Civic Intelligence

Midland County Public Library Foundation

990 • Fiscal year 2017 • EIN 46-0735772

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

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

(432) 205-1366

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

92nd percentile

52%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

81st percentile

$79,801

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 17.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

96th percentile

158%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

90th percentile

79%

Faster revenue growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$396,970

Up $243,035 (+158%) from 2016

Net Assets

Up

$396,970

Up $243,035 (+158%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin92nd percentile

Revenue

Up

$469,150

Up $207,080 (+79%) from 2016

Expenses

Down

$226,115

Down $163,060 (-42%) from 2016

Net Income

Up

$243,035

Up $370,140 (+291%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth96th 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

2017

Assets$396,970
Liabilities$0
Net Assets$396,970
Open 2017 Filing

Operations Trend

Revenue Growth90th 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

2017

Revenue$469,150
Expenses$226,115
Net Income$243,035
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$529,989
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$147,285$356,599▲ $209,314
Prepaid Expenses and Deferred Charges-$25,000-
Cash and Non-Interest-Bearing Accounts$6,333$14,544▲ $8,211
Land, Buildings, and Equipment, Net-$827-
Accounts Receivable$317--
Total Assets$153,935$396,970▲ $243,035
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$121,037$366,691▲ $245,654
Temporarily Rstr Net Assets$32,898$30,279▼ $2,619
Total Net Assets Fund Balance$153,935$396,970▲ $243,035
Total Liabilities and Net Assets / Fund Balance$153,935$396,970▲ $243,035

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$827$75$902
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Valerie AcostaExecutive DirectorFT$79,801$79,801

Board Members and Trustees

NameTitle
Andy ShafferPast President
Sean McDanielPresident
Emily GoodfellowVice President
Amy RiddleDirector
Karmen BryantDirector
Rick Davis JrDirector
Valerie TinkerDirector
Wes PerryDirector
John Trischitti III until May 2017Midland County Library Director
Sandra StaleySecretary
Ellen King RamseyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$419,249
Program Service Revenue
$6,933
Investment Income
$457
Other Revenue
$42,511
All Other Contributions
$389,249
Change in Net Assets
$243,035

Audited Revenue Reconciliation

Revenue per Audited Statements
$469,150
Total Revenue per Audited Statements
$469,150
Total Revenue per Form 990
$469,150
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$137,970
Salaries, Compensation, and Employee Benefits$85,905
Total Fundraising Expense$19,994
Grants and Similar Amounts Paid$2,240
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$67,831$3,990$7,980$79,801
Advertising$23,206$1,365$2,730$27,301
Office Expenses$7,592$447$893$8,932
Payroll Taxes$5,189$305$610$6,104
Travel$3,648$215$429$4,292
Occupancy$3,641$214$428$4,283
Fees for Services Accounting-$4,200-$4,200
Grants to Domestic Orgs$2,240--$2,240
Insurance$842$50$99$991
Fees for Services Other-$981-$981
Other Expenses$739$45$6,825$784
Depreciation Depletion-$75-$75
Total Functional Expenses$190,822$15,299$19,994$226,115

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$226,115
Total Expenses per Audited Statements$226,115
Total Expenses per Form 990$226,115
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$103,350
Fundraising Direct Expenses$60,839
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Words with Winkler$103,350$103,350$2,350$101,000
Total Events$103,350$103,350$60,839$42,511
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
Annual disclosure for covered persons
Yes
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
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 normally presented along with the annual financial statement audit to the executive director to distribute to the board members with relevant experience in financial matters to review prior to filing. The board may officially approve at a meeting after filing. In 2017, the executive director prepared a draft of the 990 to review prior to the issuance of audited financial statements. The 990 that was prepared with audited financial statements is the official 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 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.”

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.”

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
Valerie Acosta
Title
Executive Director
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valerie Acosta
Formed
2012
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
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/PayrollTaxesGrp/TotalAmt06104
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025000
IRS990/PrincipalOfficerNm0Valerie Acosta
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0451211
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Book and shirt sales
IRS990/ProgramServiceRevenueGrp/Desc1Program income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06743
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1190
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06743
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1190
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0251303
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0272
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0303313
IRS990/PYProgramServiceRevenueAmt010495
IRS990/PYRevenuesLessExpensesAmt0-127105
IRS990/PYSalariesCompEmpBnftPaidAmt085862
IRS990/PYTotalExpensesAmt0389175
IRS990/PYTotalRevenueAmt0262070
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0243035
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06933
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0147285
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0356599
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0419249
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0251303
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0403062
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0403149
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt090680
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01567443
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0457
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0272
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0267
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt036
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01042
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt01567443
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0419249
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0251303
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0403062
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0403149
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt090680
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01567443
IRS990ScheduleA/TotalSupportAmt01568485
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0827
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0902
IRS990ScheduleD/ExpensesSubtotalAmt0226115
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0469150
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0827
IRS990ScheduleD/TotalExpensesPerForm990Amt0226115
IRS990ScheduleD/TotalRevenuePerForm990Amt0469150
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0469150
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0226115
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt060839
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt041775
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt041775
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Words with Winkler
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt016714
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt016714
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0103350
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0103350
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0103350
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0103350
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt042511
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02350
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02350
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is normally presented along with the annual financial statement audit to the executive director to distribute to the board members with relevant experience in financial matters to review prior to filing. The board may officially approve at a meeting after filing. In 2017, the executive director prepared a draft of the 990 to review prior to the issuance of audited financial statements. The 990 that was prepared with audited financial statements is the official 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 within the parameters of the Foundations budget.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Public documents are available for inspection upon request at the Foundations administrative offices located at 415 W. Wall, Ste 420, Midland, TX 79701.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each 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/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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt032898
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt030279
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0153935
IRS990/TotalAssetsEOYAmt0396970
IRS990/TotalAssetsGrp/BOYAmt0153935
IRS990/TotalAssetsGrp/EOYAmt0396970
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0419249
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt019994
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015299
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0190822
IRS990/TotalFunctionalExpensesGrp/TotalAmt0226115
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0153935
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0396970
IRS990/TotalProgramServiceExpensesAmt0190822
IRS990/TotalProgramServiceRevenueAmt06933
IRS990/TotalReportableCompFromOrgAmt079801
IRS990/TotalRevenueGrp/ExclusionAmt0457
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06933
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0469150

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$396,970
Liabilities
$0
Net assets
$396,970
Revenue
$469,150
Expenses
$226,115
Net income
$243,035
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