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Danville Library Foundation FY2020 filing

Tax-deductible

Danville, IL501(c)(3)EIN 37-1266099Revenue $340K in FY2020

On file with the IRSdanville.lib.il.us/foundation.htm319 N Vermilion St, 61832-4769 · Danville, ILTax-exempt since Nov 1994Publicly supported — 509(a)(2)

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To benefit the community by raising, managing, and distributing funds to enchance the services and collections of the Danville public Library and to increase public awareness of the library's needs and services.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $141K a year · 30% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$340K
Spent
$211K
To programs
63%
Net assets
$4.6M
By yearFY2020–FY2025
Revenue
$340K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$340K
FY2021$593K
FY2022$701K
FY2023$279K
FY2024$450K
FY2025$436K
Expenses
$211K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$211K
FY2021$199K
FY2022$290K
FY2023$234K
FY2024$615K
FY2025$406K
Net assets
$4.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.6M
FY2021$5.9M
FY2022$5.8M
FY2023$5.7M
FY2024$6.1M
FY2025$6.2M

From the FY2020 Form 990 (year ending April 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1994.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $132K Management & general 33% · $70K Fundraising 4% · $8K

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 · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Fred Underhill
Vice Preside
$0Pt VII · Sec A
Tom Stone
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Lois Wise
Board Member
$0Pt VII · Sec A
Jacqueline Lacy
Board Member
$0Pt VII · Sec A
Tammy Wilson
Board Member
$0Pt VII · Sec A
Toni Towne
Board Member
$0Pt VII · Sec A
See Danville 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 15aYes

Programs and updates

Raises, manages, and distributes funds to enhance library services and collections.

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Provided by the organization

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1 program · $132K · in their own filed words · FY2019
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.

$132Kprogram expense

Funders

Who pays for it.

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

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

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$340K
Ln 12
Gifts and grantsLn 1h$189K
Investment incomeLn 3$115K
Other incomeLn 4–11$30K
Money outPt IX
$211K
Ln 25
Programscol B$132K
Managementcol C$70K
Fundraisingcol D$8K
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$117K
Total assetsLn 16$4.7M
LiabilitiesLn 26$11K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$189K
Fees for servicesLn 2g$6K
Investment incomeLn 3$115K
Other incomeLn 4–11$30K
Gains on assetsLn 7$24K
Total revenueLn 12$340K
Assets in detailPt X, end of year
SavingsLn 2$117K
Cash and savings togetherLn 1–2$117K
InvestmentsLn 11–13$4.5M
Total assetsLn 16$4.7M
LiabilitiesLn 26$11K
Net assetsLn 32$4.6M
OperationsPt I, VI
EmployeesI 52
VolunteersI 625
Fiscal year endsHeaderApril
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 FY20End FY20
Cash and savingsLn 1–2$184K$117K
InvestmentsLn 11–13$4.5M$4.5M
Total assetsLn 16$4.7M$4.7M
LiabilitiesLn 26$7K$11K
Net assetsLn 32$4.7M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$78K$78K
Pay of current officers, directors and key staffLn 5$39K$23K$12K$4K
Pay of disqualified personsLn 6$38K$23K$12K$4K
Payroll taxesLn 10$7K$4K$2K$694
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$17K$17K
Advertising and promotionLn 12$560$560
Office expensesLn 13$7K$7K
Conferences, conventions and meetingsLn 19$1K$1K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$6K$3K$3K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$211K$132K$70K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $436K$406K$30K$6.2M 990 PDF
FY2024 $450K$615K−$165K$6.1M 990 PDF
FY2023 $279K$234K$45K$5.7M 990 PDF
FY2022 $701K$290K$412K$5.8M 990 PDF
FY2021 $593K$199K$394K$5.9M 990 PDF
FY2020 Viewing $340K$211K$129K$4.6M 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 $340,224 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $90,735$189,146
I-9 Program service revenuePrior year $12,855$5,952
I-10 Investment incomePrior year $260,923$115,112
I-11 Other revenuePrior year $32,391$30,014
I-12 Total revenuePrior year $396,904$340,224
I-13 Grants and similar amounts paidPrior year $341,967$78,361
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $71,287$84,288
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $53,785$48,092
I-18 Total expensesPrior year $467,039$210,741
I-19 Revenue less expensesPrior year −$70,135$129,483
Part VI · Governance 16 of 16 board members independent, 3 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $340,224 across 7 lines filed
VIII-1f All other contributions, gifts and grants$189,146
VIII-1h Total contributions, gifts and grants$189,146
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,952$5,952
VIII-3 Investment incomeExcluded from tax $90,922$90,922
VIII-7 Net gain or loss on sales of assetsRelated to mission $24,190$24,190
VIII-8 Net income from fundraising events$30,014
VIII-12 Total revenueRelated to mission $30,142 · Excluded from tax $90,922$340,224
Part IX · Statement of functional expenses $210,741 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $78,361$78,361
IX-5 Pay of current officers, directors and key staffPrograms $23,389 · Management $11,695 · Fundraising $3,898$38,982
IX-6 Pay of disqualified personsPrograms $23,019 · Management $11,509 · Fundraising $3,836$38,364
IX-10 Payroll taxesPrograms $4,166 · Management $2,082 · Fundraising $694$6,942
IX-11c Accounting feesManagement $13,340$13,340
IX-11f Investment management feesManagement $16,895$16,895
IX-12 Advertising and promotionPrograms $560$560
IX-13 Office expensesManagement $6,585$6,585
IX-19 Conferences, conventions and meetingsManagement $1,105$1,105
IX-23 InsuranceManagement $2,759$2,759
IX-24 Other expenses (24a–d)Programs $2,769 · Management $2,831$5,600
IX-24e All other expensesManagement $1,248$1,248
IX-25 Total functional expensesPrograms $132,264 · Management $70,049 · Fundraising $8,428$210,741
Part X · Balance sheet $4,657,258 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $183,646$116,964
X-3 Pledges and grants receivableStart of year $2,594$100
X-9 Prepaid expenses and deferred chargesStart of year $2,269$3,368
X-12 Other securitiesStart of year $4,480,681$4,536,826
X-16 Total assetsStart of year $4,669,469$4,657,258
X-17 Accounts payable and accrued expensesStart of year $6,540$10,945
X-26 Total liabilitiesStart of year $6,540$10,945
X-27 Net assets without donor restrictionsStart of year $3,432,587$3,324,624
X-28 Net assets with donor restrictionsStart of year $1,230,342$1,321,689
X-32 Total net assets or fund balancesStart of year $4,662,929$4,646,313
X-33 Total liabilities and net assetsStart of year $4,669,469$4,657,258
Part XI · Reconciliation of net assets $4,646,313 net assets at year end
XI-1 Total revenue$340,224
XI-2 Total expenses$210,741
XI-3 Revenue less expenses$129,483
XI-4 Net assets at start of year$4,662,929
XI-5 Net unrealized gains (losses) on investments−$146,099
XI-10 Net assets at end of year$4,646,313

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

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