Civic Intelligence

Bozeman Public Library Foundation Inc.

990 • Fiscal year 2018 • EIN 81-0405940

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 14, 2019

626 East Main StreetBozeman, MT 59715

(406) 582-2400

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

91st percentile

48%

Higher net margin than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

66th percentile

$93,909

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

39th percentile

-1.5%

Faster asset growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

68th percentile

13%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$4,215,785

Down $62,403 (-1.5%) from 2017

Net Assets

Down

$4,136,623

Down $41,544 (-1.0%) from 2017

Liabilities

Down

$79,162

Down $20,859 (-21%) from 2017

Revenue

Up

$943,314

Up $110,899 (+13%) from 2017

Expenses

Down

$492,019

Down $74,469 (-13%) from 2017

Net Income

Up

$451,295

Up $185,368 (+70%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $2,956,735Liabilities 2010: $1,720Net Assets 2010: $2,955,0152010Assets 2011: $2,939,771Liabilities 2011: $4,250Net Assets 2011: $2,935,5212011Assets 2012: $3,167,878Liabilities 2012: $5,656Net Assets 2012: $3,162,2222012Assets 2013: $3,531,486Liabilities 2013: $6,844Net Assets 2013: $3,524,6422013Assets 2014: $3,545,326Liabilities 2014: $4,121Net Assets 2014: $3,541,2052014Assets 2015: $3,739,695Liabilities 2015: $1,244Net Assets 2015: $3,738,4512015Assets 2016: $3,806,780Liabilities 2016: $5,961Net Assets 2016: $3,800,8192016Assets 2017: $4,278,188Liabilities 2017: $100,021Net Assets 2017: $4,178,1672017Assets 2018: $4,215,785Liabilities 2018: $79,162Net Assets 2018: $4,136,6232018Assets 2019: $4,689,242Liabilities 2019: $26,837Net Assets 2019: $4,662,4052019Assets 2020: $5,401,232Liabilities 2020: $48,329Net Assets 2020: $5,352,9032020Assets 2021: $7,822,756Liabilities 2021: $20,065Net Assets 2021: $7,802,6912021Assets 2022: $6,279,027Liabilities 2022: $19,000Net Assets 2022: $6,260,0272022Assets 2023: $7,422,934Liabilities 2023: $22,871Net Assets 2023: $7,400,0632023Assets 2024: $8,131,634Liabilities 2024: $20,785Net Assets 2024: $8,110,8492024

Highlighted filing

2018

Assets$4,215,785
Liabilities$79,162
Net Assets$4,136,623

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $555,0142010Expenses 2011: $218,1712011Expenses 2012: $216,2352012Revenue 2013: $544,219Expenses 2013: $250,532Net Income 2013: $293,6872013Revenue 2014: $288,232Expenses 2014: $240,643Net Income 2014: $47,5892014Revenue 2015: $621,276Expenses 2015: $292,855Net Income 2015: $328,4212015Revenue 2016: $366,613Expenses 2016: $396,493Net Income 2016: -$29,8802016Revenue 2017: $832,415Expenses 2017: $566,488Net Income 2017: $265,9272017Revenue 2018: $943,314Expenses 2018: $492,019Net Income 2018: $451,2952018Revenue 2019: $504,286Expenses 2019: $457,968Net Income 2019: $46,3182019Revenue 2020: $1,000,025Expenses 2020: $487,865Net Income 2020: $512,1602020Revenue 2021: $3,313,935Expenses 2021: $952,934Net Income 2021: $2,361,0012021Revenue 2022: $1,632,743Expenses 2022: $2,446,482Net Income 2022: -$813,7392022Revenue 2023: $3,563,642Expenses 2023: $2,902,774Net Income 2023: $660,8682023Revenue 2024: $1,467,452Expenses 2024: $692,052Net Income 2024: $775,4002024

Highlighted filing

2018

Revenue$943,314
Expenses$492,019
Net Income$451,295
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 14, 2019
Return Version
2018v3.1
Gross Receipts
$1,036,750
Mission and Program Overview

Mission

The foundation's mission is two-fold. We seek to increase and enhance the quality of services, programs, and community events offered by the bozeman public library, benefiting the residents and communities it serves. The foundation also supports and advocates for private and public support of the library, acting as a catalyst for attracting private funding from individuals, businesses, organizations, and foundations while working to reinforce overall public support for the library.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,076,977$3,915,198▼ $161,779
Cash and Non-Interest-Bearing Accounts$155,607$50,535▼ $105,072
Accounts Receivable-$14,931-
Intangible Assets-$9,380-
Savings and Temporary Cash Investments$11,543$9,093▼ $2,450
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,278,188$4,215,785▼ $62,403
Other Assets Total$34,061$216,648▲ $182,587
Liabilities
Unsecured Notes Loans Payable$75,000$45,000▼ $30,000
Accounts Payable and Accrued Expenses$25,021$34,162▲ $9,141
Total Liabilities$100,021$79,162▼ $20,859
Net Assets / Fund Balance
Unrestricted Net Assets$3,730,178$3,465,870▼ $264,308
Permanently Rstr Net Assets$163,654$464,151▲ $300,497
Temporarily Rstr Net Assets$284,335$206,602▼ $77,733
Total Net Assets Fund Balance$4,178,167$4,136,623▼ $41,544
Total Liabilities and Net Assets / Fund Balance$4,278,188$4,215,785▼ $62,403

