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Peninsula Library Foundation FY2022 filing

Tax-deductible

Peninsula, OH501(c)(3)EIN 34-1751216

To support the peninsula library & historical society through a managed endowment fund.

501(c)(3) charity; gifts are tax-deductible.
50¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $196K a year · 81% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
50%
of spending
Concern: 50% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
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
$204K
-18% vs prior year
Spent
$47K
To programs
50%
Net assets
$2.0M
By yearFY2020–FY2023
Revenue
$204K
FY2022▼ -18%
Revenue by fiscal year
FY2020$230K
FY2021$247K
FY2022$204K
FY2023$292K
Expenses
$47K
FY2022▲ +3%
Expenses by fiscal year
FY2020$41K
FY2021$46K
FY2022$47K
FY2023$54K
Net assets
$2.0M
FY2022▼ -11%
Net assets by fiscal year
FY2020$1.9M
FY2021$2.2M
FY2022$2.0M
FY2023$2.5M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jan 1994.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $24K Management & general 47% · $22K Fundraising 4% · $2K

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Michael Duff
Director
$0Pt VII · Sec A
Walter Herip
Secretary
$0Pt VII · Sec A
Dawn Canda
Vice President
$0Pt VII · Sec A
Delores Quinn
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Tara Schultz
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Peninsula 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

Manages an endowment fund to support the Peninsula Library & Historical Society.

Provided by the organization

This section is blank until Peninsula Library Foundation claims this page.

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1 program service account for $24K of program spending, described in the organization's own filed words · FY2022.
01

The peninsula library foundation solicited and accepted donations to build its endowment fund which directly supports the peninsula library foundation. As responsible stewards of the foundation's resources and to fulfill its mission, the foundation board regularly reviewed investment performance and met with investment advisors.

$24Kprogram expense

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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 · FY2022
Aspen Community FoundationFY2022$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 4 grants · $84K · 2020–2023
Peninsula Library & Historical SocietyOH · FY2023$25,956
Peninsula Library & Historical SocietyOH · FY2022$21,911
Peninsula Library & Historical SocietyOH · FY2021$19,183
Peninsula Library & Historical SocietyOH · FY2020$16,827

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$204K
Ln 12
Gifts and grantsLn 1h$126K
Investment incomeLn 3$78K
Money outPt IX
$47K
Ln 25
Programscol B$24K
Managementcol C$22K
Fundraisingcol D$2K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$2.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$126K
Investment incomeLn 3$78K
Gains on assetsLn 7$4K
Total revenueLn 12$204K
Assets in detailPt X, end of year
CashLn 1$51K
Cash and savings togetherLn 1–2$51K
InvestmentsLn 11–13$1.9M
Total assetsLn 16$2.0M
LiabilitiesLn 26$0
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$52K$51K
InvestmentsLn 11–13$2.2M$1.9M
Total assetsLn 16$2.2M$2.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.2M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22K$22K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$16K$16K
Other fees for servicesLn 11g$5K$2K$2K$2K
Advertising and promotionLn 12$946$946
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$562$562
Total functional expensesLn 25$47K$24K$22K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $292K$54K$239K$2.5M 990 PDF
FY2022 Viewing $204K$47K$156K$2.0M 990 PDF
FY2021 $247K$46K$201K$2.2M 990 PDF
FY2020 $230K$41K$189K$1.9M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $203,677 across 5 lines filed
VIII-1f All other contributions, gifts and grants$125,638
VIII-1h Total contributions, gifts and grants$125,638
VIII-3 Investment incomeExcluded from tax $73,812$73,812
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,227$4,227
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $78,039$203,677
Part IX · Statement of functional expenses $47,470 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $21,911$21,911
IX-11c Accounting feesManagement $1,565$1,565
IX-11f Investment management feesManagement $15,857$15,857
IX-11g Other fees for servicesPrograms $1,733 · Management $1,733 · Fundraising $1,734$5,200
IX-12 Advertising and promotionManagement $946$946
IX-23 InsuranceManagement $1,429$1,429
IX-24 Other expenses (24a–d)Management $562$562
IX-25 Total functional expensesPrograms $23,644 · Management $22,092 · Fundraising $1,734$47,470
Part X · Balance sheet $1,975,778 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $52,364$51,407
X-11 Publicly traded securitiesStart of year $2,178,885$1,924,371
X-16 Total assetsStart of year $2,231,249$1,975,778
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,031,249$1,775,778
X-28 Net assets with donor restrictionsStart of year $200,000$200,000
X-32 Total net assets or fund balancesStart of year $2,231,249$1,975,778
X-33 Total liabilities and net assetsStart of year $2,231,249$1,975,778
Part XI · Reconciliation of net assets $1,975,778 net assets at year end
XI-1 Total revenue$203,677
XI-2 Total expenses$47,470
XI-3 Revenue less expenses$156,207
XI-4 Net assets at start of year$2,231,249
XI-5 Net unrealized gains (losses) on investments−$411,678
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,975,778

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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