Civic Intelligence

Thomas Balch Library Endowment Foundation

990 • Fiscal year 2019 • EIN 83-2849666

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 03, 2020

Organization ProfileWWW.LEESBURGVA.GOV/DEPARTMENTS/THOMAS-
25 West Market StreetLeesburg, VA 20176

(703) 737-7196

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

94th percentile

61%

Higher net margin than 94% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets27th percentile

Assets

$884,202

No earlier filing loaded for comparison.

Net Assets

$884,202

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin94th percentile

Revenue

$101,953

No earlier filing loaded for comparison.

Expenses

$39,523

No earlier filing loaded for comparison.

Net Income

$62,430

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0Assets 2019: $884,202Liabilities 2019: $0Net Assets 2019: $884,2022019Assets 2020: $1,019,991Liabilities 2020: $0Net Assets 2020: $1,019,9912020Assets 2021: $1,310,369Liabilities 2021: $0Net Assets 2021: $1,310,3692021Assets 2022: $1,104,717Liabilities 2022: $0Net Assets 2022: $1,104,7172022Assets 2023: $1,245,255Liabilities 2023: $0Net Assets 2023: $1,245,2552023Assets 2024: $1,371,777Liabilities 2024: $0Net Assets 2024: $1,371,7772024

Highlighted filing

2019

Assets$884,202
Liabilities$0
Net Assets$884,202
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150K$100K$50K$0Revenue 2019: $101,953Expenses 2019: $39,523Net Income 2019: $62,4302019Revenue 2020: $107,814Expenses 2020: $42,485Net Income 2020: $65,3292020Revenue 2021: $88,990Expenses 2021: $17,751Net Income 2021: $71,2392021Revenue 2022: $64,810Expenses 2022: $30,169Net Income 2022: $34,6412022Revenue 2023: $59,726Expenses 2023: $48,602Net Income 2023: $11,1242023Revenue 2024: $72,850Expenses 2024: $23,522Net Income 2024: $49,3282024

Highlighted filing

2019

Revenue$101,953
Expenses$39,523
Net Income$62,430
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 3, 2020
Return Version
2019v5.1
Gross Receipts
$101,953
Mission and Program Overview

Mission

Established to support the thomas balch library in leesburg, virginia. At the board's discretion may provide financial support to expansion of the libarary programs, provide grants to education, researchers and speakers, and provide for purchases and repairs.

Established to support the Thomas Balch Library in Leesburg, Virginia. At the Boards discretion may provide financial support to expansion of the library programs, provide grants to education, researchers and speakers, and provide for purchases and repairs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$872,803-
Cash and Non-Interest-Bearing Accounts-$11,399-
Total Assets$0$884,202▲ $884,202
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$884,202-
Total Net Assets Fund Balance$0$884,202▲ $884,202
Total Liabilities and Net Assets / Fund Balance$0$884,202▲ $884,202
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Thomas D HorneDirector and President
JAMES H HERSHMAN JrDirector
Keith C TroxellDirector
Ron RustDirector
Alexandra S GressittDirector and Secretary-treasu
Revenue and Support

Revenue Composition

Contributions and Grants
$82,750
Program Service Revenue
$0
Investment Income
$19,203
Other Revenue
$0
All Other Contributions
$82,750
Change in Net Assets
$62,430
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$39,523
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
Fees for Services Other$24,237--$24,237
Fees for Services Legal-$12,216-$12,216
Fees for Service Investment Mgmnt Fees-$2,396-$2,396
Office Expenses-$674-$674
Total Functional Expenses$24,237$15,286$0$39,523
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 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

Form 990 governing body review Part VI line 11

“The thomas balch library endowment foundation board of directors reviewed form 990 prior to submission.”

Conflict of interest policy compliance Part VI line 12C

“All directors of the board reviewed the conflict of interest policy and provided a statment of compliance.”

Governing documents etc available to public Part VI line 19

“All original, approved incorporation, governing resolution, and approve policy documents are available at the Town of Leesburg Council Actions websit: https://www.leesburg.gov/government/mayor-council1-documents-legislation OR by writing to: Director of Finance and Administration, 25 West Market Street, Leesburg, VA 20176.”

Filing and Contact Details

Filer

Filer Name
Thomas Balch Library Endowment Foundation
EIN
83-2849666
Address
25 WEST MARKET STREET, Leesburg, VA 20176

Signing Officer

Name
Alexandra S Gressitt
Title
Secretary-treas
Phone
7037377196
Signed
2020-11-03
Discuss with paid preparer
No

Organization Details

Formed
2015
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Robert K Frye CPA
Address
43283 Farewell Dance Dr, Leesburg, VA 20176
Preparer
Robert K Frye
Phone
7034313640
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Upon determination by the irs that organization is a 501 (c) (3)public charity, the town of leesburgs town council transfered assets and fund balance to the thomas balch library endowment foundation. Below is the detail of the $773,673.00 transfers: virginia bowie trust $635,791 warren weitman 16,437 loudoun laurels 11,413 thomas balch family trust 117,096”

List of other fees for services expenses Part IX line 11G

“Other fees for services included a HVAC unit for archives in the amount of $22,737 and a memorial bench for $1,500.”

Raw XML Appendix307 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE THOMAS BALCH LIBRARY ENDOWMENT FOUNDATION BOARD OF DIRECTORS REVIEWED FORM 990 PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DIRECTORS OF THE BOARD REVIEWED THE CONFLICT OF INTEREST POLICY AND PROVIDED A STATMENT OF COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All original, approved incorporation, governing resolution, and approve policy documents are available at the Town of Leesburg Council Actions websit: https://www.leesburg.gov/government/mayor-council1-documents-legislation OR by writing to: Director of Finance and Administration, 25 West Market Street, Leesburg, VA 20176.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON DETERMINATION BY THE IRS THAT ORGANIZATION IS A 501 (C) (3)PUBLIC CHARITY, THE TOWN OF LEESBURGS TOWN COUNCIL TRANSFERED ASSETS AND FUND BALANCE TO THE THOMAS BALCH LIBRARY ENDOWMENT FOUNDATION. BELOW IS THE DETAIL OF THE $773,673.00 TRANSFERS: VIRGINIA BOWIE TRUST $635,791 WARREN WEITMAN 16,437 LOUDOUN LAURELS 11,413 THOMAS BALCH FAMILY TRUST 117,096
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other fees for services included a HVAC unit for archives in the amount of $22,737 and a memorial bench for $1,500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-11-03
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.123.34.173
ReturnHeader/FilingSecurityInformation/IPDt02020-11-03
ReturnHeader/FilingSecurityInformation/IPTm013:16:13
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Robert K Frye CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt043283 Farewell Dance Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Leesburg
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020176
ReturnHeader/PreparerPersonGrp/PhoneNum07034313640
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert K Frye
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-11-03T13:15:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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Filings

Displayed year

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

Open filing
Assets
$884,202
Liabilities
$0
Net assets
$884,202
Revenue
$101,953
Expenses
$39,523
Net income
$62,430
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$0.07$0.02$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$0.06$0.05$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.06$0.03$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$0.09$0.02$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.11$0.04$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.10$0.04$0.06