Civic Intelligence

Library and Community Foundation of Richardson County

990 • Fiscal year 2023 • EIN 47-0842392

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 28, 2024

Organization Profile
PO Box 37Falls City, NE 68355

(402) 245-2913

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

24th percentile

-9.0%

Higher net margin than 24% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

34th percentile

-0.5%

Faster asset growth than 34% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

88th percentile

71%

Faster revenue growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Flat

$1,193,317

Flat from 2023

Net Assets

Flat

$1,193,317

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin24th percentile

Revenue

Flat

$69,458

Flat from 2023

Expenses

Flat

$75,719

Flat from 2023

Net Income

Flat

-$6,261

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $811,548Liabilities 2011: $0Net Assets 2011: $811,5482011Assets 2012: $853,555Liabilities 2012: $0Net Assets 2012: $853,5552012Assets 2013: $842,596Liabilities 2013: $0Net Assets 2013: $842,5962013Assets 2014: $1,038,662Liabilities 2014: $0Net Assets 2014: $1,038,6622014Assets 2015: $1,056,717Liabilities 2015: $0Net Assets 2015: $1,056,7172015Assets 2016: $1,131,153Liabilities 2016: $0Net Assets 2016: $1,131,1532016Assets 2017: $1,122,031Liabilities 2017: $0Net Assets 2017: $1,122,0312017Assets 2018: $1,197,270Liabilities 2018: $0Net Assets 2018: $1,197,2702018Assets 2019: $1,192,697Liabilities 2019: $0Net Assets 2019: $1,192,6972019Assets 2020: $1,184,647Liabilities 2020: $0Net Assets 2020: $1,184,6472020Assets 2021: $1,206,346Liabilities 2021: $0Net Assets 2021: $1,206,3462021Assets 2022: $1,199,578Liabilities 2022: $0Net Assets 2022: $1,199,5782022Assets 2023: $1,193,317Liabilities 2023: $0Net Assets 2023: $1,193,3172023Assets 2023: $1,193,317Liabilities 2023: $0Net Assets 2023: $1,193,3172023Assets 2024: $1,217,602Liabilities 2024: $0Net Assets 2024: $1,217,6022024

Highlighted filing

2023

Assets$1,193,317
Liabilities$0
Net Assets$1,193,317
Open 2023 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $202,303Expenses 2011: $34,928Net Income 2011: $167,3752011Revenue 2012: $78,705Expenses 2012: $36,698Net Income 2012: $42,0072012Revenue 2013: $11,150Expenses 2013: $22,108Net Income 2013: -$10,9582013Revenue 2014: $224,086Expenses 2014: $28,020Net Income 2014: $196,0662014Revenue 2015: $55,581Expenses 2015: $37,526Net Income 2015: $18,0552015Revenue 2016: $135,377Expenses 2016: $60,941Net Income 2016: $74,4362016Revenue 2017: $35,284Expenses 2017: $44,406Net Income 2017: -$9,1222017Revenue 2018: $66,201Expenses 2018: $57,982Net Income 2018: $8,2192018Revenue 2019: $43,666Expenses 2019: $48,239Net Income 2019: -$4,5732019Revenue 2020: $28,314Expenses 2020: $36,364Net Income 2020: -$8,0502020Revenue 2021: $79,153Expenses 2021: $57,454Net Income 2021: $21,6992021Revenue 2022: $40,655Expenses 2022: $47,423Net Income 2022: -$6,7682022Revenue 2023: $69,458Expenses 2023: $75,719Net Income 2023: -$6,2612023Revenue 2023: $69,458Expenses 2023: $75,719Net Income 2023: -$6,2612023Revenue 2024: $80,232Expenses 2024: $55,947Net Income 2024: $24,2852024

Highlighted filing

2023

Revenue$69,458
Expenses$75,719
Net Income-$6,261
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 28, 2024
Return Version
2023v5.0
Gross Receipts
$70,306
Mission and Program Overview

Mission

To support the falls city library and arts center located in falls city, nebraska

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,199,578$1,193,317▼ $6,261
Land, Buildings, and Equipment, Net$190,538$190,538→ $0
Savings and Temporary Cash Investments$193,715$183,842▼ $9,873
Cash and Non-Interest-Bearing Accounts$92,847$96,459▲ $3,612
Total Assets$1,199,578$1,193,317▼ $6,261
Other Assets Total$722,478$722,478→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,199,578$1,193,317▼ $6,261
Total Liabilities and Net Assets / Fund Balance$1,199,578$1,193,317▼ $6,261

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$190,538-$190,538
Other Assets Org$17,334--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Dana RathjePresident
Rita SeidDirector
Christina WertenbergerDirector/CUR
Robert W AitkenSecretary/tr
Richard HalbertVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$59,752
Program Service Revenue
$0
Investment Income
$2,184
Other Revenue
$7,522
All Other Contributions
$55,792
Change in Net Assets
$-6,261
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$74,156
Grants and Similar Amounts Paid$1,563
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$23,228--$23,228
Insurance$9,566--$9,566
Fees for Services Other$8,700--$8,700
Other Expenses$4,138--$4,138
Grants to Domestic Orgs$1,563--$1,563
All Other Expenses$232--$232
Office Expenses$139--$139
Fees for Services Legal$27--$27
Total Functional Expenses$75,719$0$0$75,719
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
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, Page 6, Part VI, Line 6

“The organization has members. The governing board oversees the business of the organization, elects its own officers, and appoints new board members. The organization does have select subcommittees that accept membership payments from volunteers who want to become active in the promotion of the library and arts center in falls city, nebraska.”

