Civic Intelligence

Tulsa Library Trust

990 • Fiscal year 2021 • EIN 51-0165881

Jul 01, 2020 to Jun 30, 2021 • Filed on May 10, 2022

400 Civic CenterTulsa, OK 74103

(918) 549-7637

Siviq Scores

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

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

34th percentile

0.15x

Higher debt load relative to revenue than 34% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

91st percentile

63%

Higher net margin than 91% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

18th percentile

$128,581

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

81st percentile

27%

Faster asset growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

43rd percentile

8.0%

Faster revenue growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$27,607,128

Up $5,829,231 (+27%) from 2020

Net Assets

Up

$27,354,411

Up $6,270,904 (+30%) from 2020

Liabilities

Down

$252,717

Down $441,673 (-64%) from 2020

Revenue

Up

$1,731,566

Up $128,109 (+8.0%) from 2020

Expenses

Down

$638,733

Down $774,909 (-55%) from 2020

Net Income

Up

$1,092,833

Up $903,018 (+476%) from 2020

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $13,525,867Liabilities 2011: $30,537Net Assets 2011: $13,495,3302011Assets 2012: $13,464,520Liabilities 2012: $25,125Net Assets 2012: $13,439,3952012Assets 2013: $18,027,620Liabilities 2013: $41,094Net Assets 2013: $17,986,5262013Assets 2014: $44,392,699Liabilities 2014: $133,007Net Assets 2014: $44,259,6922014Assets 2015: $47,824,718Liabilities 2015: $2,554,365Net Assets 2015: $45,270,3532015Assets 2016: $30,623,720Liabilities 2016: $3,762,214Net Assets 2016: $26,861,5062016Assets 2017: $21,135,243Liabilities 2017: $819,674Net Assets 2017: $20,315,5692017Assets 2018: $22,499,266Liabilities 2018: $366,058Net Assets 2018: $22,133,2082018Assets 2019: $21,718,599Liabilities 2019: $196,678Net Assets 2019: $21,521,9212019Assets 2020: $21,777,897Liabilities 2020: $694,390Net Assets 2020: $21,083,5072020Assets 2021: $27,607,128Liabilities 2021: $252,717Net Assets 2021: $27,354,4112021Assets 2022: $22,321,642Liabilities 2022: $337,323Net Assets 2022: $21,984,3192022Assets 2023: $25,472,210Liabilities 2023: $731,621Net Assets 2023: $24,740,5892023Assets 2024: $38,061,559Liabilities 2024: $719,444Net Assets 2024: $37,342,1152024

Highlighted filing

2021

Assets$27,607,128
Liabilities$252,717
Net Assets$27,354,411

Operations Trend

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

$40M$20M$0-$20MRevenue 2011: $1,262,567Expenses 2011: $1,443,223Net Income 2011: -$180,6562011Revenue 2012: $1,132,775Expenses 2012: $1,019,073Net Income 2012: $113,7022012Expenses 2013: $1,097,9612013Revenue 2014: $26,240,455Expenses 2014: $1,322,105Net Income 2014: $24,918,3502014Revenue 2015: $3,931,299Expenses 2015: $2,280,764Net Income 2015: $1,650,5352015Revenue 2016: $2,687,076Expenses 2016: $20,125,590Net Income 2016: -$17,438,5142016Revenue 2017: $1,451,013Expenses 2017: $9,385,003Net Income 2017: -$7,933,9902017Revenue 2018: $2,399,639Expenses 2018: $1,115,027Net Income 2018: $1,284,6122018Revenue 2019: $1,798,787Expenses 2019: $2,233,194Net Income 2019: -$434,4072019Revenue 2020: $1,603,457Expenses 2020: $1,413,642Net Income 2020: $189,8152020Revenue 2021: $1,731,566Expenses 2021: $638,733Net Income 2021: $1,092,8332021Revenue 2022: $2,174,880Expenses 2022: $977,970Net Income 2022: $1,196,9102022Revenue 2023: $3,044,786Expenses 2023: $1,544,883Net Income 2023: $1,499,9032023Revenue 2024: $13,447,156Expenses 2024: $2,387,453Net Income 2024: $11,059,7032024

Highlighted filing

2021

Revenue$1,731,566
Expenses$638,733
Net Income$1,092,833
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 10, 2022
Return Version
2020v4.0
Gross Receipts
$6,001,326
Mission and Program Overview