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$2,453$2,453
Other Assets Org$206,602--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$232,985$250,000▲ $915$232,985$250,915
2017$210,557-▲ $22,428-$232,985
2016$219,767-▼ $9,120-$210,557
2015$227,439-▼ $7,672-$219,767
2014$226,917-▲ $522-$227,439
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janay JohnsonExecutive DirectorFT$91,190$2,719$93,909

Board Members and Trustees

NameTitle
Bill StoddartBoard President
Crystal EhliVice President
Brook MerrowBoard Member
Diana BlankBoard Member
Ethan BarlowBoard Member
Kelly RamirezBoard Member
Laura CunninghamBoard Member
Meg KonkelBoard Member
Nicholas WickesBoard Member
Sarabeth ReesBoard Member
Tony RenslowBoard Member
Renae PineSecretary
Robin HubleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$582,174
Program Service Revenue
$0
Investment Income
$341,391
Other Revenue
$19,749
All Other Contributions
$510,549
Change in Net Assets
$451,295

Audited Revenue Reconciliation

Revenue per Audited Statements
$922,114
Revenue Not Reported on Financial Statements
$21,200
Revenue Not Reported on Form 990
$-467,449
Total Revenue per Audited Statements
$454,665
Total Revenue per Form 990
$943,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$274,219
Salaries, Compensation, and Employee Benefits$199,596
Total Fundraising Expense$99,893
Grants and Similar Amounts Paid$18,204
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$9,119$37,375$54,714$101,208
Other Salaries and Wages$33,837$20,755$26,471$81,063
All Other Expenses-$38,083$331$38,414
Other Expenses$36,159--$36,159
Grants to Domestic Orgs$18,204--$18,204
Office Expenses-$5,359$12,315$17,674
Payroll Taxes$3,278$3,999$6,062$13,339
Fees for Services Accounting-$12,132-$12,132
Other Employee Benefits-$2,255-$2,255
Pension Plan Contributions-$1,731-$1,731
Insurance-$929-$929
Depreciation Depletion-$494-$494
Total Functional Expenses$269,014$123,112$99,893$492,019

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$498,911
Total Expenses per Form 990$492,019
Expenses per Audited Statements$470,819
Expenses Not Reported on Form 990$28,092
Expenses Not Reported on Financial Statements$21,200
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Montana Community FoundationHelena, MT--$18,204
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$41,047
Fundraising Direct Expenses$26,592
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Library Gala$112,672$41,047$12,478$28,569
Total Events$112,672$41,047$26,592$14,455
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$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 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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 is reviewed by the treasurer who then reports to the executive committee and the full board of directors.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The board is required to sign and review the conflict of interest policy yearly.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The executive committee conducts an annual review of the foundation director. They present the findings to the full board and make recommendations regarding changes to the compensation package.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The governing documents, conflict of interest policy and the financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Bozeman Public Library Foundation
EIN
81-0405940
Phone
4065822400
Address
626 EAST MAIN STREET, BOZEMAN, MT 59715

Signing Officer

Name
Robin Hubley
Title
Treasurer
Signed
2019-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Stoddart
Formed
1998
Legal Domicile
Mt
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
25

Preparer

Firm
Rudd & Company PLLC
Address
3805 Valley Commons Drive Suite 7, Bozeman, MT 59718
Preparer
Scott Holton CPA
Phone
4065853393
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: lynda.com: purchased a subscription to the popular professional online learning service lynda.com. Now all library cardholders have access to over 6,000 professional development courses. Other program services 5: one book - one bozeman: community read partnership with montana state university, local businesses, the bozeman school district, and bozeman library. Served 750. Other program services 6: creative workshops: free summer programs offered to students in 2nd through 10th grade. The 20 workshops enableed kids to participate in experiences that may not be affordable for many families. The workshops included painting, drumming, and crafts. Over 500 kids were served. Other program services 7: symbozium: a civil discourse series of moderated forums that encourage the community to examine controversial topics with an open mind while engaging in respectful conversations. 600 served. Other program services 8: yoga for all: two free weekly classes for all ages and abilities; adults are encouraced to bring babies/kids. 2,000 people attended. Other program services 9: exploring the arts: interactive/educational series to bring free arts and cultural programs to the community. Served 200 people. Other program services 10: other programs: author talks, steam workshops, countdown to kindergarten, improvement to library grounds, continuing education for librarians, volunteer appreciation. Other program services 11: teen book festival: three popular authors of young adult books visited bozeman high and the library to share insights into writing and publishing. 400 served.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The intention of the endowment funds is to provide a predictable stream of funding to operations.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Fundraising event expense $26592

