Civic Intelligence

Fairbanks Library Foundation

990 • Fiscal year 2019 • EIN 92-0072826

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

Organization ProfileTHELIBRARYFOUNDATION.ORG
PO Box 72363Fairbanks, AK 99707

(907) 687-3296

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.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

98th percentile

86%

Higher net margin than 98% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

88th percentile

37%

Faster asset growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

905%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,856,913

Up $505,693 (+37%) from 2018

Net Assets

Up

$1,856,913

Up $505,693 (+37%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin98th percentile

Revenue

Up

$391,824

Up $352,840 (+905%) from 2018

Expenses

Up

$55,031

Up $20,071 (+57%) from 2018

Net Income

Up

$336,793

Up $332,769 (+8270%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$3.0M$2.0M$1.0M$0Assets 2013: $692,318Liabilities 2013: $0Net Assets 2013: $692,3182013Assets 2014: $661,147Liabilities 2014: $0Net Assets 2014: $661,1472014Assets 2015: $641,783Liabilities 2015: $0Net Assets 2015: $641,7832015Assets 2016: $680,194Liabilities 2016: $0Net Assets 2016: $680,1942016Assets 2017: $1,412,176Liabilities 2017: $0Net Assets 2017: $1,412,1762017Assets 2018: $1,351,220Liabilities 2018: $0Net Assets 2018: $1,351,2202018Assets 2019: $1,856,913Liabilities 2019: $0Net Assets 2019: $1,856,9132019Assets 2020: $2,022,329Liabilities 2020: $0Net Assets 2020: $2,022,3292020Assets 2021: $2,398,685Liabilities 2021: $2,183Net Assets 2021: $2,396,5022021Assets 2022: $2,234,113Liabilities 2022: $3,500Net Assets 2022: $2,230,6132022Assets 2023: $2,542,344Liabilities 2023: $863Net Assets 2023: $2,541,4812023Assets 2024: $2,520,082Liabilities 2024: $3,974Net Assets 2024: $2,516,1082024

Highlighted filing

2019

Assets$1,856,913
Liabilities$0
Net Assets$1,856,913
Open 2019 Filing

Operations Trend

Revenue Growth99th percentile

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

$1.0M$500K$0-$500KRevenue 2013: $309,266Expenses 2013: $31,318Net Income 2013: $277,9482013Revenue 2014: $94,789Expenses 2014: $141,941Net Income 2014: -$47,1522014Revenue 2015: $39,236Expenses 2015: $49,588Net Income 2015: -$10,3522015Revenue 2016: $47,955Expenses 2016: $35,445Net Income 2016: $12,5102016Revenue 2017: $676,873Expenses 2017: $40,071Net Income 2017: $636,8022017Revenue 2018: $38,984Expenses 2018: $34,960Net Income 2018: $4,0242018Revenue 2019: $391,824Expenses 2019: $55,031Net Income 2019: $336,7932019Revenue 2020: $72,984Expenses 2020: $8,387Net Income 2020: $64,5972020Revenue 2021: $196,372Expenses 2021: $25,128Net Income 2021: $171,2442021Revenue 2022: $119,498Expenses 2022: $30,326Net Income 2022: $89,1722022Revenue 2023: $594,281Expenses 2023: $413,245Net Income 2023: $181,0362023Revenue 2024: $275,222Expenses 2024: $424,758Net Income 2024: -$149,5362024

Highlighted filing

2019

Revenue$391,824
Expenses$55,031
Net Income$336,793
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 3, 2020
Return Version
2019v5.0
Gross Receipts
$395,666
Mission and Program Overview

Mission

The purpose is to support all fairbanks north star borough public libraries, to enhance their operations, to encourage and support expansion of library buildings, facilities, and equipment, and to create, manage, and build an investment fund to assist in these endeavors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,072,385$1,494,010▲ $421,625
Savings and Temporary Cash Investments$5,352$91,073▲ $85,721
Inventories for Sale or Use$2,098$445▼ $1,653
Total Assets$1,351,220$1,856,913▲ $505,693
Other Assets Total$271,385$271,385→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,351,220$1,856,913▲ $505,693
Total Net Assets Fund Balance$1,351,220$1,856,913▲ $505,693
Total Liabilities and Net Assets / Fund Balance$1,351,220$1,856,913▲ $505,693

