Civic Intelligence

Midland County Public Library Foundation

EIN 46-0735772 • 501(c)3 • Midland, TX

Profile

To support and enhance the operations, acquisitions, and funding of projects and programs that encourage lifelong learning through the Midland County Public Library System.

PO Box 1634Midland, TX 79702

www.mcplfoundation.org

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.01x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.01x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

80th percentile

29%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

78th percentile

23%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

43%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$737,756

Up $136,331 (+23%) from 2023

Liabilities

Up

$4,549

Up $1,925 (+73%) from 2023

Net Assets

Up

$733,207

Up $134,406 (+22%) from 2023

Operations
Liabilities / Revenue47th percentileNet Margin80th percentile

Revenue

Up

$399,268

Up $120,138 (+43%) from 2023

Expenses

Down

$283,002

Down $143,739 (-34%) from 2023

Net Income

Up

$116,266

Up $263,877 (+179%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

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

$800K$600K$400K$200K$0Assets 2013: $33,045Net Assets 2013: $33,0452013Assets 2014: $186,918Liabilities 2014: $0Net Assets 2014: $186,9182014Assets 2015: $281,040Liabilities 2015: $0Net Assets 2015: $281,0402015Assets 2016: $153,935Liabilities 2016: $0Net Assets 2016: $153,9352016Assets 2017: $396,970Liabilities 2017: $0Net Assets 2017: $396,9702017Assets 2018: $454,155Liabilities 2018: $2,780Net Assets 2018: $451,3752018Assets 2019: $465,904Liabilities 2019: $0Net Assets 2019: $465,9042019Assets 2020: $613,354Liabilities 2020: $0Net Assets 2020: $613,3542020Assets 2021: $730,172Liabilities 2021: $0Net Assets 2021: $730,1722021Assets 2022: $723,585Liabilities 2022: $4,563Net Assets 2022: $719,0222022Assets 2023: $601,425Liabilities 2023: $2,624Net Assets 2023: $598,8012023Assets 2024: $737,756Liabilities 2024: $4,549Net Assets 2024: $733,2072024

Highlighted filing

2024

Assets$737,756
Liabilities$4,549
Net Assets$733,207
Open 2024 Filing

Operations Trend

Revenue Growth81st percentile

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

$600K$400K$200K$0-$200KRevenue 2013: $93,461Expenses 2013: $60,416Net Income 2013: $33,0452013Revenue 2014: $407,620Expenses 2014: $253,747Net Income 2014: $153,8732014Revenue 2015: $408,555Expenses 2015: $314,433Net Income 2015: $94,1222015Revenue 2016: $262,070Expenses 2016: $389,175Net Income 2016: -$127,1052016Revenue 2017: $469,150Expenses 2017: $226,115Net Income 2017: $243,0352017Revenue 2018: $450,602Expenses 2018: $389,867Net Income 2018: $60,7352018Revenue 2019: $352,811Expenses 2019: $362,686Net Income 2019: -$9,8752019Revenue 2020: $304,460Expenses 2020: $175,308Net Income 2020: $129,1522020Revenue 2021: $418,526Expenses 2021: $336,711Net Income 2021: $81,8152021Revenue 2022: $381,450Expenses 2022: $349,594Net Income 2022: $31,8562022Revenue 2023: $279,130Expenses 2023: $426,741Net Income 2023: -$147,6112023Revenue 2024: $399,268Expenses 2024: $283,002Net Income 2024: $116,2662024

Highlighted filing

2024

Revenue$399,268
Expenses$283,002
Net Income$116,266
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$737,756
Liabilities
$4,549
Net assets
$733,207
Revenue
$399,268
Expenses
$283,002
Net income
$116,266
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.38$0.05$7.33$3.99$2.83$1.16
2023Detailed filing. Detailed filing data is available for this year.$6.01$0.03$5.99$2.79$4.27$1.48
2022Detailed filing. Detailed filing data is available for this year.$7.24$0.05$7.19$3.81$3.50$0.32
2021Detailed filing. Detailed filing data is available for this year.$7.30$0.00$7.30$4.19$3.37$0.82
2020Detailed filing. Detailed filing data is available for this year.$6.13$0.00$6.13$3.04$1.75$1.29
2019Detailed filing. Detailed filing data is available for this year.$4.66$0.00$4.66$3.53$3.63$0.10
2018Detailed filing. Detailed filing data is available for this year.$4.54$0.03$4.51$4.51$3.90$0.61
2017Detailed filing. Detailed filing data is available for this year.$3.97$0.00$3.97$4.69$2.26$2.43
2016Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$2.62$3.89$1.27
2015Detailed filing. Detailed filing data is available for this year.$2.81$0.00$2.81$4.09$3.14$0.94
2014Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$4.08$2.54$1.54
2013Detailed filing. Detailed filing data is available for this year.$0.33$0.33$0.93$0.60$0.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.2
Gross Receipts
$399,268
Mission and Program Overview

Mission

To support and enhance the operations, acquisitions, and funding of projects and programs of the Midland County Public Library System.

