Civic Intelligence

Libraries of Montrose County Foundation

EIN 87-0752578 • 501(c)3 • Montrose, CO

Profile

The Libraries of Montrose County Foundation encourages community investments through gifts and initiatives to ensure the people of Montrose County the full measure of resources, services and access to befitting great libraries.

320 S 2nd StreetMontrose, CO 81401

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

97th percentile

89%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

85th percentile

38%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

336%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$946,512

Up $260,050 (+38%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$946,512

Up $260,050 (+38%) from 2023

Operations
Liabilities / Revenue35th percentileNet Margin97th percentile

Revenue

Up

$253,316

Up $195,246 (+336%) from 2023

Expenses

Down

$27,883

Down $16,991 (-38%) from 2023

Net Income

Up

$225,433

Up $212,237 (+1608%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth85th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2014: $271,898Liabilities 2014: $02014Assets 2015: $310,747Liabilities 2015: $02015Assets 2016: $362,680Liabilities 2016: $02016Assets 2017: $452,677Liabilities 2017: $02017Assets 2018: $476,837Liabilities 2018: $02018Assets 2019: $552,141Liabilities 2019: $02019Assets 2020: $650,807Liabilities 2020: $0Net Assets 2020: $650,8072020Assets 2021: $737,125Liabilities 2021: $0Net Assets 2021: $737,1252021Assets 2022: $628,333Liabilities 2022: $0Net Assets 2022: $628,3332022Assets 2023: $686,462Liabilities 2023: $0Net Assets 2023: $686,4622023Assets 2024: $946,512Liabilities 2024: $0Net Assets 2024: $946,5122024

Highlighted filing

2024

Assets$946,512
Liabilities$0
Net Assets$946,512
Open 2024 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2014: $104,843Expenses 2014: $15,352Net Income 2014: $89,4912014Revenue 2015: $63,867Expenses 2015: $25,018Net Income 2015: $38,8492015Revenue 2016: $59,512Expenses 2016: $7,579Net Income 2016: $51,9332016Revenue 2017: $123,225Expenses 2017: $33,228Net Income 2017: $89,9972017Revenue 2018: $98,048Expenses 2018: $29,691Net Income 2018: $68,3572018Revenue 2019: $27,362Expenses 2019: $19,304Net Income 2019: $8,0582019Revenue 2020: $110,960Expenses 2020: $36,050Net Income 2020: $74,9102020Revenue 2021: $118,265Expenses 2021: $31,947Net Income 2021: $86,3182021Revenue 2022: $58,441Expenses 2022: $52,091Net Income 2022: $6,3502022Revenue 2023: $58,070Expenses 2023: $44,874Net Income 2023: $13,1962023Revenue 2024: $253,316Expenses 2024: $27,883Net Income 2024: $225,4332024

Highlighted filing

2024

Revenue$253,316
Expenses$27,883
Net Income$225,433
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$946,512
Liabilities
$0
Net assets
$946,512
Revenue
$253,316
Expenses
$27,883
Net income
$225,433
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.47$0.00$9.47$2.53$0.28$2.25
2023Detailed filing. Detailed filing data is available for this year.$6.86$0.00$6.86$0.58$0.45$0.13
2022Detailed filing. Detailed filing data is available for this year.$6.28$0.00$6.28$0.58$0.52$0.06
2021Detailed filing. Detailed filing data is available for this year.$7.37$0.00$7.37$1.18$0.32$0.86
2020Detailed filing. Detailed filing data is available for this year.$6.51$0.00$6.51$1.11$0.36$0.75
2019Summary only. Only limited summary data is available for this year.$5.52$0.00$0.27$0.19$0.08
2018Summary only. Only limited summary data is available for this year.$4.77$0.00$0.98$0.30$0.68
2017Summary only. Only limited summary data is available for this year.$4.53$0.00$1.23$0.33$0.90
2016Summary only. Only limited summary data is available for this year.$3.63$0.00$0.60$0.08$0.52
2015Summary only. Only limited summary data is available for this year.$3.11$0.00$0.64$0.25$0.39
2014Summary only. Only limited summary data is available for this year.$2.72$0.00$1.05$0.15$0.89
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$255,032
Mission and Program Overview

