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Elkader Public Library Foundation

Tax-deductible

Elkader, IA501(c)(3)EducationEIN 26-1499423Revenue $125K in FY2025

On file with the IRS130 N Main St, 52043-7716 · Elkader, IATax-exempt since Apr 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Provide financial assistance to Elkader Public Library

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
1 of 2
filings with a surplus
Average surplus $22K a year · 21% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 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
$125K
+40% vs prior year
Spent
$154K
To programs
97%
Net assets
$700K
By yearFY2024–FY2025
Revenue
$125K
FY2025▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2024$89K
FY2025$125K
Expenses
$154K
FY2025▲ +835%
Tap a bar for its year
Expenses by fiscal year
FY2024$16K
FY2025$154K
Net assets
$700K
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2024$729K
FY2025$700K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2010-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Apr 2014.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $149K Management & general 3% · $4K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Sue Stott
President
$0Pt VII · Sec A
Katie Schupbach
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Courtney Vorwald
City Representative
$0Pt VII · Sec A
Jennifer Cowsert
Council Representative
$0Pt VII · Sec A
Samantha Schwarz
Library Director
$0Pt VII · Sec A
See Elkader Public Library Foundation 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

Elkader Public Library Foundation is an education nonprofit based in Elkader, IA.

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Provided by the organization

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1 program · $149K · in their own filed words · FY2025
01

Provide financial assistance to elkader public library

$149Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $161K · 2024–2025
Elkader Public LibraryFY2025$149,312
Elkader Public LibraryFY2024$11,367

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$125K
Ln 12
Investment incomeLn 3$122K
Gifts and grantsLn 1h$3K
Money outPt IX
$154K
Ln 25
Programscol B$149K
Managementcol C$4K
Owns and owesPt X
$700K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$700K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Investment incomeLn 3$122K
Total revenueLn 12$125K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$21K
Cash and savings togetherLn 1–2$22K
InvestmentsLn 11–13$678K
Total assetsLn 16$700K
LiabilitiesLn 26$0
Net assetsLn 32$700K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
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$8K$22K
InvestmentsLn 11–13$720K$678K
Total assetsLn 16$729K$700K
LiabilitiesLn 26$0$0
Net assetsLn 32$729K$700K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$149K$149K
Investment management feesLn 11f$4K$4K
Total functional expensesLn 25$154K$149K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $125K$154K−$29K$700K 990 PDF
FY2024 $89K$16K$73K$729K 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 (6 parts)
Part I · Summary $125,008 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,000$3,291
I-9 Program service revenue$0
I-10 Investment incomePrior year $86,255$121,717
I-11 Other revenue$0
I-12 Total revenuePrior year $89,255$125,008
I-13 Grants and similar amounts paidPrior year $11,367$149,312
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,056$4,222
I-18 Total expensesPrior year $16,423$153,534
I-19 Revenue less expensesPrior year $72,832−$28,526
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 $125,008 across 5 lines filed
VIII-1f All other contributions, gifts and grants$3,291
VIII-1h Total contributions, gifts and grants$3,291
VIII-3 Investment incomeExcluded from tax $121,717$121,717
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $121,717$125,008
Part IX · Statement of functional expenses $153,534 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $149,312$149,312
IX-11f Investment management feesManagement $4,222$4,222
IX-25 Total functional expensesPrograms $149,312 · Management $4,222 · Fundraising $0$153,534
Part X · Balance sheet $700,113 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $4,591$1,320
X-2 Savings and temporary cash investmentsStart of year $3,754$21,138
X-11 Publicly traded securitiesStart of year $720,294$677,655
X-16 Total assetsStart of year $728,639$700,113
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $728,639$700,113
X-33 Total liabilities and net assetsStart of year $728,639$700,113
Part XI · Reconciliation of net assets $700,113 net assets at year end
XI-1 Total revenue$125,008
XI-2 Total expenses$153,534
XI-3 Revenue less expenses−$28,526
XI-4 Net assets at start of year$728,639
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$700,113

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

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