Civic Intelligence

Sno-Isle Regional Library Foundation

990 • Fiscal year 2015 • EIN 91-2010318

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 24, 2016

7312 35th Ave NEMarysville, WA 98271-7417

(360) 651-7000

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

88th percentile

37%

Higher net margin than 88% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

73rd percentile

13%

Faster asset growth than 73% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

93rd percentile

98%

Faster revenue growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$980,471

Up $115,478 (+13%) from 2014

Net Assets

Up

$980,471

Up $115,478 (+13%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$323,601

Up $160,358 (+98%) from 2014

Expenses

Up

$205,257

Up $20,880 (+11%) from 2014

Net Income

Up

$118,344

Up $139,478 (+660%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $780,357Liabilities 2010: $0Net Assets 2010: $780,3572010Assets 2011: $796,607Liabilities 2011: $0Net Assets 2011: $796,6072011Assets 2012: $821,386Liabilities 2012: $0Net Assets 2012: $821,3862012Assets 2013: $854,397Liabilities 2013: $0Net Assets 2013: $854,3972013Assets 2014: $864,993Liabilities 2014: $0Net Assets 2014: $864,9932014Assets 2015: $980,471Liabilities 2015: $0Net Assets 2015: $980,4712015Assets 2016: $910,969Liabilities 2016: $0Net Assets 2016: $910,9692016Assets 2017: $1,056,954Liabilities 2017: $1,404Net Assets 2017: $1,055,5502017Assets 2018: $941,864Liabilities 2018: $0Net Assets 2018: $941,8642018Assets 2019: $1,047,239Liabilities 2019: $0Net Assets 2019: $1,047,2392019Assets 2020: $1,353,315Liabilities 2020: $0Net Assets 2020: $1,353,3152020Assets 2021: $2,307,983Liabilities 2021: $0Net Assets 2021: $2,307,9832021Assets 2022: $2,267,762Liabilities 2022: $0Net Assets 2022: $2,267,7622022Assets 2023: $4,634,585Liabilities 2023: $0Net Assets 2023: $4,634,5852023Assets 2024: $4,904,318Liabilities 2024: $0Net Assets 2024: $4,904,3182024

Highlighted filing

2015

Assets$980,471
Liabilities$0
Net Assets$980,471

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $237,457Expenses 2010: $163,549Net Income 2010: $73,9082010Revenue 2011: $224,343Expenses 2011: $222,678Net Income 2011: $1,6652011Revenue 2012: $225,961Expenses 2012: $245,078Net Income 2012: -$19,1172012Revenue 2013: $394,578Expenses 2013: $424,875Net Income 2013: -$30,2972013Revenue 2014: $163,243Expenses 2014: $184,377Net Income 2014: -$21,1342014Revenue 2015: $323,601Expenses 2015: $205,257Net Income 2015: $118,3442015Revenue 2016: $150,199Expenses 2016: $267,770Net Income 2016: -$117,5712016Revenue 2017: $313,329Expenses 2017: $257,943Net Income 2017: $55,3862017Revenue 2018: $116,672Expenses 2018: $199,435Net Income 2018: -$82,7632018Revenue 2019: $146,809Expenses 2019: $167,663Net Income 2019: -$20,8542019Revenue 2020: $501,572Expenses 2020: $293,153Net Income 2020: $208,4192020Revenue 2021: $1,057,295Expenses 2021: $217,489Net Income 2021: $839,8062021Revenue 2022: $328,024Expenses 2022: $255,487Net Income 2022: $72,5372022Revenue 2023: $2,618,278Expenses 2023: $364,357Net Income 2023: $2,253,9212023Revenue 2024: $640,554Expenses 2024: $474,798Net Income 2024: $165,7562024

Highlighted filing

2015

Revenue$323,601
Expenses$205,257
Net Income$118,344
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 24, 2016
Return Version
2015v2.1
Gross Receipts
$345,159
Mission and Program Overview

Mission

Sno-isle libraries foundation's mission is to create support for vibrant library programs and services for the people of snohomish and island counties.

TO CREATE SUPPORT FOR VIBRANT LIBRARY PROGRAMS AND SERVICES in SNOHOMISH AND ISLAND COUNTIES.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$864,993$980,471▲ $115,478
Investments in Publicly Traded Securities$623,096$601,586▼ $21,510
Cash and Non-Interest-Bearing Accounts$241,897$378,885▲ $136,988
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$864,993$980,471▲ $115,478
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$864,993$980,471▲ $115,478
Total Liabilities and Net Assets / Fund Balance$864,993$980,471▲ $115,478

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$512,395$100▼ $672-$489,687
2014$510,808$2,936▲ $28,937-$512,395
2013$409,822$59,170▲ $68,814-$510,808
2012$389,115$3,234▲ $40,375-$409,822
2011$380,793$17,609▲ $10,669-$389,115
Compensation and Service Providers

