Waverly Public Library Foundation

Tax-deductible

Waverly, IA501(c)(3)Since 1999EducationEIN 42-1493101

Support the Waverly Iowa Public Library

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2025 · 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
3 of 4
filings with a surplus
Average deficit $11K a year · 3% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Cash reserves
29 mo
of spending, in cash
Looks good: 28.7 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
0
of 9 voting members
Concern: none of 9 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$86K
-81% vs prior year
Spent
$49K
Net assets
$118K
By yearFY2021–FY2025
Revenue
$86K
FY2025▼ -81%
Revenue by fiscal year
FY2021$14K
FY2022$206K
FY2023$809K
FY2024$460K
FY2025$86K
Expenses
$49K
FY2025▼ -94%
Expenses by fiscal year
FY2021Not on file
FY2022$12K
FY2023$760K
FY2024$782K
FY2025$49K
Net assets
$118K
FY2025▲ +49%
Net assets by fiscal year
FY2021$49K
FY2022$193K
FY2023$386K
FY2024$79K
FY2025$118K

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1999.

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
See Waverly Public Library Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

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

Helps the Waverly Iowa Public Library with resources and programs.

Provided by the organization

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

Know this organization? Claim it to add your story

1 program service, described in the organization's own filed words · FY2025.
01

Promote literacy by applying for and using grant money to acquire books for theh City of Waverly Public Library and outside organizations with similar goals.

Pt IX · col B

Run this program? Claim this org to tell your story

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 · 3 grants · $1.4M · 2023–2025
City of Waverly Public LibraryFY2025$47,417
City of Waverly Public LibraryFY2024$771,120
City of Waverly Public LibraryFY2023$616,945

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$86K
Ln 12
Gifts and grantsLn 1h$75K
Investment incomeLn 3$10K
Money outPt IX
$49K
Ln 25
Owns and owesPt X
$118K
net assets · Ln 32
Cash and savingsLn 1–2$118K
Total assetsLn 16$118K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$75K
Noncash giftsLn 1g$405
Investment incomeLn 3$10K
Gains on assetsLn 7$2K
Total revenueLn 12$86K
Assets in detailPt X, end of year
SavingsLn 2$118K
Cash and savings togetherLn 1–2$118K
Total assetsLn 16$118K
LiabilitiesLn 26$0
Net assetsLn 32$118K
OperationsPt I, VI
EmployeesI 50
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 FY25End FY25
Cash and savingsLn 1–2$79K$118K
Total assetsLn 16$79K$118K
LiabilitiesLn 26$0$0
Net assetsLn 32$79K$118K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$47K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$1K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$415
All other expensesLn 24e$0
Total functional expensesLn 25$49K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $86K$49K$37K$118K 990 PDF
FY2024 $460K$782K−$323K$79K 990 PDF
FY2023 $809K$760K$49K$386K 990 PDF
FY2022 $206K$12K$193K$193K 990 PDF
FY2021 $14K$49K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $85,854 across 6 lines filed
VIII-1f All other contributions, gifts and grants$75,456
VIII-1g Noncash contributions (included above)$405
VIII-1h Total contributions, gifts and grants$75,456
VIII-3 Investment income$8,662
VIII-7 Net gain or loss on sales of assets$1,736
VIII-12 Total revenue$85,854
Part IX · Statement of functional expenses $49,213 across 31 lines filed
IX-1 Grants to domestic organizations$47,417
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$1,381
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)$415
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$49,213
Part X · Balance sheet $117,819 assets, 5 lines filed
X-2 Savings and temporary cash investmentsStart of year $79,207$117,819
X-16 Total assetsStart of year $79,207$117,819
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $79,207$117,819
X-33 Total liabilities and net assetsStart of year $79,207$117,819
Part XI · Reconciliation of net assets $117,819 net assets at year end
XI-1 Total revenue$85,854
XI-2 Total expenses$49,213
XI-3 Revenue less expenses$36,641
XI-4 Net assets at start of year$79,207
XI-8 Prior period adjustments$1,971
XI-10 Net assets at end of year$117,819

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.