Des Moines Public Library Foundation

Tax-deductible

Des Moines, IA501(c)(3)Foundations & GrantmakersEIN 42-1484890

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The foundation's purpose is to provide financial support to the Des Moines Public Library by fundraising.

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
Run by 35 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
5 of 5
filings with a surplus
Average surplus $370K a year · 39% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$91K
to officers and key staff · 13% of spending
Top officer’s pay lower than 77% of similar orgs
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $99K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$51K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+67% vs prior year
Spent
$677K
To programs
58%
Net assets
$5.6M
By yearFY2020–FY2024
Revenue
$1.4M
FY2024▲ +67%
Revenue by fiscal year
FY2020$555K
FY2021$910K
FY2022$1.0M
FY2023$834K
FY2024$1.4M
Expenses
$677K
FY2024▲ +6%
Expenses by fiscal year
FY2020$389K
FY2021$588K
FY2022$560K
FY2023$640K
FY2024$677K
Net assets
$5.6M
FY2024▲ +19%
Net assets by fiscal year
FY2020$3.9M
FY2021$4.3M
FY2022$4.1M
FY2023$4.7M
FY2024$5.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1999.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $395K Management & general 23% · $156K Fundraising 19% · $126K

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

18 people listed on the 990; $91K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director Thru September
$90,926Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Kelly K Shrock’s $91K as Executive Director Thru September is at the 23rd percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kelly K Shrock$90,926$116,000$25,877——
Dory Briles——$78,455$108,952$112,320

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Des Moines Public 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 funds to support the Des Moines Public Library.

Provided by the organization

This section is blank until Des Moines Public Library Foundation claims this page.

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2 program services account for $395K of program spending, described in the organization's own filed words · FY2024.
01

The foundation raises funds to provide for library collections, growth of technology and programs such as avid - authors visiting in des moines - author series, the summer reading program for children, and teen programming.

$347Kprogram expense
02

The foundation's mission is to hold events to raise awareness about the services the library offers.

$49Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 4 grants · $1.2M · 2020–2024
Des Moines Public LibraryFY2024$346,582
Des Moines Public LibraryFY2023$326,506
Des Moines Public LibraryFY2021$324,785
Des Moines Public LibraryFY2020$173,465

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$268K
Money outPt IX
$677K
Ln 25
Programscol B$395K
Managementcol C$156K
Fundraisingcol D$126K
Owns and owesPt X
$5.6M
net assets · Ln 32
Cash and savingsLn 1–2$980K
Total assetsLn 16$5.7M
LiabilitiesLn 26$51K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fundraising eventsLn 1c$118K
Investment incomeLn 3$268K
Gains on assetsLn 7$116K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$291K
SavingsLn 2$689K
Cash and savings togetherLn 1–2$980K
InvestmentsLn 11–13$4.5M
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$54K
Total assetsLn 16$5.7M
LiabilitiesLn 26$51K
Net assetsLn 32$5.6M
OperationsPt I, VI
EmployeesI 52
VolunteersI 635
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$716K$980K
InvestmentsLn 11–13$4.0M$4.5M
Land, buildings, equipmentLn 10c$5K$4K
Total assetsLn 16$4.8M$5.7M
LiabilitiesLn 26$76K$51K
Net assetsLn 32$4.7M$5.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$347K$347K
Pay of current officers, directors and key staffLn 5$86K$9K$22K$55K
Other salaries and wagesLn 7$61K$18K$42K
Payroll taxesLn 10$12K$661$3K$8K
Other fees for servicesLn 11g$23K$23K
Office expensesLn 13$19K$9K$2K$8K
Information technologyLn 14$42K$37K$5K
OccupancyLn 16$18K$18K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$969$969
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$60K$31K$22K$8K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$677K$395K$156K$126K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.4M$677K$714K$5.6M 990 PDF
FY2023 $834K$640K$194K$4.7M 990 PDF
FY2022 $1.0M$560K$452K$4.1M 990 PDF
FY2021 $910K$588K$322K$4.3M 990 PDF
FY2020 $555K$389K$166K$3.9M 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 $1,391,228 across 7 lines filed
VIII-1c Fundraising events$117,775
VIII-1f All other contributions, gifts and grants$1,027,313
VIII-1h Total contributions, gifts and grants$1,145,088
VIII-3 Investment incomeRelated to mission $152,214$152,214
VIII-7 Net gain or loss on sales of assetsRelated to mission $115,983$115,983
VIII-8 Net income from fundraising eventsExcluded from tax −$22,057−$22,057
VIII-12 Total revenueRelated to mission $268,197 · Unrelated business $0 · Excluded from tax −$22,057$1,391,228
Part IX · Statement of functional expenses $677,297 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $346,582$346,582
IX-5 Pay of current officers, directors and key staffPrograms $8,548 · Management $22,291 · Fundraising $55,380$86,219
IX-7 Other salaries and wagesManagement $18,183 · Fundraising $42,427$60,610
IX-10 Payroll taxesPrograms $661 · Management $3,391 · Fundraising $7,541$11,593
IX-11g Other fees for servicesManagement $22,813$22,813
IX-13 Office expensesPrograms $8,895 · Management $2,155 · Fundraising $7,659$18,709
IX-14 Information technologyManagement $36,872 · Fundraising $5,482$42,354
IX-16 OccupancyManagement $17,870$17,870
IX-19 Conferences, conventions and meetingsManagement $2,008$2,008
IX-22 Depreciation, depletion and amortizationManagement $969$969
IX-23 InsuranceManagement $4,582$4,582
IX-24 Other expenses (24a–d)Programs $30,585 · Management $22,036 · Fundraising $7,811$60,432
IX-24e All other expensesManagement $2,556$2,556
IX-25 Total functional expensesPrograms $395,271 · Management $155,726 · Fundraising $126,300$677,297
Part X · Balance sheet $5,651,822 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $199,830$290,874
X-2 Savings and temporary cash investmentsStart of year $516,379$688,983
X-3 Pledges and grants receivableStart of year $7,500$67,972
X-9 Prepaid expenses and deferred chargesStart of year $978$1,201
X-10c Land, buildings and equipment, netStart of year $4,765$3,796
X-11 Publicly traded securitiesStart of year $3,976,700$4,545,363
X-15 Other assetsStart of year $67,187$53,633
X-16 Total assetsStart of year $4,773,339$5,651,822
X-17 Accounts payable and accrued expensesStart of year $23,236$16,054
X-25 Other liabilitiesStart of year $52,693$34,823
X-26 Total liabilitiesStart of year $75,929$50,877
X-27 Net assets without donor restrictionsStart of year $1,773,290$2,050,869
X-28 Net assets with donor restrictionsStart of year $2,924,120$3,550,076
X-32 Total net assets or fund balancesStart of year $4,697,410$5,600,945
X-33 Total liabilities and net assetsStart of year $4,773,339$5,651,822
Part XI · Reconciliation of net assets $5,600,945 net assets at year end
XI-1 Total revenue$1,391,228
XI-2 Total expenses$677,297
XI-3 Revenue less expenses$713,931
XI-4 Net assets at start of year$4,697,410
XI-5 Net unrealized gains (losses) on investments$185,288
XI-9 Other changes in net assets$4,316
XI-10 Net assets at end of year$5,600,945

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

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