Civic Intelligence

Clear Lake Public Library Foundation

EIN 42-1206004 • 501(c)3 • Clear Lake, IA

Profile

The Foundation solicites gifts of money and property in order that the Clear Lake Public Library may continue to grow with the community and meet the changing informational and cultural needs of library uses. Gifts to the Foundation enhance basic library services that are funded through public tax dollars.

200 North 4th StreetClear Lake, IA 50428

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

94th percentile

71%

Higher net margin than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

75th percentile

19%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

-13%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$414,505

Up $66,469 (+19%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

$414,505

No earlier filing loaded for comparison.

Operations
Liabilities / RevenueScore unavailableNet Margin94th percentile

Revenue

Down

$44,523

Down $6,756 (-13%) from 2023

Expenses

Down

$13,022

Down $6,211 (-32%) from 2023

Net Income

Down

$31,501

Down $545 (-1.7%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth75th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2012: $206,501Liabilities 2012: $02012Assets 2013: $264,340Liabilities 2013: $02013Assets 2014: $262,045Liabilities 2014: $02014Assets 2015: $249,497Liabilities 2015: $02015Assets 2016: $259,270Net Assets 2016: $259,2702016Assets 2017: $271,228Net Assets 2017: $271,2282017Assets 2018: $268,606Net Assets 2018: $268,6062018Assets 2019: $274,330Net Assets 2019: $274,3302019Assets 2020: $272,828Net Assets 2020: $272,8282020Assets 2021: $334,358Net Assets 2021: $334,3582021Assets 2022: $296,553Net Assets 2022: $296,5532022Assets 2023: $348,036Liabilities 2023: $02023Assets 2024: $414,505Net Assets 2024: $414,5052024

Highlighted filing

2024

Assets$414,505
Liabilities-
Net Assets$414,505
Open 2024 Filing

Operations Trend

Revenue Growth39th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0-$20KRevenue 2012: $12,704Expenses 2012: $19,323Net Income 2012: -$6,6192012Revenue 2013: $67,807Expenses 2013: $21,627Net Income 2013: $46,1802013Revenue 2014: $32,062Expenses 2014: $42,152Net Income 2014: -$10,0902014Revenue 2015: $21,663Expenses 2015: $31,470Net Income 2015: -$9,8072015Revenue 2016: $25,080Expenses 2016: $19,046Net Income 2016: $6,0342016Revenue 2017: $28,059Expenses 2017: $16,497Net Income 2017: $11,5622017Revenue 2018: $51,087Expenses 2018: $22,699Net Income 2018: $28,3882018Revenue 2019: $20,908Expenses 2019: $23,157Net Income 2019: -$2,2492019Revenue 2020: $18,474Expenses 2020: $27,061Net Income 2020: -$8,5872020Revenue 2021: $17,378Expenses 2021: $4,425Net Income 2021: $12,9532021Revenue 2022: $15,700Expenses 2022: $16,407Net Income 2022: -$7072022Revenue 2023: $51,279Expenses 2023: $19,233Net Income 2023: $32,0462023Revenue 2024: $44,523Expenses 2024: $13,022Net Income 2024: $31,5012024

Highlighted filing

2024

Revenue$44,523
Expenses$13,022
Net Income$31,501
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$414,505
Liabilities
-
Net assets
$414,505
Revenue
$44,523
Expenses
$13,022
Net income
$31,501
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.15$4.15$0.45$0.13$0.32
2023Summary only. Only limited summary data is available for this year.$3.48$0.00$0.51$0.19$0.32
2022Detailed filing. Detailed filing data is available for this year.$2.97$2.97$0.16$0.16$0.01
2021Detailed filing. Detailed filing data is available for this year.$3.34$3.34$0.17$0.04$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.73$2.73$0.18$0.27$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.74$2.74$0.21$0.23$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.69$2.69$0.51$0.23$0.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.71$2.71$0.28$0.16$0.12
2016Detailed filing. Detailed filing data is available for this year.$2.59$2.59$0.25$0.19$0.06
2015Summary only. Only limited summary data is available for this year.$2.49$0.00$0.22$0.31$0.10
2014Summary only. Only limited summary data is available for this year.$2.62$0.00$0.32$0.42$0.10
2013Summary only. Only limited summary data is available for this year.$2.64$0.00$0.68$0.22$0.46
2012Summary only. Only limited summary data is available for this year.$2.07$0.00$0.13$0.19$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$44,523
Mission and Program Overview

Mission

The Foundation solicits gifts of money and property in order that the Clear Lake Public Library may continue to grow with the community and meet the changing informational and cultural needs of library uses. Gifts to the Foundation enhance basic library services that are funded through public tax dollars.

Program Services

DescriptionGrantsExpenses
Sponsors Iowa Storytelling Festival.-$3,115
Acquisition of furniture and equipment for the library.-$1,920
Library Storywalk promotes literacy by placing an illustrated children's book along a walking path--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bennett SmithPresident-$0--
Gary PetersonVice President-$0--
Julia MannesBoard Member-$0--
Tamara OrteBoard Member-$0--
Talitha AllenBoard Member-$0--
Jill BaleTreasurer-$0--
Aaron RugglesLibrary Director-$0--
Filing and Contact Details

Filer

Filer Name
Clear Lake Public Library Foundation
EIN
42-1206004
Phone
6413576133
Address
200 North 4th Street, Clear Lake, IA 50428

Signing Officer

Name
Bennett Smith
Title
President
Signed
2025-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Potter & Brant Plc
Address
31 PLAZA DRIVE, CLEAR LAKE, IA 50428
Preparer
Kristan M Brant CPA
Phone
6413575291
Supplemental Narrative

Additional Explanations

Other Expenses.1

“Digitizing History Room Docs $7137”

Other Expenses.2

“Storytelling Expenses $2615”

Other Expenses.3

“STEM $1669”

Other Expenses.4

“Speaker & Lectures $500”

Other Expenses.5

“Children's Library Update $251”

Other Assets.1005

“Accounts Receivable - Beginning $6385 Accounts Receivable - Ending $5885”

Raw XML Appendix179 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Bennett Smith
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Tamara Orte
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Library Dir.
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherChangesInNetAssetsAmt034968
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IRS990EZ/ProgramServiceRevenueAmt01360
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt03115
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt034380
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Digitizing History Room Docs $7137
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Storytelling Expenses $2615
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2STEM $1669
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Speaker & Lectures $500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Children's Library Update $251
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Accounts Receivable - Beginning $6385 Accounts Receivable - Ending $5885
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.4
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Assets.1005
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Bennett Smith
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Clear Lake Public Library Foundation
ReturnHeader/Filer/BusinessNameControlTxt0CLEA
ReturnHeader/Filer/EIN0421206004
ReturnHeader/Filer/PhoneNum06413576133
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 North 4th Street
ReturnHeader/Filer/USAddress/CityNm0Clear Lake
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050428
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202032164
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLEAR LAKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050428
ReturnHeader/PreparerPersonGrp/PhoneNum06413575291
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kristan M Brant CPA
ReturnHeader/ReturnTs02025-05-14T11:42:48-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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