Aberdeen Library Foundation FY2022 filing
Supports library growth, resources, and community value through donations and improvements. For fiscal year 2022 it reported $64K in revenue, $7K in expenses, and $501K in net assets.Pt I
- Founded
- 1994
- Type
- Public charity (501(c)(3)) · Education
- Location
- Aberdeen, SD
- Filings
- 6 on file (2020–2022)
More identity details & actions ⌄
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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Where the work happens
In past years the library foundation received technology grants from 3M to be used for the children's programs to promote technology and science. The library director provides a list of educational materials to the foundation for purchasing to promote creative thinking for the young children's program.
The library requested funds for some adult programs that was not in the budget that the foundation has provided the funds to assist with the program to generate socialization with in the senior population
The foundation has finished collecting funds for the new library, the last pledge was received in 2022. So going forward when the library can coordinate an event or contract a new service that has not been budgeted by the city, the foundation may approve to fund the event or service.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 20% | — | — |
| Overhead ratio | 80% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 69% | — | — |
| Investment management fee ratio | 0.5% | — | — |
| Accounting fee ratio | 0.06% | — | — |
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
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Filings & Schedule Manifest
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Sources
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