Mission

To benefit the Tulsa City County Library System (TCCL)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,720,640$25,618,981▲ $4,898,341
Investments Other Securities$935,882$1,074,044▲ $138,162
Cash and Non-Interest-Bearing Accounts-$893,763-
Pledges and Grants Receivable$98,001$0▼ $98,001
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$21,777,897$27,607,128▲ $5,829,231
Other Assets Total$23,374$20,340▼ $3,034
Liabilities
Other Liabilities$589,552$206,118▼ $383,434
Accounts Payable and Accrued Expenses$104,838$46,599▼ $58,239
Total Liabilities$694,390$252,717▼ $441,673
Net Assets / Fund Balance
Net Assets With Donor Restrictions$13,599,647$16,940,681▲ $3,341,034
Net Assets Without Donor Restrictions$7,483,860$10,413,730▲ $2,929,870
Total Net Assets Fund Balance$21,083,507$27,354,411▲ $6,270,904
Total Liabilities and Net Assets / Fund Balance$21,777,897$27,607,128▲ $5,829,231

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$11,137,226$233,233▲ $3,529,274$1,009,444$13,890,289
2019$10,944,846$288,800▲ $230,214$326,634$11,137,226
2018$10,612,974$301,821▲ $625,130$595,079$10,944,846
2017$15,362,717$46,968▲ $919,441$5,716,153$10,612,973
2016$14,035,997-▲ $2,042,666$715,946$15,362,717
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Melissa EasterlingExecutive DirectorFT$128,581$128,581

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$356,805
Program Service Revenue
$0
Investment Income
$1,374,761
Other Revenue
$0
All Other Contributions
$356,805
Change in Net Assets
$1,092,833

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,731,566
Revenue Not Reported on Form 990
$5,178,071
Total Revenue per Audited Statements
$6,909,637
Total Revenue per Form 990
$1,731,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$494,547
Salaries, Compensation, and Employee Benefits$135,884
Total Fundraising Expense$34,682
Grants and Similar Amounts Paid$8,302
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$144,424$9,703$711$154,838
Current Officers, Directors, Trustees, and Key Employees-$95,290$31,763$127,053
Fees for Services Other$32,626$23,520-$56,146
Other Expenses$51,860$1,032-$51,860
Payroll Taxes-$6,623$2,208$8,831
Grants to Domestic Orgs$8,302--$8,302
Conferences and Meetings-$355-$355
Total Functional Expenses$467,528$136,523$34,682$638,733

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$638,733
Total Expenses per Audited Statements$638,733
Total Expenses per Form 990$638,733
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tulsa City-County LibraryTulsa, OK-Central Library capital, maint./rep$8,302
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to TCCL$206,118
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Finance Committee reviewed the Form 990 in detail and then the 990 is distributed to the full Board of Trustees for their review prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Trust Board signs the conflict of interest disclosure form each year at its annual meeting.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

These documents are provided upon request from the public.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies, and financial statements are provided upon request from the public.

Filing and Contact Details

Filer

Filer Name
Tulsa Library Trust
EIN
51-0165881
Phone
9185497637
Address
400 Civic Center, Tulsa, OK 74103

Signing Officer

Name
Paul Johnson
Title
President
Signed
2022-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Johnson
Formed
1972
Legal Domicile
Ok
Voting Board Members
9
Independent Board Members
9
Employees
1

Preparer

Firm
Conklin Gilpin & Wertz PLLC
Address
2738 E 51st Street Ste 370, Tulsa, OK 74105
Preparer
Taylor D Gilpin
Phone
9187490921
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Supporting TCCL's efforts to provide services to the half-million children, teens, and adults who use the Library. The Trust strives to cultivate the love of reading and life long learning by offering unique programs, services, and resources to communities in Tulsa County, these programs, services, and resources include:1) Literacy and ESL Salary Support2) Literacy Tutor Support3) TCCL Staff Support4) TCCL/TLT Volunteer Recognition5) Library Landscaping6) Materials Purchases (Books, Recorded Materials, Digital Materials, Give-away Books)7) Branch Programming for all ages (Infants, Preschool through High School, Young Adult and Adult)8) Bookmobile and Outreach Programming9) Resource Center Programs (African American, Hispanic, American Indian and Genealogy)10) Young People's Creative Writing Contest11) Any Given Child Program12) Miscellaneous TCCL Support in areas of Marketing, Printing, and Training

