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Monroe County Public Library Foundation INC

Tax-deductible

Bloomington, IN501(c)(3)Community DevelopmentEIN 35-1892355Revenue $350K in FY2024

On file with the IRSmcpl.info/friends303 E Kirkwood Ave, 47408-3534 · Bloomington, INTax-exempt since Nov 1993Publicly supported — 509(a)(2)

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Raise funds to support the Monroe County Public Library and its programs

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 85 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
4 of 5
filings with a surplus
Average surplus $63K a year · 19% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $48K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$344
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$350K
-3% vs prior year
Spent
$343K
To programs
74%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$350K
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$213K
FY2021$470K
FY2022$319K
FY2023$359K
FY2024$350K
Expenses
$343K
FY2024▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$253K
FY2021$245K
FY2022$287K
FY2023$266K
FY2024$343K
Net assets
$1.8M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.8M
FY2022$1.5M
FY2023$1.7M
FY2024$1.8M

From the FY2024 Form 990 · see the original

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Is it real?

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

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $255K Management & general 25% · $85K Fundraising 1% · $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

16 people listed on the 990.

Part VII, Section A · reportable compensation
Neil Klein
President
$0Pt VII · Sec A
Patsy B Rahn
President 20
$0Pt VII · Sec A
Harriet Castrataro
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Samantha Eads
Treasurer
$0Pt VII · Sec A
Irene Bull
Board Member
$0Pt VII · Sec A
Ann Bunger
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Monroe County Public Library Foundation INC 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 libraries and their programs to enrich community learning and access.

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Provided by the organization

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2 programs · $255K · in their own filed words · FY2024
01

To assist with programs and services for monroe county residents through the monroe county public library. In 2023, MCPL utilized the grant to purchase collections requested by patrons, to support the vital tutoring program for adult learners, financial and investor education needs of library patrons, to purchase needed equipment for…

$192Kprogram expense
02

The above costs were associated with a weekly sale of donated books to raise funds which support programs offered by the monroe county public library.

