Civic Intelligence

Frisco Public Library Foundation

990EZ • Fiscal year 2018 • EIN 61-1450647

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

PO Box 362Frisco, TX 75034

(972) 292-5610

Siviq Scores

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

Liabilities / Assets

70th percentile

0.03x

Higher debt load relative to assets than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

0.24x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

91st percentile

47%

Higher net margin than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

23rd percentile

-21%

Faster revenue growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Flat

$291,857

Flat from 2018

Net Assets

$282,500

No earlier filing loaded for comparison.

Liabilities

Flat

$9,357

Flat from 2018

Revenue

Flat

$39,585

Flat from 2018

Expenses

Flat

$21,107

Flat from 2018

Net Income

Flat

$18,478

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $181,165Liabilities 2011: $02011Assets 2012: $186,086Liabilities 2012: $02012Assets 2013: $192,984Liabilities 2013: $02013Assets 2014: $221,084Net Assets 2014: $221,0842014Assets 2015: $238,902Net Assets 2015: $238,9022015Assets 2016: $231,233Net Assets 2016: $231,2332016Assets 2017: $264,022Liabilities 2017: $02017Assets 2018: $291,857Liabilities 2018: $9,357Net Assets 2018: $282,5002018Assets 2018: $291,857Liabilities 2018: $9,3572018Assets 2019: $307,665Net Assets 2019: $307,6652019Assets 2020: $312,138Liabilities 2020: $02020Assets 2021: $313,695Liabilities 2021: $02021Assets 2022: $333,499Liabilities 2022: $0Net Assets 2022: $333,4992022Assets 2023: $185,626Liabilities 2023: $02023Assets 2024: $190,917Liabilities 2024: $0Net Assets 2024: $190,9172024

Highlighted filing

2018

Assets$291,857
Liabilities$9,357
Net Assets$282,500

Operations Trend

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

$200K$100K$0-$100K-$200KRevenue 2011: $38,341Expenses 2011: $22,366Net Income 2011: $15,9752011Revenue 2012: $57,607Expenses 2012: $52,686Net Income 2012: $4,9212012Revenue 2013: $47,119Expenses 2013: $40,221Net Income 2013: $6,8982013Revenue 2014: $53,214Expenses 2014: $25,114Net Income 2014: $28,1002014Revenue 2015: $45,405Expenses 2015: $27,587Net Income 2015: $17,8182015Revenue 2016: $69,441Expenses 2016: $77,110Net Income 2016: -$7,6692016Revenue 2017: $50,419Expenses 2017: $18,566Net Income 2017: $31,8532017Revenue 2018: $39,585Expenses 2018: $21,107Net Income 2018: $18,4782018Revenue 2018: $39,585Expenses 2018: $21,107Net Income 2018: $18,4782018Revenue 2019: $52,957Expenses 2019: $27,758Net Income 2019: $25,1992019Revenue 2020: $4,565Expenses 2020: $92Net Income 2020: $4,4732020Revenue 2021: $2,250Expenses 2021: $363Net Income 2021: $1,8872021Revenue 2022: $38,334Expenses 2022: $19,030Net Income 2022: $19,3042022Revenue 2023: $2,127Expenses 2023: $150,000Net Income 2023: -$147,8732023Revenue 2024: $5,2912024

Highlighted filing

2018

Revenue$39,585
Expenses$21,107
Net Income$18,478
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$39,585
Mission and Program Overview

