Civic Intelligence

Rockbridge Regional Library Foundation

990 • Fiscal year 2014 • EIN 54-1643261

Jul 01, 2013 to Jun 30, 2014 • Filed on Sep 29, 2014

138 South Main StreetLexington, VA 24450

(540) 463-4324

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

76th percentile

17%

Higher net margin than 76% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

69th percentile

9.0%

Faster asset growth than 69% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

41st percentile

0.7%

Faster revenue growth than 41% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,119,740

Up $92,494 (+9.0%) from 2013

Net Assets

Up

$1,119,740

Up $92,494 (+9.0%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$63,474

Up $444 (+0.7%) from 2013

Expenses

Down

$52,441

Down $6,236 (-11%) from 2013

Net Income

Up

$11,033

Up $6,680 (+153%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $992,429Liabilities 2011: $0Net Assets 2011: $992,4292011Assets 2012: $1,024,676Liabilities 2012: $37,421Net Assets 2012: $987,2552012Assets 2013: $1,027,246Liabilities 2013: $0Net Assets 2013: $1,027,2462013Assets 2014: $1,119,740Liabilities 2014: $0Net Assets 2014: $1,119,7402014Assets 2015: $1,309,129Liabilities 2015: $0Net Assets 2015: $1,309,1292015Assets 2016: $1,291,019Liabilities 2016: $0Net Assets 2016: $1,291,0192016Assets 2017: $1,336,707Liabilities 2017: $0Net Assets 2017: $1,336,7072017Assets 2018: $1,374,663Liabilities 2018: $0Net Assets 2018: $1,374,6632018Assets 2019: $1,403,967Liabilities 2019: $0Net Assets 2019: $1,403,9672019Assets 2020: $1,439,067Liabilities 2020: $65,007Net Assets 2020: $1,374,0602020Assets 2021: $1,639,836Liabilities 2021: $0Net Assets 2021: $1,639,8362021Assets 2022: $1,538,286Liabilities 2022: $0Net Assets 2022: $1,538,2862022Assets 2023: $1,838,264Liabilities 2023: $0Net Assets 2023: $1,838,2642023Assets 2024: $1,987,520Liabilities 2024: $0Net Assets 2024: $1,987,5202024Assets 2025: $2,172,659Liabilities 2025: $0Net Assets 2025: $2,172,6592025

Highlighted filing

2014

Assets$1,119,740
Liabilities$0
Net Assets$1,119,740

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $75,4882011Expenses 2012: $50,8922012Revenue 2013: $63,030Expenses 2013: $58,677Net Income 2013: $4,3532013Revenue 2014: $63,474Expenses 2014: $52,441Net Income 2014: $11,0332014Revenue 2015: $278,310Expenses 2015: $71,283Net Income 2015: $207,0272015Revenue 2016: $46,039Expenses 2016: $60,332Net Income 2016: -$14,2932016Revenue 2017: $79,273Expenses 2017: $69,664Net Income 2017: $9,6092017Revenue 2018: $69,877Expenses 2018: $70,879Net Income 2018: -$1,0022018Revenue 2019: $55,618Expenses 2019: $71,385Net Income 2019: -$15,7672019Revenue 2020: $60,110Expenses 2020: $95,294Net Income 2020: -$35,1842020Revenue 2021: $147,125Expenses 2021: $83,114Net Income 2021: $64,0112021Revenue 2022: $666,508Expenses 2022: $99,599Net Income 2022: $566,9092022Revenue 2023: $308,475Expenses 2023: $96,838Net Income 2023: $211,6372023Revenue 2024: $108,121Expenses 2024: $110,567Net Income 2024: -$2,4462024Revenue 2025: $149,128Expenses 2025: $120,068Net Income 2025: $29,0602025

Highlighted filing

2014

Revenue$63,474
Expenses$52,441
Net Income$11,033
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Sep 29, 2014
Return Version
2013v3.0
Gross Receipts
$194,201
Mission and Program Overview

Mission

Support the rockbridge regional library

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,023,947$1,105,165▲ $81,218
Cash and Non-Interest-Bearing Accounts$1,755$12,226▲ $10,471
Savings and Temporary Cash Investments$1,544$1,999▲ $455
Prepaid Expenses and Deferred Charges-$350-
Total Assets$1,027,246$1,119,740▲ $92,494
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$548,745$549,855▲ $1,110
Unrestricted Net Assets$327,590$395,618▲ $68,028
Temporarily Rstr Net Assets$150,911$174,267▲ $23,356
Total Net Assets Fund Balance$1,027,246$1,119,740▲ $92,494
Total Liabilities and Net Assets / Fund Balance$1,027,246$1,119,740▲ $92,494

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$54,170--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,025,491$1,110▲ $131,718$51,155$1,107,164
2013$1,020,161$9,365▲ $74,759$78,794$1,025,491
2012$983,716$5,255▲ $31,190-$1,020,161
2011$850,526$12,045▲ $183,555-$983,716
2010$784,012$440▲ $90,810-$850,526
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ross WallerPresident
Don SamdahlDirector
Kate BufordDirector
Laura KornegayDirector
Linda KrantzDirector
Paige WilliamsDirector
Sue Ann HugerDirector
Doug HoranRep. Library Board
Percy NowlinRep. Library Board
Merrily TaylorRep. Friends of Library
Beverly SlaydonSecretary
Steve McallisterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,217
Program Service Revenue
$0
Investment Income
$50,257
Other Revenue
$0
All Other Contributions
$13,217
Change in Net Assets
$11,033

