Civic Intelligence

Fayetteville Public Library Foundation

EIN 71-0827418 • 501(c)3 • Fayetteville, AR

Profile

The fayetteville public library foundation spearheads major fund-raising campaigns to bridge the gap caused by shrinking municipal budgets and the growing needs of the fayetteville public library. Working in cooperation with other library-serving organizations, we ensure that the fayetteville public library has sufficient financial resources to create a vibrant, modern library system that serves the diverse needs of everyone in our city. The fayetteville public library foundation's purpose is to accept donations from the community to fund the continued development and enhancement of quality library services provided by the fayetteville public library. The goal of the foundation is to raise funds to supplement the city of fayetteville budget and to provide for additional materials and equipment for the library. The fayetteville public library foundation is a private, nonprofit corporation committed to providing supplementary support to the fayetteville public library.

401 W MountainFayetteville, AR 72701

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

31st percentile

0.05x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.33x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

88th percentile

46%

Higher net margin than 88% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

10th percentile

-9.9%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

86th percentile

48%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Down

$22,832,661

Down $3,589,975 (-14%) from 2023

Liabilities

Down

$1,235,260

Down $5,471,050 (-82%) from 2023

Net Assets

Up

$21,597,401

Up $1,881,075 (+9.5%) from 2023

Revenue

Up

$3,730,425

Up $2,296,265 (+160%) from 2023

Expenses

Down

$2,015,206

Down $48,439 (-2.3%) from 2023

Net Income

Up

$1,715,219

Up $2,344,704 (+372%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $7,224,542Liabilities 2010: $524,623Net Assets 2010: $6,699,9192010Assets 2011: $7,891,910Liabilities 2011: $554,483Net Assets 2011: $7,337,4272011Assets 2012: $8,559,057Liabilities 2012: $456,869Net Assets 2012: $8,102,1882012Assets 2013: $9,334,892Liabilities 2013: $333,456Net Assets 2013: $9,001,4362013Assets 2014: $9,766,623Liabilities 2014: $292,849Net Assets 2014: $9,473,7742014Assets 2015: $9,403,721Liabilities 2015: $8,201Net Assets 2015: $9,395,5202015Assets 2016: $9,861,116Liabilities 2016: $48,350Net Assets 2016: $9,812,7662016Assets 2017: $8,652,183Liabilities 2017: $123,484Net Assets 2017: $8,528,6992017Assets 2018: $7,765,583Liabilities 2018: $303,564Net Assets 2018: $7,462,0192018Assets 2019: $12,582,694Liabilities 2019: $785,596Net Assets 2019: $11,797,0982019Assets 2020: $30,081,668Liabilities 2020: $11,732,180Net Assets 2020: $18,349,4882020Assets 2021: $29,555,289Liabilities 2021: $9,020,281Net Assets 2021: $20,535,0082021Assets 2022: $28,107,099Liabilities 2022: $8,132,504Net Assets 2022: $19,974,5952022Assets 2023: $26,422,636Liabilities 2023: $6,706,310Net Assets 2023: $19,716,3262023Assets 2024: $22,832,661Liabilities 2024: $1,235,260Net Assets 2024: $21,597,4012024

Highlighted filing

2024

Assets$22,832,661
Liabilities$1,235,260
Net Assets$21,597,401

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2010: $452,616Expenses 2010: $425,156Net Income 2010: $27,4602010Expenses 2011: $531,2462011Expenses 2012: $332,8112012Revenue 2013: $1,085,657Expenses 2013: $507,616Net Income 2013: $578,0412013Revenue 2014: $586,295Expenses 2014: $258,066Net Income 2014: $328,2292014Revenue 2015: $603,766Expenses 2015: $265,120Net Income 2015: $338,6462015Revenue 2016: $479,127Expenses 2016: $317,692Net Income 2016: $161,4352016Revenue 2017: $440,050Expenses 2017: $2,481,332Net Income 2017: -$2,041,2822017Revenue 2018: $1,135,581Expenses 2018: $1,170,092Net Income 2018: -$34,5112018Revenue 2019: $5,484,558Expenses 2019: $886,136Net Income 2019: $4,598,4222019Revenue 2020: $7,607,011Expenses 2020: $1,365,596Net Income 2020: $6,241,4152020Revenue 2021: $3,745,937Expenses 2021: $1,788,874Net Income 2021: $1,957,0632021Revenue 2022: $1,694,547Expenses 2022: $1,687,534Net Income 2022: $7,0132022Revenue 2023: $1,434,160Expenses 2023: $2,063,645Net Income 2023: -$629,4852023Revenue 2024: $3,730,425Expenses 2024: $2,015,206Net Income 2024: $1,715,2192024