Mission

To promote and support the frisco public library,

Program Services

DescriptionGrantsExpenses
THE FRISCO PUBLIC LIBRARY FOUNDATION IS COMMITTED TO AIDING THE DEVELOPMENT OF OUR LIBRARY SYSTEM BY MOBILIZING PRIVATE SUPPORT THROUGH AND ENDOWMENT FUND TO ENHANCE THE LIBRARY'S SERVICES, INNOVATION, AND ADDRESS EMERGING COMMUNITY NEEDS. WE ARE ALSO COMMITTED TO ADVOCATING FOR OUR LIBRARY WHICH PROVIDES UNEQUALED ACCESS TO RESOURCES FOR OUR ENTIRE COMMUNITY.-$19,499
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
HEATHER GARAVAGLIAPresident-$0--
RON CORCORANTreasurerPT$0--
LINDA MURPHYSecretary-$0--
WINDY GUNDERSONTrustee-$0--
WHITNEY FAULKNERTrustee-$0--
DONNA SCHMITTLERTrustee-$0--
SHELLEY HOLLEYAdvisory Tru-$0--
VAUGHN LOHECTrustee-$0--
PENNY RATHBUNAdvisory Tru-$0--
Filing and Contact Details

Filer

Filer Name
Frisco Public Library Foundation
EIN
61-1450647
Phone
9722925610
Address
PO BOX 362, FRISCO, TX 75034

Signing Officer

Name
Ron Corcoran
Title
Treasurer
Phone
9722925610
Signed
2019-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Nabors CPA Services Pc
Address
8765 STOCKARD DRIVE SUITE 404, FRISCO, TX 75034-8007
Preparer
R Wayne Nabors CPA
Phone
9724641226
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses artist & prod perf fees 5,892 venue rental 9,357 printing & copying 3,006 professional fees 2,852 total 21,107

Form 990-ez, Part II, Line 24

Accounts receivable 23,210 22,975 works of art 2,017 2,017 total 25,227 24,992

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 9,357

Form 990-ez, Part III, Line 28

The frisco public library foundation is committed to aiding the development of our library system by mobilizing private support through and endowment fund to enhance the library's services, innovation, and address emerging community needs. We are also committed to advocating for our library which provides unequaled access to resources for our entire community.

Raw XML Appendix181 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ARTIST & PROD PERF FEES 5,892 VENUE RENTAL 9,357 PRINTING & COPYING 3,006 PROFESSIONAL FEES 2,852 TOTAL 21,107
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 23,210 22,975 WORKS OF ART 2,017 2,017 TOTAL 25,227 24,992
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 9,357
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FRISCO PUBLIC LIBRARY FOUNDATION IS COMMITTED TO AIDING THE DEVELOPMENT OF OUR LIBRARY SYSTEM BY MOBILIZING PRIVATE SUPPORT THROUGH AND ENDOWMENT FUND TO ENHANCE THE LIBRARY'S SERVICES, INNOVATION, AND ADDRESS EMERGING COMMUNITY NEEDS. WE ARE ALSO COMMITTED TO ADVOCATING FOR OUR LIBRARY WHICH PROVIDES UNEQUALED ACCESS TO RESOURCES FOR OUR ENTIRE COMMUNITY.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
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ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.91$0.05
2023Summary only. Only limited summary data is available for this year.$1.86$0.00$0.02$1.50$1.48
2022Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$0.38$0.19$0.19
2021Summary only. Only limited summary data is available for this year.$3.14$0.00$0.02$0.00$0.02
2020Summary only. Only limited summary data is available for this year.$3.12$0.00$0.05$0.00$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.08$3.08$0.53$0.28$0.25
2018Detailed filing. Detailed filing data is available for this year.$2.92$0.09$2.83$0.40$0.21$0.18
2018Summary only. Only limited summary data is available for this year.$2.92$0.09$0.40$0.21$0.18
2017Summary only. Only limited summary data is available for this year.$2.64$0.00$0.50$0.19$0.32
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.31$2.31$0.69$0.77$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.39$2.39$0.45$0.28$0.18
2014Detailed filing. Detailed filing data is available for this year.$2.21$2.21$0.53$0.25$0.28
2013Summary only. Only limited summary data is available for this year.$1.93$0.00$0.47$0.40$0.07
2012Summary only. Only limited summary data is available for this year.$1.86$0.00$0.58$0.53$0.05
2011Summary only. Only limited summary data is available for this year.$1.81$0.00$0.38$0.22$0.16