Civic Intelligence

Fort Smith Public Library Endowment Tr

990 • Fiscal year 2016 • EIN 71-0792812

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 21, 2017

Organization ProfileWWW.FORTSMITHLIBRARY.ORG
3201 Rogers AvenueFort Smith, AR 72903

(479) 783-0229

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

3rd percentile

-130%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

48th percentile

0.8%

Faster asset growth than 48% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-71%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$3,403,391

Up $27,684 (+0.8%) from 2015

Net Assets

Up

$3,403,391

Up $27,684 (+0.8%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin3rd percentile

Revenue

Down

$115,701

Down $287,771 (-71%) from 2015

Expenses

Down

$265,557

Down $3,798 (-1.4%) from 2015

Net Income

Down

-$149,856

Down $283,973 (-212%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,653,938Liabilities 2010: $0Net Assets 2010: $2,653,9382010Assets 2011: $2,590,592Liabilities 2011: $0Net Assets 2011: $2,590,5922011Assets 2012: $2,799,944Liabilities 2012: $0Net Assets 2012: $2,799,9442012Assets 2013: $3,201,197Liabilities 2013: $0Net Assets 2013: $3,201,1972013Assets 2014: $3,284,957Liabilities 2014: $0Net Assets 2014: $3,284,9572014Assets 2015: $3,375,707Liabilities 2015: $0Net Assets 2015: $3,375,7072015Assets 2016: $3,403,391Liabilities 2016: $0Net Assets 2016: $3,403,3912016Assets 2017: $3,622,202Liabilities 2017: $0Net Assets 2017: $3,622,2022017Assets 2018: $3,473,187Liabilities 2018: $0Net Assets 2018: $3,473,1872018Assets 2019: $3,979,128Liabilities 2019: $0Net Assets 2019: $3,979,1282019Assets 2020: $4,226,530Liabilities 2020: $0Net Assets 2020: $4,226,5302020Assets 2021: $4,244,639Liabilities 2021: $0Net Assets 2021: $4,244,6392021Assets 2022: $3,486,443Liabilities 2022: $0Net Assets 2022: $3,486,4432022Assets 2023: $4,676,543Liabilities 2023: $0Net Assets 2023: $4,676,5432023Assets 2024: $4,647,018Liabilities 2024: $0Net Assets 2024: $4,647,0182024

Highlighted filing

2016

Assets$3,403,391
Liabilities$0
Net Assets$3,403,391
Open 2016 Filing

Operations Trend

Revenue Growth3rd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $310,9652010Expenses 2011: $170,8182011Expenses 2012: $124,4092012Revenue 2013: $124,843Expenses 2013: $172,435Net Income 2013: -$47,5922013Revenue 2014: $275,183Expenses 2014: $248,701Net Income 2014: $26,4822014Revenue 2015: $403,472Expenses 2015: $269,355Net Income 2015: $134,1172015Revenue 2016: $115,701Expenses 2016: $265,557Net Income 2016: -$149,8562016Revenue 2017: $321,979Expenses 2017: $398,598Net Income 2017: -$76,6192017Revenue 2018: $319,933Expenses 2018: $188,612Net Income 2018: $131,3212018Revenue 2019: $191,323Expenses 2019: $167,288Net Income 2019: $24,0352019Revenue 2020: $581,699Expenses 2020: $291,349Net Income 2020: $290,3502020Revenue 2021: $411,248Expenses 2021: $494,287Net Income 2021: -$83,0392021Revenue 2022: $49,351Expenses 2022: $282,700Net Income 2022: -$233,3492022Revenue 2023: $1,412,294Expenses 2023: $470,851Net Income 2023: $941,4432023Revenue 2024: $544,953Expenses 2024: $679,781Net Income 2024: -$134,8282024

Highlighted filing

2016

Revenue$115,701
Expenses$265,557
Net Income-$149,856
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 21, 2017
Return Version
2016v3.0
Gross Receipts
$497,140
Mission and Program Overview

Mission

Funding of library projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,295,165$3,298,207▲ $3,042
Cash and Non-Interest-Bearing Accounts$80,542$105,184▲ $24,642
Total Assets$3,375,707$3,403,391▲ $27,684
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,829,308$2,894,253▲ $64,945
Temporarily Rstr Net Assets$546,399$509,138▼ $37,261
Total Net Assets Fund Balance$3,375,707$3,403,391▲ $27,684
Total Liabilities and Net Assets / Fund Balance$3,375,707$3,403,391▲ $27,684
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Ben ShipleyPresident
Amy SkypalaTrustee
Robert D KellyTrustee
Kevin LacewellSecretary
Anita PaddockTreasurer
Joshua KeiferVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$64,945
Program Service Revenue
$0
Investment Income
$50,756
Other Revenue
$0
All Other Contributions
$64,945
Change in Net Assets
$-149,856

Audited Revenue Reconciliation

Revenue per Audited Statements
$115,701
Revenue Not Reported on Form 990
$177,540
Total Revenue per Audited Statements
$293,241
Total Revenue per Form 990
$115,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$248,713
Grants and Similar Amounts Paid$16,844
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$144,957--$144,957
Fees for Services Management$89,923--$89,923
Grants to Domestic Orgs$16,844--$16,844
Fees for Service Investment Mgmnt Fees$13,833--$13,833
Total Functional Expenses$265,557$0$0$265,557

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$265,557
Total Expenses per Audited Statements$265,557
Total Expenses per Form 990$265,557
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fort Smith Public LibraryFort Smith, AR3Cover Operat Loss$16,844
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, Page 6, Part VI, Line 11B

“The board of trustees is provided with a copy of the form 990 for review.”

