Syracuse Library Foundation FY2023 filing

Tax-deductible

Syracuse, NE501(c)(3)Arts & CultureEIN 47-0808068

Operate the public library and create learning situations for the community youth by helping with set ups of after school programs and summer learning activites.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $25K a year · 41% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
23 mo
of spending, in cash
Looks good: 22.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $122K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10K
+64% vs prior year
Spent
$73K
To programs
91%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$10K
FY2023▲ +64%
Revenue by fiscal year
FY2020$4K
FY2021$7K
FY2022$6K
FY2023$10K
FY2024$272K
Expenses
$73K
FY2023▲ +9%
Expenses by fiscal year
FY2020$70K
FY2021$68K
FY2022$67K
FY2023$73K
FY2024$144K
Net assets
$3.1M
FY2023▲ +10%
Net assets by fiscal year
FY2020$3.1M
FY2021$3.4M
FY2022$2.8M
FY2023$3.1M
FY2024$3.2M

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1999.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $67K Management & general 9% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Syracuse 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

Operates the public library and creates youth learning programs, including after-school and summer activities.

Provided by the organization

This section is blank until Syracuse Library Foundation claims this page.

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2 program services account for $67K of program spending, described in the organization's own filed words · FY2023.
01

Summer youth learning program. The program provides different types of classes for children to enroll in to learn all kinds of educational topics.

$62Kprogram expense
02

Grant to the food pantry for extra food.

$5Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$122K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$10K
Ln 12
Investment incomeLn 3$6K
Fees for servicesLn 2g$4K
Money outPt IX
$73K
Ln 25
Programscol B$67K
Managementcol C$7K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$139K
Total assetsLn 16$3.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4K
Investment incomeLn 3$6K
Total revenueLn 12$10K
Assets in detailPt X, end of year
CashLn 1$139K
Cash and savings togetherLn 1–2$139K
InvestmentsLn 11–13$2.7M
Land, buildings, equipmentLn 10c$49K
Other assetsLn 15$150K
Total assetsLn 16$3.1M
LiabilitiesLn 26$0
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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 FY23End FY23
Cash and savingsLn 1–2$240K$139K
InvestmentsLn 11–13$2.5M$2.7M
Land, buildings, equipmentLn 10c$49K$49K
Total assetsLn 16$2.8M$3.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.8M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Accounting feesLn 11c$2K$0$2K$0
Advertising and promotionLn 12$11K$11K$0$0
Office expensesLn 13$2K$0$2K$0
Depreciation, depletion and amortizationLn 22$3K$0$3K$0
InsuranceLn 23$535$0$535$0
Other expenses (24a–d)Ln 24$45$0$45$0
All other expensesLn 24e$51K$51K$0$0
Total functional expensesLn 25$73K$67K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $272K$144K$129K$3.2M 990 PDF
FY2023 Viewing $10K$73K−$64K$3.1M 990 PDF
FY2022 $6K$67K−$61K$2.8M 990 PDF
FY2021 $7K$68K−$61K$3.4M 990 PDF
FY2020 $4K$70K−$66K$3.1M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $9,681 across 4 lines filed
Lines not itemized here account for $3,525 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$0
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeUnrelated business $6,156 · Excluded from tax $0$6,156
VIII-12 Total revenueRelated to mission $3,525 · Unrelated business $6,156 · Excluded from tax $0$9,681
Part IX · Statement of functional expenses $73,278 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $5,000$5,000
IX-11c Accounting feesPrograms $0 · Management $1,537 · Fundraising $0$1,537
IX-12 Advertising and promotionPrograms $10,557 · Management $0 · Fundraising $0$10,557
IX-13 Office expensesPrograms $0 · Management $1,879 · Fundraising $0$1,879
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $2,624 · Fundraising $0$2,624
IX-23 InsurancePrograms $0 · Management $535 · Fundraising $0$535
IX-24 Other expenses (24a–d)Programs $0 · Management $45 · Fundraising $0$45
IX-24e All other expensesPrograms $51,101 · Management $0 · Fundraising $0$51,101
IX-25 Total functional expensesPrograms $66,658 · Management $6,620 · Fundraising $0$73,278
Part X · Balance sheet $3,075,064 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $240,166$138,512
X-10c Land, buildings and equipment, netStart of year $48,948$48,842
X-11 Publicly traded securitiesStart of year $2,494,382$2,737,710
X-15 Other assets$150,000
X-16 Total assetsStart of year $2,783,496$3,075,064
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,774,589$1,710,991
X-28 Net assets with donor restrictionsStart of year $1,008,907$1,364,073
X-32 Total net assets or fund balancesStart of year $2,783,496$3,075,064
X-33 Total liabilities and net assetsStart of year $2,783,496$3,075,064
Part XI · Reconciliation of net assets $3,075,064 net assets at year end
XI-1 Total revenue$9,681
XI-2 Total expenses$73,278
XI-3 Revenue less expenses−$63,597
XI-4 Net assets at start of year$2,783,496
XI-10 Net assets at end of year$3,075,064

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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