Civic Intelligence

New Orleans Public Library Foundation

990 • Fiscal year 2016 • EIN 72-1179236

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

938 Lafayette Street Suite 324New Orleans, LA 70113

(504) 620-2640

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

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

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

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

Net Margin

91st percentile

44%

Higher net margin than 91% 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

81st percentile

19%

Faster asset growth than 81% of similar nonprofits.

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

Revenue Growth

92nd percentile

78%

Faster revenue growth than 92% of similar nonprofits.

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

Assets

Up

$1,759,651

Up $283,437 (+19%) from 2015

Net Assets

Up

$1,759,023

Up $284,410 (+19%) from 2015

Liabilities

Down

$628

Down $973 (-61%) from 2015

Revenue

Up

$653,692

Up $286,161 (+78%) from 2015

Expenses

Down

$369,282

Down $386,807 (-51%) from 2015

Net Income

Up

$284,410

Up $672,968 (+173%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,400,315Liabilities 2010: $104,839Net Assets 2010: $4,295,4762010Assets 2011: $3,555,453Liabilities 2011: $120,328Net Assets 2011: $3,435,1252011Assets 2012: $2,952,654Liabilities 2012: $64,560Net Assets 2012: $2,888,0942012Assets 2013: $2,900,238Liabilities 2013: $0Net Assets 2013: $2,900,2382013Assets 2014: $2,242,768Liabilities 2014: $13,185Net Assets 2014: $2,229,5832014Assets 2015: $1,476,214Liabilities 2015: $1,601Net Assets 2015: $1,474,6132015Assets 2016: $1,759,651Liabilities 2016: $628Net Assets 2016: $1,759,0232016Assets 2017: $1,739,873Liabilities 2017: $9,894Net Assets 2017: $1,729,9792017Assets 2018: $1,563,445Liabilities 2018: $2,218Net Assets 2018: $1,561,2272018Assets 2019: $1,638,720Liabilities 2019: $0Net Assets 2019: $1,638,7202019Assets 2020: $1,710,915Liabilities 2020: $0Net Assets 2020: $1,710,9152020Assets 2021: $1,674,695Liabilities 2021: $3,591Net Assets 2021: $1,671,1042021Assets 2022: $1,369,770Liabilities 2022: $4,442Net Assets 2022: $1,365,3282022Assets 2023: $1,322,966Liabilities 2023: $2,975Net Assets 2023: $1,319,9912023Assets 2024: $1,313,272Liabilities 2024: $0Net Assets 2024: $1,313,2722024

Highlighted filing

2016

Assets$1,759,651
Liabilities$628
Net Assets$1,759,023

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $634,413Expenses 2010: $946,216Net Income 2010: -$311,8032010Expenses 2011: $1,124,7992011Expenses 2012: $1,375,1472012Revenue 2013: $532,302Expenses 2013: $884,295Net Income 2013: -$351,9932013Revenue 2014: $532,080Expenses 2014: $605,672Net Income 2014: -$73,5922014Revenue 2015: $367,531Expenses 2015: $756,089Net Income 2015: -$388,5582015Revenue 2016: $653,692Expenses 2016: $369,282Net Income 2016: $284,4102016Revenue 2017: $84,488Expenses 2017: $143,658Net Income 2017: -$59,1702017Revenue 2018: $115,092Expenses 2018: $96,467Net Income 2018: $18,6252018Revenue 2019: $37,157Expenses 2019: $197,028Net Income 2019: -$159,8712019Revenue 2020: $82,466Expenses 2020: $104,530Net Income 2020: -$22,0642020Revenue 2021: $139,599Expenses 2021: $142,329Net Income 2021: -$2,7302021Revenue 2022: $121,281Expenses 2022: $89,251Net Income 2022: $32,0302022Revenue 2023: -$18,094Expenses 2023: $141,170Net Income 2023: -$159,2642023Revenue 2024: $58,980Expenses 2024: $93,605Net Income 2024: -$34,6252024