Form 990, Page 6, Part VI, Line 12C

“When individuals are suggested to fill a position on the board, they are a sked if they have a potential conflict of interest.”

Form 990, Page 6, Part VI, Line 19

“The endowment trust has their form 990 at their office for the public to see at their request.”

Filing and Contact Details

Filer

Filer Name
Fort Smith Public Library
EIN
71-0792812
Phone
4797830229
Address
3201 ROGERS AVENUE, FORT SMITH, AR 72903

Signing Officer

Name
Cindy Long
Title
Endowment Director
Phone
4797830229
Signed
2017-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Shipley
Formed
1995
Legal Domicile
Ar
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Przybysz & Associates Cpas Pc
Address
4200 JENNY LIND RD STE B, FORT SMITH, AR 72901
Preparer
Marc Lux CPA
Phone
4796490888
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Generally accepted accounting principles require tax effects from an uncertain tax position to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. If an uncertain tax position meets the more-likely-than-not threshold, the largest amount of tax benefit that is greater than 50% likely to be recognized upon ultimate settlement with the taxing authority is recorded. The trust's primary tax positions relate to its status as a not-for-profit entity exempt from income taxes and classification of activities related to its exempt purpose. Management has evaluated the tax positions reflected in the trust's tax filings and does not believe that any material uncertain tax positions exist. The trust's tax returns are subject to possible examination by the taxing authorities. For federal income tax purposes, the trust's tax years 2015, 2014 and 2013 are subject to examination by the internal revenue service.”

Raw XML Appendix322 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. IF AN UNCERTAIN TAX POSITION MEETS THE MORE-LIKELY-THAN-NOT THRESHOLD, THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY TO BE RECOGNIZED UPON ULTIMATE SETTLEMENT WITH THE TAXING AUTHORITY IS RECORDED. THE TRUST'S PRIMARY TAX POSITIONS RELATE TO ITS STATUS AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES AND CLASSIFICATION OF ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT HAS EVALUATED THE TAX POSITIONS REFLECTED IN THE TRUST'S TAX FILINGS AND DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS EXIST. THE TRUST'S TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES. FOR FEDERAL INCOME TAX PURPOSES, THE TRUST'S TAX YEARS 2015, 2014 AND 2013 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES IS PROVIDED WITH A COPY OF THE FORM 990 FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WHEN INDIVIDUALS ARE SUGGESTED TO FILL A POSITION ON THE BOARD, THEY ARE A SKED IF THEY HAVE A POTENTIAL CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ENDOWMENT TRUST HAS THEIR FORM 990 AT THEIR OFFICE FOR THE PUBLIC TO SEE AT THEIR REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/PersonNm0CINDY LONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ENDOWMENT DIRECTOR
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRZYBYSZ & ASSOCIATES CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04200 JENNY LIND RD STE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT SMITH
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ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARC LUX CPA
ReturnHeader/ReturnTs02017-04-21T14:57:13+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,403,391
Liabilities
$0
Net assets
$3,403,391
Revenue
$115,701
Expenses
$265,557
Net income
-$149,856
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.65$0.00$4.65$0.54$0.68$0.13
2023Detailed filing. Detailed filing data is available for this year.$4.68$0.00$4.68$1.41$0.47$0.94
2022Detailed filing. Detailed filing data is available for this year.$3.49$0.00$3.49$0.05$0.28$0.23
2021Detailed filing. Detailed filing data is available for this year.$4.24$0.00$4.24$0.41$0.49$0.08
2020Detailed filing. Detailed filing data is available for this year.$4.23$0.00$4.23$0.58$0.29$0.29
2019Detailed filing. Detailed filing data is available for this year.$3.98$0.00$3.98$0.19$0.17$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.47$0.00$3.47$0.32$0.19$0.13
2017Detailed filing. Detailed filing data is available for this year.$3.62$0.00$3.62$0.32$0.40$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.40$0.00$3.40$0.12$0.27$0.15
2015Detailed filing. Detailed filing data is available for this year.$3.38$0.00$3.38$0.40$0.27$0.13
2014Detailed filing. Detailed filing data is available for this year.$3.28$0.00$3.28$0.28$0.25$0.03
2013Detailed filing. Detailed filing data is available for this year.$3.20$0.00$3.20$0.12$0.17$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.80$0.00$2.80$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$0.00$2.59$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.00$2.65$0.31