Civic Intelligence

The Library Foundation Inc.

990 • Fiscal year 2021 • EIN 59-2590387

Jun 01, 2020 to May 31, 2021 • Filed on Apr 14, 2022

1301 Barcarrota BlvdBradenton, FL 34205

(941) 748-5555

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

96th percentile

82%

Higher net margin than 96% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

80th percentile

35%

Faster asset growth than 80% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

251%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,502,774

Up $904,440 (+35%) from 2020

Net Assets

Up

$3,499,760

Up $917,003 (+36%) from 2020

Liabilities

Down

$3,014

Down $12,563 (-81%) from 2020

Revenue

Up

$401,055

Up $286,839 (+251%) from 2020

Expenses

Down

$73,855

Down $61,563 (-45%) from 2020

Net Income

Up

$327,200

Up $348,402 (+1643%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,712,809Liabilities 2010: $0Net Assets 2010: $1,712,8092010Assets 2011: $1,693,526Liabilities 2011: $0Net Assets 2011: $1,693,5262011Assets 2012: $1,846,094Liabilities 2012: $0Net Assets 2012: $1,846,0942012Assets 2013: $2,070,218Liabilities 2013: $0Net Assets 2013: $2,070,2182013Assets 2014: $2,149,568Liabilities 2014: $0Net Assets 2014: $2,149,5682014Assets 2015: $2,287,656Liabilities 2015: $0Net Assets 2015: $2,287,6562015Assets 2016: $2,137,366Liabilities 2016: $0Net Assets 2016: $2,137,3662016Assets 2017: $2,496,405Liabilities 2017: $0Net Assets 2017: $2,496,4052017Assets 2018: $2,641,323Liabilities 2018: $0Net Assets 2018: $2,641,3232018Assets 2019: $2,603,959Liabilities 2019: $0Net Assets 2019: $2,603,9592019Assets 2020: $2,598,334Liabilities 2020: $15,577Net Assets 2020: $2,582,7572020Assets 2021: $3,502,774Liabilities 2021: $3,014Net Assets 2021: $3,499,7602021Assets 2022: $3,248,900Liabilities 2022: $2,372Net Assets 2022: $3,246,5282022Assets 2023: $2,927,251Liabilities 2023: $6,388Net Assets 2023: $2,920,8632023Assets 2024: $4,145,940Liabilities 2024: $3,500Net Assets 2024: $4,142,4402024Assets 2025: $4,378,268Liabilities 2025: $17,238Net Assets 2025: $4,361,0302025

Highlighted filing

2021

Assets$3,502,774
Liabilities$3,014
Net Assets$3,499,760

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $50,1002010Revenue 2011: $125,066Expenses 2011: $43,446Net Income 2011: $81,6202011Expenses 2012: $52,9532012Revenue 2013: $119,431Expenses 2013: $82,838Net Income 2013: $36,5932013Revenue 2014: $54,227Expenses 2014: $14,885Net Income 2014: $39,3422014Revenue 2015: $325,619Expenses 2015: $168,128Net Income 2015: $157,4912015Revenue 2016: $304,592Expenses 2016: $252,731Net Income 2016: $51,8612016Revenue 2017: $272,926Expenses 2017: $93,015Net Income 2017: $179,9112017Revenue 2018: $373,985Expenses 2018: $169,900Net Income 2018: $204,0852018Revenue 2019: $81,275Expenses 2019: $95,373Net Income 2019: -$14,0982019Revenue 2020: $114,216Expenses 2020: $135,418Net Income 2020: -$21,2022020Revenue 2021: $401,055Expenses 2021: $73,855Net Income 2021: $327,2002021Revenue 2022: $317,960Expenses 2022: $109,286Net Income 2022: $208,6742022Revenue 2023: $95,175Expenses 2023: $303,759Net Income 2023: -$208,5842023Revenue 2024: $1,173,023Expenses 2024: $315,617Net Income 2024: $857,4062024Revenue 2025: $368,213Expenses 2025: $290,294Net Income 2025: $77,9192025

Highlighted filing

2021

Revenue$401,055
Expenses$73,855
Net Income$327,200
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Apr 14, 2022
Return Version
2020v4.2
Gross Receipts
$401,055
Mission and Program Overview

Mission

To ensure that the manatee county library system obtains and manages needed supplemental funds and support to achieve its potential today and tomorrow as an indispensable community resource.

The library foundation, inc.'s mission is to ensure that the manatee county library system obtains supplemental funds and support to achieve its potential as an indispensable community resource.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,459,845$3,158,556▲ $698,711
Pledges and Grants Receivable-$250,000-
Cash and Non-Interest-Bearing Accounts$138,489$94,218▼ $44,271
Total Assets$2,598,334$3,502,774▲ $904,440
Liabilities
Accounts Payable and Accrued Expenses$15,577$3,014▼ $12,563
Total Liabilities$15,577$3,014▼ $12,563
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,438,364$3,312,810▲ $874,446
Net Assets With Donor Restrictions$144,393$186,950▲ $42,557
Total Net Assets Fund Balance$2,582,757$3,499,760▲ $917,003
Total Liabilities and Net Assets / Fund Balance$2,598,334$3,502,774▲ $904,440

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$2,459,845-▲ $632,080-$3,158,556
2019$2,435,512-▲ $113,142-$2,459,845
2018$2,410,055$113,743▲ $23,743-$2,435,512
2017$2,325,115$2,500▲ $197,570-$2,410,055
2016$2,025,876-▲ $316,891-$2,325,115
Compensation and Service Providers

