Geneva Library Foundation EIN 45-3694631 Form 990 (PDF) Claim this org

Geneva Library Foundation

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Supports the Geneva Public Library through fundraising and endowment management. For fiscal year 2025 it reported $37K in revenue, $34K in expenses, and $521K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Geneva, IL
Website
genevalibraryfoundation.org
Filings
4 on file (2022–2025)
Revenue
$37KFY2025
Expenses
$34K
Net assets
$521K
People
8
Filings
4
Updates
0
More identity details & actions ⌄
EIN  45-3694631 Public charity (501(c)(3)) Geneva, IL
Form 990 (PDF)
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Size
<$100K
What they do
Supports the Geneva Public Library through fundraising and endowment management.
Leadership
Michael Longo · President
Money in and out
$37K revenue, $34K expenses
Bottom line
79% program efficiency
Where the money goes · FY2025
Total revenue
$37K
Pt VIII · Ln 12
Total expenses
$34K
Pt IX · Ln 25
Net assets
$521K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.20 Fundraising $0.01
Program efficiency
79%
of spending reaches programs▼ -17% vs prior filing year
Operating runway
185.1mo
months of highly liquid reserves at operating expense rate▲ +364% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▼ -41% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$37K
FY2025▼ -78%
Expenses
$34K
FY2025▼ -76%
Total assets
$521K
FY2025▲ +10%
Total liabilities
$0
FY2025
Total revenue
$37K
Pt VIII · Ln 12
Total expenses
$34K
Pt IX · Ln 25
Net assets
$521K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3K
Total assetsPt X · Ln 16$521K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGeneva Library Foundation
EINHdr · item D45-3694631
Principal addressHdr · item CGeneva, IL
WebsiteHdr · item Jgenevalibraryfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B117)
Ruling yearIRS BMFJan 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice - President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $14K of program spending, described in the organization's own filed words · FY2024.
01

Grant for statue to finalize sculpture garden

$12Kprogram expense
02

Grant to Geneva Library to support the Community Reading Project benefiting over 100 library patrons involved in the program.

$2Kprogram expense
03

Educational Programing for volunteer fair.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$32K · 87%
Other revenue$5K · 13%
Contributions & grants87%$32K
Other revenue13%$5K
Total revenueLn 12$37K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.20 Fundraising $0.01
Program services79%$27K
Management & general20%$7K
Fundraising1%$353
Total functional expensesLn 25$34K

Balance Sheet

Part X · end of year
CashLn 1$40K
Total assetsLn 16$521K
Total liabilitiesLn 26$0
Total net assetsLn 32$521K
Months of cash on handcomputed14.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $521K · Operating expenses/yr $34K
185.1 months
Where the money goes
Program services
Program services $27K · Total expenses $34K
79%
Management & General
Management & general $7K · Total expenses $34K
20%
Fundraising
Fundraising $353 · Total expenses $34K
1%
Cost to raise $1
Fundraising expense (2-yr avg) $176 · Solicited contributions (2-yr avg) $68K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $32K · Total revenue $37K
87%
Government reliance
Government grants $0 · Total revenue $37K
0%
Earned-income share
Program service revenue $0 · Total revenue $37K
0%
Investment reliance
Investment income $0 · Total revenue $37K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $34K
0%
Growth & trend
Revenue growth (YoY)
This year $37K · Prior year $165K
-78%
Net-asset trend (YoY)
End of year $521K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $37K · Expenses $34K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $521K
Net-asset ratio
Net assets $521K · Total assets $521K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $481K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $521K
92%
People & payroll
Highest Reported Total Compensation
Individual Michael Longo · Reported title President · Highest reported compensation $0 · Total expenses $34K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $34K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 20%
Fundraising cost ratio 1%
Revenue growth -78%
Investment management fee ratio 0.6%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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$7K
Grants paid · 2 grants · $163K · 2023–2024
Geneva Public LibraryFY2024$26,750
Geneva Public LibraryFY2023$136,500

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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)$37K revenue · viewing · ⤓ 990 PDF
FY2024$165K revenue · ⤓ 990 PDF
FY2023$91K revenue · ⤓ 990 PDF
FY2022$287K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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