Civic Intelligence

Library Endowment Trust

990 • Fiscal year 2021 • EIN 73-6227587

Jul 01, 2020 to Jun 30, 2021 • Filed on May 12, 2022

Organization Profilesupportmls.org/let
300 Park AvenueOklahoma City, OK 73102

(405) 606-3760

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

12th percentile

0.01x

Higher debt load relative to revenue than 12% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

80th percentile

38%

Higher net margin than 80% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

51st percentile

9.9%

Faster asset growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

434%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$7,109,660

Up $640,424 (+9.9%) from 2020

Net Assets

Up

$7,099,985

Up $636,997 (+9.9%) from 2020

Liabilities

Up

$9,675

Up $3,427 (+55%) from 2020

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin80th percentile

Revenue

Up

$1,689,197

Up $1,372,744 (+434%) from 2020

Expenses

Up

$1,052,200

Up $1,005,506 (+2153%) from 2020

Net Income

Up

$636,997

Up $367,238 (+136%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$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

2021

Assets$7,109,660
Liabilities$9,675
Net Assets$7,099,985
Open 2021 Filing

Operations Trend

Revenue Growth97th percentile

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

2021

Revenue$1,689,197
Expenses$1,052,200
Net Income$636,997
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.1
Gross Receipts
$1,689,197
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$4,929,503$6,203,045▲ $1,273,542
Cash and Non-Interest-Bearing Accounts$1,321,096$645,574▼ $675,522
Accounts Receivable$19,291$19,845▲ $554
Prepaid Expenses and Deferred Charges$10,000$10,000→ $0
Total Assets$6,469,236$7,109,660▲ $640,424
Other Assets Total$189,346$231,196▲ $41,850
Liabilities
Accounts Payable and Accrued Expenses$6,248$9,675▲ $3,427
Total Liabilities$6,248$9,675▲ $3,427
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,762,751$4,934,833▲ $1,172,082
Net Assets With Donor Restrictions$2,700,237$2,165,152▼ $535,085
Total Net Assets Fund Balance$6,462,988$7,099,985▲ $636,997
Total Liabilities and Net Assets / Fund Balance$6,469,236$7,109,660▲ $640,424

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$6,469,236$138,769▲ $1,553,855$0$7,109,660
2019$6,169,034$192,591▲ $154,305$0$6,469,236
2018$5,882,342$128,848▲ $265,589$0$6,169,034
2017$5,287,976$417,307▲ $336,040$0$5,882,342
2016$4,738,763$236,060▲ $403,855$0$5,287,976
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Roberta FieldsPresident
Larry DavisVice President
Carrie SparlingTrustee
Catherine ArmitageTrustee
David CarpenterTrustee
Elizabeth GarrisonTrustee
Jill TrauschkeTrustee
Katie McClendonTrustee
Liz CromwellTrustee
Penny McCalebTrustee
Rachel MathewTrustee
Sarah HoganTrustee
Suzy SultemeierTrustee
Ron BryneSecretary / Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$138,769
Program Service Revenue
$0
Investment Income
$271,726
Other Revenue
$1,278,702
All Other Contributions
$138,769
Change in Net Assets
$636,997

Audited Revenue Reconciliation

Revenue per Audited Statements
$391,050
Revenue Not Reported on Financial Statements
$1,298,147
Other Revenue Adjustments
$1,278,702
Total Revenue per Audited Statements
$391,050
Total Revenue per Form 990
$1,689,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$997,203
Other Expenses$54,997
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$997,203--$997,203
Fees for Services Accounting$0$28,952$0$28,952
Fees for Service Investment Mgmnt Fees$0$19,445$0$19,445
Office Expenses$0$5,197$0$5,197
Other Expenses$0$956$0$956
Insurance$0$431$0$431
Total Functional Expenses$997,203$54,997$0$1,052,200

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,052,200
Expenses per Audited Statements$1,032,755
Total Expenses per Audited Statements$1,032,755
Expenses Not Reported on Financial Statements$19,445
Other Expense Adjustments$19,445
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Metropolitan Library SystemOklahoma City, OK-Attachment 1$997,203
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
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
Filing and Contact Details

Filer

Filer Name
Library Endowment Trust
EIN
73-6227587
Phone
4056063760
Address
300 Park Avenue, Oklahoma City, OK 73102

Signing Officer

Name
Ronald J Byrne
Title
Treasurer
Phone
4056063760
Signed
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
Ok
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Dianna H Rowland CPA Pc
Address
PO BOX 720296, OKLAHOMA CITY, OK 73172
Preparer
Dianna H Rowland CPA
Phone
4058341793
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The form 990 is provided to the treasurer for review and signature prior to submission and is available to the entire board at their request.”