Highlighted filing

2024

Revenue$3,730,425
Expenses$2,015,206
Net Income$1,715,219

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.8$1.24$21.6$3.73$2.02$1.72
2023Detailed filing. Detailed filing data is available for this year.$26.4$6.71$19.7$1.43$2.06$0.63
2022Detailed filing. Detailed filing data is available for this year.$28.1$8.13$20.0$1.69$1.69$0.01
2021Detailed filing. Detailed filing data is available for this year.$29.6$9.02$20.5$3.75$1.79$1.96
2020Detailed filing. Detailed filing data is available for this year.$30.1$11.7$18.3$7.61$1.37$6.24
2019Detailed filing. Detailed filing data is available for this year.$12.6$0.79$11.8$5.48$0.89$4.60
2018Detailed filing. Detailed filing data is available for this year.$7.77$0.30$7.46$1.14$1.17$0.03
2017Detailed filing. Detailed filing data is available for this year.$8.65$0.12$8.53$0.44$2.48$2.04
2016Detailed filing. Detailed filing data is available for this year.$9.86$0.05$9.81$0.48$0.32$0.16
2015Detailed filing. Detailed filing data is available for this year.$9.40$0.01$9.40$0.60$0.27$0.34
2014Detailed filing. Detailed filing data is available for this year.$9.77$0.29$9.47$0.59$0.26$0.33
2013Detailed filing. Detailed filing data is available for this year.$9.33$0.33$9.00$1.09$0.51$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.56$0.46$8.10$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.89$0.55$7.34$0.53
2010Summary only. Only limited summary data is available for this year.$7.22$0.52$6.70$0.45$0.43$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.1
Gross Receipts
$5,906,834
Mission and Program Overview

Mission

The fayetteville public library foundation spearheads major fund-raising campaigns to bridge the gap caused by shrinking municipal budgets and the growing needs of the fayetteville public library. Working in cooperation with other library-serving organizations, we ensure that the fayetteville public library has sufficient financial resources to create a vibrant, modern library system that serves the diverse needs of everyone in our city. The fayetteville public library foundation's purpose is to accept donations from the community to fund the continued development and enhancement of quality library services provided by the fayetteville public library. The goal of the foundation is to raise funds to supplement the city of fayetteville budget and to provide for additional materials and equipment for the library. The fayetteville public library foundation is a private, nonprofit corporation committed to providing supplementary support to the fayetteville public library.

The fayetteville public library foundation spearheads major fund-raising campaigns to bridge the gap caused by shrinking municipal budgets and the library's growing needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,284,099$14,417,433▼ $866,666
Investments Other Securities$5,127,318$4,515,576▼ $611,742
Cash and Non-Interest-Bearing Accounts$3,232,283$3,116,288▼ $115,995
Pledges and Grants Receivable$1,647,941$148,227▼ $1,499,714
Intangible Assets$47,545$47,545→ $0
Accounts Receivable$50,710$12,922▼ $37,788
Prepaid Expenses and Deferred Charges$0$10,627▲ $10,627
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$26,422,636$22,832,661▼ $3,589,975
Other Assets Total$1,032,740$564,043▼ $468,697
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,453,187$581,347▼ $4,871,840
Other Liabilities$385,331$533,803▲ $148,472
Deferred Revenue$581,227$108,564▼ $472,663
Accounts Payable and Accrued Expenses$286,565$11,546▼ $275,019
Total Liabilities$6,706,310$1,235,260▼ $5,471,050
Net Assets / Fund Balance
Net Assets With Donor Restrictions$14,678,205$19,013,999▲ $4,335,794
Net Assets Without Donor Restrictions$5,038,121$2,583,402▼ $2,454,719
Total Net Assets Fund Balance$19,716,326$21,597,401▲ $1,881,075
Total Liabilities and Net Assets / Fund Balance$26,422,636$22,832,661▼ $3,589,975