Form 990, Page 6, Part VI, Line 11B

“The organization's treasurer, a local cpa, provides the bookkeeping and form 990 preparation services at no charge. After the cpa has balanced all accounts for the year, the form 990 is prepared and reviewed with either the president or secretary before it is filed. All other board members can view the completed form 990 upon request. Members of the public can be provided a copy of the form 990 upon request.”

Form 990, Page 6, Part VI, Line 19

“The organization's board deals with issues of governing documents, conflicts of interest, and record retention on an item by item basis. Financial statements and other financial information is made available to the public upon request and board approval.”

Filing and Contact Details

Filer

Filer Name
Library & Community Foundation of
EIN
47-0842392
Phone
4022452913
Address
PO BOX 37, FALLS CITY, NE 68355

Signing Officer

Name
Robert W Aitken
Title
Secretary/treasurer
Phone
4022452913
Signed
2024-06-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert W Aitken
Formed
2003
Legal Domicile
Ne
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
50

Preparer

Firm
Robert W Aitken CPA Pc
Address
1621 STONE STREET PO BOX 429, FALLS CITY, NE 68355
Preparer
Robert W Aitken
Phone
4022455566
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Curator 6,000 0 0 museum/gallery labor 2,700 0 0 total 8,700 0 0”

Raw XML Appendix358 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TR
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt177435
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt217334
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0WORKS OF ART
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc2FALTER GALLERY FIXTURES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S TREASURER, A LOCAL CPA, PROVIDES THE BOOKKEEPING AND FORM 990 PREPARATION SERVICES AT NO CHARGE. AFTER THE CPA HAS BALANCED ALL ACCOUNTS FOR THE YEAR, THE FORM 990 IS PREPARED AND REVIEWED WITH EITHER THE PRESIDENT OR SECRETARY BEFORE IT IS FILED. ALL OTHER BOARD MEMBERS CAN VIEW THE COMPLETED FORM 990 UPON REQUEST. MEMBERS OF THE PUBLIC CAN BE PROVIDED A COPY OF THE FORM 990 UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S BOARD DEALS WITH ISSUES OF GOVERNING DOCUMENTS, CONFLICTS OF INTEREST, AND RECORD RETENTION ON AN ITEM BY ITEM BASIS. FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CURATOR 6,000 0 0 MUSEUM/GALLERY LABOR 2,700 0 0 TOTAL 8,700 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT W AITKEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04022452913
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIBRARY & COMMUNITY FOUNDATION OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0RICHARDSON COUNTY
ReturnHeader/Filer/BusinessNameControlTxt0LIBR
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ReturnHeader/Filer/PhoneNum04022452913
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBERT W AITKEN CPA PC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068355
ReturnHeader/PreparerPersonGrp/PhoneNum04022455566
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT W AITKEN
ReturnHeader/ReturnTs02024-06-27T15:43:20-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT W
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0AITKEN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,193,317
Liabilities
$0
Net assets
$1,193,317
Revenue
$69,458
Expenses
$75,719
Net income
-$6,261
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.00$1.22$0.08$0.06$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.07$0.08$0.01
2023Summary only. Only limited summary data is available for this year.$1.19$0.00$1.19$0.07$0.08$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.00$1.20$0.04$0.05$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.00$1.21$0.08$0.06$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.00$1.18$0.03$0.04$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.00$1.19$0.04$0.05$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.00$1.20$0.07$0.06$0.01
2017Summary only. Only limited summary data is available for this year.$1.12$0.00$1.12$0.04$0.04$0.01
2016Summary only. Only limited summary data is available for this year.$1.13$0.00$1.13$0.14$0.06$0.07
2015Summary only. Only limited summary data is available for this year.$1.06$0.00$1.06$0.06$0.04$0.02
2014Summary only. Only limited summary data is available for this year.$1.04$0.00$1.04$0.22$0.03$0.20
2013Summary only. Only limited summary data is available for this year.$0.84$0.00$0.84$0.01$0.02$0.01
2012Summary only. Only limited summary data is available for this year.$0.85$0.00$0.85$0.08$0.04$0.04
2011Summary only. Only limited summary data is available for this year.$0.81$0.00$0.81$0.20$0.03$0.17