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising event expense $26592

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IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
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IRS990/MissionDesc0THE FOUNDATION'S MISSION IS TWO-FOLD. WE SEEK TO INCREASE AND ENHANCE THE QUALITY OF SERVICES, PROGRAMS, AND COMMUNITY EVENTS OFFERED BY THE BOZEMAN PUBLIC LIBRARY, BENEFITING THE RESIDENTS AND COMMUNITIES IT SERVES. THE FOUNDATION ALSO SUPPORTS AND ADVOCATES FOR PRIVATE AND PUBLIC SUPPORT OF THE LIBRARY, ACTING AS A CATALYST FOR ATTRACTING PRIVATE FUNDING FROM INDIVIDUALS, BUSINESSES, ORGANIZATIONS, AND FOUNDATIONS WHILE WORKING TO REINFORCE OVERALL PUBLIC SUPPORT FOR THE LIBRARY.
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IRS990/OtherExpensesGrp/Desc0ARTS/CULTURE
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IRS990/OtherExpensesGrp/Desc2CHILDREN'S DEPARTMENT
IRS990/OtherExpensesGrp/Desc3OUTREACH AND ADULT ED
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IRS990/OtherExpensesGrp/ProgramServicesAmt149012
IRS990/OtherExpensesGrp/ProgramServicesAmt240619
IRS990/OtherExpensesGrp/ProgramServicesAmt336159
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IRS990/OtherExpensesGrp/TotalAmt149012
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IRS990/PrincipalOfficerNm0BILL STODDART
IRS990/PriorPeriodAdjustmentsAmt02702
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IRS990/ProgSrvcAccomActy2Grp/Desc0SYMBOZIUM: A CIVIL DISCOURSE SERIES OF MODERATED FORUMS THAT ENCOURAGE THE COMMUNITY TO EXAMINE CONTROVERSIAL TOPICS WITH AN OPEN MIND WHILE ENGAGING IN RESPECTFUL CONVERSATIONS. 600 SERVED.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt018062
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt058108
IRS990/ProgSrvcAccomActy3Grp/Desc0CHILDREN'S FESTIVAL OF THE BOOK: POPULAR CHILDREN'S AUTHORS SPENT A DAY VISITING LOCAL ELEMENTARY AND MIDDLE SCHOOLS TO TALK ABOUT THEIR CRAFT. THIS WAS FOLLOWED BY A DAY-LONG FESTIVAL AT THE LIBRARY CONSISTING OF A SERIES OF WRITING AND ILLUSTRATING WORKSHOPS, BOOK SIGNINGS, AND PANEL DISCUSSIONS. 2018 WAS THE 11TH ANNIVERSARY OF THE CHILDREN'S FESTIVAL OF THE BOOK. APPROXIMATELY 2,500 CHILDREN AND CAREGIVERS EXPERIENCED A SCHOOL VISIT OR ATTENDED THE FESTIVAL.
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0111491

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.13$0.02$8.11$1.47$0.69$0.78
2023Detailed filing. Detailed filing data is available for this year.$7.42$0.02$7.40$3.56$2.90$0.66
2022Detailed filing. Detailed filing data is available for this year.$6.28$0.02$6.26$1.63$2.45$0.81
2021Detailed filing. Detailed filing data is available for this year.$7.82$0.02$7.80$3.31$0.95$2.36
2020Detailed filing. Detailed filing data is available for this year.$5.40$0.05$5.35$1.00$0.49$0.51
2019Detailed filing. Detailed filing data is available for this year.$4.69$0.03$4.66$0.50$0.46$0.05
2018Detailed filing. Detailed filing data is available for this year.$4.22$0.08$4.14$0.94$0.49$0.45
2017Detailed filing. Detailed filing data is available for this year.$4.28$0.10$4.18$0.83$0.57$0.27
2016Detailed filing. Detailed filing data is available for this year.$3.81$0.01$3.80$0.37$0.40$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.74$0.00$3.74$0.62$0.29$0.33
2014Detailed filing. Detailed filing data is available for this year.$3.55$0.00$3.54$0.29$0.24$0.05
2013Detailed filing. Detailed filing data is available for this year.$3.53$0.01$3.52$0.54$0.25$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.17$0.01$3.16$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.00$2.94$0.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.96$0.00$2.96$0.56