Civic Intelligence

Lake Memorial Library Fund

990 • Fiscal year 2020 • EIN 64-6020755

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 07, 2020

Organization ProfileN/A
PO Box 23100Jackson, MS 39225

(601) 790-8158

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

59th percentile

10.0%

Higher net margin than 59% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

40th percentile

$18,180

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 22.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

33rd percentile

0.4%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

33rd percentile

-10%

Faster revenue growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$2,154,868

Up $7,985 (+0.4%) from 2019

Net Assets

Up

$2,154,868

Up $7,985 (+0.4%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin59th percentile

Revenue

Down

$80,080

Down $8,969 (-10%) from 2019

Expenses

Down

$72,095

Down $8,722 (-11%) from 2019

Net Income

Down

$7,985

Down $247 (-3.0%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,712,728Liabilities 2011: $0Net Assets 2011: $1,712,7282011Assets 2012: $1,724,596Liabilities 2012: $0Net Assets 2012: $1,724,5962012Assets 2013: $1,743,274Liabilities 2013: $0Net Assets 2013: $1,743,2742013Assets 2014: $1,785,159Liabilities 2014: $0Net Assets 2014: $1,785,1592014Assets 2015: $1,979,909Liabilities 2015: $0Net Assets 2015: $1,979,9092015Assets 2016: $2,005,448Liabilities 2016: $0Net Assets 2016: $2,005,4482016Assets 2017: $2,072,799Liabilities 2017: $0Net Assets 2017: $2,072,7992017Assets 2018: $2,138,651Liabilities 2018: $0Net Assets 2018: $2,138,6512018Assets 2019: $2,146,883Liabilities 2019: $0Net Assets 2019: $2,146,8832019Assets 2020: $2,154,868Liabilities 2020: $0Net Assets 2020: $2,154,8682020Assets 2021: $2,214,142Liabilities 2021: $0Net Assets 2021: $2,214,1422021Assets 2022: $2,256,932Liabilities 2022: $0Net Assets 2022: $2,256,9322022Assets 2023: $2,280,625Liabilities 2023: $0Net Assets 2023: $2,280,6252023Assets 2024: $2,296,020Liabilities 2024: $0Net Assets 2024: $2,296,0202024Assets 2025: $2,408,601Liabilities 2025: $0Net Assets 2025: $2,408,6012025

Highlighted filing

2020

Assets$2,154,868
Liabilities$0
Net Assets$2,154,868
Open 2020 Filing

Operations Trend

Revenue Growth33rd percentile

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

$300K$200K$100K$0Revenue 2011: $70,065Expenses 2011: $58,478Net Income 2011: $11,5872011Revenue 2012: $72,680Expenses 2012: $60,812Net Income 2012: $11,8682012Revenue 2013: $80,782Expenses 2013: $62,104Net Income 2013: $18,6782013Revenue 2014: $100,105Expenses 2014: $58,220Net Income 2014: $41,8852014Revenue 2015: $268,049Expenses 2015: $73,299Net Income 2015: $194,7502015Revenue 2016: $112,427Expenses 2016: $86,888Net Income 2016: $25,5392016Revenue 2017: $135,188Expenses 2017: $67,837Net Income 2017: $67,3512017Revenue 2018: $91,474Expenses 2018: $25,622Net Income 2018: $65,8522018Revenue 2019: $89,049Expenses 2019: $80,817Net Income 2019: $8,2322019Revenue 2020: $80,080Expenses 2020: $72,095Net Income 2020: $7,9852020Revenue 2021: $139,122Expenses 2021: $79,848Net Income 2021: $59,2742021Revenue 2022: $121,138Expenses 2022: $78,348Net Income 2022: $42,7902022Revenue 2023: $98,828Expenses 2023: $75,135Net Income 2023: $23,6932023Revenue 2024: $86,722Expenses 2024: $71,327Net Income 2024: $15,3952024Revenue 2025: $144,434Expenses 2025: $31,853Net Income 2025: $112,5812025

Highlighted filing

2020

Revenue$80,080
Expenses$72,095
Net Income$7,985
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 7, 2020
Return Version
2019v5.1
Gross Receipts
$796,669
Mission and Program Overview

Mission

Support of city of jackson public school libraries

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,061,287$2,047,370▼ $13,917
Investments Other Securities$85,593$107,495▲ $21,902
Total Assets$2,146,883$2,154,868▲ $7,985
Other Assets Total$3$3→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,146,883$2,154,868▲ $7,985
Total Net Assets Fund Balance$2,146,883$2,154,868▲ $7,985
Total Liabilities and Net Assets / Fund Balance$2,146,883$2,154,868▲ $7,985

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,146,883-▲ $80,080$26,857$2,154,868
2018$2,138,651-▲ $34,425$26,193$2,146,883
2017$2,072,799-▲ $91,474$25,622$2,138,651
2016$2,005,448-▲ $135,188$28,888$2,072,799
2015$1,979,909-▲ $112,427$30,371$2,005,448
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleOtherTotal
Regions BankTrustee$18,180$18,180
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$80,080
Other Revenue
$0
Change in Net Assets
$7,985