Audited Revenue Reconciliation

Revenue per Audited Statements
$63,474
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$81,461
Total Revenue per Audited Statements
$144,935
Total Revenue per Form 990
$63,474
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$49,156
Other Expenses$3,285
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$49,156--$49,156
Fees for Services Accounting-$2,700-$2,700
Insurance-$350-$350
Office Expenses-$100-$100
Other Expenses-$30-$30
Total Functional Expenses$49,156$3,285$0$52,441

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$52,441
Total Expenses per Audited Statements$52,441
Total Expenses per Form 990$52,441
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
54-6001156--Annual Operating Support$49,156
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
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, Part VI, Section B, Line 11

The finance and investments committee of the board of directors is responsible for assuring effective supervision and review.

Form 990, Part VI, Section C, Line 19

Hard copy is made available at the rockbridge regional library headquarters in lexington, virginia upon request.

Filing and Contact Details

Filer

EIN
54-1643261
Phone
5404634324

Signing Officer

Name
Ross Waller
Title
President
Phone
5404634324
Signed
2014-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ross Waller
Formed
1992
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Preparer
David B Hawkins
Phone
5404637121
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The foundation has not made any changes in its committee structures or in the assignments and responsibilities given to them.

Financial Statement Notes

PART V, LINE 4:

Investment income from permanent endowment and board designated endowment is used to make grants to rockbridge regional library. Temporarily restricted amounts include $124,000 for buena vista branch.

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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt05255
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01020161
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt031190
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt050
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0850526
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt012045
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0983716
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt062360
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0183555
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0784012
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0440
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0850526
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt024736
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt090810
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt052441
IRS990ScheduleD/NetUnrealizedGainsInvstAmt081461
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0113327
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1384226
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt287970
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3121722
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4237218
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt556470
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt623892
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt726170
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt854170
IRS990ScheduleD/OtherSecuritiesGrp/Desc0VANGUARD INFLATION PROTECTED SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1VANGUARD TOTAL STOCK MARKET INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc2VANGUARD SHORT TERM BOND INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc3VANGUARD FTSE ALL WORLD EX US INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc4VANGUARD INTERMEDIATE TERM TREASURY
IRS990ScheduleD/OtherSecuritiesGrp/Desc5VANGUAURD REIT INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc6ISHARES GOLD ETF
IRS990ScheduleD/OtherSecuritiesGrp/Desc7SPDR GOVERNMENT BOND ETF
IRS990ScheduleD/OtherSecuritiesGrp/Desc8POWER SHARES COMMODITY INDEX ETF
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd8F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.49660
IRS990ScheduleD/RevenueNotReportedAmt081461
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt063474
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INVESTMENT INCOME FROM PERMANENT ENDOWMENT AND BOARD DESIGNATED ENDOWMENT IS USED TO MAKE GRANTS TO ROCKBRIDGE REGIONAL LIBRARY. TEMPORARILY RESTRICTED AMOUNTS INCLUDE $124,000 FOR BUENA VISTA BRANCH.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.15740
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt01105165
IRS990ScheduleD/TotalExpensesPerForm990Amt052441
IRS990ScheduleD/TotalRevenuePerForm990Amt063474
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0144935
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt052441
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt049156
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ANNUAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10ROCKBRIDGE REGIONAL LIBRARY
IRS990ScheduleI/RecipientTable/RecipientEIN0546001156
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10138 SOUTH MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/City0LEXINGTON
IRS990ScheduleI/RecipientTable/USAddress/State0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode024450
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT REQUESTS BY THE ROCKBRIDGE REGIONAL LIBRARY ARE EVALUATED BY THE FOUNDATION BOARD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCE AND INVESTMENTS COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR ASSURING EFFECTIVE SUPERVISION AND REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HARD COPY IS MADE AVAILABLE AT THE ROCKBRIDGE REGIONAL LIBRARY HEADQUARTERS IN LEXINGTON, VIRGINIA UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION HAS NOT MADE ANY CHANGES IN ITS COMMITTEE STRUCTURES OR IN THE ASSIGNMENTS AND RESPONSIBILITIES GIVEN TO THEM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0150911
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0174267
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01027246
IRS990/TotalAssetsEOYAmt01119740
IRS990/TotalAssetsGrp/BOYAmt01027246
IRS990/TotalAssetsGrp/EOYAmt01119740
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt013217
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03285
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt049156
IRS990/TotalFunctionalExpensesGrp/TotalAmt052441
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01027246
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01119740
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt049156
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt050257
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt063474
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01027246
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01119740
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0327590
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0395618
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10138 SOUTH MAIN STREET
IRS990/USAddress/City0LEXINGTON

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$0.15$0.12$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.11$0.11$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$0.31$0.10$0.21
2022Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.67$0.10$0.57
2021Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.15$0.08$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.44$0.07$1.37$0.06$0.10$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.06$0.07$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$0.07$0.07$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.08$0.07$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.05$0.06$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$0.28$0.07$0.21
2014Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.06$0.05$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.00$1.03$0.06$0.06$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.04$0.99$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.00$0.99$0.08