Civic Intelligence

Midland County Public Library Foundation

990 • Fiscal year 2016 • EIN 46-0735772

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 30, 2017

Organization Profilewww.mcplfoundation.org
PO Box 1634Midland, TX 79702

(432) 688-4320

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

8th percentile

-49%

Higher net margin than 8% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

97th percentile

$79,800

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 30.4% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

10th percentile

-45%

Faster asset growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

14th percentile

-36%

Faster revenue growth than 14% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$153,935

Down $127,105 (-45%) from 2015

Net Assets

Down

$153,935

Down $127,105 (-45%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin8th percentile

Revenue

Down

$262,070

Down $146,485 (-36%) from 2015

Expenses

Up

$389,175

Up $74,742 (+24%) from 2015

Net Income

Down

-$127,105

Down $221,227 (-235%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2016

Assets$153,935
Liabilities$0
Net Assets$153,935
Open 2016 Filing

Operations Trend

Revenue Growth14th 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

2016

Revenue$262,070
Expenses$389,175
Net Income-$127,105
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 30, 2017
Return Version
2016v3.0
Gross Receipts
$262,070
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$244,251$147,285▼ $96,966
Land, Buildings, and Equipment, Net$36,789--
Cash and Non-Interest-Bearing Accounts-$6,333-
Accounts Receivable-$317-
Total Assets$281,040$153,935▼ $127,105
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$278,797$121,037▼ $157,760
Temporarily Rstr Net Assets$2,243$32,898▲ $30,655
Total Net Assets Fund Balance$281,040$153,935▼ $127,105
Total Liabilities and Net Assets / Fund Balance$281,040$153,935▼ $127,105
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Valerie AcostaExecutive DirectorFT$79,800$79,800

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
$251,303
Program Service Revenue
$10,495
Investment Income
$272
Other Revenue
$0
All Other Contributions
$165,171
Change in Net Assets
$-127,105

Audited Revenue Reconciliation

Revenue per Audited Statements
$262,070
Total Revenue per Audited Statements
$262,070
Total Revenue per Form 990
$262,070
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$303,313
Salaries, Compensation, and Employee Benefits$85,862
Total Fundraising Expense$30,871
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$67,830$3,990$7,980$79,800
Advertising$52,798$3,106$6,212$62,116
Travel$7,931$467$933$9,331
Other Expenses$8,904$7,101$14,202$8,904
Office Expenses$6,088$358$716$7,162
Payroll Taxes$5,153$303$606$6,062
Fees for Services Accounting-$4,000-$4,000
Conferences and Meetings$1,240$72$146$1,458
Fees for Services Other-$1,049-$1,049
Occupancy$644$38$76$758
All Other Expenses$229$45-$274
Total Functional Expenses$337,775$20,529$30,871$389,175

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$389,175
Total Expenses per Audited Statements$389,175
Total Expenses per Form 990$389,175
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
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 VI, 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
PO Box 1634, Midland, TX 79702

Signing Officer

Name
Valerie Acosta
Title
Executive Director
Signed
2017-10-30
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/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010495
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0244251
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0147285
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0251303
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0403062
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0403149
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt090680
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01148194
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0272
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0267
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt036
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0585
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt01148194
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0251303
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0403062
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0403149
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt090680
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01148194
IRS990ScheduleA/TotalSupportAmt01148779
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/ExpensesSubtotalAmt0389175
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0262070
IRS990ScheduleD/TotalExpensesPerForm990Amt0389175
IRS990ScheduleD/TotalRevenuePerForm990Amt0262070
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0262070
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0389175
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 VI, 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/BOYAmt02243
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt032898
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0281040
IRS990/TotalAssetsEOYAmt0153935
IRS990/TotalAssetsGrp/BOYAmt0281040
IRS990/TotalAssetsGrp/EOYAmt0153935
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0251303
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt030871
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020529
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0337775
IRS990/TotalFunctionalExpensesGrp/TotalAmt0389175
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0281040
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0153935
IRS990/TotalProgramServiceExpensesAmt0337775
IRS990/TotalProgramServiceRevenueAmt010495
IRS990/TotalReportableCompFromOrgAmt079800
IRS990/TotalRevenueGrp/ExclusionAmt0272
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010495
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0262070
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0281040
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0153935
IRS990/TravelGrp/FundraisingAmt0933
IRS990/TravelGrp/ManagementAndGeneralAmt0467
IRS990/TravelGrp/ProgramServicesAmt07931
IRS990/TravelGrp/TotalAmt09331
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0278797
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0121037
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1634
IRS990/USAddress/CityNm0Midland
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079702
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Valerie Acosta

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$153,935
Liabilities
$0
Net assets
$153,935
Revenue
$262,070
Expenses
$389,175
Net income
-$127,105
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