Hayward Library Foundation Ltd EIN 45-3208909 Form 990 (PDF) Claim this org

Hayward Library Foundation Ltd FY2020 filing

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Supports the library to offer educational learning and opportunities for county residents and visitors. For fiscal year 2020 it reported $86K in revenue, $20K in expenses, and $601K in net assets.Pt I

Founded
2011
Type
Public charity (501(c)(3)) · Education
Location
Hayward, WI
Website
www.haywardlibraryfoundation.org
Filings
6 on file (2020–2020)
Revenue
$86KFY2020
Expenses
$20K
Net assets
$601K
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-3208909 Public charity (501(c)(3)) Hayward, WI Founded 2011
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Supports the library to offer educational learning and opportunities for county residents and visitors.
Leadership
Corrine Bonicatto · President
Money in and out
$86K revenue, $20K expenses
Bottom line
59% program efficiency
Where the money goes · FY2020
Total revenue
$86K
Pt VIII · Ln 12
Total expenses
$20K
Pt IX · Ln 25
Net assets
$601K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $65K
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.33 Fundraising $0.08
Program efficiency
59%
of spending reaches programs
Surplus margin
+76%
revenue over expenses, this year
Donor-funded
82%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$86K
FY2020
Expenses
$20K
FY2020
Total assets
$601K
FY2020
Total liabilities
$500
FY2020
Total revenue
$86K
Pt VIII · Ln 12
Total expenses
$20K
Pt IX · Ln 25
Net assets
$601K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$65K
Total assetsPt X · Ln 16$601K
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHayward Library Foundation Ltd
EINHdr · item D45-3208909
Principal addressHdr · item CHayward, WI
Year of formationHdr · item L2011
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B11)
Ruling yearIRS BMFNov 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Hayward Library Foundation Ltd executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $12K of program spending, described in the organization's own filed words · FY2020.
01

General support to the sherman and ruth weiss communitylibrary

$12Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$70K · 82%
Investment income$15K · 18%
Contributions & grants82%$70K
Investment income18%$15K
Total revenueLn 12$86K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.33 Fundraising $0.08
Program services59%$12K
Management & general33%$7K
Fundraising8%$2K
Total functional expensesLn 25$20K

Balance Sheet

Part X · end of year
CashLn 1$32K
Total assetsLn 16$601K
Total liabilitiesLn 26$500
Total net assetsLn 32$601K
Months of cash on handcomputed19.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $601K · Operating expenses (Pt IX) $20K · Less non-cash grants $25K · Cash operating expenses/yr $-5K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $12K · Total expenses $20K
59%
Management & General
Management & general $7K · Total expenses $20K
33%
Fundraising
Fundraising $2K · Total expenses $20K
8%
Cost to raise $1
Fundraising expense $2K · Solicited contributions $70K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $70K · Total revenue $86K
82%
Government reliance
Government grants — · Total revenue $86K
Earned-income share
Program service revenue $0 · Total revenue $86K
0%
Investment reliance
Investment income $15K · Total revenue $86K
+18%
Program self-sufficiency
Program service revenue $0 · Total expenses $20K
0%
Growth & trend
Revenue growth (YoY)
This year $86K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $601K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $86K · Expenses $20K
+76%
Liabilities-to-Assets
Total liabilities — · Total assets $601K
Net-asset ratio
Net assets $601K · Total assets $601K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $569K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $601K
95%
People & payroll
Highest Reported Total Compensation
Individual Corrine Bonicatto · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $20K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $20K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 59%
Overhead ratio 33%
Fundraising cost ratio 2%
Investment management fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 4 grants · $70K · 2020–2024
Sherman and Ruth Weiss Community LibraryFY2024$21,000
Sherman and Ruth Weiss Community LibraryFY2023$18,000
Sherman and Ruth Weiss Community LibraryFY2022$19,000
Sherman and Ruth Weiss Community LibraryFY2020$12,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$251K revenue · ⤓ 990 PDF
FY2024$182K revenue · ⤓ 990 PDF
FY2023$116K revenue · ⤓ 990 PDF
FY2022$138K revenue · ⤓ 990 PDF
FY2021$130K revenue · ⤓ 990 PDF
FY2020$86K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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