Board Members and Trustees

NameTitle
A Donald Janezic JrPresident
Chris RomineVice President
Bobbi Jayne VitaleDirector
Dana ClarkDirector
Greg PorgesDirector
Jaymie CarterDirector
Peg KmakDirector
Tj KornettDirector
Anne CarterSecretary
Jennifer CookTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$275,165
Program Service Revenue
$0
Investment Income
$124,666
Other Revenue
$1,224
All Other Contributions
$275,165
Change in Net Assets
$327,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$50,777
Other Expenses$23,078
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$50,777--$50,777
Fees for Service Investment Mgmnt Fees$15,855--$15,855
Fees for Services Accounting-$5,250-$5,250
Fees for Services Management-$1,973-$1,973
Total Functional Expenses$66,632$7,223$0$73,855
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Manatee County Librrary AssociationBradenton, FL-To Provide Support to the County Library System to Purchase Much Needed Resource Materials.$50,777
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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, Section B, Line 11B

The president and treasurer and executive board will be provided the draft for review.

Form 990, Part VI, Section B, Line 12C

New and existing members are required to sign our policy annually and are responsible for alerting the board to any changes during the year.

Form 990, Part VI, Section C, Line 19

The organization's documents are posted on various appropriate donation resource agencies.

Filing and Contact Details

Filer

Filer Name
The Library Foundation Inc
EIN
59-2590387
Phone
9417485555
Address
1301 BARCARROTA BLVD, BRADENTON, FL 34205

Signing Officer

Name
Don Janezic
Title
Treasurer
Phone
9417485555
Signed
2022-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Janezic
Formed
1985
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Walters & Associates Cpas
Address
3277 FRUITVILLE RD BLDG E, SARASOTA, FL 34237
Preparer
Keith a Pittenger
Phone
9413664450
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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/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt050777
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MANATEE COUNTY PUBLIC LIBRARY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt050777
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt015854
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02459845
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03158556
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt050777
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0632080
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt012595
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02435512
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02459845
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt076214
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0113142
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt015796
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02410055
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0113743
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02435512
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt096233
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt023743
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt016055
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02325115
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt02500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02410055
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt099075
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0197570
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt017652
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02025876
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02325115
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0316891
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt050777
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE SUPPORT TO THE COUNTY LIBRARY SYSTEM TO PURCHASE MUCH NEEDED RESOURCE MATERIALS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MANATEE COUNTY LIBRRARY ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientEIN0596000727
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01301 BACARROTA BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BRADENTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd034205
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND TREASURER AND EXECUTIVE BOARD WILL BE PROVIDED THE DRAFT FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEW AND EXISTING MEMBERS ARE REQUIRED TO SIGN OUR POLICY ANNUALLY AND ARE RESPONSIBLE FOR ALERTING THE BOARD TO ANY CHANGES DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S DOCUMENTS ARE POSTED ON VARIOUS APPROPRIATE DONATION RESOURCE AGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02598334
IRS990/TotalAssetsEOYAmt03502774
IRS990/TotalAssetsGrp/BOYAmt02598334
IRS990/TotalAssetsGrp/EOYAmt03502774
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0275165
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07223
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt066632
IRS990/TotalFunctionalExpensesGrp/TotalAmt073855
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015577
IRS990/TotalLiabilitiesEOYAmt03014
IRS990/TotalLiabilitiesGrp/BOYAmt015577
IRS990/TotalLiabilitiesGrp/EOYAmt03014
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02582757
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03499760
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt066632
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt063301
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt062589
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0401055
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02598334
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03502774
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt01301 BARCARROTA BLVD
IRS990/USAddress/CityNm0BRADENTON
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034205
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DON JANEZIC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09417485555
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LIBRARY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LIBR
ReturnHeader/Filer/EIN0592590387
ReturnHeader/Filer/PhoneNum09417485555
ReturnHeader/Filer/USAddress/AddressLine1Txt01301 BARCARROTA BLVD
ReturnHeader/Filer/USAddress/CityNm0BRADENTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034205
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593618759
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WALTERS & ASSOCIATES CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03277 FRUITVILLE RD BLDG E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SARASOTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034237
ReturnHeader/PreparerPersonGrp/PhoneNum09413664450
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEITH A PITTENGER
ReturnHeader/ReturnTs02022-04-14T10:04:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JANEZIC
ReturnHeader/TaxPeriodBeginDt02020-06-01
ReturnHeader/TaxPeriodEndDt02021-05-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.38$0.02$4.36$0.37$0.29$0.08
2024Detailed filing. Detailed filing data is available for this year.$4.15$0.00$4.14$1.17$0.32$0.86
2023Detailed filing. Detailed filing data is available for this year.$2.93$0.01$2.92$0.10$0.30$0.21
2022Detailed filing. Detailed filing data is available for this year.$3.25$0.00$3.25$0.32$0.11$0.21
2021Detailed filing. Detailed filing data is available for this year.$3.50$0.00$3.50$0.40$0.07$0.33
2020Detailed filing. Detailed filing data is available for this year.$2.60$0.02$2.58$0.11$0.14$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$0.08$0.10$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.64$0.00$2.64$0.37$0.17$0.20
2017Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.50$0.27$0.09$0.18
2016Detailed filing. Detailed filing data is available for this year.$2.14$0.00$2.14$0.30$0.25$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$0.33$0.17$0.16
2014Summary only. Only limited summary data is available for this year.$2.15$0.00$2.15$0.05$0.01$0.04
2013Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$0.12$0.08$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.00$1.85$0.05
2011Summary only. Only limited summary data is available for this year.$1.69$0.00$1.69$0.13$0.04$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.00$1.71$0.05