Form 990, Page 6, Part VI, Line 11B
“The 990 is available to the board to review before filing.”
990 • Fiscal year 2024 • EIN 41-1859534
Scores are not available for this record yet.
Assets
Flat$4,274,745
Flat from 2024
Net Assets
Flat$4,274,745
Flat from 2024
Liabilities
Flat$0
Flat from 2024
Revenue
Flat$342,208
Flat from 2024
Expenses
Flat$267,918
Flat from 2024
Net Income
Flat$74,290
Flat from 2024
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $3,737,133 | $4,184,263 | ▲ $447,130 |
| Cash and Non-Interest-Bearing Accounts | $116,529 | $84,845 | ▼ $31,684 |
| Land, Buildings, and Equipment, Net | $6,200 | $5,637 | ▼ $563 |
| Total Assets | $3,859,862 | $4,274,745 | ▲ $414,883 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,584,090 | $2,842,405 | ▲ $258,315 |
| Net Assets With Donor Restrictions | $1,275,772 | $1,432,340 | ▲ $156,568 |
| Total Net Assets Fund Balance | $3,859,862 | $4,274,745 | ▲ $414,883 |
| Total Liabilities and Net Assets / Fund Balance | $3,859,862 | $4,274,745 | ▲ $414,883 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $5,637 | $5,638 | $11,275 |
| Equipment | - | $1,898 | $1,898 |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2024 | $1,275,772 | $4,790 | ▲ $151,777 | - | $1,432,340 |
| 2023 | $1,144,821 | $2,972 | ▲ $127,979 | - | $1,275,772 |
| 2022 | $1,298,009 | $8,865 | ▼ $162,053 | - | $1,144,821 |
| 2021 | $1,100,843 | $9,230 | ▲ $187,936 | - | $1,298,009 |
| 2020 | $978,024 | $13,280 | ▲ $109,539 | - | $1,100,843 |
| Name | Title |
|---|---|
| Joanne Rosener | President |
| Adam Dickinson | Director |
| Amanda Leightner | Director |
| Angela Ge | Director |
| Bill Grinde | Director |
| Craig Wruck | Director |
| Julie Brock | Director |
| Lauren Morris | Director |
| Val Kaliszewski | Director |
| Sheila Rainey | Secretary |
| Chris Hebert | Treasurer |
| Erin Pagel | Vice Preside |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $118,703 |
| Salaries, Compensation, and Employee Benefits | $102,647 |
| Total Fundraising Expense | $68,957 |
| Other Expenses | $46,568 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $118,703 | - | - | $118,703 |
| Current Officers, Directors, Trustees, and Key Employees | $10,643 | $10,643 | $31,930 | $53,216 |
| Other Salaries and Wages | $8,011 | $8,011 | $24,034 | $40,056 |
| Fees for Service Investment Mgmnt Fees | - | $29,852 | - | $29,852 |
| Payroll Taxes | $1,875 | $1,875 | $5,625 | $9,375 |
| Information Technology | - | - | $3,783 | $3,783 |
| Office Expenses | $935 | $2,205 | $468 | $3,608 |
| Conferences and Meetings | $672 | $672 | $2,016 | $3,360 |
| Advertising | $1,100 | - | $1,101 | $2,201 |
| Insurance | - | $1,153 | - | $1,153 |
| Fees for Services Accounting | - | $1,100 | - | $1,100 |
| Depreciation Depletion | $564 | - | - | $564 |
| Other Expenses | $25 | - | - | $25 |
| Total Functional Expenses | $143,450 | $55,511 | $68,957 | $267,918 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| City of Rochester | Rochester, MN | Gov | Library Support | $118,703 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $8,385 |
| Fundraising Direct Expenses | $4,677 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Wit-wisdom-wine | $49,074 | $3,645 | $924 | $2,721 |
| Total Events | $49,074 | $3,645 | $4,311 | $-666 |
“The 990 is available to the board to review before filing.”
“Conflict of interest policies are reviewed at least annually by the board.”
“Executive wage is reviewed annually by the board.”
“Employee wages are reviewed annually by the board.”
“All of the organization's governing documents are available for review at the rochester public library administrative offices.”
“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.”
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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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 160239 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 171309 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 224987 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 207198 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 967831 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 134402 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 105494 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 108932 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 120887 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 91157 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 560872 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 60520 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.61760 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.63370 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 967831 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 204098 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 160239 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 171309 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 224987 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 207198 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 967831 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1566991 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt | 0 | 3708 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt | 0 | 11617 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 9291 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 11704 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1968 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 38288 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 1275772 |
| IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt | 0 | 4790 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 1432340 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 151777 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 1144821 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 2972 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 1275772 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 127979 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 1298009 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt | 0 | 8865 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 1144821 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | -162053 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 1100843 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt | 0 | 9230 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 1298009 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 187936 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 978024 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt | 0 | 13280 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 1100843 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 109539 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | false |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 1898 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 1898 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 5637 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 5638 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 11275 |
| IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct | 0 | 1.00000 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 5637 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt | 0 | 45429 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt | 0 | 45429 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 4311 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | WIT-WISDOM-WINE |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt | 0 | 3387 |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt | 0 | 3387 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 49074 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 49074 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 3645 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 3645 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | -666 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 924 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 924 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | false |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 118703 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | GOV |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | LIBRARY SUPPORT |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | CITY OF ROCHESTER |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 411859534 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 101 2ND STREET SE |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | ROCHESTER |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 55904 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE 990 IS AVAILABLE TO THE BOARD TO REVIEW BEFORE FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CONFLICT OF INTEREST POLICIES ARE REVIEWED AT LEAST ANNUALLY BY THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | EXECUTIVE WAGE IS REVIEWED ANNUALLY BY THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | EMPLOYEE WAGES ARE REVIEWED ANNUALLY BY THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW AT THE ROCHESTER PUBLIC LIBRARY ADMINISTRATIVE OFFICES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MN |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 3859862 |
| IRS990/TotalAssetsEOYAmt | 0 | 4274745 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 3859862 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 4274745 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 204098 |
| IRS990/TotalEmployeeCnt | 0 | 2 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 68957 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 55511 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 143450 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 267918 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
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Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.