Lincoln Library Foundation

Tax-deductible

Springfield, IL501(c)(3)EIN 37-1277031

Established in 1991, for purposes charitable, literary, and educational, the Lincoln Library Foundation strives to focus attention on public library services in Springfield, IL. Through individual gifts, endowments, and bequests, the Foundation purchases materials for the public library, which serves a population of approximately 116,250 of which 35,921 are cardholders.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
0 of 5
filings with a surplus
Average deficit $50K a year · 74% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$68K
-16% vs prior year
Spent
$145K
To programs
95%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$68K
FY2024▼ -16%
Revenue by fiscal year
FY2020$20K
FY2021$86K
FY2022$79K
FY2023$81K
FY2024$68K
Expenses
$145K
FY2024▲ +31%
Expenses by fiscal year
FY2020$102K
FY2021$106K
FY2022$118K
FY2023$111K
FY2024$145K
Net assets
$2.0M
FY2024▼ -4%
Net assets by fiscal year
FY2020$2.2M
FY2021$2.2M
FY2022$2.1M
FY2023$2.1M
FY2024$2.0M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1991.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $138K Management & general 5% · $8K

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President Appointed 10/16
$0Pt VII · Sec A
Board Appointed 6/16
$0Pt VII · Sec A
Board Appointed 4/26/17
$0Pt VII · Sec A
See Lincoln 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

Funds public library materials and services to benefit the community.

Provided by the organization

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

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1 program service account for $138K of program spending, described in the organization's own filed words · FY2024.
01

The foundation purchases books and other materials and supplies for lincoln library springfields public library, which serves a population of approximately 114,394 of which over 34,567 are cardholders.

$138Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$68K
Ln 12
Investment incomeLn 3$54K
Gifts and grantsLn 1h$14K
Money outPt IX
$145K
Ln 25
Programscol B$138K
Managementcol C$8K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$2.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14K
Investment incomeLn 3$54K
Gains on assetsLn 7$20K
Total revenueLn 12$68K
Assets in detailPt X, end of year
SavingsLn 2$37K
Cash and savings togetherLn 1–2$37K
InvestmentsLn 11–13$358K
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$2.0M
LiabilitiesLn 26$0
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$39K$37K
InvestmentsLn 11–13$614K$358K
Land, buildings, equipmentLn 10c$1.4M$1.6M
Total assetsLn 16$2.1M$2.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.1M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$6K$0$6K$0
Other fees for servicesLn 11g$33K$31K$2K$0
Depreciation, depletion and amortizationLn 22$107K$107K$0$0
Total functional expensesLn 25$145K$138K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $68K$145K−$77K$2.0M 990 PDF
FY2023 $81K$111K−$30K$2.1M 990 PDF
FY2022 $79K$118K−$39K$2.1M 990 PDF
FY2021 $86K$106K−$20K$2.2M 990 PDF
FY2020 $20K$102K−$82K$2.2M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $68,470 across 5 lines filed
VIII-1f All other contributions, gifts and grants$14,420
VIII-1h Total contributions, gifts and grants$14,420
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $34,035$34,035
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,015$20,015
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $54,050$68,470
Part IX · Statement of functional expenses $145,261 across 3 lines filed
IX-11f Investment management feesPrograms $0 · Management $5,601 · Fundraising $0$5,601
IX-11g Other fees for servicesPrograms $31,180 · Management $1,900 · Fundraising $0$33,080
IX-22 Depreciation, depletion and amortizationPrograms $106,580 · Management $0 · Fundraising $0$106,580
IX-25 Total functional expensesPrograms $137,760 · Management $7,501 · Fundraising $0$145,261
Part X · Balance sheet $2,008,182 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $38,690$36,731
X-10c Land, buildings and equipment, netStart of year $1,432,447$1,613,132
X-11 Publicly traded securitiesStart of year $613,836$358,319
X-16 Total assetsStart of year $2,084,973$2,008,182
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,767,828$1,660,191
X-28 Net assets with donor restrictionsStart of year $317,145$347,991
X-32 Total net assets or fund balancesStart of year $2,084,973$2,008,182
X-33 Total liabilities and net assetsStart of year $2,084,973$2,008,182
Part XI · Reconciliation of net assets $2,008,182 net assets at year end
XI-1 Total revenue$68,470
XI-2 Total expenses$145,261
XI-3 Revenue less expenses−$76,791
XI-4 Net assets at start of year$2,084,973
XI-10 Net assets at end of year$2,008,182

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

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