Civic Intelligence

Fairbanks Library Foundation

990 • Fiscal year 2021 • EIN 92-0072826

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

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

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

66th percentile

19%

Faster asset growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

92nd percentile

169%

Faster revenue growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,398,685

Up $376,356 (+19%) from 2020

Net Assets

Up

$2,396,502

Up $374,173 (+19%) from 2020

Liabilities

Up

$2,183

Up $2,183 from 2020

Revenue

Up

$196,372

Up $123,388 (+169%) from 2020

Expenses

Up

$25,128

Up $16,741 (+200%) from 2020

Net Income

Up

$171,244

Up $106,647 (+165%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$2,398,685
Liabilities$2,183
Net Assets$2,396,502

Operations Trend

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

2021

Revenue$196,372
Expenses$25,128
Net Income$171,244
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$197,994
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$1,653,152$2,039,407▲ $386,255
Savings and Temporary Cash Investments$97,747$87,848▼ $9,899
Inventories for Sale or Use$45$45→ $0
Total Assets$2,022,329$2,398,685▲ $376,356
Other Assets Total$271,385$271,385→ $0
Liabilities
Grants Payable$0$2,183▲ $2,183
Total Liabilities$0$2,183▲ $2,183
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,022,329$2,396,502▲ $374,173
Total Net Assets Fund Balance$2,022,329$2,396,502▲ $374,173
Total Liabilities and Net Assets / Fund Balance$2,022,329$2,398,685▲ $376,356

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$271,385--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$72,646-▲ $13,747$4,031$82,267
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

Board Members and Trustees

NameTitle
Michelle DamlPresident
Joe HayesVice President
Jamie FreimanBoard Member
Jeannette GordaBoard Member
Kate RipleyBoard Member
Matt CasortBoard Member
Sarah McgowanBoard Member
Sara MarshallSecretary
Kristina SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$139,702
Program Service Revenue
$0
Investment Income
$54,854
Other Revenue
$1,816
All Other Contributions
$139,702
Change in Net Assets
$171,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,128
Total Fundraising Expense$12,370
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other--$12,370$12,370
Fees for Services Accounting-$7,431-$7,431
Other Expenses$2,338--$2,338
Information Technology-$1,327-$1,327
Insurance-$1,090-$1,090
Office Expenses-$572-$572
Total Functional Expenses$2,338$10,420$12,370$25,128
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
Michelle Daml
Title
President
Phone
9076873296
Signed
2022-11-15

Organization Details

Principal Officer
Michelle Daml
Formed
1979
Legal Domicile
Ak
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
10

Preparer

Firm
Alliance Cpas LLC
Address
119 NORTH CUSHMAN ST SUITE 300, FAIRBANKS, AK 99701
Preparer
Kathleen a R Thompson
Phone
9074567762
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Fundraising fees: program service expenses 0. Management and general expenses 0. Fundraising expenses 12,340. Total expenses 12,340. Business registration fees: program service expenses 0. Management and general expenses 0. Fundraising expenses 30. Total expenses 30.

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.

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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/PublicSupportPY170Pct00.26010
IRS990ScheduleA/PublicSupportTotal170Amt078726
IRS990ScheduleA/SubstantialContributorsTotAmt0117964
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0139702
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt010455
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt018970
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03477
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt024086
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0196690
IRS990ScheduleA/TotalSupportAmt0413406
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/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt095
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt072646
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt082267
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt013747
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt04031
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt055333
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt072646
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt020273
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt02960
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt045431
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt055333
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012576
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt02674
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt049284
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt045431
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3853
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt051252
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt049284
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0232
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt02200
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0271385
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ARTWORK
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTENDED 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.
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/ExplanationTxt2FUNDRAISING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 12,340. TOTAL EXPENSES 12,340. BUSINESS REGISTRATION FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 30. TOTAL EXPENSES 30.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02022329
IRS990/TotalAssetsEOYAmt02398685
IRS990/TotalAssetsGrp/BOYAmt02022329
IRS990/TotalAssetsGrp/EOYAmt02398685
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0139702
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012370
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010420
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02338
IRS990/TotalFunctionalExpensesGrp/TotalAmt025128
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt02183
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02183
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02022329
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02396502
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02338
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt054854
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01816
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0196372
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02022329
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02398685
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 72363
IRS990/USAddress/CityNm0FAIRBANKS
IRS990/USAddress/StateAbbreviationCd0AK
IRS990/USAddress/ZIPCd099707
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0HTTP://THELIBRARYFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHELLE DAML
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09076873296
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAIRBANKS LIBRARY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FAIR
ReturnHeader/Filer/EIN0920072826
ReturnHeader/Filer/PhoneNum09076873296
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 72363
ReturnHeader/Filer/USAddress/CityNm0FAIRBANKS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AK
ReturnHeader/Filer/USAddress/ZIPCd099707
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0920117073
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALLIANCE CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0119 NORTH CUSHMAN ST SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAIRBANKS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd099701
ReturnHeader/PreparerPersonGrp/PhoneNum09074567762
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHLEEN A R THOMPSON
ReturnHeader/ReturnTs02022-11-15T17:19:58-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHELLE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DAML
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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