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Way Public Library Foundation

Tax-deductible

Perrysburg, OH501(c)(3)EducationEIN 34-1712599Revenue $531K in FY2024

On file with the IRSwaylibrary.info101 E Indiana Ave, 43551-2262 · Perrysburg, OHTax-exempt since Mar 1993Supporting org, Type III (functionally integrated) — 509(a)(3)

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To support Way Public Library by funding projects that encourage children and young adults to cultivate a life-long enthusiasm for reading and learning, by supporting collections, programs, and services, and by acting as advocate for sustaining Library services.

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $392K a year · 63% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$531K
+79% vs prior year
Spent
$278K
To programs
51%
Net assets
$5.2M
By yearFY2020–FY2024
Revenue
$531K
FY2024▲ +79%
Tap a bar for its year
Revenue by fiscal year
FY2020$334K
FY2021$1.4M
FY2022$602K
FY2023$298K
FY2024$531K
Expenses
$278K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$171K
FY2021$236K
FY2022$222K
FY2023$258K
FY2024$278K
Net assets
$5.2M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$4.5M
FY2022$4.9M
FY2023$4.9M
FY2024$5.2M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1993.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $143K Management & general 33% · $91K Fundraising 16% · $44K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
Janel Haas
Treasurer
$0Pt VII · Sec A
Lisa Richard
Administrato
$0Pt VII · Sec A
Bill Davis
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Terri Lee
Trustee/Vice
$0Pt VII · Sec A
See Way 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

Funds library projects encouraging children and young adults to love reading and learning.

Questions for Way Public Library Foundation

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Provided by the organization

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1 program · $143K · in their own filed words · FY2024
01

Provide funding for collection materials, equipment, children's services, public programs, classes for a minimal fee and property maintenance and renovations to support the library.

$143Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Thrivent Charitable Impact & InvestingFY2024$16K
Total grants receivedfrom 1 funder$16K
Grants paid · 5 grants · $584K · 2020–2024
Way Public LibraryFY2024$137,769
Way Public LibraryFY2023$135,475
Way Public LibraryFY2022$103,609
Way Public LibraryFY2021$127,907
Way Public LibraryFY2020$79,454

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$531K
Ln 12
Investment incomeLn 3$342K
Gifts and grantsLn 1h$139K
Fees for servicesLn 2g$37K
Money outPt IX
$278K
Ln 25
Programscol B$143K
Managementcol C$91K
Fundraisingcol D$44K
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$148K
Total assetsLn 16$5.2M
LiabilitiesLn 26$9K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$139K
Fees for servicesLn 2g$37K
Investment incomeLn 3$342K
Other incomeLn 4–11$14K
Gains on assetsLn 7$142K
Total revenueLn 12$531K
Assets in detailPt X, end of year
CashLn 1$148K
Cash and savings togetherLn 1–2$148K
InvestmentsLn 11–13$4.5M
Land, buildings, equipmentLn 10c$550K
Total assetsLn 16$5.2M
LiabilitiesLn 26$9K
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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
LineStart FY24End FY24
Cash and savingsLn 1–2$250$148K
InvestmentsLn 11–13$4.9M$4.5M
Land, buildings, equipmentLn 10c$550K
Total assetsLn 16$4.9M$5.2M
LiabilitiesLn 26$902$9K
Net assetsLn 32$4.9M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$138K$138K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$28K$28K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$101K$5K$53K$43K
All other expensesLn 24e$3K$2K$1K
Total functional expensesLn 25$278K$143K$91K$44K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $531K$278K$254K$5.2M 990 PDF
FY2023 $298K$258K$39K$4.9M 990 PDF
FY2022 $602K$222K$380K$4.9M 990 PDF
FY2021 $1.4M$236K$1.1M$4.5M 990 PDF
FY2020 $334K$171K$163K$3.4M 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 FY2024 990 (6 parts)
Part I · Summary $531,321 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $98,075$139,175
I-9 Program service revenuePrior year $33,595$37,112
I-10 Investment incomePrior year $165,832$341,504
I-11 Other revenue$13,530
I-12 Total revenuePrior year $297,502$531,321
I-13 Grants and similar amounts paidPrior year $135,475$137,769
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $122,876$140,048
I-18 Total expensesPrior year $258,351$277,817
I-19 Revenue less expensesPrior year $39,151$253,504
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $531,321 across 7 lines filed
VIII-1f All other contributions, gifts and grants$139,175
VIII-1h Total contributions, gifts and grants$139,175
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,112$37,112
VIII-3 Investment incomeExcluded from tax $199,739$199,739
VIII-6 Net rental income or lossUnrelated business $13,530$13,530
VIII-7 Net gain or loss on sales of assetsRelated to mission $27,029 · Excluded from tax $114,736$141,765
VIII-12 Total revenueRelated to mission $64,141 · Unrelated business $13,530 · Excluded from tax $314,475$531,321
Part IX · Statement of functional expenses $277,817 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $137,769$137,769
IX-11c Accounting feesManagement $5,775$5,775
IX-11f Investment management feesManagement $28,239$28,239
IX-23 InsuranceManagement $1,722$1,722
IX-24 Other expenses (24a–d)Programs $5,118 · Management $53,239 · Fundraising $43,104$101,461
IX-24e All other expensesManagement $1,584 · Fundraising $1,267$2,851
IX-25 Total functional expensesPrograms $142,887 · Management $90,559 · Fundraising $44,371$277,817
Part X · Balance sheet $5,199,010 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $250$147,699
X-10c Land, buildings and equipment, net$549,784
X-11 Publicly traded securitiesStart of year $4,863,877$4,501,527
X-16 Total assetsStart of year $4,937,777$5,199,010
X-17 Accounts payable and accrued expensesStart of year $902$1,124
X-25 Other liabilities$7,886
X-26 Total liabilitiesStart of year $902$9,010
X-32 Total net assets or fund balancesStart of year $4,936,875$5,190,000
X-33 Total liabilities and net assetsStart of year $4,937,777$5,199,010
Part XI · Reconciliation of net assets $5,190,000 net assets at year end
XI-1 Total revenue$531,321
XI-2 Total expenses$277,817
XI-3 Revenue less expenses$253,504
XI-4 Net assets at start of year$4,936,875
XI-9 Other changes in net assets−$379
XI-10 Net assets at end of year$5,190,000

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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