Mission

The LMCF supports the mission of the libraries in Montrose County, Colorado

The Libraries of Montrose County Foundation encourages community investments through gifts and initiatives to ensure the people of Montrose County the full measure of resources, services and access to befitting great libraries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$686,462$946,512▲ $260,050
Investments Other Securities$665,894$905,796▲ $239,902
Cash and Non-Interest-Bearing Accounts$10,274$21,489▲ $11,215
Savings and Temporary Cash Investments$10,294$19,227▲ $8,933
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 Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$686,462$946,512▲ $260,050
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$686,462$946,512▲ $260,050
Total Liabilities and Net Assets / Fund Balance$686,462$946,512▲ $260,050
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Doug KiesewetterPresident
Babs SchmerlerDirector
Dave RobertsDirector
Diane WingerDirector
Mary Jane MastersDirector
Paul PaladinoDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$225,406
Program Service Revenue
$0
Investment Income
$25,795
Other Revenue
$2,115
All Other Contributions
$225,406
Change in Net Assets
$225,433
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,133
Grants and Similar Amounts Paid$13,750
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$13,750--$13,750
Fees for Services Other-$11,584-$11,584
Fees for Services Accounting-$1,400-$1,400
Other Expenses$807$342-$342
Total Functional Expenses$14,557$13,326$0$27,883
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Montrose Community FoundationMontrose, CO--$13,750
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,831
Fundraising Direct Expenses$1,716
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
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The LMCF has no committees.”

Form 990, Part VI, Section B, Line 11B

“The President of LMCF and the director review the return and approve before filing.”

Form 990, Part VI, Section C, Line 19

“All documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Libraries of Montrose County Foundation
EIN
87-0752578
Phone
9709642550
Address
320 S 2nd Street, Montrose, CO 81401

Signing Officer

Name
Paul Paladino
Title
Director
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Paladino
Formed
2005
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Campbell & Watson CPAs PC
Address
306 South Third, Montrose, CO 81401
Preparer
Hayley L Watson CPA
Phone
9702497973
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt024680
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0153059
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.72250
IRS990ScheduleA/PublicSupportPY170Pct00.57130
IRS990ScheduleA/PublicSupportTotal170Amt0398488
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0225406
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt036320
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt037270
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt058602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt040890
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0398488
IRS990ScheduleA/TotalSupportAmt0551547
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/TotalBookValueSecuritiesAmt0905796
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt013750
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Montrose Community Foundation
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0525 E Main Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Montrose
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd081401
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The LMCF has no committees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The President of LMCF and the director review the return and approve before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0686462
IRS990/TotalAssetsEOYAmt0946512
IRS990/TotalAssetsGrp/BOYAmt0686462
IRS990/TotalAssetsGrp/EOYAmt0946512
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0225406
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013326
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt014557
IRS990/TotalFunctionalExpensesGrp/TotalAmt027883
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0686462
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0946512
IRS990/TotalProgramServiceExpensesAmt014557
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt025795
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0253316
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0686462
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0946512
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0320 S 2nd Street
IRS990/USAddress/CityNm0Montrose
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081401
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Paul Paladino
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Libraries of Montrose County Foundation
ReturnHeader/Filer/BusinessNameControlTxt0LIBR
ReturnHeader/Filer/EIN0870752578
ReturnHeader/Filer/PhoneNum09709642550
ReturnHeader/Filer/USAddress/AddressLine1Txt0320 S 2nd Street
ReturnHeader/Filer/USAddress/CityNm0Montrose
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd081401
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201510092
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Campbell & Watson CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0306 South Third
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Montrose
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd081401
ReturnHeader/PreparerPersonGrp/PhoneNum09702497973
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Hayley L Watson CPA
ReturnHeader/ReturnTs02025-11-17T12:51:25-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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