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Danville Library Foundation FY2023 filing

Tax-deductible

Danville, IL501(c)(3) EIN 37-1266099Revenue $279K in FY2023

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.
48¢ 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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FY2023 · 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
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Plus $5.7M in investments, Pt X · Ln 11–13
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$279K
-60% vs prior year
Spent
$234K
To programs
48%
Net assets
$5.7M
By yearFY2020–FY2025
Revenue
$279K
FY2023▼ -60%
Tap a bar for its year
Revenue by fiscal year
FY2020$340K
FY2021$593K
FY2022$701K
FY2023$279K
FY2024$450K
FY2025$436K
Expenses
$234K
FY2023▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2020$211K
FY2021$199K
FY2022$290K
FY2023$234K
FY2024$615K
FY2025$406K
Net assets
$5.7M
FY2023▼ -0.6%
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 FY2023 Form 990 (year ending April 2023) · see the original

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You’re viewing the FY2023 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

48 cents of each dollar spent went to programs.

Program services 48% · $112K Management & general 38% · $88K Fundraising 14% · $34K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Terri Cummings
Vice Preside
$0Pt VII · Sec A
Nick Hill
Treasurer
$0Pt VII · Sec A
Erika Briggs
Secretary
$0Pt VII · Sec A
Toni Towne
Board Member
$0Pt VII · Sec A
Millie Wilson
Board Member
$0Pt VII · Sec A
Jaclyn Vinson
Board Member
$0Pt VII · Sec A
Tammy Wilson
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 · $112K · in their own filed words · FY2022
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.

$112Kprogram 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$279K
Ln 12
Investment incomeLn 3$220K
Gifts and grantsLn 1h$108K
Money outPt IX
$234K
Ln 25
Programscol B$112K
Managementcol C$88K
Fundraisingcol D$34K
Owns and owesPt X
$5.7M
net assets · Ln 32
Cash and savingsLn 1–2$46K
Total assetsLn 16$5.8M
LiabilitiesLn 26$18K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$108K
Investment incomeLn 3$220K
Gains on assetsLn 7$99K
Total revenueLn 12$279K
Assets in detailPt X, end of year
SavingsLn 2$46K
Cash and savings togetherLn 1–2$46K
InvestmentsLn 11–13$5.7M
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$5.8M
LiabilitiesLn 26$18K
Net assetsLn 32$5.7M
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 FY23End FY23
Cash and savingsLn 1–2$592K$46K
InvestmentsLn 11–13$5.2M$5.7M
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$5.8M$5.8M
LiabilitiesLn 26$9K$18K
Net assetsLn 32$5.8M$5.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$54K$54K
Pay of current officers, directors and key staffLn 5$71K$18K$35K$18K
Payroll taxesLn 10$7K$2K$4K$2K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$19K$19K
Advertising and promotionLn 12$20K$20K
Office expensesLn 13$19K$19K
OccupancyLn 16$10K$10K
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$707$707
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$24K$6K$4K$14K
All other expensesLn 24e$2K$2K$194
Total functional expensesLn 25$234K$112K$88K$34K

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 Viewing $279K$234K$45K$5.7M 990 PDF
FY2022 $701K$290K$412K$5.8M 990 PDF
FY2021 $593K$199K$394K$5.9M 990 PDF
FY2020 $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 FY2023 990 (6 parts)
Part I · Summary $279,050 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $452,557$107,520
I-9 Program service revenue$0
I-10 Investment incomePrior year $249,526$219,763
I-11 Other revenuePrior year −$626−$48,233
I-12 Total revenuePrior year $701,457$279,050
I-13 Grants and similar amounts paidPrior year $99,317$53,772
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $72,045$78,146
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $118,537$102,085
I-18 Total expensesPrior year $289,899$234,003
I-19 Revenue less expensesPrior year $411,558$45,047
Part VI · Governance 20 of 20 board members independent, 3 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $279,050 across 6 lines filed
VIII-1f All other contributions, gifts and grants$107,520
VIII-1h Total contributions, gifts and grants$107,520
VIII-3 Investment incomeRelated to mission $120,681$120,681
VIII-7 Net gain or loss on sales of assetsRelated to mission $99,082$99,082
VIII-8 Net income from fundraising events−$48,233
VIII-12 Total revenueRelated to mission $219,763$279,050
Part IX · Statement of functional expenses $234,003 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $53,772$53,772
IX-5 Pay of current officers, directors and key staffPrograms $17,686 · Management $35,373 · Fundraising $17,686$70,745
IX-10 Payroll taxesPrograms $1,850 · Management $3,700 · Fundraising $1,851$7,401
IX-11c Accounting feesManagement $3,185$3,185
IX-11f Investment management feesManagement $19,340$19,340
IX-12 Advertising and promotionPrograms $19,531$19,531
IX-13 Office expensesManagement $19,340$19,340
IX-16 OccupancyPrograms $10,030$10,030
IX-19 Conferences, conventions and meetingsManagement $1,056$1,056
IX-22 Depreciation, depletion and amortizationPrograms $707$707
IX-23 InsuranceManagement $2,601$2,601
IX-24 Other expenses (24a–d)Programs $6,256 · Management $3,674 · Fundraising $14,384$24,314
IX-24e All other expensesPrograms $1,787 · Management $194$1,981
IX-25 Total functional expensesPrograms $111,619 · Management $88,463 · Fundraising $33,921$234,003
Part X · Balance sheet $5,764,796 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $592,310$46,424
X-4 Accounts receivable$3,554
X-9 Prepaid expenses and deferred chargesStart of year $4,780$3,561
X-10c Land, buildings and equipment, netStart of year $2,577$1,870
X-12 Other securitiesStart of year $5,193,532$5,709,387
X-16 Total assetsStart of year $5,793,349$5,764,796
X-17 Accounts payable and accrued expensesStart of year $8,709$17,681
X-26 Total liabilitiesStart of year $8,709$17,681
X-27 Net assets without donor restrictionsStart of year $4,194,860$4,157,997
X-28 Net assets with donor restrictionsStart of year $1,589,780$1,589,118
X-32 Total net assets or fund balancesStart of year $5,784,640$5,747,115
X-33 Total liabilities and net assetsStart of year $5,793,349$5,764,796
Part XI · Reconciliation of net assets $5,747,115 net assets at year end
XI-1 Total revenue$279,050
XI-2 Total expenses$234,003
XI-3 Revenue less expenses$45,047
XI-4 Net assets at start of year$5,784,640
XI-5 Net unrealized gains (losses) on investments−$88,793
XI-9 Other changes in net assets$6,221
XI-10 Net assets at end of year$5,747,115

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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