Civic Intelligence

Magness Public Library Foundation

990 • Fiscal year 2019 • EIN 83-0799753

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

Organization ProfileN/A
118 W Main StreetMcminnville, TN 37110

(931) 473-2428

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

3rd percentile

-103%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

43rd percentile

1.0%

Faster asset growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$3,627,194

Up $35,355 (+1.0%) from 2018

Net Assets

Up

$3,627,194

Up $35,355 (+1.0%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin3rd percentile

Revenue

Down

$51,120

Down $3,571,532 (-99%) from 2018

Expenses

Up

$103,852

Up $97,347 (+1496%) from 2018

Net Income

Down

-$52,732

Down $3,668,879 (-101%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2018: $3,591,839Liabilities 2018: $0Net Assets 2018: $3,591,8392018Assets 2019: $3,627,194Liabilities 2019: $0Net Assets 2019: $3,627,1942019Assets 2020: $3,496,581Liabilities 2020: $0Net Assets 2020: $3,496,5812020Assets 2021: $3,509,850Liabilities 2021: $0Net Assets 2021: $3,509,8502021Assets 2022: $3,414,931Liabilities 2022: $0Net Assets 2022: $3,414,9312022Assets 2023: $3,366,227Liabilities 2023: $0Net Assets 2023: $3,366,2272023Assets 2024: $3,277,487Liabilities 2024: $0Net Assets 2024: $3,277,4872024

Highlighted filing

2019

Assets$3,627,194
Liabilities$0
Net Assets$3,627,194
Open 2019 Filing

Operations Trend

Revenue Growth1st percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $3,622,652Expenses 2018: $6,505Net Income 2018: $3,616,1472018Revenue 2019: $51,120Expenses 2019: $103,852Net Income 2019: -$52,7322019Revenue 2020: $7,142Expenses 2020: $159,635Net Income 2020: -$152,4932020Revenue 2021: $74,713Expenses 2021: $88,072Net Income 2021: -$13,3592021Revenue 2022: $77,620Expenses 2022: $103,726Net Income 2022: -$26,1062022Revenue 2023: $43,616Expenses 2023: $111,155Net Income 2023: -$67,5392023Revenue 2024: $30,675Expenses 2024: $123,031Net Income 2024: -$92,3562024

Highlighted filing

2019

Revenue$51,120
Expenses$103,852
Net Income-$52,732
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$458,536
Mission and Program Overview

Mission

To support and enhance the library resources of w.h. And edgar j. Magness community house and library, promote public use of the library, preserve and maintain the historic facility within which the library operates, and support the library's mission as a vital education resource for reading, knowledge acquisition, cultural enrichment, and community events in warren county specifically and middle tennessee generally.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,838,929$2,759,126▼ $79,803
Investments in Publicly Traded Securities$755,990$848,499▲ $92,509
Cash and Non-Interest-Bearing Accounts$5,500$19,569▲ $14,069
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,600,419$3,627,194▲ $26,775
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,600,419$3,627,194▲ $26,775
Total Net Assets Fund Balance$3,600,419$3,627,194▲ $26,775
Total Liabilities and Net Assets / Fund Balance$3,600,419$3,627,194▲ $26,775

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,569,583$73,417-
Other Land Buildings$39,543$13,036-
Land$150,000--
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Ernest Smallman IiiPresident
Trevor GalliganVice President
Elizabeth MyersTrustee
Jean MarshTrustee
Np McwhirterTrustee
Patricia BigbeeTrustee
Rachel KillebrewTrustee
Suchitra MukherjiTrustee
Wt MullicanTrustee
Geoffrey BentSecretary
Justin TannerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,184
Program Service Revenue
$0
Investment Income
$21,536
Other Revenue
$14,400
All Other Contributions
$15,184
Change in Net Assets
$-52,732
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$103,852
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$79,803--$79,803
Fees for Services Legal-$10,808-$10,808
Fees for Services Accounting-$4,869-$4,869
Fees for Service Investment Mgmnt Fees-$2,756-$2,756
Other Expenses$797$19-$19
Total Functional Expenses$85,400$18,452$0$103,852
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,400
Professional Fundraising Fees$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
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
Backup withholding compliance
No
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
No
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

“No review was or will be conducted.”

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Magness Public Library Foundation
EIN
83-0799753
Address
118 W MAIN STREET, MCMINNVILLE, TN 37110

Signing Officer

Name
Ernest Smallman Iii
Title
President
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
0
Employees
0

Preparer

Firm
Totherow Haile & Welch CPAs PLLC
Address
2355 South Chancery St, McMinnville, TN 37110
Preparer
Kevin C Sizemore CPA
Phone
9316681272
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IRS990/PYRevenuesLessExpensesAmt03616147
IRS990/PYTotalExpensesAmt06505
IRS990/PYTotalRevenueAmt03622652
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-52732
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt015184
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03621203
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03636387
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt021134
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt021134
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt014400
IRS990ScheduleA/OtherIncome170Grp/TotalAmt014400
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt03636387
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt015184
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03621203
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03636387
IRS990ScheduleA/TotalSupportAmt03671921
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02569583
IRS990ScheduleD/BuildingsGrp/DepreciationAmt073417
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02643000
IRS990ScheduleD/LandGrp/BookValueAmt0150000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0150000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt039543
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013036
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt052579
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02759126
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03600419
IRS990/TotalAssetsEOYAmt03627194
IRS990/TotalAssetsGrp/BOYAmt03600419
IRS990/TotalAssetsGrp/EOYAmt03627194
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt015184
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018452
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt085400
IRS990/TotalFunctionalExpensesGrp/TotalAmt0103852
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03600419
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03627194
IRS990/TotalProgramServiceExpensesAmt085400
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt021536
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt051120
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03600419
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03627194
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0118 W MAIN STREET
IRS990/USAddress/CityNm0MCMINNVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037110
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ERNEST SMALLMAN III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNESS PUBLIC LIBRARY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0830799753
ReturnHeader/Filer/USAddress/AddressLine1Txt0118 W MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0MCMINNVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037110
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0620693408
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Totherow Haile & Welch CPAs PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02355 South Chancery St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0McMinnville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037110
ReturnHeader/PreparerPersonGrp/PhoneNum09316681272
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kevin C Sizemore CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-11-16T11:12:45-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,627,194
Liabilities
$0
Net assets
$3,627,194
Revenue
$51,120
Expenses
$103,852
Net income
-$52,732
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$0.00$3.28$0.03$0.12$0.09
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$0.00$3.37$0.04$0.11$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$0.00$3.41$0.08$0.10$0.03
2021Detailed filing. Detailed filing data is available for this year.$3.51$0.00$3.51$0.07$0.09$0.01
2020Detailed filing. Detailed filing data is available for this year.$3.50$0.00$3.50$0.01$0.16$0.15
2019Detailed filing. Detailed filing data is available for this year.$3.63$0.00$3.63$0.05$0.10$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.59$0.00$3.59$3.62$0.01$3.62