Highlighted filing

2016

Revenue$653,692
Expenses$369,282
Net Income$284,410
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$653,692
Mission and Program Overview

Mission

Support of the city of new orleans library system and city wide literacy efforts through partner organizations, community organizations and initiatives including fundraising and expending funds to supplement library operations and those of other literacy and community organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,243,766$1,305,028▲ $61,262
Pledges and Grants Receivable-$386,400-
Cash and Non-Interest-Bearing Accounts$230,571$68,076▼ $162,495
Land, Buildings, and Equipment, Net$1,877$147▼ $1,730
Total Assets$1,476,214$1,759,651▲ $283,437
Liabilities
Accounts Payable and Accrued Expenses$1,601$628▼ $973
Total Liabilities$1,601$628▼ $973
Net Assets / Fund Balance
Unrestricted Net Assets$1,474,613$1,759,023▲ $284,410
Total Net Assets Fund Balance$1,474,613$1,759,023▲ $284,410
Total Liabilities and Net Assets / Fund Balance$1,476,214$1,759,651▲ $283,437

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$10,207$10,207
Other Land Buildings$147$3,594$3,741
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bob BrownPresident
Barbara WaitersBoard Member
Cleveland SpearsBoard Member
Darlene KattanBoard Member
Jennifer Oliver GoodwinBoard Member
Suzan KrantzBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$533,896
Program Service Revenue
$7,221
Investment Income
$112,575
Other Revenue
$0
All Other Contributions
$533,896
Change in Net Assets
$284,410
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$152,253
Other Expenses$116,240
Salaries, Compensation, and Employee Benefits$100,789
Total Fundraising Expense$1,431
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$152,253--$152,253
Other Salaries and Wages$42,779$42,779-$85,558
Other Employee Benefits$7,616$7,615-$15,231
Occupancy-$12,445-$12,445
Insurance-$6,756-$6,756
Advertising$2,088$2,087-$4,175
Office Expenses-$2,136-$2,136
Other Expenses-$1,800$1,431$1,800
Depreciation Depletion-$1,730-$1,730
All Other Expenses-$884-$884
Conferences and Meetings-$101-$101
Total Functional Expenses$204,736$163,115$1,431$369,282
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New Orleans Public LibraryNew Orleans, LA-Program Support$127,253
Ymca of Greater New OrleansNew Orleans, LA501(c)Program Support$25,000
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The foundation is organized on a non-stock basis, there is one class of membership, restricted to a maximim of 15 members. Each member of the foundation serves on the board of directors, which manages the business affairs of the foundation.

Form 990, Page 6, Part VI, Line 7A

An annual meeting of directors is held in june of each year for the purpose of electing officers and members representing the new orleans community and for the transactions of such other businessas may properly be brought before the meeting, the officers of the foundation shall be chosen by the directors and shall be a president, vice-president, secretary and a treasure. No officer shall hold more than one office at one time and officers may serve consecutive terms in the same office. The board of directors may appoint such other officers and agents as it shall deem necessary.

Form 990, Page 6, Part VI, Line 7B

A majority of the board shall be necessary to constitute a quorum for the transaction of business, an except as otherwise provided by law. The acts of a majority of the directors present at a meeting at which a quorum present shall be the acts of the board of directors if a quorum present when the meeting is convened. The directors present may continue to do business.

Form 990, Page 6, Part VI, Line 11B

The 990 is completed annually and copies are provided to the board of directors as well as the president/ceo of the organization. The president/ceo reviews the 990 with the board of directors making any changes needed before filing.

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

All board members are required to disclose any and all possible conflicts of interest.

Form 990, Page 6, Part VI, Line 15A

Board reviews and approvals all compensation.

Form 990, Page 6, Part VI, Line 15B

Board reviews and approvals all compensation.