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,008,721$850,651$10,859,372
Equipment$3,828,542$3,854,432$7,682,974
Land$580,170-$580,170
Other Securities$156,779--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Teresa CornettPresident
Jessica AndrewsVice President after mid-year
kerri McmahonVice President through mid-year
Aaron HoltBoard Member
Casey GreeneBoard Member
Chris FrankeBoard Member
Eva TerryBoard Member
Hannah ClarkBoard Member
Hillary MorganBoard Member
Jerry PerezBoard Member
Jessica GrayBoard Member
John StoutBoard Member
Katie MilliganBoard Member
Katie TerrellBoard Member
Khalid AdmadzaiBoard Member
Matthew wolfeBoard Member
Melody TiminskyBoard Member
Mike DailyBoard Member
Tina HodneBoard Member
Stan RodgersTrustee Liaison
Rachel SullivantSecretary
Charles LeflarTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,148,796
Program Service Revenue
$0
Investment Income
$404,289
Other Revenue
$177,340
All Other Contributions
$2,869,814
Change in Net Assets
$1,715,219

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,730,425
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$176,744
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$3,907,169
Total Revenue per Form 990
$3,730,425
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,160,355
Grants and Similar Amounts Paid$633,052
Salaries, Compensation, and Employee Benefits$221,799
Total Fundraising Expense$1,602
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$865,739-$865,739
Grants to Domestic Orgs$633,052--$633,052
Other Salaries and Wages-$171,850-$171,850
Interest-$152,115-$152,115
Other Employee Benefits-$34,656-$34,656
Fees for Services Accounting-$32,000-$32,000
Fees for Services Management-$30,088-$30,088
Office Expenses-$27,574-$27,574
Information Technology-$19,818-$19,818
Pension Plan Contributions-$15,232-$15,232
Fees for Services Other$0$10,881$0$10,881
Insurance-$10,116-$10,116
Advertising-$9,355-$9,355
Occupancy-$9,000-$9,000
Travel-$6,529-$6,529
Other Expenses-$496$1,602$496
Payroll Taxes-$61-$61
All Other Expenses$0$-15,636$0$-15,636
Total Functional Expenses$633,052$1,380,552$1,602$2,015,206

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,026,094
Expenses per Audited Statements$2,015,206
Total Expenses per Form 990$2,015,206
Expenses Not Reported on Form 990$10,888
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fayetteville Public LibraryFayetteville, AR-Build/maint. Library$633,052
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,888
Fundraising Gross Income$7,925
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Reading the Greens$64,345$7,925$6,129$1,796
Event 2-$0-$0
Total Events$64,345$7,925$10,888$-2,963
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$533,803
Due to Affiliate-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Part VI, Line 15

Officers of the foundation are not compensated by the foundation.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

Organization does not have any committees that can act on behalf of the governing body.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Review of form 990 is performed by the director of accounting and human resources before the tax return is filed with the irs. In the event that position of the director of accounting and human resources is open, the tax return is reviewed by the foundation board and the executive director of fayetteville public library.

Form 990, Part VI, Line 12C Conflict of interest policy

Upon or before election, hiring or appointing, board members are required to make a full, written disclosure of interests, relationships, and holdings that could potentially result in a conflict of interest. These written disclosures are kept on file and updated as appropriate. In the course of meetings or activities, if board members disclose any interests in a transaction or decision where they, their family, employer, or close associates will receive a benefit or gain, they are asked to leave the room for the discussion and will not be permitted to vote on the decision.

Form 990, Part VI, Line 19 Required documents available to the public

Governing documents, conflict of interest policy, and financial statements are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Fayetteville Public Library Foundation
EIN
71-0827418
Phone
4798567102
Address
401 W MOUNTAIN, FAYETTEVILLE, AR 72701

Signing Officer

Name
Dr Charles Leflar
Title
Treasurer
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Formed
1999
Legal Domicile
Ar
Voting Board Members
18
Independent Board Members
18
Employees
4
Volunteers
51

Preparer

Firm
Forvis Mazars LLP
Address
PO Box 3667, Little Rock, AR 72203-3667
Preparer
Amber Sherrill
Phone
5013721040
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The foundation, while reinforcing the need for continued and increased public support for the library, serves as a catalyst for attracting private funding from individuals, businesses, organizations and foundations to enhance library services for our community. The fayetteville public library foundation is dedicated to ensuring a quality library system. Through fund raising activities, the foundation will invest in an endowment for the long-term excellence of the library. It encourages community involvement with the library program support to meet the expectations of present and future citizens of fayetteville public library. The fayetteville public library foundation enhances the fayetteville public library as a community resource by raising funds for an endowment. Our goal is to enrich, not replace, traditional tax-based support for the library through gifts, grants and bequests from individuals and organizations.

