Civic Intelligence

Owatonna Public Library Foundation

990 • Fiscal year 2022 • EIN 54-2069039

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 26, 2023

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

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

57th percentile

11%

Higher net margin than 57% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

14th percentile

-14%

Faster asset growth than 14% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

84th percentile

57%

Faster revenue growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$1,370,921

Down $219,885 (-14%) from 2021

Net Assets

Down

$1,370,921

Down $219,885 (-14%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin57th percentile

Revenue

Up

$121,893

Up $44,166 (+57%) from 2021

Expenses

Down

$108,871

Down $1,867 (-1.7%) from 2021

Net Income

Up

$13,022

Up $46,033 (+139%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth14th 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

2022

Assets$1,370,921
Liabilities$0
Net Assets$1,370,921
Open 2022 Filing

Operations Trend

Revenue Growth84th 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

2022

Revenue$121,893
Expenses$108,871
Net Income$13,022
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 26, 2023
Return Version
2022v5.0
Gross Receipts
$1,051,672
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.

Make available & free to all the world of knowledge & information found in books & other media

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,391,885$1,089,727▼ $302,158
Savings and Temporary Cash Investments$198,921$281,194▲ $82,273
Total Assets$1,590,806$1,370,921▼ $219,885
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,590,806$1,370,921▼ $219,885
Total Net Assets Fund Balance$1,590,806$1,370,921▼ $219,885
Total Liabilities and Net Assets / Fund Balance$1,590,806$1,370,921▼ $219,885
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
John PfeiferPresident
Jill HolmesDirector
Ross LeuningDirector
Trudy SeversonDirector
Jan Mittelstadt TippettSecretary
Brad SvenbyTreasurer
Graham BenoitVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$103,303
Program Service Revenue
$0
Investment Income
$18,590
Other Revenue
$0
All Other Contributions
$103,303
Change in Net Assets
$13,022
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$77,200
Other Expenses$31,671
Total Fundraising Expense$10,836
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$77,200--$77,200
Fees for Service Investment Mgmnt Fees-$20,750-$20,750
Office Expenses-$60-$60
Other Expenses-$25$10,836$25
Total Functional Expenses$77,200$20,835$10,836$108,871
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Owatonna Public LibraryOwatonna, MNGovEnhance the Current$77,200
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 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
Yes
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, Page 6, Part VI, 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, Page 6, Part VI, Line 15B

“The organization does not have any employees.”

Form 990, Page 6, Part VI, Line 19

“The governing document 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
2023-08-26

Organization Details

Principal Officer
John Pfeifer
Formed
2002
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Struss Cpas Pc
Address
2055 4TH AVENUE SE, OWATONNA, MN 55060
Preparer
Daniel a Struss
Phone
5074510611
Raw XML Appendix323 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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IRS990ScheduleI/RecipientTable/RecipientEIN0416005444
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENT AND FINANCIAL RECAP ARE AVAILABLE UPON REQUEST.
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ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,370,921
Liabilities
$0
Net assets
$1,370,921
Revenue
$121,893
Expenses
$108,871
Net income
$13,022
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
2022Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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