Pt VI, Line 12C

“Each Trustee signs a Conflict of Interest agreement annually. It is enforced thru familiarity with and knowlege of the trustees and their families as well as the honor system for those serving as trustees.”

Pt VI, Line 18

“This Form 990 is available for review upon request to 300 Park Ave, Oklahoma City, OK 73102 or on our website at: https://supportmls.org/let/”

Pt VI, Line 19

“Governing documents, conflict of interest policy and audited financial statements are available for review upon request at: 300 Park Ave, Oklahoma City, OK 73102”

Financial Statement Notes

Pt XI, Line 4B

“Unrealized gains on investments are not included in revenue on the audited financial statements but are included in revenue on page 1 of this Form 990.”

Pt XII, Line 4B

“Investment expenses are netted against revenue on the audited financials but not on this Form 990.”

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IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05197
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt05197
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0189346
IRS990/OtherAssetsTotalGrp/EOYAmt0231196
IRS990/OtherExpensesGrp/Desc0Misc
IRS990/OtherExpensesGrp/Desc1Credit Card Fees
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt016
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1956
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/TotalAmt016
IRS990/OtherExpensesGrp/TotalAmt1956
IRS990/OtherRevenueTotalAmt01278702
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010000
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0President
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0192951
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt09465
IRS990/PYInvestmentIncomeAmt0245076
IRS990/PYOtherExpensesAmt037229
IRS990/PYOtherRevenueAmt0-121574
IRS990/PYRevenuesLessExpensesAmt0269759
IRS990/PYTotalExpensesAmt046694
IRS990/PYTotalRevenueAmt0316453
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0636997
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0730747858
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0997203
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Metropolitan Library System
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0997203
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt054997
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06469236
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0138769
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt07109660
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0997203
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01553855
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt037229
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06169034
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0192591
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06469236
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt09465
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0154305
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt051049
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05882342
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0128848
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06169034
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt056696
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0265589
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt040881
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05287976
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0417307
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05882342
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0118100
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0336040
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt067510
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04738763
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0236060
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt05287976
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt023192
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0403855
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt00
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt019445
IRS990ScheduleD/ExpensesSubtotalAmt01032755
IRS990ScheduleD/InvestmentExpensesNotIncldAmt019445
IRS990ScheduleD/OtherExpensesNotIncludedAmt019445
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01278702
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01298147
IRS990ScheduleD/RevenueSubtotalAmt0391050
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Unrealized gains on investments are not included in revenue on the audited financial statements but are included in revenue on page 1 of this Form 990.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Investment expenses are netted against revenue on the audited financials but not on this Form 990.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 4b
IRS990ScheduleD/TotalExpensesPerForm990Amt01052200
IRS990ScheduleD/TotalRevenuePerForm990Amt01689197
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0391050
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01032755
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0997203
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Attachment 1
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Metropolitan Library System
IRS990ScheduleI/RecipientTable/RecipientEIN0730747828
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0300 Park Avenue
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Oklahoma City
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OK
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd073102
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 is provided to the treasurer for review and signature prior to submission and is available to the entire board at their request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each Trustee signs a Conflict of Interest agreement annually. It is enforced thru familiarity with and knowlege of the trustees and their families as well as the honor system for those serving as trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2This Form 990 is available for review upon request to 300 Park Ave, Oklahoma City, OK 73102 or on our website at: https://supportmls.org/let/
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, conflict of interest policy and audited financial statements are available for review upon request at: 300 Park Ave, Oklahoma City, OK 73102
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,109,660
Liabilities
$9,675
Net assets
$7,099,985
Revenue
$1,689,197
Expenses
$1,052,200
Net income
$636,997
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