Civic Intelligence

Fayetteville Public Library Foundation

990 • Fiscal year 2019 • EIN 71-0827418

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 06, 2020

401 W MountainFayetteville, AR 72701

(479) 856-7102

Siviq Scores

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

Liabilities / Assets

31st percentile

0.06x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

39th percentile

0.14x

Higher debt load relative to revenue than 39% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

95th percentile

62%

Faster asset growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

98th percentile

383%

Faster revenue growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$12,582,694

Up $4,817,111 (+62%) from 2018

Net Assets

Up

$11,797,098

Up $4,335,079 (+58%) from 2018

Liabilities

Up

$785,596

Up $482,032 (+159%) from 2018

Revenue

Up

$5,484,558

Up $4,348,977 (+383%) from 2018

Expenses

Down

$886,136

Down $283,956 (-24%) from 2018

Net Income

Up

$4,598,422

Up $4,632,933 (+13425%) from 2018

Historical Trend

Balance Sheet Trend

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

$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

2019

Assets$12,582,694
Liabilities$785,596
Net Assets$11,797,098

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$5,484,558
Expenses$886,136
Net Income$4,598,422
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 6, 2020
Return Version
2019v5.1
Gross Receipts
$10,776,811
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 library's growing needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$6,245,298$6,766,445▲ $521,147
Cash and Non-Interest-Bearing Accounts$1,220,608$2,335,847▲ $1,115,239
Pledges and Grants Receivable$265,721$1,892,927▲ $1,627,206
Land, Buildings, and Equipment, Net$4,250$1,554,140▲ $1,549,890
Prepaid Expenses and Deferred Charges$17,387$20,883▲ $3,496
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$7,765,583$12,582,694▲ $4,817,111
Other Assets Total$12,319$12,452▲ $133
Liabilities
Accounts Payable and Accrued Expenses$271,299$779,073▲ $507,774
Deferred Revenue$32,265$6,523▼ $25,742
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$303,564$785,596▲ $482,032
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,174,060$6,178,439▲ $4,379
Net Assets Without Donor Restrictions$1,287,959$5,618,659▲ $4,330,700
Total Net Assets Fund Balance$7,462,019$11,797,098▲ $4,335,079
Total Liabilities and Net Assets / Fund Balance$7,765,583$12,582,694▲ $4,817,111

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$865,960$180,000$1,045,960
Equipment$108,010$686,928$794,938
Land$580,170-$580,170
Other Securities$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Melody TiminskyPresident
Teresa J CornettVice-president
Bo BittleBoard Member
Connie Hendrix-kralBoard Member
Grant DavisBoard Member
Hershey GarnerBoard Member
Karen HodgesBoard Member
Kim AgeeBoard Member
Mike RussellBoard Member
Carolyn Henderson AlleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,311,102
Program Service Revenue
$0
Investment Income
$1,161,723
Other Revenue
$11,733
All Other Contributions
$2,260,782
Change in Net Assets
$4,598,422

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,484,558
Revenue Not Reported on Form 990
$-263,343
Total Revenue per Audited Statements
$5,221,215
Total Revenue per Form 990
$5,484,558
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$410,450
Other Expenses$250,641
Salaries, Compensation, and Employee Benefits$204,575
Total Fundraising Expense$27,585
Professional Fundraising Fees$20,470

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$410,450--$410,450
Other Salaries and Wages-$151,886-$151,886
Fees for Services Other$0$54,054$0$54,054
Depreciation Depletion-$52,016-$52,016
Fees for Service Investment Mgmnt Fees-$45,082-$45,082
Insurance-$25,890-$25,890
Other Employee Benefits-$22,688-$22,688
Fees for Services Professional Fundraising--$20,470$20,470
Fees for Services Accounting-$19,900-$19,900
Information Technology-$17,031-$17,031
Pension Plan Contributions-$15,562-$15,562
Payroll Taxes-$14,439-$14,439
Office Expenses-$13,387-$13,387
Fees for Services Legal-$9,146-$9,146
Other Expenses-$924$7,115$0
Travel-$3,690-$3,690
All Other Expenses-$2,406-$2,406
Total Functional Expenses$410,450$448,101$27,585$886,136

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$886,136
Total Expenses per Audited Statements$886,136
Total Expenses per Form 990$886,136
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fayetteville Public LibraryFayetteville, AR501(a)Build/Maint.library$410,450
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$20,470
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
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, Section A, Line 8B

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

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

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, Section B, Line 12C

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, Section B, Line 15

Officers of the foundation are not compensated by the foundation.

Form 990, Part VI, Section C, Line 19

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
In Care Of
% STEPHEN DAVIS
Phone
4798567102
Address
401 W MOUNTAIN, FAYETTEVILLE, AR 72701

Signing Officer

Name
Karen Hodges
Title
Treasurer
Phone
4798567102
Signed
2020-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melody Timinsky
Formed
1999
Legal Domicile
Ar
Voting Board Members
10
Independent Board Members
10
Employees
4
Volunteers
17

Preparer

Firm
Bkd 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 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 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

Form 990, 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.

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Document Assets

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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