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$271,385--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$45,431-▲ $12,576$2,674$55,333
2018$49,284-▼ $3,853-$45,431
2017-$51,252▲ $232$2,200$49,284
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Michelle DamlPresident
Denise TaylorBoard Member
Jamie FreimanBoard Member
Jeannette GordaBoard Member
Matt CasortBoard Member
Sarah McgowanBoard Member
Tom HeinrichsBoard Member
Joe AllowayDoard Member
Sara MarshallSecretary
Erica JoyceTreasurer
Joe HayesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$327,946
Program Service Revenue
$0
Investment Income
$63,789
Other Revenue
$89
All Other Contributions
$327,946
Change in Net Assets
$336,793
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$40,000
Other Expenses$15,031
Total Fundraising Expense$1,186
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$40,000--$40,000
Fees for Services Accounting-$2,654-$2,654
Occupancy-$1,500-$1,500
Insurance-$1,295-$1,295
Conferences and Meetings-$1,150-$1,150
Office Expenses-$710-$710
Fees for Services Other-$487-$487
Other Expenses$420$201$1,186$420
Information Technology-$198-$198
Advertising-$160-$160
Total Functional Expenses$45,490$8,355$1,186$55,031
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fairbanks North Star BoroughFairbanks, AK-Library Projects$40,000
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
Backup withholding compliance
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
No
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 11B

“Copies of all forms were distributed by email to board members and form 990 was reviewed in a board meeting.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available from fairbanks library foundation. Contact information: po box 72363, fairbanks, ak 99707.”

Filing and Contact Details

Filer

Filer Name
Fairbanks Library Foundation
EIN
92-0072826
Phone
9076873296
Address
PO BOX 72363, FAIRBANKS, AK 99707

Signing Officer

Name
Erica Joyce
Title
Treasurer
Phone
9076873296
Signed
2020-09-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Daml
Formed
1979
Legal Domicile
Ak
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
20

Preparer

Firm
Kohler Schmitt & Hutchison Pc
Address
PO BOX 70607, FAIRBANKS, AK 99707-0607
Preparer
Laurie Gieck
Phone
9074566676
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The purpose is to support all fairbanks north star borough public libraries, to enhance their operations, to encourage and support expansion of library buildings, facilities, and equipment, and to create, manage, and build an investment fund to assist in these endeavors.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Fairbanks library foundation board of directors designated certain investments held through wedbush securities, inc. For use for the webb animal and plant program at the fairbanks north star borough library system. These funds will be used at board discretion for the benefit of all living plants and animals in libraries in the system.”

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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECEIVES MONTHLY REPORTS FROM THE BOROUGH LIBRARY DIRECTOR AND ADMINISTRATOR ON HOW FUNDS HAVE BEEN DISBURSED. RECEIPTS ARE ON FILE FOR DISBURSEMENTS INVOLVING INDIVIDUAL PURCHASES. EQUIPMENT PURCHASED WITH GRANTS IS IN DAILY USE IN BOTH LIBRARIES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE IS TO SUPPORT ALL FAIRBANKS NORTH STAR BOROUGH PUBLIC LIBRARIES, TO ENHANCE THEIR OPERATIONS, TO ENCOURAGE AND SUPPORT EXPANSION OF LIBRARY BUILDINGS, FACILITIES, AND EQUIPMENT, AND TO CREATE, MANAGE, AND BUILD AN INVESTMENT FUND TO ASSIST IN THESE ENDEAVORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES OF ALL FORMS WERE DISTRIBUTED BY EMAIL TO BOARD MEMBERS AND FORM 990 WAS REVIEWED IN A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE FROM FAIRBANKS LIBRARY FOUNDATION. CONTACT INFORMATION: PO BOX 72363, FAIRBANKS, AK 99707.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,856,913
Liabilities
$0
Net assets
$1,856,913
Revenue
$391,824
Expenses
$55,031
Net income
$336,793
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.00$2.52$0.28$0.42$0.15
2023Detailed filing. Detailed filing data is available for this year.$2.54$0.00$2.54$0.59$0.41$0.18
2022Detailed filing. Detailed filing data is available for this year.$2.23$0.00$2.23$0.12$0.03$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.40$0.00$2.40$0.20$0.03$0.17
2020Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$0.07$0.01$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.86$0.00$1.86$0.39$0.06$0.34
2018Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.04$0.03$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.68$0.04$0.64
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.05$0.04$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.04$0.05$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.09$0.14$0.05
2013Summary only. Only limited summary data is available for this year.$0.69$0.00$0.69$0.31$0.03$0.28