Civic Intelligence

Thomas Balch Library Endowment Foundation

990 • Fiscal year 2023 • EIN 83-2849666

Jan 01, 2023 to Dec 31, 2023 • Filed on May 02, 2024

Organization ProfileTINYURL.COM/TBLEF
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

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

68th percentile

13%

Faster asset growth than 68% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

27th percentile

-7.8%

Faster revenue growth than 27% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,245,255

Up $140,538 (+13%) from 2022

Net Assets

Up

$1,245,255

Up $140,538 (+13%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin73rd percentile

Revenue

Down

$59,726

Down $5,084 (-7.8%) from 2022

Expenses

Up

$48,602

Up $18,433 (+61%) from 2022

Net Income

Down

$11,124

Down $23,517 (-68%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth68th 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

2023

Assets$1,245,255
Liabilities$0
Net Assets$1,245,255
Open 2023 Filing

Operations Trend

Revenue Growth27th 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

2023

Revenue$59,726
Expenses$48,602
Net Income$11,124
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 2, 2024
Return Version
2023v5.0
Gross Receipts
$133,171
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.

The thomas balch library endowment foundation was established in 2015 to receive, maintain, and administer assets in perpetuity to support programs and outreach services of thomas balch library.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,050,879$1,207,694▲ $156,815
Cash and Non-Interest-Bearing Accounts$53,838$37,561▼ $16,277
Total Assets$1,104,717$1,245,255▲ $140,538
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,104,717$1,245,255▲ $140,538
Total Net Assets Fund Balance$1,104,717$1,245,255▲ $140,538
Total Liabilities and Net Assets / Fund Balance$1,104,717$1,245,255▲ $140,538
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Thomas D HornePresident
James H Hershman JrDirector
Keith C TroxellDirector
Ronald a RustDirector
Alexandra S GressittSecretary-tr
Revenue and Support

Revenue Composition

Contributions and Grants
$25,069
Program Service Revenue
$0
Investment Income
$34,657
Other Revenue
$0
All Other Contributions
$25,069
Change in Net Assets
$11,124
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$48,602
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$37,091--$37,091
Fees for Service Investment Mgmnt Fees-$8,330-$8,330
Fees for Services Accounting-$1,610-$1,610
Other Expenses-$25-$25
Total Functional Expenses$37,091$11,511$0$48,602
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, Page 6, Part VI, Line 8B

“The organization does not have committees.”

Form 990, Page 6, Part VI, Line 11B

“The president and the treasurer review draft form 990 prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“All directors of the board review the conflict of interest policy annually and provide a written statement of compliance.”

Form 990, Page 6, Part VI, Line 19

“All original, approved incorporation, governing resolution, and approved policy documents are available at the town of leesburg council actions website.”

Filing and Contact Details

Filer

Filer Name
Thomas Balch Library Endowment
EIN
83-2849666
Phone
7037377196
Address
208 W MARKET STREET, LEESBURG, VA 20176

Signing Officer

Name
Thomas D Horne
Title
President
Phone
7037377196
Signed
2024-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas D Horne
Formed
2015
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Updegrove Mcdaniel Mcmullen Chiccehitto
Address
5 LOUDOUN STREET SW SUITE B, LEESBURG, VA 20175
Preparer
Stephanie J Mercer
Phone
7037711818
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Cataloguing project 37,091 0 0”

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/ExplanationTxt1THE PRESIDENT AND THE TREASURER REVIEW DRAFT FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DIRECTORS OF THE BOARD REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY AND PROVIDE A WRITTEN STATEMENT OF COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL ORIGINAL, APPROVED INCORPORATION, GOVERNING RESOLUTION, AND APPROVED POLICY DOCUMENTS ARE AVAILABLE AT THE TOWN OF LEESBURG COUNCIL ACTIONS WEBSITE.
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541391150
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0UPDEGROVE MCDANIEL MCMULLEN CHICCEHITTO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05 LOUDOUN STREET SW SUITE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEESBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020175
ReturnHeader/PreparerPersonGrp/PhoneNum07037711818
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHANIE J MERCER
ReturnHeader/ReturnTs02024-05-02T15:41:05-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0THOMAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HORNE
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,245,255
Liabilities
$0
Net assets
$1,245,255
Revenue
$59,726
Expenses
$48,602
Net income
$11,124
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