Danville Library Foundation EIN 37-1266099 Form 990 (PDF) Claim this org

Danville Library Foundation

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Raises, manages, and distributes funds to enhance library services and collections. For fiscal year 2025 it reported $436K in revenue, $406K in expenses, and $6.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Danville, IL
Website
www.danville.lib.il.us/foundation.htm
Filings
6 on file (2020–2025)
Revenue
$436KFY2025
Expenses
$406K
Net assets
$6.2M
People
16
Filings
6
Updates
0
More identity details & actions ⌄
EIN  37-1266099 Public charity (501(c)(3)) Danville, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Raises, manages, and distributes funds to enhance library services and collections.
Leadership
Patrick Goodwin · Treasurer
Money in and out
$436K revenue, $406K expenses
Bottom line
71% program efficiency
Where the money goes · FY2025
Total revenue
$436K
Pt VIII · Ln 12
Total expenses
$406K
Pt IX · Ln 25
Net assets
$6.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $30K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.24 Fundraising $0.06
Program efficiency
71%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
180.9mo
months of highly liquid reserves at operating expense rate▲ +51% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▲ +119% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$436K
FY2025▼ -3%
Expenses
$406K
FY2025▼ -34%
Total assets
$6.3M
FY2025▲ +2%
Total liabilities
$35K
FY2025▲ +122%
Total revenue
$436K
Pt VIII · Ln 12
Total expenses
$406K
Pt IX · Ln 25
Net assets
$6.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$30K
Total assetsPt X · Ln 16$6.3M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDanville Library Foundation
EINHdr · item D37-1266099
Principal addressHdr · item CDanville, IL
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFNov 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $286K of program spending, described in the organization's own filed words · FY2024.
01

Continued efforts to promote new library and provide more services to benefit the danville community. Approximately 2800 newsletters are published and distributed each quarter. Seminars and dinners are held to promote planning suggestions.

$286Kprogram expense

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Statement of Revenue

Part VIII
Investment income$391K · 90%
Contributions & grants$44K · 10%
Investment income90%$391K
Contributions & grants10%$44K
Other revenue$581
Total revenueLn 12$436K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.24 Fundraising $0.06
Program services71%$286K
Management & general24%$96K
Fundraising6%$23K
Total functional expensesLn 25$406K

Balance Sheet

Part X · end of year
CashLn 1$31K
Total assetsLn 16$6.3M
Total liabilitiesLn 26$35K
Total net assetsLn 32$6.2M
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.1M · Operating expenses/yr $406K
180.9 months
Where the money goes
Program services
Program services $286K · Total expenses $406K
71%
Management & General
Management & general $96K · Total expenses $406K
24%
Fundraising
Fundraising $23K · Total expenses $406K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $35K · Solicited contributions (3-yr avg) $131K
$0.26 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $44K · Total revenue $436K
10%
Government reliance
Government grants — · Total revenue $436K
Earned-income share
Program service revenue $0 · Total revenue $436K
0%
Investment reliance
Investment income $391K · Total revenue $436K
+90%
Program self-sufficiency
Program service revenue $0 · Total expenses $406K
0%
Growth & trend
Revenue growth (YoY)
This year $436K · Prior year $450K
-3%
Revenue CAGR
FY2019 $340K · FY2024 $436K
+5%
Net-asset trend (YoY)
End of year $6.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $436K · Expenses $406K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $6.3M
Net-asset ratio
Net assets $6.2M · Total assets $6.3M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $6.1M · Total assets (Pt X, ln 16) $6.3M
97%
People & payroll
Highest Reported Total Compensation
Individual Patrick Goodwin · Reported title TREASURER · Highest reported compensation $0 · Total expenses $406K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $55K · Total expenses $406K
14%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 24%
Fundraising cost ratio 53%
Revenue growth -3%
Investment management fee ratio 0.3%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $938K · 2019–2024
Danville Public LibraryFY2024$264,816
Danville Public LibraryFY2023$372,569
Danville Public LibraryFY2022$53,772
Danville Public LibraryFY2021$99,317
Danville Public LibraryFY2020$68,935
Danville Public LibraryFY2019$78,361

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$436K revenue · viewing · ⤓ 990 PDF
FY2024$450K revenue · ⤓ 990 PDF
FY2023$279K revenue · ⤓ 990 PDF
FY2022$701K revenue · ⤓ 990 PDF
FY2021$593K revenue · ⤓ 990 PDF
FY2020$340K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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