Civic Intelligence

Owatonna Public Library Foundation

990 • Fiscal year 2018 • EIN 54-2069039

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 07, 2019

Organization ProfileN/A
105 N Elm AvenueOwatonna, MN 55060

(507) 444-2460

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

7th percentile

0.00x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

7th percentile

-38%

Higher net margin than 7% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

12th percentile

-8.8%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

7th percentile

-39%

Faster revenue growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets7th percentile

Assets

Down

$1,470,298

Down $141,756 (-8.8%) from 2017

Net Assets

Down

$1,470,298

Down $141,756 (-8.8%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin7th percentile

Revenue

Down

$87,568

Down $56,240 (-39%) from 2017

Expenses

Down

$121,148

Down $16,805 (-12%) from 2017

Net Income

Down

-$33,580

Down $39,435 (-674%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,843,398Liabilities 2011: $0Net Assets 2011: $1,843,3982011Assets 2012: $1,905,164Liabilities 2012: $0Net Assets 2012: $1,905,1642012Assets 2013: $2,044,119Liabilities 2013: $0Net Assets 2013: $2,044,1192013Assets 2014: $1,817,860Liabilities 2014: $0Net Assets 2014: $1,817,8602014Assets 2015: $1,710,237Liabilities 2015: $0Net Assets 2015: $1,710,2372015Assets 2016: $1,536,604Liabilities 2016: $0Net Assets 2016: $1,536,6042016Assets 2017: $1,612,054Liabilities 2017: $0Net Assets 2017: $1,612,0542017Assets 2018: $1,470,298Liabilities 2018: $0Net Assets 2018: $1,470,2982018Assets 2019: $1,549,459Liabilities 2019: $0Net Assets 2019: $1,549,4592019Assets 2020: $1,527,692Liabilities 2020: $0Net Assets 2020: $1,527,6922020Assets 2021: $1,590,806Liabilities 2021: $0Net Assets 2021: $1,590,8062021Assets 2022: $1,370,921Liabilities 2022: $0Net Assets 2022: $1,370,9212022Assets 2023: $1,458,329Liabilities 2023: $0Net Assets 2023: $1,458,3292023Assets 2024: $2,006,145Liabilities 2024: $0Net Assets 2024: $2,006,1452024

Highlighted filing

2018

Assets$1,470,298
Liabilities$0
Net Assets$1,470,298
Open 2018 Filing

Operations Trend

Revenue Growth7th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $123,054Expenses 2011: $22,869Net Income 2011: $100,1852011Revenue 2012: $25,742Expenses 2012: $26,112Net Income 2012: -$3702012Revenue 2013: $178,761Expenses 2013: $35,074Net Income 2013: $143,6872013Revenue 2014: $154,617Expenses 2014: $351,542Net Income 2014: -$196,9252014Revenue 2015: -$56,398Expenses 2015: $41,141Net Income 2015: -$97,5392015Revenue 2016: $39,957Expenses 2016: $231,099Net Income 2016: -$191,1422016Revenue 2017: $143,808Expenses 2017: $137,953Net Income 2017: $5,8552017Revenue 2018: $87,568Expenses 2018: $121,148Net Income 2018: -$33,5802018Revenue 2019: $73,832Expenses 2019: $110,526Net Income 2019: -$36,6942019Revenue 2020: $157,057Expenses 2020: $102,481Net Income 2020: $54,5762020Revenue 2021: $77,727Expenses 2021: $110,738Net Income 2021: -$33,0112021Revenue 2022: $121,893Expenses 2022: $108,871Net Income 2022: $13,0222022Revenue 2023: $39,376Expenses 2023: $114,247Net Income 2023: -$74,8712023Revenue 2024: $538,096Expenses 2024: $119,646Net Income 2024: $418,4502024

Highlighted filing

2018

Revenue$87,568
Expenses$121,148
Net Income-$33,580
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 7, 2019
Return Version
2018v3.1
Gross Receipts
$5,492,984
Mission and Program Overview