Form 990, Page 6, Part VI, Line 19

B

Filing and Contact Details

Filer

Filer Name
New Orleans Public Library
EIN
72-1179236
Phone
5046202640
Address
938 LAFAYETTE STREET SUITE 324, NEW ORLEANS, LA 70113

Signing Officer

Name
Barbara Waiters
Title
Board Member
Phone
5045962615
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Waiters
Formed
1990
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Bruno & Tervalon Llp Cpas
Address
4298 ELYSIAN FIELDS AVE, NEW ORLEANS, LA 70122
Preparer
Waldo J Moret Jr
Phone
5042848733
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Support of the city of new orleans library system and city wide literacy efforts through partner organizations, community organizations and initiatives including fundraising and expending funds to supplement library operations and those of other literacy and community organizations.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS ORGANIZED ON A NON-STOCK BASIS, THERE IS ONE CLASS OF MEMBERSHIP, RESTRICTED TO A MAXIMIM OF 15 MEMBERS. EACH MEMBER OF THE FOUNDATION SERVES ON THE BOARD OF DIRECTORS, WHICH MANAGES THE BUSINESS AFFAIRS OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN ANNUAL MEETING OF DIRECTORS IS HELD IN JUNE OF EACH YEAR FOR THE PURPOSE OF ELECTING OFFICERS AND MEMBERS REPRESENTING THE NEW ORLEANS COMMUNITY AND FOR THE TRANSACTIONS OF SUCH OTHER BUSINESSAS MAY PROPERLY BE BROUGHT BEFORE THE MEETING, THE OFFICERS OF THE FOUNDATION SHALL BE CHOSEN BY THE DIRECTORS AND SHALL BE A PRESIDENT, VICE-PRESIDENT, SECRETARY AND A TREASURE. NO OFFICER SHALL HOLD MORE THAN ONE OFFICE AT ONE TIME AND OFFICERS MAY SERVE CONSECUTIVE TERMS IN THE SAME OFFICE. THE BOARD OF DIRECTORS MAY APPOINT SUCH OTHER OFFICERS AND AGENTS AS IT SHALL DEEM NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A MAJORITY OF THE BOARD SHALL BE NECESSARY TO CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS, AN EXCEPT AS OTHERWISE PROVIDED BY LAW. THE ACTS OF A MAJORITY OF THE DIRECTORS PRESENT AT A MEETING AT WHICH A QUORUM PRESENT SHALL BE THE ACTS OF THE BOARD OF DIRECTORS IF A QUORUM PRESENT WHEN THE MEETING IS CONVENED. THE DIRECTORS PRESENT MAY CONTINUE TO DO BUSINESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 IS COMPLETED ANNUALLY AND COPIES ARE PROVIDED TO THE BOARD OF DIRECTORS AS WELL AS THE PRESIDENT/CEO OF THE ORGANIZATION. THE PRESIDENT/CEO REVIEWS THE 990 WITH THE BOARD OF DIRECTORS MAKING ANY CHANGES NEEDED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY AND ALL POSSIBLE CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD REVIEWS AND APPROVALS ALL COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOARD REVIEWS AND APPROVALS ALL COMPENSATION.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BusinessOfficerGrp/PersonNm0BARBARA WAITERS
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ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
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ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WALDO J MORET JR
ReturnHeader/ReturnTs02017-11-15T15:56:11-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.00$1.31$0.06$0.09$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$0.02$0.14$0.16
2022Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$0.12$0.09$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$0.14$0.14$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$0.08$0.10$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.04$0.20$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$0.12$0.10$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.74$0.01$1.73$0.08$0.14$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$0.65$0.37$0.28
2015Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.47$0.37$0.76$0.39
2014Detailed filing. Detailed filing data is available for this year.$2.24$0.01$2.23$0.53$0.61$0.07
2013Detailed filing. Detailed filing data is available for this year.$2.90$0.00$2.90$0.53$0.88$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$0.06$2.89$1.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.56$0.12$3.44$1.12
2010Summary only. Only limited summary data is available for this year.$4.40$0.10$4.30$0.63$0.95$0.31