$62Kprogram 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
Network for Good INCFY2024$27K
Donor Advised Charitable Giving INCFY2024$15K
Fidelity Investments Charitable Gift FundFY2024$7K
Total grants receivedfrom 3 funders$48K
See all 3 funders →
Grants paid · 37 grants · $644K · 2020–2024
Monroe Co Public LibraryFY2024$83,632
Monroe Co Public LibraryFY2024$25,174
Monroe Co Public LibraryFY2024$20,793
Monroe Co Public LibraryFY2024$16,801
Monroe Co Public LibraryFY2024$14,499
Monroe Co Public LibraryFY2024$11,500
Monore Co Pubilc LibraryFY2024$8,497
Monroe Co Public LibraryFY2024$6,293
Monroe Co Public LibraryFY2023$23,245
Monroe Co Public LibraryFY2023$14,829
Monroe Co Public LibraryFY2023$13,230
Monroe Co Public LibraryFY2023$12,061
Monroe Co Public LibraryFY2023$10,315
Monore Co Pubilc LibraryFY2023$9,841
Monroe Co Public LibraryFY2023$9,570
Monore Co Public LibraryFY2023$5,210
Monroe Co Public LibraryFY2022$45,838
Monroe Co Public LibraryFY2022$28,252
See all 37 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$350K
Ln 12
Gifts and grantsLn 1h$183K
Fees for servicesLn 2g$131K
Investment incomeLn 3$63K
Money outPt IX
$343K
Ln 25
Programscol B$255K
Managementcol C$85K
Fundraisingcol D$4K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$167K
Total assetsLn 16$1.8M
LiabilitiesLn 26$344
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$183K
Fees for servicesLn 2g$131K
Investment incomeLn 3$63K
Gains on assetsLn 7$16K
Total revenueLn 12$350K
Assets in detailPt X, end of year
CashLn 1$100K
SavingsLn 2$67K
Cash and savings togetherLn 1–2$167K
InvestmentsLn 11–13$1.6M
Other assetsLn 15$28K
Total assetsLn 16$1.8M
LiabilitiesLn 26$344
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 685
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 FY24End FY24
Cash and savingsLn 1–2$164K$167K
InvestmentsLn 11–13$1.5M$1.6M
Total assetsLn 16$1.7M$1.8M
LiabilitiesLn 26$2K$344
Net assetsLn 32$1.7M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$192K$192K
Other salaries and wagesLn 7$94K$41K$53K
Pension plan contributionsLn 8$13K$6K$8K
Other employee benefitsLn 9$13K$7K$6K
Payroll taxesLn 10$7K$3K$4K
Legal feesLn 11b$730$730
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$115$108$7
Office expensesLn 13$4K$922−$7$3K
Other expenses (24a–d)Ln 24$16K$4K$11K$369
All other expensesLn 24e$100$100
Total functional expensesLn 25$343K$255K$85K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $350K$343K$6K$1.8M 990 PDF
FY2023 $359K$266K$93K$1.7M 990 PDF
FY2022 $319K$287K$32K$1.5M 990 PDF
FY2021 $470K$245K$225K$1.8M 990 PDF
FY2020 $213K$253K−$40K$1.5M 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 FY2024 990 (6 parts)
Part I · Summary $349,532 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $182,548$182,918
I-9 Program service revenuePrior year $137,845$130,748
I-10 Investment incomePrior year $37,976$63,282
I-11 Other revenuePrior year $745−$27,416
I-12 Total revenuePrior year $359,114$349,532
I-13 Grants and similar amounts paidPrior year $103,851$192,375
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $139,644$127,832
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $22,784$23,145
I-18 Total expensesPrior year $266,279$343,352
I-19 Revenue less expensesPrior year $92,835$6,180
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $349,532 across 8 lines filed
Lines not itemized here account for −$9,110 of total revenue; see the IRS return.
VIII-1b Membership dues$35,196
VIII-1f All other contributions, gifts and grants$147,722
VIII-1h Total contributions, gifts and grants$182,918
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $130,748$130,748
VIII-3 Investment incomeExcluded from tax $47,537$47,537
VIII-7 Net gain or loss on sales of assetsExcluded from tax $15,745$15,745
VIII-8 Net income from fundraising eventsExcluded from tax −$18,306−$18,306
VIII-12 Total revenueRelated to mission $130,748 · Excluded from tax $35,866$349,532
Part IX · Statement of functional expenses $343,352 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $192,375$192,375
IX-7 Other salaries and wagesPrograms $41,028 · Management $52,962$93,990
IX-8 Pension plan contributionsPrograms $5,826 · Management $7,521$13,347
IX-9 Other employee benefitsPrograms $7,079 · Management $6,226$13,305
IX-10 Payroll taxesPrograms $3,139 · Management $4,051$7,190
IX-11b Legal feesManagement $730$730
IX-11c Accounting feesManagement $2,560$2,560
IX-12 Advertising and promotionPrograms $108 · Fundraising $7$115
IX-13 Office expensesPrograms $922 · Management −$7 · Fundraising $3,178$4,093
IX-24 Other expenses (24a–d)Programs $4,052 · Management $11,126 · Fundraising $369$15,547
IX-24e All other expensesPrograms $100$100
IX-25 Total functional expensesPrograms $254,629 · Management $85,169 · Fundraising $3,554$343,352
Part X · Balance sheet $1,772,697 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $147,182$99,563
X-2 Savings and temporary cash investmentsStart of year $16,726$67,236
X-8 Inventories for sale or useStart of year $1,397$825
X-11 Publicly traded securitiesStart of year $1,506,251$1,576,588
X-15 Other assetsStart of year $27,799$28,485
X-16 Total assetsStart of year $1,699,355$1,772,697
X-25 Other liabilitiesStart of year $1,846$344
X-26 Total liabilitiesStart of year $1,846$344
X-27 Net assets without donor restrictionsStart of year $1,213,451$1,288,203
X-28 Net assets with donor restrictionsStart of year $484,058$484,150
X-32 Total net assets or fund balancesStart of year $1,697,509$1,772,353
X-33 Total liabilities and net assetsStart of year $1,699,355$1,772,697
Part XI · Reconciliation of net assets $1,772,353 net assets at year end
XI-1 Total revenue$349,532
XI-2 Total expenses$343,352
XI-3 Revenue less expenses$6,180
XI-4 Net assets at start of year$1,697,509
XI-9 Other changes in net assets$68,664
XI-10 Net assets at end of year$1,772,353

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

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