Audited Revenue Reconciliation

Revenue per Audited Statements
$71,532
Revenue Not Reported on Financial Statements
$8,548
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$8,548
Total Revenue per Audited Statements
$71,532
Total Revenue per Form 990
$80,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$45,238
Salaries, Compensation, and Employee Benefits$18,180
Other Expenses$8,677
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$45,238--$45,238
Current Officers, Directors, Trustees, and Key Employees-$18,180-$18,180
Fees for Services Accounting-$7,629-$7,629
Fees for Services Legal-$788-$788
Other Expenses-$260-$260
Total Functional Expenses$45,238$26,857$0$72,095

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$72,095
Total Expenses per Audited Statements$72,095
Total Expenses per Form 990$72,095
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jackson Municipal Separate School District--Support of City of Jackson Public School Libraries$45,238
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

“There were no meetings of a governing body.”

Form 990, Part VI, Section A, Line 8B

“There is no committee that can act on behalf of a governing body.”

Form 990, Part VI, Section B, Line 11B

“A copy of the 990 was given to the trustee to be approved before filing.”

Form 990, Part VI, Section C, Line 18

“The financial statements and tax returns of the fund are provided to individuals upon request.”

Form 990, Part VI, Section C, Line 19

“The financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lake Memorial Library Fund
EIN
64-6020755
Phone
6017908158
Address
PO BOX 23100, JACKSON, MS 39225

Signing Officer

Name
Matthew West
Title
Trust Officer
Phone
6017908153
Signed
2020-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew West
Formed
1962
Legal Domicile
Ms
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Lefoldt & Co Pa
Address
P O BOX 2848, RIDGELAND, MS 39158-2848
Preparer
Judy W Shannon CPA
Phone
6019562374
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Unrealized gain/loss 8,548.”

Raw XML Appendix337 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.

Path#Value
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE BANK AS TRUSTEE WORKS WITH THE EXECUTIVE DIRECTOR OF FINANCE FOR THE JACKSON PUBLIC SCHOOLS TO ENSURE THAT THE MONEY IS SPENT TO SUPPORT THE LIBRARIES IN THE JACKSON PUBLIC SCHOOL DISTRICT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 2:
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNREALIZED GAIN/LOSS 8,548.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE WERE NO MEETINGS OF A GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS NO COMMITTEE THAT CAN ACT ON BEHALF OF A GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE 990 WAS GIVEN TO THE TRUSTEE TO BE APPROVED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCIAL STATEMENTS AND TAX RETURNS OF THE FUND ARE PROVIDED TO INDIVIDUALS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt02154868
IRS990/TotalAssetsGrp/BOYAmt02146883
IRS990/TotalAssetsGrp/EOYAmt02154868
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026857
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt045238
IRS990/TotalFunctionalExpensesGrp/TotalAmt072095
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalOtherCompensationAmt018180
IRS990/TotalProgramServiceExpensesAmt045238
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt080080
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt080080
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUST OFFICER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-07
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ReturnHeader/FilingSecurityInformation/IPTm012:58:58
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 2848
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RIDGELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0391582848
ReturnHeader/PreparerPersonGrp/PhoneNum06019562374
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUDY W SHANNON CPA
ReturnHeader/ReturnTs02020-12-22T16:27:02-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,154,868
Liabilities
$0
Net assets
$2,154,868
Revenue
$80,080
Expenses
$72,095
Net income
$7,985
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.41$0.14$0.03$0.11
2024Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.30$0.09$0.07$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.28$0.00$2.28$0.10$0.08$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.26$0.00$2.26$0.12$0.08$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$0.00$2.21$0.14$0.08$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$0.08$0.07$0.01
2019Summary only. Only limited summary data is available for this year.$2.15$0.00$2.15$0.09$0.08$0.01
2018Summary only. Only limited summary data is available for this year.$2.14$0.00$2.14$0.09$0.03$0.07
2017Summary only. Only limited summary data is available for this year.$2.07$0.00$2.07$0.14$0.07$0.07
2016Summary only. Only limited summary data is available for this year.$2.01$0.00$2.01$0.11$0.09$0.03
2015Summary only. Only limited summary data is available for this year.$1.98$0.00$1.98$0.27$0.07$0.19
2014Summary only. Only limited summary data is available for this year.$1.79$0.00$1.79$0.10$0.06$0.04
2013Summary only. Only limited summary data is available for this year.$1.74$0.00$1.74$0.08$0.06$0.02
2012Summary only. Only limited summary data is available for this year.$1.72$0.00$1.72$0.07$0.06$0.01
2011Summary only. Only limited summary data is available for this year.$1.71$0.00$1.71$0.07$0.06$0.01