To support and enhance the operations, acquisitions, and funding of projects and programs that encourage lifelong learning through the Midland County Public Library System.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$343,624$380,847▲ $37,223
Investments in Publicly Traded Securities$224,266$242,407▲ $18,141
Cash and Non-Interest-Bearing Accounts$30,924$79,953▲ $49,029
Prepaid Expenses and Deferred Charges-$30,000-
Total Assets$601,425$737,756▲ $136,331
Other Assets Total$2,611$4,549▲ $1,938
Liabilities
Other Liabilities$2,611$4,549▲ $1,938
Accounts Payable and Accrued Expenses$14--
Total Liabilities$2,625$4,549▲ $1,924
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$574,437$733,207▲ $158,770
Net Assets With Donor Restrictions$24,363--
Total Net Assets Fund Balance$598,800$733,207▲ $134,407
Total Liabilities and Net Assets / Fund Balance$601,425$737,756▲ $136,331

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$902$902

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$224,266-▲ $18,141-$242,407
2023$196,876-▲ $27,390-$224,266
2022$227,582$18,426▼ $43,006$6,126$196,876
2021$197,524$100▲ $35,003$5,045$227,582
2020$137,306$46,000▲ $18,298$4,080$197,524
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Chris StonedaleExecutive DirectorFT$91,290$91,290

Board Members and Trustees

NameTitle
Katie McBrydePresident
Eric RoseVice President
Andy ShafferDirector
Ashley RoushDirector
Jess GilmourDirector
Julie DonnellyDirector
Mary MacferranDirector
Matt DunnamDirector
Michael EverettDirector
Randis ButtsDirector
Stephen RobertsonDirector
J Deviin AlsupTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$391,257
Program Service Revenue
$0
Investment Income
$6,210
Other Revenue
$1,801
All Other Contributions
$391,257
Change in Net Assets
$116,266

Audited Revenue Reconciliation

Revenue per Audited Statements
$399,268
Revenue Not Reported on Form 990
$18,141
Total Revenue per Audited Statements
$417,409
Total Revenue per Form 990
$399,268
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$184,728
Salaries, Compensation, and Employee Benefits$98,274
Total Fundraising Expense$11,962
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$77,597$4,565$9,129$91,291
Other Expenses$88,754--$88,754
Advertising$12,975$763$1,527$15,265
Payroll Taxes$5,936$349$698$6,983
Fees for Services Accounting-$6,000-$6,000
Occupancy$3,366$198$396$3,960
Insurance$1,133$67$133$1,333
Fees for Services Other-$1,090-$1,090
Office Expenses$670$39$79$788
Total Functional Expenses$257,969$13,071$11,962$283,002

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$283,002
Total Expenses per Audited Statements$283,002
Total Expenses per Form 990$283,002
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$4,549
Operating lease liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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, Part VI, Section B, Line 11B

“The 990 is presented along with the annual financial statements to the executive director to distribute to the board treasurer and members with the expertise in financial matters to review prior to filing. The board officially approves at their next scheduled meeting.”

Form 990, Part VI, Section B, Line 12C

“Each director completes and submits their annual disclosure at the beginning of the year to disclose ipotential conflicts. At the start of each board meeting of the Board of Directors review the agenda and disclose any potential conflicts for action items at the meeting.”

Form 990, Part VI, Section B, Line 15A

“The board of directors reviews and approves the compensation for the executive director annually. Salary adjustments will be determined by the Board of Directors within the parameters of the Foundations budget.”

Form 990, Part VI, Section C, Line 19

“Public documents are available for inspection upon request at the Foundations administrative offices located at 415 W. Wall, Ste 420, Midland, TX 79701. The 990 is also published on guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Midland County Public Library Foundation
EIN
46-0735772
Phone
4322051366
Address
PO Box 1634, Midland, TX 79702

Signing Officer

Name
Chris Stonedale
Title
Executive director
Phone
4322051366
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Stonedale
Formed
2012
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
12

Preparer

Firm
Randy Silhan CPA Cfe
Address
PO BOX 1341, WOLFFORTH, TX 79382
Preparer
Randy Silhan
Phone
4325800204
Supplemental Narrative

Financial Statement Notes

V 4

“funds are invested with the intent of long term growth to provide perpetual investment income to support and enhance the operations, acquistions, and funding projects and programs that encourage lifelong learning.”

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IRS990/PrincipalOfficerNm0Chris Stonedale
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0funds are invested with the intent of long term growth to provide perpetual investment income to support and enhance the operations, acquistions, and funding projects and programs that encourage lifelong learning.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0V 4
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is presented along with the annual financial statements to the executive director to distribute to the board treasurer and members with the expertise in financial matters to review prior to filing. The board officially approves at their next scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each director completes and submits their annual disclosure at the beginning of the year to disclose ipotential conflicts. At the start of each board meeting of the Board of Directors review the agenda and disclose any potential conflicts for action items at the meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board of directors reviews and approves the compensation for the executive director annually. Salary adjustments will be determined by the Board of Directors within the parameters of the Foundations budget.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Public documents are available for inspection upon request at the Foundations administrative offices located at 415 W. Wall, Ste 420, Midland, TX 79701. The 990 is also published on guidestar.org.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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