Slover Library Foundation: FY2020 Nonprofit Profile & Form 990 (EIN 26-3772819)

Paul D Fraim’s $153K as Chairman & President is at the 96th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Paul D Fraim	$153,000	$149,000	$145,000	$142,000	$140,000	$150,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports a central library for Norfolk.

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3 programs · $595K · in their own filed words · FY2019

01

Investments in the norfolk public library's facilities and technology improvements to support its ongoing mission and activities.

$222Kprogram expense

02

Sponsorship of speakers, exhibits, receptions, performances, and educational events conducted at the norfolk public library throughout the year including national poetry events, nasa science exhibits, nato festival events, political science speaker forums, youth piano recitals, and similar events.

$198Kprogram expense

03

Activities and events in the community to promote the norfolk public library and its programs including sponsorship of educational workshops, decoration of library space for holiday events, development of interactive applications for patrons, distribution of promotional materials, and similar activites.

$176Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2025

Virginia Law FoundationFY2025$15K

Total grants receivedfrom 1 funder$15K

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$661K

Ln 12

Gifts and grantsLn 1h$387K

Investment incomeLn 3$195K

Other incomeLn 4–11$79K

Money outPt IX

$736K

Ln 25

Programscol B$595K

Managementcol C$141K

Owns and owesPt X

$9.0M

net assets · Ln 32

Cash and savingsLn 1–2$408K

Total assetsLn 16$9.0M

LiabilitiesLn 26$28K

PeoplePt VI, VII

13

listed · VII A

PaidVII A1

Voting boardVI 1a13

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$387K

Government grantsLn 1e$35K

Investment incomeLn 3$195K

Other incomeLn 4–11$79K

Gains on assetsLn 7$2K

Total revenueLn 12$661K

Assets in detailPt X, end of year

CashLn 1$408K

Cash and savings togetherLn 1–2$408K

InvestmentsLn 11–13$8.5M

Other assetsLn 15$144K

Total assetsLn 16$9.0M

LiabilitiesLn 26$28K

Net assetsLn 32$9.0M

OperationsPt I, VI

EmployeesI 52

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$292K	$408K
InvestmentsLn 11–13	$8.6M	$8.5M
Total assetsLn 16	$9.1M	$9.0M
LiabilitiesLn 26	$96K	$28K
Net assetsLn 32	$9.0M	$9.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$150K	$142K	$8K
Other salaries and wagesLn 7	$68K		$68K
Payroll taxesLn 10	$16K	$10K	$5K
Accounting feesLn 11c	$27K		$27K
Investment management feesLn 11f	$23K		$23K
Office expensesLn 13	$1K		$1K
InsuranceLn 23	$6K	$6K
Other expenses (24a–d)Ln 24	$445K	$437K	$8K
Total functional expensesLn 25	$736K	$595K	$141K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$342K	$679K	−$337K	$12.2M	990 PDF
FY2024	$292K	$434K	−$142K	$11.4M	990 PDF
FY2023	$28K	$506K	−$477K	$10.5M	990 PDF
FY2022	$615K	$548K	$66K	$9.9M	990 PDF
FY2021	$2.2M	$451K	$1.7M	$11.0M	990 PDF
FY2020 Viewing	$661K	$736K	−$75K	$9.0M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $660,719 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $456,538$386,610

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $16,906$195,475

I-11 Other revenuePrior year $36,610$78,634

I-12 Total revenuePrior year $510,054$660,719

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $230,109$233,617

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $459,861$502,340

I-18 Total expensesPrior year $689,970$735,957

I-19 Revenue less expensesPrior year −$179,916−$75,238

Part VI · Governance 12 of 13 board members independent, 4 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members12

VI-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $660,719 across 9 lines filed

Lines not itemized here account for −$1,526 of total revenue; see the IRS return.

VIII-1b Membership dues$50,078

VIII-1e Government grants$34,600

VIII-1f All other contributions, gifts and grants$301,932

VIII-1h Total contributions, gifts and grants$386,610

VIII-3 Investment incomeExcluded from tax $193,404$193,404

VIII-6 Net rental income or lossExcluded from tax $5,000$5,000

VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,071$2,071

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $75,160$75,160

VIII-12 Total revenueRelated to mission $75,160 · Unrelated business $0 · Excluded from tax $198,949$660,719

Part IX · Statement of functional expenses $735,957 across 8 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $141,700 · Management $8,300$150,000

IX-7 Other salaries and wagesManagement $68,000$68,000

IX-10 Payroll taxesPrograms $10,151 · Management $5,466$15,617

IX-11c Accounting feesManagement $27,238$27,238

IX-11f Investment management feesManagement $22,808$22,808

IX-13 Office expensesManagement $1,056$1,056

IX-23 InsurancePrograms $6,456$6,456

IX-24 Other expenses (24a–d)Programs $436,642 · Management $8,140$444,782

IX-25 Total functional expensesPrograms $594,949 · Management $141,008 · Fundraising $0$735,957

Part X · Balance sheet $9,043,797 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $291,642$407,507

X-8 Inventories for sale or useStart of year $6,260$6,260

X-11 Publicly traded securitiesStart of year $6,498,557$6,518,464

X-12 Other securitiesStart of year $2,053,149$1,967,279

X-15 Other assetsStart of year $130,230$144,287

X-16 Total assetsStart of year $9,069,006$9,043,797

X-17 Accounts payable and accrued expensesStart of year $3,340$3,274

X-25 Other liabilitiesStart of year $25,100$25,100

X-26 Total liabilitiesStart of year $95,590$28,374

X-27 Net assets without donor restrictionsStart of year $8,806,791$8,892,610

X-28 Net assets with donor restrictionsStart of year $166,625$122,813

X-32 Total net assets or fund balancesStart of year $8,973,416$9,015,423

X-33 Total liabilities and net assetsStart of year $9,069,006$9,043,797

Part XI · Reconciliation of net assets $9,015,423 net assets at year end

XI-1 Total revenue$660,719

XI-2 Total expenses$735,957

XI-3 Revenue less expenses−$75,238

XI-4 Net assets at start of year$8,973,416

XI-5 Net unrealized gains (losses) on investments$117,245

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$9,015,423

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Slover Library Foundation FY2020 filing

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