Civic Intelligence

Midland County Public Library Foundation

990 • Fiscal year 2015 • EIN 46-0735772

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 20, 2016

Organization Profilewww.mcplfoundation.org
301 West Missouri AveMidland, TX 79701

(432) 688-4320

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

96th percentile

$66,500

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 16.3% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

84th percentile

50%

Faster asset growth than 84% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

49th percentile

0.2%

Faster revenue growth than 49% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$281,040

Up $94,122 (+50%) from 2014

Net Assets

Up

$281,040

Up $94,122 (+50%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin79th percentile

Revenue

Up

$408,555

Up $935 (+0.2%) from 2014

Expenses

Up

$314,433

Up $60,686 (+24%) from 2014

Net Income

Down

$94,122

Down $59,751 (-39%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$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

2015

Assets$281,040
Liabilities$0
Net Assets$281,040
Open 2015 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$408,555
Expenses$314,433
Net Income$94,122
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 20, 2016
Return Version
2015v2.1
Gross Receipts
$414,078
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$162,523$244,251▲ $81,728
Land, Buildings, and Equipment, Net$2,100$36,789▲ $34,689
Cash and Non-Interest-Bearing Accounts$22,295--
Total Assets$186,918$281,040▲ $94,122
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$116,396$278,797▲ $162,401
Temporarily Rstr Net Assets$70,522$2,243▼ $68,279
Total Net Assets Fund Balance$186,918$281,040▲ $94,122
Total Liabilities and Net Assets / Fund Balance$186,918$281,040▲ $94,122

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$36,789$6,165$42,954
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Valerie AcostaExecutive DirectorFT$66,500$66,500

Board Members and Trustees

NameTitle
Hugh Andy ShafferPresident
Rick Davis JrVice President
Amy RiddleDirector
Cookie WetendorfDirector
Emily GoodfellowDirector
Karmen Hendrix BryantDirector
Sean McDanielDirector
Valerie TinkerDirector
John Trischitti IIILibrary Director
Sandra StaleySecretary
Ellen King RamseyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$403,062
Program Service Revenue
$10,749
Investment Income
$267
Other Revenue
$-5,523
All Other Contributions
$388,927
Change in Net Assets
$94,122

Audited Revenue Reconciliation

Revenue per Audited Statements
$408,555
Total Revenue per Audited Statements
$408,555
Total Revenue per Form 990
$408,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$242,208
Salaries, Compensation, and Employee Benefits$72,225
Total Fundraising Expense$22,639
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$56,525$3,325$6,650$66,500
Advertising$44,377$2,610$5,221$52,208
Fees for Services Other$13,016--$13,016
Other Expenses$9,979$4,344$8,687$9,979
Conferences and Meetings$6,898$406$812$8,116
Office Expenses$5,929$348$696$6,973
Payroll Taxes$4,866$286$573$5,725
Depreciation Depletion$5,261--$5,261
Fees for Services Accounting-$4,000-$4,000
All Other Expenses$848$45-$893
Total Functional Expenses$276,430$15,364$22,639$314,433

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$314,433
Total Expenses per Audited Statements$314,433
Total Expenses per Form 990$314,433
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,523
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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 B, Line 11B

“The 990 is presented along with the annual financial statement audit to the board to review prior to filing.”

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

“The board of directors reviewed and approved the compensation for the executive director. Salary adjustments will be determined by the Board of Directors.”

Form 990, Part VI, Section C, Line 19

“Public documents are available for inspection upon request at the Foundations administrative offices.”

Filing and Contact Details

Filer

Filer Name
Midland County Public Library Foundation
EIN
46-0735772
Phone
4326884320
Address
301 West Missouri Ave, Midland, TX 79701

Signing Officer

Name
Valerie Acosta
Title
Executive Director
Signed
2016-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valerie Acosta
Formed
2012
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
11

Preparer

Firm
Randy Silhan CPA Cfe
Address
PO BOX 1341, WOLFFORTH, TX 79382
Preparer
Randy Silhan
Phone
4325800204
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0162523
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0244251
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0403162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0403149
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt090680
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0896991
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0267
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt036
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0313
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0896991
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0403162
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0403149
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt090680
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0896991
IRS990ScheduleA/TotalSupportAmt0897304
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt036789
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06165
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042954
IRS990ScheduleD/ExpensesSubtotalAmt0314433
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0408555
IRS990ScheduleD/TotalBookValueLandBuildingsAmt036789
IRS990ScheduleD/TotalExpensesPerForm990Amt0314433
IRS990ScheduleD/TotalRevenuePerForm990Amt0408555
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0408555
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0314433
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is presented along with the annual financial statement audit to the board to review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board of directors reviewed and approved the compensation for the executive director. Salary adjustments will be determined by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Public documents are available for inspection upon request at the Foundations administrative offices.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VII, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt070522
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02243
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0186918
IRS990/TotalAssetsEOYAmt0281040
IRS990/TotalAssetsGrp/BOYAmt0186918
IRS990/TotalAssetsGrp/EOYAmt0281040
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0403062
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022639
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015364
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0276430
IRS990/TotalFunctionalExpensesGrp/TotalAmt0314433
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0186918
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0281040
IRS990/TotalProgramServiceExpensesAmt0276430
IRS990/TotalProgramServiceRevenueAmt010749
IRS990/TotalReportableCompFromOrgAmt066500
IRS990/TotalRevenueGrp/ExclusionAmt0267
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010749
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0408555
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0186918
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0281040
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0116396
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0278797
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0301 West Missouri
IRS990/USAddress/CityNm0Midland
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079701
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Valerie Acosta
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Midland County Public Library Foundation
ReturnHeader/Filer/BusinessNameControlTxt0MIDL
ReturnHeader/Filer/EIN0460735772
ReturnHeader/Filer/PhoneNum04326884320
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 West Missouri Ave

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$281,040
Liabilities
$0
Net assets
$281,040
Revenue
$408,555
Expenses
$314,433
Net income
$94,122
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