Johnson County Library Foundation EIN 74-2830491 Form 990 (PDF) Claim this org

Johnson County Library Foundation FY2023 filing

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Builds endowment and secures support for library collections and lifelong learning programs. For fiscal year 2023 it reported $431K in revenue, $479K in expenses, and $4.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Overland Park, KS
Website
www.jocolibraryfoundation.org
Filings
5 on file (2020–2023)
Revenue
$431KFY2023
Expenses
$479K
Net assets
$4.0M
People
24
Filings
5
Updates
0
More identity details & actions ⌄
EIN  74-2830491 Public charity (501(c)(3)) Overland Park, KS
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Builds endowment and secures support for library collections and lifelong learning programs.
Leadership
Erwin Abrams · Director
Money in and out
$431K revenue, $479K expenses
Bottom line
51% program efficiency
Where the money goes · FY2023
Total revenue
$431K
Pt VIII · Ln 12
Total expenses
$479K
Pt IX · Ln 25
Net assets
$4.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$48K
Where spending went · Part IX cols B–D
Program services $0.51 Management & general $0.19 Fundraising $0.30
Program efficiency
51%
of spending reaches programs
Operating runway
10.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$431K
FY2023▼ -57%
Expenses
$479K
FY2023▲ +26%
Total assets
$4.0M
FY2023▲ +8%
Total liabilities
$14K
FY2023▲ +136%
Total revenue
$431K
Pt VIII · Ln 12
Total expenses
$479K
Pt IX · Ln 25
Net assets
$4.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$48K
Total assetsPt X · Ln 16$4.0M
Program-expense ratioPt IX · col B51%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 424
Mission & Programs · Part III

Where the work happens

3 program services account for $245K of program spending, described in the organization's own filed words · FY2023.
01

Race Project Kc

This program offers experiences to learn the history of racial segregation in the surrounding counties and how it continues to impact us today. In 2023, the advisory board of race project created a framework for the future of the program and how it will resource and reach more high school students.

$125Kprogram expense
02

Collections Support

The johnson county library foundation's mission is to build an endowment to support the library's collection and secure support for life-long learning resources. The foundation gives an annual disbursement from invested funds to the library in support of collection materials.

$110Kprogram expense
03

Black & Veatch Makerspace

The makerspace provides space and resources for library patrons to access equipment for projects including 3d printers, wood cutting, sewing machines, and other machines.

$10Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJohnson County Library Foundation
EINHdr · item D74-2830491
Principal addressHdr · item COverland Park, KS
WebsiteHdr · item Jwww.jocolibraryfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B117)
Ruling yearIRS BMFFeb 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a24
Independent voting membersPt VI · Ln 1b24
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$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
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Johnson County Library Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$353K · 82%
Investment income$120K · 28%
Contributions & grants82%$353K
Investment income28%$120K
Total revenueLn 12$431K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.51 Management & general $0.19 Fundraising $0.30
Program services51%$245K
Management & general19%$93K
Fundraising30%$142K
Total functional expensesLn 25$479K

Balance Sheet

Part X · end of year
CashLn 1$412K
Total assetsLn 16$4.0M
Total liabilitiesLn 26$14K
Total net assetsLn 32$4.0M
Months of cash on handcomputed10.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $412K · Operating expenses (Pt IX) $479K · Less non-cash grants $11K · Cash operating expenses/yr $468K
10.6 months
Where the money goes
Program services
Program services $245K · Total expenses $479K
51%
Management & General
Management & general $93K · Total expenses $479K
19%
Fundraising
Fundraising $142K · Total expenses $479K
30%
Cost to raise $1
Fundraising expense (3-yr avg) $106K · Solicited contributions (3-yr avg) $532K
$0.20 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $353K · Total revenue $431K
82%
Government reliance
Government grants — · Total revenue $431K
Earned-income share
Program service revenue $0 · Total revenue $431K
0%
Investment reliance
Investment income $120K · Total revenue $431K
+28%
Program self-sufficiency
Program service revenue $0 · Total expenses $479K
0%
Growth & trend
Revenue growth (YoY)
This year $431K · Prior year $993K
-57%
Net-asset trend (YoY)
End of year $4.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $431K · Expenses $479K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $4.0M
Net-asset ratio
Net assets $4.0M · Total assets $4.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Erwin Abrams · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $479K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $479K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 51%
Overhead ratio 19%
Fundraising cost ratio 40%
Revenue growth -57%
Accounting fee ratio 8%

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 2 funders$152K
Grants paid · 5 grants · $574K · 2020–2024
Johnson County LibraryFY2024$124,518
Johnson County LibraryFY2023$109,518
Johnson County LibraryFY2022$126,194
Johnson County LibraryFY2021$122,864
Johnson County LibraryFY2020$91,095

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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
FY2024 (Latest)$493K revenue · ⤓ 990 PDF
FY2023$431K revenue · viewing · ⤓ 990 PDF
FY2022$993K revenue · ⤓ 990 PDF
FY2021$539K revenue · ⤓ 990 PDF
FY2020$1.1M 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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