Form 990, Part IX, Line 24E: Other Expenses

Employee Recognition: Column (A) - Total = $11612; Column (B) - Program Services = $11612; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Miscellaneous: Column (A) - Total = $7521; Column (B) - Program Services = $4297; Column (C) - Management & General = $3155; Column (D) - Fundraising = $69

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $44564; Column (B) - Program Services = $43280; Column (C) - Management & General = $642; Column (D) - Fundraising = $642

Form 990, Part IX, Line 24E: Other Expenses

Prizes: Column (A) - Total = $31626; Column (B) - Program Services = $31626; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Program travel, equip, fees: Column (A) - Total = $847; Column (B) - Program Services = $847; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Scholarships and awards: Column (A) - Total = $10825; Column (B) - Program Services = $10825; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Software and Support: Column (A) - Total = $24129; Column (B) - Program Services = $18223; Column (C) - Management & General = $5906; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TCCL Salary Reimbursement: Column (A) - Total = $23714; Column (B) - Program Services = $23714; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Donor provided endowment funds are designated for various enrichment, educational programs, property maintenance, and special projects. The Trust normally distributes approximately 4% of the endowment funds and periodically reviews returns and spending policies to ensure consistency with the long term objectives of the Trust.

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IRS990/Form990PartVIISectionAGrp/TitleTxt7Member
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IRS990/PrincipalOfficerNm0Paul Johnson
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0TCCL's summer library reading program for children, young adults and adults, sponsored by the Tulsa Library Trust. The program helps set summer reading goals for its participants. Participants receive prizes for reaching these goals. Numerous events and activities are held at branches throughout the summer to promote reading. Approximately 51,000 people sign up for the program, and approximately 46% of the participants complete the program/achieve the set reading goal.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0103742
IRS990/ProgSrvcAccomActy3Grp/Desc0Author programs: The Tulsa Library Trust supports literacy and reading by providing funding for author awards and support for numerous author programs at TCCL. The awards given by the Tulsa Library Trust include:-The Helmerich Distinguished Author Award, the Anne V. Zarrow Award for Young Readers, the Sankofa Freedom Award honoring an African American writer, the American Indian Writers Award, and the Books to Treasure Illustrator Award.-Teen Read Month which includes presentations by nationally known young adult/graphic novel authors, the One Book One Tulsa and Chapters events for nationally known authors, and numerous smaller branch programs featuring local and regional authors.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt086367
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleA/TotalSupportAmt05252727
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleD/RevenueSubtotalAmt01731566
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Donor provided endowment funds are designated for various enrichment, educational programs, property maintenance, and special projects. The Trust normally distributes approximately 4% of the endowment funds and periodically reviews returns and spending policies to ensure consistency with the long term objectives of the Trust.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
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IRS990ScheduleD/TotalLiabilityAmt0206118
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$38.1$0.72$37.3$13.4$2.39$11.1
2023Detailed filing. Detailed filing data is available for this year.$25.5$0.73$24.7$3.04$1.54$1.50
2022Detailed filing. Detailed filing data is available for this year.$22.3$0.34$22.0$2.17$0.98$1.20
2021Detailed filing. Detailed filing data is available for this year.$27.6$0.25$27.4$1.73$0.64$1.09
2020Detailed filing. Detailed filing data is available for this year.$21.8$0.69$21.1$1.60$1.41$0.19
2019Detailed filing. Detailed filing data is available for this year.$21.7$0.20$21.5$1.80$2.23$0.43
2018Detailed filing. Detailed filing data is available for this year.$22.5$0.37$22.1$2.40$1.12$1.28
2017Detailed filing. Detailed filing data is available for this year.$21.1$0.82$20.3$1.45$9.39$7.93
2016Detailed filing. Detailed filing data is available for this year.$30.6$3.76$26.9$2.69$20.1$17.4
2015Detailed filing. Detailed filing data is available for this year.$47.8$2.55$45.3$3.93$2.28$1.65
2014Detailed filing. Detailed filing data is available for this year.$44.4$0.13$44.3$26.2$1.32$24.9
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$0.04$18.0$1.10
2012Summary only. Only limited summary data is available for this year.$13.5$0.03$13.4$1.13$1.02$0.11
2011Summary only. Only limited summary data is available for this year.$13.5$0.03$13.5$1.26$1.44$0.18