Civic Intelligence

Alexander Mitchell Library Foundation

990 • Fiscal year 2021 • EIN 46-0428183

Jan 01, 2021 to Dec 31, 2021 • Filed on May 13, 2022

Organization Profile
215 SE 4th AvenueAberdeen, SD 57401

(605) 626-7097

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

1st percentile

-806%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

3rd percentile

-36%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

93rd percentile

191%

Faster revenue growth than 93% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$501,428

Down $287,429 (-36%) from 2020

Net Assets

Down

$501,428

Down $287,429 (-36%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin1st percentile

Revenue

Up

$37,595

Up $24,673 (+191%) from 2020

Expenses

Up

$340,788

Up $22,445 (+7.1%) from 2020

Net Income

Up

-$303,193

Up $2,228 (+0.7%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $758,989Liabilities 2011: $0Net Assets 2011: $758,9892011Assets 2012: $815,556Liabilities 2012: $0Net Assets 2012: $815,5562012Assets 2013: $813,904Liabilities 2013: $0Net Assets 2013: $813,9042013Assets 2014: $822,054Liabilities 2014: $0Net Assets 2014: $822,0542014Assets 2015: $822,167Liabilities 2015: $0Net Assets 2015: $822,1672015Assets 2016: $933,367Liabilities 2016: $0Net Assets 2016: $933,3672016Assets 2017: $1,723,914Liabilities 2017: $0Net Assets 2017: $1,723,9142017Assets 2018: $1,351,348Liabilities 2018: $0Net Assets 2018: $1,351,3482018Assets 2019: $1,074,041Liabilities 2019: $0Net Assets 2019: $1,074,0412019Assets 2020: $788,857Liabilities 2020: $0Net Assets 2020: $788,8572020Assets 2021: $501,428Liabilities 2021: $0Net Assets 2021: $501,4282021Assets 2022: $500,899Liabilities 2022: $0Net Assets 2022: $500,8992022Assets 2023: $543,991Liabilities 2023: $923Net Assets 2023: $543,0682023Assets 2024: $591,971Liabilities 2024: $85Net Assets 2024: $591,8862024

Highlighted filing

2021

Assets$501,428
Liabilities$0
Net Assets$501,428
Open 2021 Filing

Operations Trend

Revenue Growth93rd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $94,964Expenses 2011: $354,058Net Income 2011: -$259,0942011Revenue 2012: $18,979Expenses 2012: $10,507Net Income 2012: $8,4722012Revenue 2013: $35,101Expenses 2013: $6,006Net Income 2013: $29,0952013Revenue 2014: $71,844Expenses 2014: $14,378Net Income 2014: $57,4662014Revenue 2015: $87,434Expenses 2015: $67,970Net Income 2015: $19,4642015Revenue 2016: $707,095Expenses 2016: $620,636Net Income 2016: $86,4592016Revenue 2017: $1,117,358Expenses 2017: $345,334Net Income 2017: $772,0242017Revenue 2018: $24,607Expenses 2018: $347,937Net Income 2018: -$323,3302018Revenue 2019: $16,097Expenses 2019: $322,822Net Income 2019: -$306,7252019Revenue 2020: $12,922Expenses 2020: $318,343Net Income 2020: -$305,4212020Revenue 2021: $37,595Expenses 2021: $340,788Net Income 2021: -$303,1932021Revenue 2022: $63,526Expenses 2022: $6,732Net Income 2022: $56,7942022Revenue 2023: $37,092Expenses 2023: $22,152Net Income 2023: $14,9402023Revenue 2024: $79,697Expenses 2024: $16,797Net Income 2024: $62,9002024

Highlighted filing

2021

Revenue$37,595
Expenses$340,788
Net Income-$303,193
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 13, 2022
Return Version
2021v4.0
Gross Receipts
$52,513
Mission and Program Overview

Mission

The promotion of the library and to promote the continued growth of the library. We support the general welfare and public relations as well as the increase the holdings of the library and improvements to the library so the library can continue to be a valuable resource for the community.

Promotion of and the continued growth and development of the library. Ensuring the library can continue to provide literary services and resources to the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$547,980$412,599▼ $135,381
Cash and Non-Interest-Bearing Accounts$184,918$68,374▼ $116,544
Pledges and Grants Receivable$55,504$20,000▼ $35,504
Prepaid Expenses and Deferred Charges$455$455→ $0
Total Assets$788,857$501,428▼ $287,429
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$239,657$460,412▲ $220,755
Net Assets With Donor Restrictions$549,200$41,016▼ $508,184
Total Net Assets Fund Balance$788,857$501,428▼ $287,429
Total Liabilities and Net Assets / Fund Balance$788,857$501,428▼ $287,429
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Ken KrausePresident
Patrick GallagherVice President
Heidi GolzBoard member
Rose Johnsonboard member
Teresa Levsen-GarofaloBoard member
Jessica FaulkenSecretary
Lavonne MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,749
Program Service Revenue
$0
Investment Income
$21,846
Other Revenue
$0
All Other Contributions
$15,749
Change in Net Assets
$-303,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$319,100
Other Expenses$21,688
Total Fundraising Expense$2,677
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$319,100--$319,100
Advertising-$8,500-$8,500
Information Technology$6,447--$6,447
Fees for Service Investment Mgmnt Fees-$2,818-$2,818
Other Expenses$0$0$2,677$2,677
Insurance-$699-$699
Conferences and Meetings-$318-$318
Office Expenses-$229-$229
Total Functional Expenses$325,547$12,564$2,677$340,788
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Part VI, Section A, Line 4

“The Foundation Board approved changing the name of the foundation to a more generic name since the new library was named after the major contributor. So, in the future if the library name changes again the foundation won't need to change it's name to agree to the new library. Amended articles of incorporation has been attached.”

