Columbus Library Foundation EIN 23-7135275 Form 990 (PDF) Claim this org

Columbus Library Foundation

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Offers financial aid to the Columbus Public Library. For fiscal year 2024 it reported $350K in revenue, $37K in expenses, and $2.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Columbus, NE
Website
www.columbusne.us/library
Filings
5 on file (2020–2024)
Revenue
$350KFY2024
Expenses
$37K
Net assets
$2.3M
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7135275 Public charity (501(c)(3)) Columbus, NE
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers financial aid to the Columbus Public Library.
Leadership
Karin Ashley · President
Money in and out
$350K revenue, $37K expenses
Bottom line
61% program efficiency
Where the money goes · FY2024
Total revenue
$350K
Pt VIII · Ln 12
Total expenses
$37K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $313K
Where spending went · Part IX cols B–D
Program services $0.61 Management & general $0.39
Program efficiency
61%
of spending reaches programs▼ -39% vs prior filing year
Operating runway
734.7mo
months of highly liquid reserves at operating expense rate▲ ×156 vs prior filing year
Surplus margin
+89%
revenue over expenses, this year▲ +150% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$350K
FY2024▼ -79%
Expenses
$37K
FY2024▼ -99%
Total assets
$2.3M
FY2024▲ +25%
Total liabilities
$0
FY2024
Total revenue
$350K
Pt VIII · Ln 12
Total expenses
$37K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$313K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CColumbus Library Foundation
EINHdr · item D23-7135275
Principal addressHdr · item CColumbus, NE
WebsiteHdr · item Jwww.columbusne.us/library
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Columbus Library Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $23K of program spending, described in the organization's own filed words · FY2024.
01

To provide financial support to the columbus public library

$23Kprogram expense

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Statement of Revenue

Part VIII
Investment income$262K · 75%
Contributions & grants$88K · 25%
Investment income75%$262K
Contributions & grants25%$88K
Total revenueLn 12$350K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.39
Program services61%$23K
Management & general39%$15K
Total functional expensesLn 25$37K

Balance Sheet

Part X · end of year
CashLn 1$787K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.3M
Months of cash on handcomputed252.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.3M · Operating expenses/yr $37K
734.7 months
Where the money goes
Program services
Program services $23K · Total expenses $37K
61%
Management & General
Management & general $15K · Total expenses $37K
39%
Fundraising
Fundraising $0 · Total expenses $37K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $766K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $88K · Total revenue $350K
25%
Government reliance
Government grants — · Total revenue $350K
Earned-income share
Program service revenue $0 · Total revenue $350K
0%
Investment reliance
Investment income $262K · Total revenue $350K
+75%
Program self-sufficiency
Program service revenue $0 · Total expenses $37K
0%
Growth & trend
Revenue growth (YoY)
This year $350K · Prior year $1.7M
-79%
Revenue CAGR
FY2020 $149K · FY2024 $350K
+24%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $350K · Expenses $37K
+89%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.4M · Other securities (Pt X, ln 12) $53K · Total assets (Pt X, ln 16) $2.3M
66%
People & payroll
Highest Reported Total Compensation
Individual Karin Ashley · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $37K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $37K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 61%
Overhead ratio 39%
Fundraising cost ratio 0%
Revenue growth -79%
Investment management fee ratio 0.5%
Accounting fee ratio 8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$500K
Grants paid · 2 grants · $4.7M · 2023–2024
Columbus Public LibraryFY2024$22,791
Columbus Public LibraryFY2023$4,700,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$350K revenue · viewing · ⤓ 990 PDF
FY2023$1.7M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$905K revenue · ⤓ 990 PDF
FY2020$149K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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