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Kling Memorial Library Foundation FY2021 filing

Tax-deductible

Grundy Center, IA501(c)(3)Since 2000Foundations & GrantmakersEIN 42-1506596Revenue $2K in FY2021

On file with the IRS708 7th St, 50638-1430 · Grundy Center, IATax-exempt since Aug 2000Supporting organization — 509(a)(3)

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To provide financial and volunteer support to the Kling Memorial Library

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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 $3K a year · 60% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
150 mo
of spending, in cash
Looks good: 150.3 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
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2K
-26% vs prior year
Spent
$9K
To programs
98%
Net assets
$114K
By yearFY2020–FY2025
Revenue
$2K
FY2021▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2020$2K
FY2021$2K
FY2022$377
FY2023$4K
FY2024$17K
FY2025$10K
Expenses
$9K
FY2021▲ ×46
Tap a bar for its year
Expenses by fiscal year
FY2020$200
FY2021$9K
FY2022$200
FY2023$200
FY2024$200
FY2025$4K
Net assets
$114K
FY2021▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$122K
FY2021$114K
FY2022$115K
FY2023$118K
FY2024$135K
FY2025$141K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 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 Aug 2000.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $9K Management & general 2% · $200

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Lindsey Freese
Exec Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Todd Rohler
Sec/Treas
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kling Memorial 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

Supports the Kling Memorial Library with funds and volunteers.

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Provided by the organization

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1 program · $9K · in their own filed words · FY2021
01

A grant was made for electrical repairs to the Kling Memorial Public Library in Grundy Center

$9Kprogram 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 · 1 grant · $9K · 2021–2021
Kling Memorial Library (city of Grundy Center)FY2021$8,931

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2K
Ln 12
Gifts and grantsLn 1h$1K
Investment incomeLn 3$581
Money outPt IX
$9K
Ln 25
Programscol B$9K
Managementcol C$200
Owns and owesPt X
$114K
net assets · Ln 32
Cash and savingsLn 1–2$114K
Total assetsLn 16$114K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Investment incomeLn 3$581
Total revenueLn 12$2K
Assets in detailPt X, end of year
SavingsLn 2$114K
Cash and savings togetherLn 1–2$114K
Total assetsLn 16$114K
LiabilitiesLn 26$0
Net assetsLn 32$114K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY21End FY21
Cash and savingsLn 1–2$122K$114K
Total assetsLn 16$122K$114K
LiabilitiesLn 26$0$0
Net assetsLn 32$122K$114K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$9K$9K
Legal feesLn 11b$200$0$200$0
Total functional expensesLn 25$9K$9K$200$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10K$4K$6K$141K 990 PDF
FY2024 $17K$200$17K$135K 990 PDF
FY2023 $4K$200$3K$118K 990 PDF
FY2022 $377$200$177$115K 990 PDF
FY2021 Viewing $2K$9K−$8K$114K 990 PDF
FY2020 $2K$200$2K$122K 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 FY2021 990 (6 parts)
Part I · Summary $1,581 revenue, 12 lines filed
I-8 Contributions and grants$1,000
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,142$581
I-11 Other revenue$0
I-12 Total revenuePrior year $2,142$1,581
I-13 Grants and similar amounts paid$8,931
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $200$200
I-18 Total expensesPrior year $200$9,131
I-19 Revenue less expensesPrior year $1,942−$7,550
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,581 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,000
VIII-1h Total contributions, gifts and grants$1,000
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$581
VIII-12 Total revenueRelated to mission $581 · Unrelated business $0 · Excluded from tax $0$1,581
Part IX · Statement of functional expenses $9,131 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $8,931$8,931
IX-11b Legal feesPrograms $0 · Management $200 · Fundraising $0$200
IX-25 Total functional expensesPrograms $8,931 · Management $200 · Fundraising $0$9,131
Part X · Balance sheet $114,339 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $121,889$114,339
X-16 Total assetsStart of year $121,889$114,339
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $121,889$114,339
X-32 Total net assets or fund balancesStart of year $121,889$114,339
X-33 Total liabilities and net assetsStart of year $121,889$114,339
Part XI · Reconciliation of net assets $114,339 net assets at year end
XI-1 Total revenue$1,581
XI-2 Total expenses$9,131
XI-3 Revenue less expenses−$7,550
XI-4 Net assets at start of year$121,889
XI-10 Net assets at end of year$114,339

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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