Civic Intelligence

Fairbanks Library Foundation

990 • Fiscal year 2022 • EIN 92-0072826

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 09, 2023

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

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

35th percentile

0.03x

Higher debt load relative to revenue than 35% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

95th percentile

75%

Higher net margin than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

25th percentile

-6.9%

Faster asset growth than 25% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-39%

Faster revenue growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$2,234,113

Down $164,572 (-6.9%) from 2021

Net Assets

Down

$2,230,613

Down $165,889 (-6.9%) from 2021

Liabilities

Up

$3,500

Up $1,317 (+60%) from 2021

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin95th percentile

Revenue

Down

$119,498

Down $76,874 (-39%) from 2021

Expenses

Up

$30,326

Up $5,198 (+21%) from 2021

Net Income

Down

$89,172

Down $82,072 (-48%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2022

Assets$2,234,113
Liabilities$3,500
Net Assets$2,230,613
Open 2022 Filing

Operations Trend

Revenue Growth10th 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

2022

Revenue$119,498
Expenses$30,326
Net Income$89,172
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$121,157
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
Cap Stk Tr Prin Current Funds$2,396,502$2,230,613▼ $165,889
Investments in Publicly Traded Securities$2,039,407$1,872,293▼ $167,114
Savings and Temporary Cash Investments$87,848$90,435▲ $2,587
Inventories for Sale or Use$45--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$2,398,685$2,234,113▼ $164,572
Other Assets Total$271,385$271,385→ $0
Liabilities
Grants Payable$2,183$3,500▲ $1,317
Total Liabilities$2,183$3,500▲ $1,317
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,396,502$2,230,613▼ $165,889
Total Liabilities and Net Assets / Fund Balance$2,398,685$2,234,113▼ $164,572

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$271,385--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$82,267-▼ $25,310$2,700$54,257
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
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Michelle DamlPresident
Joe HayesVice President
Cindy BravoBoard Member
Fawn JelinekBoard Member
Jamie FreimanBoard Member
Jeannette GordaBoard Member
Kate RipleyBoard Member
Matt CasortBoard Member
Sara MarshallSecretary
Kristina SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$65,794
Program Service Revenue
$0
Investment Income
$46,515
Other Revenue
$7,189
All Other Contributions
$65,794
Change in Net Assets
$89,172
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$30,326
Total Fundraising Expense$9,328
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees--$9,328$9,328
Fees for Services Accounting-$5,515-$5,515
Occupancy-$1,500-$1,500
Information Technology-$867-$867
Insurance-$850-$850
Office Expenses-$444-$444
Other Expenses$2$3-$5
Total Functional Expenses$10,172$10,826$9,328$30,326
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
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Daml
Formed
1979
Legal Domicile
Ak
Voting Board Members
10
Independent Board Members
10
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

Financial Statement Notes

PART V, LINE 4:

“Intended uses for endowment funds fairbanks library foundation board of directors designated certain investments held through raymond james for use for the webb animal and plant program at the fairbanks north star library 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 414 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. FOR THE TAX YEARS 2022 AND 2021, THE FOUNDATION IS SHY OF HITTING THE AUTOMATIC PUBLIC CHARITY STANDARD OF 33.33 PERCENT UNDER 509(A)(1)/170(B)(1)(A)(VI). IT ACHIEVED 26 AND 19 PERCENT FOR 2022 AND 2021, RESPECTIVELY. THERE WERE A COUPLE OF FACTORS THAT MADE IT DIFFICULT FOR THE ORGANIZATION TO ACHIEVE THE 33.33 PERCENT OR GREATER. DURING 2022 AND 2021, THE ORGANIZATION WAS STILL EXPERIENCING THE EFFECTS OF THE COVID-19 HEALTH EMERGENCY AND DID NOT HAVE ANY EVENTS DURING THE YEAR. THE FAIRBANKS NORTH STAR BOROUGH LIBRARIES WHICH THE ORGANIZATION SUPPORTS WITH PROGRAMS AND FUNDING RESUMED CLOSER TO NORMAL OPERATIONS DURING 2021 AND 2022.THE FOUNDATION HAS BEEN SETTING ASIDE FUNDS FOR A FUTURE EXPANSION PROJECT OF THE PUBLIC LIBRARY THAT IS EXPECTED TO BEGIN IN LATE 2023. THESE ACCUMULATION OF THESE FUNDS HAS CAUSED A SIGNIFICANT INCREASE IN INVESTMENT INCOME.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0139702
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt010455
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt018970
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03477
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0238398
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt034139
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt062884
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt026958
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0209787
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt013028
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01168
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02162
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt010565
IRS990ScheduleA/OtherIncome170Grp/TotalAmt023100
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.19040
IRS990ScheduleA/PublicSupportTotal170Amt0122750
IRS990ScheduleA/SubstantialContributorsTotAmt0115648
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt065794
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0139702
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt010455
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt018970
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03477
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0238398
IRS990ScheduleA/TotalSupportAmt0471285
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt054257
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-25310
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt02700
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt095
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt072646
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt082267
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013747
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt04031
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt072646
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt045431
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3853
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 RAYMOND JAMES FOR USE FOR THE WEBB ANIMAL AND PLANT PROGRAM AT THE FAIRBANKS NORTH STAR LIBRARY 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/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/TotalAssetsGrp/EOYAmt02234113
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt065794
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09328
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010826
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010172
IRS990/TotalFunctionalExpensesGrp/TotalAmt030326
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt02183
IRS990/TotalLiabilitiesGrp/EOYAmt03500
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ReturnHeader/Filer/USAddress/CityNm0FAIRBANKS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AK
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0920117073

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,234,113
Liabilities
$3,500
Net assets
$2,230,613
Revenue
$119,498
Expenses
$30,326
Net income
$89,172
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