Stark County District Library Foundation FY2023 filing

Tax-deductible

Canton, OH501(c)(3)EducationEIN 65-1278788Revenue $126K in FY2023

On file with the IRSstarklibrary.org715 Market Ave N, 44702-1018 · Canton, OHTax-exempt since Sep 2006Supporting organization — 509(a)(3)

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Support of the Stark County District Library.

501(c)(3) charity; gifts are tax-deductible.
69¢ 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
5 of 5
filings with a surplus
Average surplus $80K a year · 69% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
280 mo
of spending, in cash
Looks good: 279.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
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
31
of 31 voting members
Looks good: 31 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$126K
+110% vs prior year
Spent
$36K
To programs
69%
Net assets
$844K
By yearFY2020–FY2024
Revenue
$126K
FY2023▲ +110%
Tap a bar for its year
Revenue by fiscal year
FY2020$105K
FY2021$129K
FY2022$60K
FY2023$126K
FY2024$160K
Expenses
$36K
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$10K
FY2021$59K
FY2022$35K
FY2023$36K
FY2024$40K
Net assets
$844K
FY2023▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$658K
FY2021$728K
FY2022$754K
FY2023$844K
FY2024$964K

From the FY2023 Form 990 · see the original

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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 Sep 2006.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $25K Management & general 31% · $11K

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

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Who runs it and what they're paid

31 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Stark County District 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

Fund library programs and resources for the community.

Questions for Stark County District Library Foundation

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Provided by the organization

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1 program · $25K · in their own filed words · FY2023
01

Financial support of the Stark County District Library

$25Kprogram expense

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 · FY2021
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$126K
Ln 12
Investment incomeLn 3$82K
Other incomeLn 4–11$40K
Gifts and grantsLn 1h$4K
Money outPt IX
$36K
Ln 25
Programscol B$25K
Managementcol C$11K
Owns and owesPt X
$844K
net assets · Ln 32
Cash and savingsLn 1–2$844K
Total assetsLn 16$844K
LiabilitiesLn 26$0
PeoplePt VI, VII
31
listed · VII A
PaidVII A0
Voting boardVI 1a31
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Investment incomeLn 3$82K
Other incomeLn 4–11$40K
Gains on assetsLn 7$71K
Total revenueLn 12$126K
Assets in detailPt X, end of year
CashLn 1$104K
SavingsLn 2$740K
Cash and savings togetherLn 1–2$844K
Total assetsLn 16$844K
LiabilitiesLn 26$0
Net assetsLn 32$844K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$754K$844K
Total assetsLn 16$754K$844K
LiabilitiesLn 26$0$0
Net assetsLn 32$754K$844K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$5K$5K
InsuranceLn 23$726$726
Other expenses (24a–d)Ln 24$30K$25K$5K
All other expensesLn 24e$432$432
Total functional expensesLn 25$36K$25K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $160K$40K$120K$964K 990 PDF
FY2023 Viewing $126K$36K$90K$844K 990 PDF
FY2022 $60K$35K$25K$754K 990 PDF
FY2021 $129K$59K$70K$728K 990 PDF
FY2020 $105K$10K$95K$658K 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 (6 parts)
Part I · Summary $126,477 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $102,785$4,330
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$56,765$82,103
I-11 Other revenuePrior year $14,278$40,044
I-12 Total revenuePrior year $60,298$126,477
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $34,906$36,212
I-18 Total expensesPrior year $34,906$36,212
I-19 Revenue less expensesPrior year $25,392$90,265
Part VI · Governance 31 of 31 board members independent, 3 to look at
VI-1a Voting members of the governing body31
VI-1b Independent voting members31
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $126,477 across 6 lines filed
VIII-1f All other contributions, gifts and grants$4,330
VIII-1h Total contributions, gifts and grants$4,330
VIII-3 Investment incomeRelated to mission $10,772$10,772
VIII-7 Net gain or loss on sales of assetsRelated to mission $71,331$71,331
VIII-8 Net income from fundraising eventsExcluded from tax $40,044$40,044
VIII-12 Total revenueRelated to mission $82,103 · Unrelated business $0 · Excluded from tax $40,044$126,477
Part IX · Statement of functional expenses $36,212 across 4 lines filed
IX-11f Investment management feesManagement $5,078$5,078
IX-23 InsuranceManagement $726$726
IX-24 Other expenses (24a–d)Programs $25,000 · Management $4,976$29,976
IX-24e All other expensesManagement $432$432
IX-25 Total functional expensesPrograms $25,000 · Management $11,212 · Fundraising $0$36,212
Part X · Balance sheet $844,141 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $120,994$104,234
X-2 Savings and temporary cash investmentsStart of year $632,882$739,907
X-16 Total assetsStart of year $753,876$844,141
X-26 Total liabilitiesStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $753,876$844,141
X-32 Total net assets or fund balancesStart of year $753,876$844,141
X-33 Total liabilities and net assetsStart of year $753,876$844,141
Part XI · Reconciliation of net assets $844,141 net assets at year end
XI-1 Total revenue$126,477
XI-2 Total expenses$36,212
XI-3 Revenue less expenses$90,265
XI-4 Net assets at start of year$753,876
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$844,141

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

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