Civic Intelligence

Library Endowment Trust

EIN 73-6227587 • 501(c)3 • Oklahoma City, OK

Profile

The Library Endowment Trust (LET) raises money to aid the Metropolitan Library System (MLS). The money raised is used to make grants to the MLS each year and to increase the LET assets. Money is raised primarily by an annual campaign and by an annual author dinner event.

300 Park AveOklahoma City, OK 73102-3600

supportmls.org/let

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

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

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

10th percentile

0.00x

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

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

96th percentile

83%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2025

Revenue Growth

82nd percentile

38%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$8,413,560

Up $1,174,173 (+16%) from 2024

Liabilities

Down

$0

Down $3,080 (-100%) from 2024

Net Assets

Up

$8,413,560

Up $1,177,253 (+16%) from 2024

Operations
Liabilities / Revenue10th percentileNet Margin96th percentile

Revenue

Up

$1,424,127

Up $496,972 (+54%) from 2024

Expenses

Up

$246,874

Up $44,444 (+22%) from 2024

Net Income

Up

$1,177,253

Up $452,528 (+62%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

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

$10M$5.0M$0Assets 2012: $1,781,879Liabilities 2012: $0Net Assets 2012: $1,781,8792012Assets 2013: $2,703,623Liabilities 2013: $0Net Assets 2013: $2,703,6232013Assets 2014: $4,353,540Liabilities 2014: $3,750Net Assets 2014: $4,349,7902014Assets 2015: $4,507,264Liabilities 2015: $0Net Assets 2015: $4,507,2642015Assets 2016: $4,738,760Liabilities 2016: $2,132Net Assets 2016: $4,736,6282016Assets 2017: $5,287,976Liabilities 2017: $4,979Net Assets 2017: $5,282,9972017Assets 2018: $5,882,342Liabilities 2018: $7,813Net Assets 2018: $5,874,5292018Assets 2019: $6,169,034Liabilities 2019: $806Net Assets 2019: $6,168,2282019Assets 2020: $6,469,236Liabilities 2020: $6,248Net Assets 2020: $6,462,9882020Assets 2021: $7,109,660Liabilities 2021: $9,675Net Assets 2021: $7,099,9852021Assets 2022: $5,986,255Liabilities 2022: $1,526Net Assets 2022: $5,984,7292022Assets 2023: $6,516,698Liabilities 2023: $22,339Net Assets 2023: $6,494,3592023Assets 2024: $7,239,387Liabilities 2024: $3,080Net Assets 2024: $7,236,3072024Assets 2025: $8,413,560Liabilities 2025: $0Net Assets 2025: $8,413,5602025

Highlighted filing

2025

Assets$8,413,560
Liabilities$0
Net Assets$8,413,560
Open 2025 Filing

Operations Trend

Revenue Growth82nd percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2012: $108,849Expenses 2012: $50,294Net Income 2012: $58,5552012Revenue 2013: $945,804Expenses 2013: $24,060Net Income 2013: $921,7442013Revenue 2014: $1,688,621Expenses 2014: $42,453Net Income 2014: $1,646,1682014Revenue 2015: $353,310Expenses 2015: $195,836Net Income 2015: $157,4742015Revenue 2016: $278,635Expenses 2016: $49,273Net Income 2016: $229,3622016Revenue 2017: $613,878Expenses 2017: $67,509Net Income 2017: $546,3692017Revenue 2018: $750,511Expenses 2018: $158,981Net Income 2018: $591,5302018Revenue 2019: $401,444Expenses 2019: $107,745Net Income 2019: $293,6992019Revenue 2020: $316,453Expenses 2020: $46,694Net Income 2020: $269,7592020Revenue 2021: $1,689,197Expenses 2021: $1,052,200Net Income 2021: $636,9972021Revenue 2022: $504,874Expenses 2022: $1,616,905Net Income 2022: -$1,112,0312022Revenue 2023: $747,862Expenses 2023: $246,007Net Income 2023: $501,8552023Revenue 2024: $927,155Expenses 2024: $202,430Net Income 2024: $724,7252024Revenue 2025: $1,424,127Expenses 2025: $246,874Net Income 2025: $1,177,2532025

