84,737
Salaries, Compensation, and Employee Benefits$82,741
Total Fundraising Expense$55,031
Other Expenses$35,950
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$84,737--$84,737
Current Officers, Directors, Trustees, and Key Employees$9,534$9,534$28,602$47,670
Other Salaries and Wages$6,163$6,163$18,489$30,815
Fees for Service Investment Mgmnt Fees-$22,195-$22,195
Payroll Taxes$851$851$2,554$4,256
Office Expenses$143$752$1,886$2,781
Conferences and Meetings$365$365$1,097$1,827
Information Technology--$1,782$1,782
Fees for Services Accounting-$1,522-$1,522
Insurance-$1,226-$1,226
Advertising$403-$403$806
Depreciation Depletion$564--$564
All Other Expenses$25$24$218$267
Other Expenses$220--$220
Total Functional Expenses$105,765$42,632$55,031$203,428
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of RochesterRochester, MNGovLibrary Support$84,737
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,975
Fundraising Direct Expenses$5,007
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wit-wisdom-wine$30,277$6,975$1,388$5,587
Total Events$30,277$6,975$5,007$1,968
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$11,322
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
Yes
Other officer compensation reviewed
Yes
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 990 is available to the board to review before filing.”

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

“Conflict of interest policies are reviewed at least annually by the board.”

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

“Executive wage is reviewed annually by the board.”

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

“Employee wages are reivewed annually by the board.”

Form 990, Page 6, Part VI, Line 19

“All of the organization's governing documents are available for review at the rochester public library administrative offices.”

Filing and Contact Details

Filer

Filer Name
Rochester Public Library Foundation
EIN
41-1859534
Phone
5073282387
Address
101 2ND STREET SE, ROCHESTER, MN 55904

Signing Officer

Name
Adam Dickinson
Title
President
Phone
5073282387
Signed
2021-10-25

Organization Details

Principal Officer
Adam Dickinson
Formed
1996
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
2
Volunteers
25

Preparer

Firm
Nietz Tax & Accounting LLC
Address
2020 2ND ST SW, ROCHESTER, MN 55902
Preparer
William a Nietz
Phone
5072850398
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The foundation's mission is to raise private funds for educational and informational resources and projects in a manner that does not diminish the need for strong public funding, and to educate the community about the library's vital role in meeting our community's needs.”

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IRS990/PrincipalOfficerNm0ADAM DICKINSON
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
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IRS990ScheduleI/RecipientTable/CashGrantAmt084737
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0LIBRARY SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF ROCHESTER
IRS990ScheduleI/RecipientTable/RecipientEIN0411859534
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S MISSION IS TO RAISE PRIVATE FUNDS FOR EDUCATIONAL AND INFORMATIONAL RESOURCES AND PROJECTS IN A MANNER THAT DOES NOT DIMINISH THE NEED FOR STRONG PUBLIC FUNDING, AND TO EDUCATE THE COMMUNITY ABOUT THE LIBRARY'S VITAL ROLE IN MEETING OUR COMMUNITY'S NEEDS.

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,526,720
Liabilities
$11,322
Net assets
$3,515,398
Revenue
$300,323
Expenses
$203,428
Net income
$96,895
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.27$0.00$4.27$0.34$0.27$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.86$0.00$3.86$0.28$0.27$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.55$0.00$3.55$0.29$0.24$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.09$0.00$4.09$0.36$0.28$0.08
2020Detailed filing. Detailed filing data is available for this year.$3.53$0.01$3.52$0.30$0.20$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.14$0.00$3.14$0.26$0.17$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.57$0.00$2.57$0.25$0.22$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$0.00$2.74$0.31$0.21$0.09
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.00$2.45$0.27$0.24$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.33$0.00$2.33$0.24$0.21$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.42$0.00$2.42$0.24$0.18$0.06
2013Detailed filing. Detailed filing data is available for this year.$2.26$0.00$2.26$0.22$0.24$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.00$2.03$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.00$1.82$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.00$1.84$0.14