Financial Statement Notes

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part III, Line 4 Collections of art - description of collections

The foundation received 5 pieces of artwork in 2022, to be displayed at the library for public exhibitiion.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Special event expense - 10888

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Special event expense - 10888

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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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IRS990/Form990PartVIISectionAGrp/PersonNm0Charles Leflar
IRS990/Form990PartVIISectionAGrp/PersonNm1Jessica Andrews
IRS990/Form990PartVIISectionAGrp/PersonNm2kerri Mcmahon
IRS990/Form990PartVIISectionAGrp/PersonNm3Rachel Sullivant
IRS990/Form990PartVIISectionAGrp/PersonNm4Stan Rodgers
IRS990/Form990PartVIISectionAGrp/PersonNm5Teresa Cornett
IRS990/Form990PartVIISectionAGrp/PersonNm6Aaron Holt
IRS990/Form990PartVIISectionAGrp/PersonNm7Casey Greene
IRS990/Form990PartVIISectionAGrp/PersonNm8Chris Franke
IRS990/Form990PartVIISectionAGrp/PersonNm9Eva Terry
IRS990/Form990PartVIISectionAGrp/PersonNm10Hannah Clark
IRS990/Form990PartVIISectionAGrp/PersonNm11Hillary Morgan
IRS990/Form990PartVIISectionAGrp/PersonNm12Jerry Perez
IRS990/Form990PartVIISectionAGrp/PersonNm13Jessica Gray
IRS990/Form990PartVIISectionAGrp/PersonNm14John Stout
IRS990/Form990PartVIISectionAGrp/PersonNm15Katie Milligan
IRS990/Form990PartVIISectionAGrp/PersonNm16Katie Terrell
IRS990/Form990PartVIISectionAGrp/PersonNm17Khalid Admadzai
IRS990/Form990PartVIISectionAGrp/PersonNm18Matthew wolfe
IRS990/Form990PartVIISectionAGrp/PersonNm19Melody Timinsky
IRS990/Form990PartVIISectionAGrp/PersonNm20Mike Daily
IRS990/Form990PartVIISectionAGrp/PersonNm21Tina Hodne
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President after mid-year
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President through mid-year
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee Liaison
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IRS990/MissionDesc0THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION SPEARHEADS MAJOR FUND-RAISING CAMPAIGNS TO BRIDGE THE GAP CAUSED BY SHRINKING MUNICIPAL BUDGETS AND THE GROWING NEEDS OF THE FAYETTEVILLE PUBLIC LIBRARY. WORKING IN COOPERATION WITH OTHER LIBRARY-SERVING ORGANIZATIONS, WE ENSURE THAT THE FAYETTEVILLE PUBLIC LIBRARY HAS SUFFICIENT FINANCIAL RESOURCES TO CREATE A VIBRANT, MODERN LIBRARY SYSTEM THAT SERVES THE DIVERSE NEEDS OF EVERYONE IN OUR CITY. THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION'S PURPOSE IS TO ACCEPT DONATIONS FROM THE COMMUNITY TO FUND THE CONTINUED DEVELOPMENT AND ENHANCEMENT OF QUALITY LIBRARY SERVICES PROVIDED BY THE FAYETTEVILLE PUBLIC LIBRARY. THE GOAL OF THE FOUNDATION IS TO RAISE FUNDS TO SUPPLEMENT THE CITY OF FAYETTEVILLE BUDGET AND TO PROVIDE FOR ADDITIONAL MATERIALS AND EQUIPMENT FOR THE LIBRARY. THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION IS A PRIVATE, NONPROFIT CORPORATION COMMITTED TO PROVIDING SUPPLEMENTARY SUPPORT TO THE FAYETTEVILLE PUBLIC LIBRARY.
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