philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Polo Libraary Foundation Nfpn FY2023 filing

Tax-deductible

Polo, IL501(c)(3)EducationEIN 20-1758093Revenue $44K in FY2023

On file with the IRS302 W Mason St, 61064-1417 · Polo, ILTax-exempt since May 2005Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Public library programs and improvements

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 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
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$44K
-9% vs prior year
Spent
$58K
To programs
85%
Net assets
$792K
By yearFY2021–FY2025
Revenue
$44K
FY2023▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2021$67K
FY2022$49K
FY2023$44K
FY2024$46K
FY2025$64K
Expenses
$58K
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2021$59K
FY2022$59K
FY2023$58K
FY2024$59K
FY2025$59K
Net assets
$792K
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$816K
FY2022$805K
FY2023$792K
FY2024$780K
FY2025$786K

From the FY2023 Form 990 (year ending June 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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

85 cents of each dollar spent went to programs.

Program services 85% · $49K Management & general 15% · $9K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Paul Mitchell
President
$0Pt VII · Sec A
Greg Cross
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Pam White
Secretary
$0Pt VII · Sec A
Jan Bates
Trustee
$0Pt VII · Sec A
Ryan Shetler
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Polo Libraary Foundation Nfpn executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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.

Questions for Polo Libraary Foundation Nfpn

Tap to ask. Polo Libraary Foundation Nfpn sees how many people are interested.

Your first name shows with your question. Polo Libraary Foundation Nfpn answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $49K · in their own filed words · FY2022
01

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

$49Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$44K
Ln 12
Investment incomeLn 3$44K
Money outPt IX
$58K
Ln 25
Programscol B$49K
Managementcol C$9K
Owns and owesPt X
$792K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$792K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$44K
Gains on assetsLn 7$8K
Total revenueLn 12$44K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
InvestmentsLn 11–13$787K
Total assetsLn 16$792K
LiabilitiesLn 26$0
Net assetsLn 32$792K
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 FY23End FY23
Cash and savingsLn 1–2$5K$5K
InvestmentsLn 11–13$800K$787K
Total assetsLn 16$805K$792K
LiabilitiesLn 26$0$0
Net assetsLn 32$805K$792K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$8K$8K
Other fees for servicesLn 11g$135$135
Office expensesLn 13$643$643
Payments to affiliatesLn 21$49K$49K
Total functional expensesLn 25$58K$49K$9K$0

Filing history

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

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (6 parts)
Part I · Summary $44,394 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $100$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $48,770$44,394
I-11 Other revenue$0
I-12 Total revenuePrior year $48,870$44,394
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $59,138$57,566
I-18 Total expensesPrior year $59,138$57,566
I-19 Revenue less expensesPrior year −$10,268−$13,172
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $44,394 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $36,378$36,378
VIII-7 Net gain or loss on sales of assetsRelated to mission $8,016$8,016
VIII-12 Total revenueRelated to mission $8,016 · Excluded from tax $36,378$44,394
Part IX · Statement of functional expenses $57,566 across 4 lines filed
IX-11f Investment management feesManagement $7,788$7,788
IX-11g Other fees for servicesManagement $135$135
IX-13 Office expensesManagement $643$643
IX-21 Payments to affiliatesPrograms $49,000$49,000
IX-25 Total functional expensesPrograms $49,000 · Management $8,566 · Fundraising $0$57,566
Part X · Balance sheet $792,144 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $4,870$4,822
X-12 Other securitiesStart of year $800,446$787,322
X-16 Total assetsStart of year $805,316$792,144
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $805,316$792,144
X-33 Total liabilities and net assetsStart of year $805,316$792,144
Part XI · Reconciliation of net assets $792,144 net assets at year end
XI-1 Total revenue$44,394
XI-2 Total expenses$57,566
XI-3 Revenue less expenses−$13,172
XI-4 Net assets at start of year$805,316
XI-10 Net assets at end of year$792,144

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.