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Polo Libraary Foundation Nfpn

Tax-deductible

Polo, IL501(c)(3)EducationEIN 20-1758093

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Public library programs and improvements

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $4K a year · 8% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$64K
+40% vs prior year
Spent
$59K
To programs
84%
Net assets
$786K
By yearFY2021–FY2025
Revenue
$64K
FY2025▲ +40%
Revenue by fiscal year
FY2021$67K
FY2022$49K
FY2023$44K
FY2024$46K
FY2025$64K
Expenses
$59K
FY2025+0.2%
Expenses by fiscal year
FY2021$59K
FY2022$59K
FY2023$58K
FY2024$59K
FY2025$59K
Net assets
$786K
FY2025▲ +0.7%
Net assets by fiscal year
FY2021$816K
FY2022$805K
FY2023$792K
FY2024$780K
FY2025$786K

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $50K Management & general 16% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Margaret Tyne
President
$0Pt VII · Sec A
Greg Cross
Vice President
$0Pt VII · Sec A
Pam White
Secretary
$0Pt VII · Sec A
Ryan Shetler
Treasurer
$0Pt VII · Sec A
See Polo Libraary Foundation Nfpn executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds library programs and improvements to enhance community access to resources.

Provided by the organization

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1 program service account for $50K of program spending, described in the organization's own filed words · FY2024.
01

To provide broader library services and educational opportunities for constituents of polo library

$50Kprogram expense

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By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$64K
Ln 12
Investment incomeLn 3$60K
Gifts and grantsLn 1h$4K
Money outPt IX
$59K
Ln 25
Programscol B$50K
Managementcol C$9K
Owns and owesPt X
$786K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$786K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Investment incomeLn 3$60K
Gains on assetsLn 7$24K
Total revenueLn 12$64K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
InvestmentsLn 11–13$780K
Total assetsLn 16$786K
LiabilitiesLn 26$0
Net assetsLn 32$786K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1K$5K
InvestmentsLn 11–13$779K$780K
Total assetsLn 16$780K$786K
LiabilitiesLn 26$0$0
Net assetsLn 32$780K$786K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$9K$9K
Office expensesLn 13$575$575
Payments to affiliatesLn 21$49K$49K
Other expenses (24a–d)Ln 24$528$500$28
Total functional expensesLn 25$59K$50K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $64K$59K$6K$786K 990 PDF
FY2024 $46K$59K−$12K$780K 990 PDF
FY2023 $44K$58K−$13K$792K 990 PDF
FY2022 $49K$59K−$10K$805K 990 PDF
FY2021 $67K$59K$8K$816K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $64,430 across 5 lines filed
VIII-1f All other contributions, gifts and grants$4,145
VIII-1h Total contributions, gifts and grants$4,145
VIII-3 Investment incomeExcluded from tax $35,927$35,927
VIII-7 Net gain or loss on sales of assetsRelated to mission $24,358$24,358
VIII-12 Total revenueRelated to mission $24,358 · Unrelated business $0 · Excluded from tax $35,927$64,430
Part IX · Statement of functional expenses $58,652 across 4 lines filed
IX-11a Management feesManagement $8,549$8,549
IX-13 Office expensesManagement $575$575
IX-21 Payments to affiliatesPrograms $49,000$49,000
IX-24 Other expenses (24a–d)Programs $500 · Management $28$528
IX-25 Total functional expensesPrograms $49,500 · Management $9,152 · Fundraising $0$58,652
Part X · Balance sheet $785,563 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $1,254$5,299
X-12 Other securitiesStart of year $778,531$780,264
X-16 Total assetsStart of year $779,785$785,563
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $779,785$785,563
X-33 Total liabilities and net assetsStart of year $779,785$785,563
Part XI · Reconciliation of net assets $785,563 net assets at year end
XI-1 Total revenue$64,430
XI-2 Total expenses$58,652
XI-3 Revenue less expenses$5,778
XI-4 Net assets at start of year$779,785
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$785,563

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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