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Smith Library FY2024 filing

Tax-deductible

Lexington, IL501(c)(3)Since 1912 EIN 37-6037551Revenue $97K in FY2024Latest return filed May 15, 2026

On file with the IRSLexington, ILTax-exempt since Sep 1987Supporting organization — 509(a)(3)

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The primary purpose of the public library is to provide resources and services in a variety of media to meet the needs of individuals and groups for education, information and personal development including recreation and leisure.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-6037551) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $54K a year · 59% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
79.1 mo
of spending, in cash
79.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$97K
+8% vs prior year
Spent
$19K
To programs
0%
Net assets
$759K
By yearFY2020–FY2025
Revenue
$97K
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$82K
FY2021$83K
FY2022$97K
FY2023$90K
FY2024$97K
FY2025$102K
Expenses
$19K
FY2024▲ ×21
Tap a bar for its year
Expenses by fiscal year
FY2020$34K
FY2021$65K
FY2022$66K
FY2023$895
FY2024$19K
FY2025$40K
Net assets
$759K
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$551K
FY2021$569K
FY2022$600K
FY2023$680K
FY2024$759K
FY2025$818K

From the FY2024 Form 990 · see the original

990 PDF Support Claim
You’re viewing the FY2024 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 Sep 1987.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $19K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Josh Hardt
President
$0Pt VII · Sec A
Mike Surma
Director
$0Pt VII · Sec A
Tom Morrison
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Smith Library executive salaries →

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

Offers books, media, and services for learning, information, and personal growth.

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1 program · in their own filed words · FY2024
01

The primary purpose of the public library is to provide resources and services in a variety of media to meet the needs of individuals and groups for education, information and personal development including recreation and leisure.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-6037551) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$97K
Ln 12
Gifts and grantsLn 1h$97K
Money outPt IX
$19K
Ln 25
Managementcol C$19K
Owns and owesPt X
$759K
net assets · Ln 32
Cash and savingsLn 1–2$124K
Total assetsLn 16$759K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$97K
Total revenueLn 12$97K
Assets in detailPt X, end of year
CashLn 1$74K
SavingsLn 2$50K
Cash and savings togetherLn 1–2$124K
Land, buildings, equipmentLn 10c$634K
Total assetsLn 16$759K
LiabilitiesLn 26$0
Net assetsLn 32$759K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$92K$124K
Land, buildings, equipmentLn 10c$588K$634K
Total assetsLn 16$680K$759K
LiabilitiesLn 26$0$0
Net assetsLn 32$680K$759K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$34$34
Office expensesLn 13$169$169
Other expenses (24a–d)Ln 24$19K$19K
Total functional expensesLn 25$19K$0$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $102K$40K$62K$818K 990 PDF
FY2024 ViewingFiled with the IRS Jun 2, 2025 $97K$19K$78K$759K 990 PDF
FY2023Filed with the IRS Apr 5, 2024 $90K$895$89K$680K 990 PDF
FY2022Filed with the IRS Jun 9, 2023 $97K$66K$31K$600K 990 PDF
FY2021Filed with the IRS Jun 17, 2022 $83K$65K$19K$569K 990 PDF
FY2020Filed with the IRS Jun 30, 2021 $82K$34K$48K$551K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $97,184 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $89,547$97,184
I-9 Program service revenue$0
I-10 Investment incomePrior year $36$0
I-11 Other revenue$0
I-12 Total revenuePrior year $89,583$97,184
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $895$18,853
I-18 Total expensesPrior year $895$18,853
I-19 Revenue less expensesPrior year $88,688$78,331
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $97,184 across 4 lines filed
VIII-1f All other contributions, gifts and grants$97,184
VIII-1h Total contributions, gifts and grants$97,184
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$97,184
Part IX · Statement of functional expenses $18,853 across 3 lines filed
IX-11c Accounting feesManagement $34$34
IX-13 Office expensesManagement $169$169
IX-24 Other expenses (24a–d)Management $18,650$18,650
IX-25 Total functional expensesPrograms $0 · Management $18,853 · Fundraising $0$18,853
Part X · Balance sheet $758,676 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $92,175$74,296
X-2 Savings and temporary cash investments$50,000
X-10c Land, buildings and equipment, netStart of year $588,170$634,380
X-16 Total assetsStart of year $680,345$758,676
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $680,345$758,676
X-32 Total net assets or fund balancesStart of year $680,345$758,676
X-33 Total liabilities and net assetsStart of year $680,345$758,676
Part XI · Reconciliation of net assets $758,676 net assets at year end
XI-1 Total revenue$97,184
XI-2 Total expenses$18,853
XI-3 Revenue less expenses$78,331
XI-4 Net assets at start of year$680,345
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$758,676

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

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