Highlighted filing

2025

Revenue$1,424,127
Expenses$246,874
Net Income$1,177,253
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,413,560
Liabilities
$0
Net assets
$8,413,560
Revenue
$1,424,127
Expenses
$246,874
Net income
$1,177,253
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.41$0.00$8.41$1.42$0.25$1.18
2024Detailed filing. Detailed filing data is available for this year.$7.24$0.00$7.24$0.93$0.20$0.72
2023Detailed filing. Detailed filing data is available for this year.$6.52$0.02$6.49$0.75$0.25$0.50
2022Detailed filing. Detailed filing data is available for this year.$5.99$0.00$5.98$0.50$1.62$1.11
2021Detailed filing. Detailed filing data is available for this year.$7.11$0.01$7.10$1.69$1.05$0.64
2020Detailed filing. Detailed filing data is available for this year.$6.47$0.01$6.46$0.32$0.05$0.27
2019Detailed filing. Detailed filing data is available for this year.$6.17$0.00$6.17$0.40$0.11$0.29
2018Detailed filing. Detailed filing data is available for this year.$5.88$0.01$5.87$0.75$0.16$0.59
2017Summary only. Only limited summary data is available for this year.$5.29$0.00$5.28$0.61$0.07$0.55
2016Summary only. Only limited summary data is available for this year.$4.74$0.00$4.74$0.28$0.05$0.23
2015Summary only. Only limited summary data is available for this year.$4.51$0.00$4.51$0.35$0.20$0.16
2014Summary only. Only limited summary data is available for this year.$4.35$0.00$4.35$1.69$0.04$1.65
2013Summary only. Only limited summary data is available for this year.$2.70$0.00$2.70$0.95$0.02$0.92
2012Summary only. Only limited summary data is available for this year.$1.78$0.00$1.78$0.11$0.05$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 15, 2025
Return Version
2024v5.1
Gross Receipts
$1,498,631
Mission and Program Overview

Mission

The Library Endowment Trust (LET) raises money to aid the Metropolitan Library System (MLS). The money raised is used to make grants to the MLS each year and to increase the LET assets. Money is raised primarily by an annual campaign and by an annual author dinner event.

The endowment trust was established to give people a way to make charitable gifts to the library and to raise funds to enhance our libraries and help to meet future library needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,206,555$8,241,429▲ $2,034,874
Cash and Non-Interest-Bearing Accounts$783,426$172,131▼ $611,295
Accounts Receivable$32,802$0▼ $32,802
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$7,239,387$8,413,560▲ $1,174,173
Other Assets Total$216,604$0▼ $216,604
Liabilities
Accounts Payable and Accrued Expenses$3,080$0▼ $3,080
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
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,080$0▼ $3,080
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,197,215$5,374,469▲ $177,254
Net Assets With Donor Restrictions$2,039,092$3,039,091▲ $999,999
Total Net Assets Fund Balance$7,236,307$8,413,560▲ $1,177,253
Total Liabilities and Net Assets / Fund Balance$7,239,387$8,413,560▲ $1,174,173

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$7,236,307$500,000▲ $659,773$0$8,241,429
2023$6,494,359$262,426▲ $681,952$0$7,236,307
2022$5,984,729$183,263▲ $572,374$0$6,494,359
2021$7,109,660$102,220▼ $1,135,864$0$5,984,729
2020$6,269,236$138,769▲ $1,553,855$0$7,109,660
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Meredith WegenerPresident
Amanda CornmesserTrustee
Clayton DudeTrustee
Cole McLanahanTrustee
Emma WilsonTrustee
Erin CowanTrustee
Ilana KeelingTrustee
Lydia GreenTrustee
Marek CornettTrustee
Marni RussellTrustee
Rose RoyalTrustee
Ruseal BrewerTrustee
Samantha HardyTrustee
Sara Suthers RegierTrustee
Sarah TaylorTrustee
Susan HarrozTrustee
Nick TricinellaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$619,988
Program Service Revenue
$0
Investment Income
$688,098
Other Revenue
$116,041
All Other Contributions
$619,988
Change in Net Assets
$1,177,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$148,549
Other Expenses$98,325
Total Fundraising Expense$26,944
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$148,549--$148,549
Fees for Service Investment Mgmnt Fees$0$25,481$0$25,481
Advertising$5,700$5,701$5,700$17,101
Fees for Services Management$0$8,258$5,257$16,515
Fees for Services Accounting$0$16,802$0$16,082
Office Expenses$6,353$638$3,057$10,048
Fees for Services Legal$0$168$0$168
Total Functional Expenses$160,602$57,048$26,944$246,874
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Metropolitan Library SystemOklahoma City, OK-Support the metropolitan library system$148,550
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$190,545
Fundraising Direct Expenses$74,504
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Literary Voices$190,546$190,546$5,986$184,560
Event 2$0$0$0$0
Total Events$190,546$190,546$74,504$116,042
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
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

