Civic Intelligence

Fort Smith Public Library Endowment Tr

990 • Fiscal year 2020 • EIN 71-0792812

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 26, 2021

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

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

90th percentile

50%

Higher net margin than 90% of similar nonprofits.

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

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

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

Asset Growth

51st percentile

6.2%

Faster asset growth than 51% of similar nonprofits.

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

Revenue Growth

96th percentile

204%

Faster revenue growth than 96% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$4,226,530

Up $247,402 (+6.2%) from 2019

Net Assets

Up

$4,226,530

Up $247,402 (+6.2%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin90th percentile

Revenue

Up

$581,699

Up $390,376 (+204%) from 2019

Expenses

Up

$291,349

Up $124,061 (+74%) from 2019

Net Income

Up

$290,350

Up $266,315 (+1108%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2020

Assets$4,226,530
Liabilities$0
Net Assets$4,226,530
Open 2020 Filing

Operations Trend

Revenue Growth96th 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

2020

Revenue$581,699
Expenses$291,349
Net Income$290,350
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 26, 2021
Return Version
2020v4.0
Gross Receipts
$1,392,611
Mission and Program Overview

Mission

Funding of library projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,708,149$4,073,169▲ $365,020
Other Notes and Loans Receivable, Net$100,000$100,000→ $0
Cash and Non-Interest-Bearing Accounts$170,979$53,361▼ $117,618
Total Assets$3,979,128$4,226,530▲ $247,402
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,979,128$4,226,530▲ $247,402
Total Net Assets Fund Balance$3,979,128$4,226,530▲ $247,402
Total Liabilities and Net Assets / Fund Balance$3,979,128$4,226,530▲ $247,402
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Jeremy WannPresident
Amy SkypalaTrustee
Christopher HooksTrustee
Shirley HartwigTrustee
Sara DavisSecretary
Pamela RobertsTreasurer
Andy SmithVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$60,976
Program Service Revenue
$0
Investment Income
$520,723
Other Revenue
$0
All Other Contributions
$60,976
Change in Net Assets
$290,350

Audited Revenue Reconciliation

Revenue per Audited Statements
$564,734
Revenue Not Reported on Financial Statements
$16,965
Revenue Not Reported on Form 990
$-42,948
Total Revenue per Audited Statements
$521,786
Total Revenue per Form 990
$581,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$225,244
Grants and Similar Amounts Paid$66,105
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$98,415--$98,415
Grants to Domestic Orgs$66,105--$66,105
Fees for Service Investment Mgmnt Fees$16,965--$16,965
Office Expenses$1,581--$1,581
Other Expenses$698--$698
All Other Expenses$315--$315
Total Functional Expenses$291,349$0$0$291,349

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$291,349
Expenses per Audited Statements$274,384
Total Expenses per Audited Statements$274,384
Expenses Not Reported on Financial Statements$16,965
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fort Smith Public LibraryFort Smith, AR3Fund Projects$66,105
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
Audit committee
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
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. The board will vote for acceptance of the audit and form 990 at a regular board meeting.”

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
2021-08-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy Wann
Formed
1995
Legal Domicile
Ar
Voting Board Members
7
Independent Board Members
7
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. The trust has analyzed its tax positions taken for filings with the internal revenue service. It believes that its filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on its financial condition, results of operations, or cash flows.”

Raw XML Appendix350 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. THE TRUST HAS ANALYZED ITS TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE. IT BELIEVES THAT ITS FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON ITS FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES IS PROVIDED WITH A COPY OF THE FORM 990 FOR REVIEW. THE BOARD WILL VOTE FOR ACCEPTANCE OF THE AUDIT AND FORM 990 AT A REGULAR BOARD MEETING.
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/PersonTitleTxt0ENDOWMENT DIRECTOR
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ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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
$4,226,530
Liabilities
$0
Net assets
$4,226,530
Revenue
$581,699
Expenses
$291,349
Net income
$290,350
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