Civic Intelligence

Fairbanks Library Foundation

990 • Fiscal year 2020 • EIN 92-0072826

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 11, 2021

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.

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

97th percentile

89%

Higher net margin than 97% 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

57th percentile

8.9%

Faster asset growth than 57% of similar nonprofits.

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

Revenue Growth

2nd percentile

-81%

Faster revenue growth than 2% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$2,022,329

Up $165,416 (+8.9%) from 2019

Net Assets

Up

$2,022,329

Up $165,416 (+8.9%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin97th percentile

Revenue

Down

$72,984

Down $318,840 (-81%) from 2019

Expenses

Down

$8,387

Down $46,644 (-85%) from 2019

Net Income

Down

$64,597

Down $272,196 (-81%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2020

Assets$2,022,329
Liabilities$0
Net Assets$2,022,329
Open 2020 Filing

Operations Trend

Revenue Growth2nd 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

2020

Revenue$72,984
Expenses$8,387
Net Income$64,597
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 11, 2021
Return Version
2020v4.1
Gross Receipts
$75,036
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.

To support all fairbanks north star borough public libraries

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,494,010$1,653,152▲ $159,142
Savings and Temporary Cash Investments$91,073$97,747▲ $6,674
Inventories for Sale or Use$445$45▼ $400
Total Assets$1,856,913$2,022,329▲ $165,416
Other Assets Total$271,385$271,385→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,856,913$2,022,329▲ $165,416
Total Net Assets Fund Balance$1,856,913$2,022,329▲ $165,416
Total Liabilities and Net Assets / Fund Balance$1,856,913$2,022,329▲ $165,416

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$271,385--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$55,333-▲ $20,273$2,960$72,646
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 Pay37th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$10,455
Program Service Revenue
$0
Investment Income
$58,361
Other Revenue
$4,168
All Other Contributions
$10,455
Change in Net Assets
$64,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,387
Total Fundraising Expense$466
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses-$3,106-$3,106
Information Technology-$1,723-$1,723
Occupancy-$1,500-$1,500
Insurance-$840-$840
Other Expenses$582-$466$466
Conferences and Meetings-$100-$100
Advertising-$70-$70
Total Functional Expenses$582$7,339$466$8,387
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, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section C, 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
2021-08-11

Organization Details

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

Preparer

Firm
Alliance Cpas LLC
Address
119 NORTH CUSHMAN ST SUITE 300, FAIRBANKS, AK 99701
Preparer
Laurie Gieck
Phone
9074567762
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Intended uses for endowment funds 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 libray system. These funds will be used at board discretion for the benefit of all living plants and animals in libraries in the system.”

Raw XML AppendixShowing 400 of 404 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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IRS990ScheduleA/FactsAndCircumstancesTestTxt0FAIRBANKS LIBRARY FOUNDATION IS A PUBLICLY SUPPORTED ORGANIZATION. DURING 2020, THE ORGANIZATION WAS UNABLE TO HAVE FUNDRAISERS AS IN PAST YEARS DUE TO THE COVID-19 PANDEMIC. THE FAIRBANKS NORTH STAR BOROUGH LIBRARIES WHICH THE ORGANIZATION SUPPORTS WITH PROGRAMS AND FUNDING WAS ALSO CLOSED FOR THE MAJORITY OF 2020.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SUPPLEMENTAL INFORMATION PART II, LINE 1- UNUSUAL DONATION NOT INCLUDED ON LINE 1: YEAR 2017-$600,000 YEAR 2019-$308,976
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt026387
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt083375
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt062884
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt026958
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt017248
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07343
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0148572
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt022298
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01168
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02162
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt010565
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt019244
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt013478
IRS990ScheduleA/OtherIncome170Grp/TotalAmt046617
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.26010
IRS990ScheduleA/PublicSupportPY170Pct00.29400
IRS990ScheduleA/PublicSupportTotal170Amt072446
IRS990ScheduleA/SubstantialContributorsTotAmt010929
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010455
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt018970
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt024086
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt026387
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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012576
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt02674
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt045431
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3853
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt051252
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0232
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ARTWORK
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0271385
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES OF ALL FORMS WERE DISTRIBUTED BY EMAIL TO BOARD MEMBERS AND FORM 990 WAS REVIEWED IN A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE AVAILABLE FROM FAIRBANKS LIBRARY FOUNDATION. CONTACT INFORMATION: PO BOX 72363, FAIRBANKS, AK 99707.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07339
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0582
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IRS990/TotalVolunteersCnt00
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/ReturnTs02021-09-02T12:41:39-05:00
ReturnHeader/ReturnTypeCd0990
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Filings

Displayed year

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

Open filing
Assets
$2,022,329
Liabilities
$0
Net assets
$2,022,329
Revenue
$72,984
Expenses
$8,387
Net income
$64,597
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