Part VI, Line 11A

“The draft irs990 return is provided to the treasurer for review prior to submission. The form 990 is provided to the entire board at their request.”

Part VI, Line 12C

“Each trustee signs a conflict of interest agreement annually. It is enforced thru familarity with and knowledge of the trustees and their families as well as the honor system for those serving as trustees.”

Filing and Contact Details

Filer

Filer Name
Library Endowment Trust
EIN
73-6227587
Phone
4052082160
Address
300 PARK AVE, Oklahoma City, OK 73102-3600

Signing Officer

Name
Heather Zeoli
Title
Business Officer
Phone
4056063761
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
Ok
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
27

Preparer

Firm
Oklahoma Nonprofit Partners
Address
6608 N WESTERN AVE 253, Oklahoma City, OK 73116
Preparer
Jennifer Winfrey
Raw XML AppendixShowing 400 of 823 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.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE ENDOWMENT TRUST WAS ESTABLISHED TO GIVE PEOPLE A WAY TO MAKE CHARITABLE GIFTS TO THE LIBRARY AND TO RAISE FUNDS TO ENHANCE OUR LIBRARIES AND HELP TO MEET FUTURE LIBRARY NEEDS.
IRS990/AdvertisingGrp/FundraisingAmt05700
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IRS990/BooksInCareOfDetail/USAddress/CityNm0Oklahoma City
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OK
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0731023600
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IRS990/ConservationEasementsInd0false
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IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0619988
IRS990/CYGrantsAndSimilarPaidAmt0148549
IRS990/CYInvestmentIncomeAmt0688098
IRS990/CYOtherExpensesAmt098325
IRS990/CYOtherRevenueAmt0116041
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01177253
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0246874
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01424127
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
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IRS990/ExpenseAmt0160602
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IRS990/Form990PartVIISectionAGrp/PersonNm0Ruseal Brewer
IRS990/Form990PartVIISectionAGrp/PersonNm1Marek Cornett
IRS990/Form990PartVIISectionAGrp/PersonNm2Amanda Cornmesser
IRS990/Form990PartVIISectionAGrp/PersonNm3Erin Cowan
IRS990/Form990PartVIISectionAGrp/PersonNm4Clayton Dude
IRS990/Form990PartVIISectionAGrp/PersonNm5Lydia Green
IRS990/Form990PartVIISectionAGrp/PersonNm6Samantha Hardy
IRS990/Form990PartVIISectionAGrp/PersonNm7Susan Harroz
IRS990/Form990PartVIISectionAGrp/PersonNm8Ilana Keeling
IRS990/Form990PartVIISectionAGrp/PersonNm9Cole McLanahan
IRS990/Form990PartVIISectionAGrp/PersonNm10Rose Royal
IRS990/Form990PartVIISectionAGrp/PersonNm11Marni Russell
IRS990/Form990PartVIISectionAGrp/PersonNm12Sara Suthers Regier
IRS990/Form990PartVIISectionAGrp/PersonNm13Sarah Taylor
IRS990/Form990PartVIISectionAGrp/PersonNm14Nick Tricinella
IRS990/Form990PartVIISectionAGrp/PersonNm15Meredith Wegener
IRS990/Form990PartVIISectionAGrp/PersonNm16Emma Wilson
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt15President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
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IRS990/MissionDesc0THE LIBRARY ENDOWMENT TRUST LET RAISES MONEY TO AID THE METROPOLITAN LIBRARY SYSTEM MLS. THE MONEY RAISED IS USED TO MAKE GRANTS TO THE MLS EACH YEAR AND TO INCREASE THE LET ASSETS. MONEY IS RAISED PRIMARILY BY AN ANNUAL CAMPAIGN AND BY AN ANNUAL AUTHOR DINNER EVENT.
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