Civic Intelligence

Midland County Public Library Foundation

990 • Fiscal year 2021 • EIN 46-0735772

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

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

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

61st percentile

20%

Higher net margin than 61% of similar nonprofits.

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

Top Officer Pay

82nd percentile

$81,300

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 19.4% of source-year revenue.

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

Asset Growth

64th percentile

19%

Faster asset growth than 64% of similar nonprofits.

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

Revenue Growth

68th percentile

37%

Faster revenue growth than 68% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$730,172

Up $116,818 (+19%) from 2020

Net Assets

Up

$730,172

Up $116,818 (+19%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin61st percentile

Revenue

Up

$418,526

Up $114,066 (+37%) from 2020

Expenses

Up

$336,711

Up $161,403 (+92%) from 2020

Net Income

Down

$81,815

Down $47,337 (-37%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth64th 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

2021

Assets$730,172
Liabilities$0
Net Assets$730,172
Open 2021 Filing

Operations Trend

Revenue Growth68th 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

2021

Revenue$418,526
Expenses$336,711
Net Income$81,815
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$418,526
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$390,504$415,320▲ $24,816
Investments in Publicly Traded Securities$197,524$227,582▲ $30,058
Cash and Non-Interest-Bearing Accounts$25,326$68,845▲ $43,519
Prepaid Expenses and Deferred Charges-$18,425-
Total Assets$613,354$730,172▲ $116,818
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$588,317$705,809▲ $117,492
Net Assets With Donor Restrictions$25,037$24,363▼ $674
Total Net Assets Fund Balance$613,354$730,172▲ $116,818
Total Liabilities and Net Assets / Fund Balance$613,354$730,172▲ $116,818

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$902$902

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$197,524$100▲ $35,003$5,045$227,582
2020$137,306$46,000▲ $18,298$4,080$197,524
2019$82,552$30,350▲ $24,404-$137,306
2018-$88,882▼ $6,330-$82,552
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris StonedaleExecutive DirectorFT$79,800$1,500$81,300

Board Members and Trustees

NameTitle
Emily GoodfellowPast President
Stephen RobertsonPresident
Mary MacferranVice President
Andy ShafferDirector
Katie McBrydeDirector
Kelly BrownDirector
Melissa McCabeDirector
Tasa RichardsonDirector
Eric RoseSecretary
J Devin AlsupTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$417,235
Program Service Revenue
$12
Investment Income
$1,279
Other Revenue
$0
All Other Contributions
$417,235
Change in Net Assets
$81,815

Audited Revenue Reconciliation

Revenue per Audited Statements
$418,526
Revenue Not Reported on Form 990
$35,003
Total Revenue per Audited Statements
$453,529
Total Revenue per Form 990
$418,526
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$248,985
Salaries, Compensation, and Employee Benefits$87,726
Total Fundraising Expense$18,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$69,378$4,081$8,162$81,621
Other Expenses$60,211$3,542$7,084$70,837
Advertising$15,180$893$1,786$17,859
Payroll Taxes$5,189$305$611$6,105
Fees for Services Accounting-$5,000-$5,000
Occupancy$3,367$198$395$3,960
Office Expenses$1,155$68$136$1,359
Fees for Services Other-$1,333-$1,333
Insurance$1,070$63$126$1,259
Total Functional Expenses$302,928$15,483$18,300$336,711

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$336,711
Total Expenses per Audited Statements$336,711
Total Expenses per Form 990$336,711
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
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
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Stonedale
Formed
2012
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
10

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

“Endowment 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/PYOtherExpensesAmt089403
IRS990/PYOtherRevenueAmt0250
IRS990/PYProgramServiceRevenueAmt0444
IRS990/PYRevenuesLessExpensesAmt0129152
IRS990/PYSalariesCompEmpBnftPaidAmt085905
IRS990/PYTotalExpensesAmt0175308
IRS990/PYTotalRevenueAmt0304460
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt081815
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0390504
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0415320
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0417235
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0302491
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0385815
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0415825
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0419249
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01940615
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01279
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01275
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01097
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0901
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0457
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05009
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0302491
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0415825
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0419249
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01940615
IRS990ScheduleA/TotalSupportAmt01945624
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
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IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt035003
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt05045
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0137306
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt046000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0197524
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018298
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt04080
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt082552
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt030350
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0137306
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt024404
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt088882
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt082552
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-6330
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0902
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0902
IRS990ScheduleD/ExpensesSubtotalAmt0336711
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/NetUnrealizedGainsInvstAmt035003
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueNotReportedAmt035003
IRS990ScheduleD/RevenueSubtotalAmt0418526
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowment 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0V 4
IRS990ScheduleD/TotalExpensesPerForm990Amt0336711
IRS990ScheduleD/TotalRevenuePerForm990Amt0418526
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0453529
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0336711
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0613354
IRS990/TotalAssetsEOYAmt0730172
IRS990/TotalAssetsGrp/BOYAmt0613354
IRS990/TotalAssetsGrp/EOYAmt0730172
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0417235
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018300
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015483
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0302928
IRS990/TotalFunctionalExpensesGrp/TotalAmt0336711
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0613354
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0730172
IRS990/TotalOtherCompensationAmt01500
IRS990/TotalProgramServiceExpensesAmt0302928
IRS990/TotalProgramServiceRevenueAmt012
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IRS990/TotalRevenueGrp/ExclusionAmt01279
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0418526
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0613354
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0730172
IRS990/TravelGrp/TotalAmt00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$730,172
Liabilities
$0
Net assets
$730,172
Revenue
$418,526
Expenses
$336,711
Net income
$81,815
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