Ringling College Library

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EIN 51-0173628 Higher education institution Sarasota, FL
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Revenue & expenses by yearFY2021–FY2023
Revenue
$363K
FY2023▲ +54%
Expenses
$248K
FY2023▼ -70%

Form 990 for the fiscal year ending April 2023 (IRS tax year 2022).


Supports library development and student, faculty, and community education growth. For fiscal year 2023 it reported $363K in revenue and $248K in expenses.Pt I

Type
Higher education institution · Nonprofit
Location
Sarasota, FL
Website
www.rclassociation.org
Filings
2 on file (2021–2023)
Revenue
$363KFY2023
Expenses
$248K
Net assets
$0
People
11
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Provided by the organization

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Size
$100K–1M
What they do
Supports library development and student, faculty, and community education growth.
Leadership
Stephanie Grosskreutz · Former Executive Director · $100K
Money in and out
$363K revenue, $248K expenses
Bottom line
+32% operating surplus

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

NEUTRAL

Not on file

IRS deductibility code is not on file for this EIN. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

WARNING

Last filed FY2022 — 4 yrs ago

Most recent Form 990 on file is for fiscal year 2022 (4 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

3 funders, incl. Gulf Coast Community Foundation INC

3 distinct foundation funder(s) on file, $29K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

65% to programs

65% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +54% vs prior year

Revenue band $100K–1M, +54% versus the prior filing year (up). See detail →

Financial scale & money flow · FY2023
Total revenue
$363K
Pt VIII · Ln 12
Total expenses
$248K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $115K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.35
Operating surplus
+32%
revenue over expenses, this legal entity▲ +113% vs prior filing year
Payroll share
75%
of this entity's spending is salaries & benefits▲ +396% vs prior filing year
Program spending
65%
of expenses reach program services▼ -28% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$0
FY2023▼ -100%
Total liabilities
$0
FY2023▼ -100%
Revenue less expensesPt I · Ln 19$115K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CRingling College Library
EINHdr · item D51-0173628
Principal addressHdr · item CSarasota, FL
WebsiteHdr · item Jwww.rclassociation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

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 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Former Executive Director
$99,500Pt VII · Sec A
Executive Director
$14,013Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2021
Stephanie Grosskreutz$99,500$92,700
Lauren Kurnov$14,013—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $162K of program spending, described in the organization's own filed words · FY2022.
01

Ringling college library association membership support included arts-oriented field trips, membership events and other support for the alfred r. Goldstein library.

$162Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$202K · 56%
Contributions & grants$126K · 35%
Investment income$35K · 10%
Other revenue56%$202K
Contributions & grants35%$126K
Investment income10%$35K
Total revenueLn 12$363K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.35
Program services65%$162K
Management & general35%$86K
Total functional expensesLn 25$248K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $248K
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 $162K · Total expenses $248K
65%
Management & General
Management & general $86K · Total expenses $248K
35%
Fundraising
Fundraising $0 · Total expenses $248K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $131K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $126K · Total revenue $363K
35%
Government reliance
Government grants — · Total revenue $363K
—
Earned-income share
Program service revenue $0 · Total revenue $363K
0%
Investment reliance
Investment income $35K · Total revenue $363K
+10%
Program self-sufficiency
Program service revenue $0 · Total expenses $248K
0%
Growth & trend
Revenue growth (YoY)
This year $363K · Prior year $236K
+54%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $363K · Expenses $248K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lauren Kurnov · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $14K · Total expenses $248K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $187K · Total expenses $248K
75%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 65%——
Overhead ratio 35%——
Fundraising cost ratio 0%——
Revenue growth 54%——
Accounting fee ratio 9%——

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 3 funders$29K
See all 3 funders →
Grants paid · 1 grant · $605K · 2020–2020

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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
FY2023 (Latest)$363K revenue · viewing · ⤓ 990 PDF
FY2022not on file
FY2021$236K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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