Mission

Enhance the current program service delivery of the library, namely to make available and free to all the world of knowledge and information found in books and other media available at the local library.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,467,646$1,189,923▼ $277,723
Savings and Temporary Cash Investments$144,408$280,375▲ $135,967
Total Assets$1,612,054$1,470,298▼ $141,756
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,612,054$1,470,298▼ $141,756
Total Net Assets Fund Balance$1,612,054$1,470,298▼ $141,756
Total Liabilities and Net Assets / Fund Balance$1,612,054$1,470,298▼ $141,756
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
John PfeiferPresident
Sharon StarkPresident (part Year)
Sherman FjalstadVice President
Graham BenoitDirector
Jill HolmesDirector
Ann DalyDirector (part Year)
Jan Mittelstadt TippettDirector (part Year)
Ross LeuningSecretary
Brad SvenbyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$33,652
Program Service Revenue
$0
Investment Income
$53,916
Other Revenue
$0
All Other Contributions
$33,652
Change in Net Assets
$-33,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,148
Total Fundraising Expense$9,432
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$27,918-$27,918
Office Expenses-$93-$93
Other Expenses$83,680$25$9,432$25
Total Functional Expenses$83,680$28,036$9,432$121,148
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
Annual disclosure for covered persons
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
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, Section B, Line 11B

“Each board member is given the chance to review the form 990 at the annual meeting prior to submission to the irs.”

Form 990, Part VI, Section B, Line 15

“Form 990, part vi, section b, line 15: the organization does not have any employees.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial recap are available upon request.”

Filing and Contact Details

Filer

Filer Name
Owatonna Public Library Foundation
EIN
54-2069039
Phone
5074442460
Address
105 N ELM AVENUE, OWATONNA, MN 55060

Signing Officer

Name
Brad Svenby
Title
Treasurer
Phone
5074442460
Signed
2019-11-07

Organization Details

Principal Officer
Brad Svenby
Formed
2002
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
9

Preparer

Firm
Cliftonlarsonallen Llp
Address
121 WEST BRIDGE STREET, OWATONNA, MN 55060
Preparer
Brad Svenby
Phone
5074467100
Raw XML Appendix346 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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IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE PURPOSE OF THE OWATONNA PUBLIC LIBRARY FOUNDATION IS TO ENHANCE THE CURRENT PROGRAM SERVICE DELIVERY OF THE OWATONNA PUBLIC LIBRARY. ALL CONTRIBUTIONS RECEIVED AND EARNINGS FROM THE FOUNDATION'S INVESTMENTS ARE USED TO SUPPORT THE OWATONNA PUBLIC LIBRARY. THE OWATONNA PUBLIC LIBRARY IS A FACILITY THAT PROVIDES SERVICES TO THE GENERAL PUBLIC AND IS OPEN TO THE GENERAL PUBLIC. THE BOARD OF DIRECTORS IS MADE UP OF INDIVIDUALS THAT REPRESENT A BROAD INTEREST OF THE GENERAL PUBLIC. THE FOUNDATION HAS A MARKETING VIDEO AND A ANNUAL MAILING TO SOLICIT CONTRIBUTIONS FROM THE RESIDENTS OF STEELE COUNTY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH BOARD MEMBER IS GIVEN THE CHANCE TO REVIEW THE FORM 990 AT THE ANNUAL MEETING PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, SECTION B, LINE 15: THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND FINANCIAL RECAP ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028036
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,470,298
Liabilities
$0
Net assets
$1,470,298
Revenue
$87,568
Expenses
$121,148
Net income
-$33,580
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.01$0.00$2.01$0.54$0.12$0.42
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.00$1.46$0.04$0.11$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.00$1.37$0.12$0.11$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.00$1.59$0.08$0.11$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$0.00$1.53$0.16$0.10$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$0.00$1.55$0.07$0.11$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.47$0.09$0.12$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.00$1.61$0.14$0.14$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.00$1.54$0.04$0.23$0.19
2015Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$0.06$0.04$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.15$0.35$0.20
2013Detailed filing. Detailed filing data is available for this year.$2.04$0.00$2.04$0.18$0.04$0.14
2012Summary only. Only limited summary data is available for this year.$1.91$0.00$1.91$0.03$0.03$0.00
2011Summary only. Only limited summary data is available for this year.$1.84$0.00$1.84$0.12$0.02$0.10