Civic Intelligence

Thomas Balch Library Endowment Foundation

990 • Fiscal year 2020 • EIN 83-2849666

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 15, 2021

Organization ProfileWWW.LEESBURGVA.GOV/DEPARTMENTS/THOMAS-
208 W 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

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

93rd percentile

61%

Higher net margin than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

67th percentile

15%

Faster asset growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

59th percentile

5.7%

Faster revenue growth than 59% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,019,991

Up $135,789 (+15%) from 2019

Net Assets

Up

$1,019,991

Up $135,789 (+15%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin93rd percentile

Revenue

Up

$107,814

Up $5,861 (+5.7%) from 2019

Expenses

Up

$42,485

Up $2,962 (+7.5%) from 2019

Net Income

Up

$65,329

Up $2,899 (+4.6%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

2020

Assets$1,019,991
Liabilities$0
Net Assets$1,019,991
Open 2020 Filing

Operations Trend

Revenue Growth59th percentile

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

2020

Revenue$107,814
Expenses$42,485
Net Income$65,329
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 15, 2021
Return Version
2020v4.0
Gross Receipts
$107,814
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$1,004,614▲ $131,811
Cash and Non-Interest-Bearing Accounts$11,399$10,327▼ $1,072
Accounts Receivable-$5,050-
Total Assets$884,202$1,019,991▲ $135,789
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$884,202$1,019,991▲ $135,789
Total Net Assets Fund Balance$884,202$1,019,991▲ $135,789
Total Liabilities and Net Assets / Fund Balance$884,202$1,019,991▲ $135,789
Compensation and Service Providers
Top Officer Pay37th 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
$46,780
Program Service Revenue
$0
Investment Income
$61,034
Other Revenue
$0
All Other Contributions
$46,780
Change in Net Assets
$65,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$42,485
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$27,738--$27,738
Fees for Service Investment Mgmnt Fees-$8,183-$8,183
Office Expenses-$6,564-$6,564
Total Functional Expenses$27,738$14,747$0$42,485
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
208 W MARKET STREET, Leesburg, VA 20176

Signing Officer

Name
Alexandra S Gressitt
Title
Secretary-treas
Phone
7037377196
Signed
2021-03-15
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

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

“Other fees for services included roof repairs in the amount of $24,238 and library manuscripts of $3,500.”

Raw XML Appendix306 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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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020176
ReturnHeader/PreparerPersonGrp/PhoneNum07034313640
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT K FRYE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-03-17T15:38:18-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ALEXANDRA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GRESSITT
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,019,991
Liabilities
$0
Net assets
$1,019,991
Revenue
$107,814
Expenses
$42,485
Net income
$65,329
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