Form 990, Part VI, Section B, Line 11B

“At this time the Board has not adopted a process to have the 990 reviewed. The 990 is prepared by a CPA who is on the board. The board is made up of professionals who volunteer their time. The 990 is kept at the library and is available to all members of the governing board and to the public upon request.”

Form 990, Part VI, Section C, Line 19

“We currently do not have a formal conflict of interest policy. All governing documents and financial statements are kept in the Library Director's office. The board will continue to discuss drafting a policy.”

Filing and Contact Details

Filer

Filer Name
Aberdeen Library Foundation
EIN
46-0428183
Phone
6056267097
Address
215 SE 4th Avenue, Aberdeen, SD 57401

Signing Officer

Name
Lavonne Miller
Title
Treasurer
Phone
6053808627
Signed
2022-05-13

Organization Details

Principal Officer
Lavonne Miller
Formed
1994
Legal Domicile
Sd
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 8

“Prior year the unrealized gain(loss) was miscalculated on the financials and had to do a prior period adjustment in 2021”

Raw XML AppendixShowing 400 of 407 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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IRS990/MissionDesc0The promotion of the library and to promote the continued growth of the library. We support the general welfare and public relations as well as the increase the holdings of the library and improvements to the library so the library can continue to be a valuable resource for the community.
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IRS990/ProgSrvcAccomActy2Grp/Desc0In 2016 the foundation started a campaign to raise 2.1 million to be used toward the building of a new library building. Fundraising was wrapped up in 2017. The foundation is now currently making annual contributions to the City of Aberdeen who owns the library.
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IRS990/ProgSrvcAccomActy3Grp/Desc0In 2021 the foundation funded the streaming services that the library started due to Covid 19 so they could continue to provide free services to the patrons of the library.
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IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0KO Lee Library
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt146-6000010
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt27
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part I, Line 12g(i)
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Schedule A, Part I, Line 12g(ii)
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Schedule A, Part I, Line 12g(iii)
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt015749
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06314
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03233
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01099010
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01130170
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt018598
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09085
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012580
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016374
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013497
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt070134
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94157
IRS990ScheduleA/PublicSupportPY170Pct00.97484
IRS990ScheduleA/PublicSupportTotal170Amt01130170
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt015749
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05864
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06314
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03233
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01099010
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01130170
IRS990ScheduleA/TotalSupportAmt01200304
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Foundation Board approved changing the name of the foundation to a more generic name since the new library was named after the major contributor. So, in the future if the library name changes again the foundation won't need to change it's name to agree to the new library. Amended articles of incorporation has been attached.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1At this time the Board has not adopted a process to have the 990 reviewed. The 990 is prepared by a CPA who is on the board. The board is made up of professionals who volunteer their time. The 990 is kept at the library and is available to all members of the governing board and to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2We currently do not have a formal conflict of interest policy. All governing documents and financial statements are kept in the Library Director's office. The board will continue to discuss drafting a policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Prior year the unrealized gain(loss) was miscalculated on the financials and had to do a prior period adjustment in 2021
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 8
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0501428
IRS990/TotalAssetsGrp/BOYAmt0788857
IRS990/TotalAssetsGrp/EOYAmt0501428
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt015749
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012564
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0325547
IRS990/TotalFunctionalExpensesGrp/TotalAmt0340788
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0501428
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
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IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt021846
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt037595
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0788857
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0501428
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0Aberdeen
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057401
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IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/PersonNm0Lavonne Miller
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$501,428
Liabilities
$0
Net assets
$501,428
Revenue
$37,595
Expenses
$340,788
Net income
-$303,193
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.08$0.02$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.04$0.02$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.06$0.01$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.04$0.34$0.30
2020Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.01$0.32$0.31
2019Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.02$0.32$0.31
2018Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.02$0.35$0.32
2017Summary only. Only limited summary data is available for this year.$1.72$0.00$1.72$1.12$0.35$0.77
2016Summary only. Only limited summary data is available for this year.$0.93$0.00$0.93$0.71$0.62$0.09
2015Summary only. Only limited summary data is available for this year.$0.82$0.00$0.82$0.09$0.07$0.02
2014Summary only. Only limited summary data is available for this year.$0.82$0.00$0.82$0.07$0.01$0.06
2013Summary only. Only limited summary data is available for this year.$0.81$0.00$0.81$0.04$0.01$0.03
2012Summary only. Only limited summary data is available for this year.$0.82$0.00$0.82$0.02$0.01$0.01
2011Summary only. Only limited summary data is available for this year.$0.76$0.00$0.76$0.09$0.35$0.26