Board Members and Trustees

NameTitle
Terry LippincottPresident
Caryl ThorpDirector
Kim DruryDirector
Marshall GoldbergDirector
Marti AnamosaDirector
Mary CampbellDirector
Mike McGinnisDirector
Rose OlsonDirector
Jeanne SteffenerSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$336,281
Program Service Revenue
$0
Investment Income
$4,361
Other Revenue
$-17,041
All Other Contributions
$301,885
Change in Net Assets
$118,344
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$171,967
Grants and Similar Amounts Paid$33,290
Total Fundraising Expense$440
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$33,290--$33,290
Office Expenses-$11,143$440$11,583
Fees for Service Investment Mgmnt Fees-$9,127-$9,127
Fees for Services Accounting-$1,632-$1,632
Other Expenses$146,145$1,138-$1,138
Insurance-$930-$930
Total Functional Expenses$179,435$25,382$440$205,257
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sno-Isle Regional LibraryMarysville, WA-To further the provision of library services to the citizens of Snohomish and Island Counties, Washington.$33,290
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$17,041
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Western Shootout$23,450-$9,918-
Art & appetizer$10,946-$7,123-
Total Events$34,396-$17,041$-17,041
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
Backup withholding compliance
Yes
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 B, line 11

Form 990 is reviewed by the board of directors prior to it's filing.

Form 990, Part VI, Section B, line 12C

Members are required to read the policy, agree to comply with the policy, and are required to disclose any related interest that may give rise to a conflict. The disclosures are reviewed by the organization.

Form 990, Part VI, Section C, line 19

Documents are available for public inspection upon written request.

Filing and Contact Details

Filer

Filer Name
Sno-Isle Libraries Foundation
EIN
91-2010318
Phone
3606517000
Address
7312 35th Ave NE, Marysville, WA 98271-7417

Signing Officer

Name
Terry Lippincott
Title
President
Phone
3606517000
Signed
2016-08-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Lippincott
Formed
2000
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
15

Preparer

Firm
Forbes Anderson PLLC
Address
PO Box 1268, Everett, WA 98206-1268
Preparer
Richard L Anderson CPA
Phone
4252583173
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

Earnings from the endowment funds are to be used to expand and enhance the basic collections of Sno-Isle Libraries. The endowment funds also support annual programming and service needs.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt09127
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0512395
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0100
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0489687
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt013009
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-672
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt010070
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0510808
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02936
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0512395
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt020216
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt028937
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt08024
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0409822
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt059170
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0510808
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt018974
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt068814
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt07983
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0389115
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt03234
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0409822
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt014917
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt040375
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt07459
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0380793
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt017609
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0389115
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt012497
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010669
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Earnings from the endowment funds are to be used to expand and enhance the basic collections of Sno-Isle Libraries. The endowment funds also support annual programming and service needs.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt034396
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt023450
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt010946
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt017041
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Western Shootout
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Art & appetizer
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt023450
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt010946
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt034396
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-17041
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt017041
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09918
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07123
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt033290
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To further the provision of library services to the citizens of Snohomish and Island Counties, Washington.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Sno-Isle Regional Library
IRS990ScheduleI/RecipientTable/RecipientEIN0911877384
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt07312 35th Ave NE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Marysville
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0982717417
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by the board of directors prior to it's filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members are required to read the policy, agree to comply with the policy, and are required to disclose any related interest that may give rise to a conflict. The disclosures are reviewed by the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents are available for public inspection upon written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0864993
IRS990/TotalAssetsEOYAmt0980471
IRS990/TotalAssetsGrp/BOYAmt0864993
IRS990/TotalAssetsGrp/EOYAmt0980471
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0336281
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0440
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025382
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0179435
IRS990/TotalFunctionalExpensesGrp/TotalAmt0205257
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0864993
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0980471
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0179435
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-12680
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0323601
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0864993
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0980471
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07312 35th Ave NE
IRS990/USAddress/CityNm0Marysville
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd0982717417
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.sno-islefoundation.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Terry Lippincott
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03606517000
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Sno-Isle Libraries Foundation
ReturnHeader/Filer/BusinessNameControlTxt0SNO-
ReturnHeader/Filer/EIN0912010318
ReturnHeader/Filer/PhoneNum03606517000
ReturnHeader/Filer/USAddress/AddressLine1Txt07312 35th Ave NE
ReturnHeader/Filer/USAddress/CityNm0Marysville

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.90$0.00$4.90$0.64$0.47$0.17
2023Detailed filing. Detailed filing data is available for this year.$4.63$0.00$4.63$2.62$0.36$2.25
2022Detailed filing. Detailed filing data is available for this year.$2.27$0.00$2.27$0.33$0.26$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.31$0.00$2.31$1.06$0.22$0.84
2020Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.50$0.29$0.21
2019Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.15$0.17$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.12$0.20$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.31$0.26$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.15$0.27$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.32$0.21$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.16$0.18$0.02
2013Summary only. Only limited summary data is available for this year.$0.85$0.00$0.85$0.39$0.42$0.03
2012Summary only. Only limited summary data is available for this year.$0.82$0.00$0.82$0.23$0.25$0.02
2011Summary only. Only limited summary data is available for this year.$0.80$0.00$0.80$0.22$0.22$0.00
2010Summary only. Only limited summary data is available for this year.$0.78$0.00$0.78$0.24$0.16$0.07