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The Library Foundation INC FY2023 filing

Tax-deductible

Gillette, WY501(c)(3) EIN 83-0234279Revenue $296K in FY2023

On file with the IRS2101 S 4j Rd, 82718-5205 · Gillette, WYTax-exempt since Dec 1976Publicly supported charity — 170(b)(1)(A)(vi)

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Support of the Library programs at campbell county public Library.

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
3 of 3
filings with a surplus
Average surplus $346K a year · 76% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Plus $2.9M in investments, Pt X · Ln 11–13
Looks good: 10.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$901K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$296K
-57% vs prior year
Spent
$113K
To programs
51%
Net assets
$2.1M
By yearFY2021–FY2024
Revenue
$296K
FY2023▼ -57%
Tap a bar for its year
Revenue by fiscal year
FY2021$697K
FY2023$296K
FY2024$376K
Expenses
$113K
FY2023▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2021$74K
FY2023$113K
FY2024$143K
Net assets
$2.1M
FY2023▼ -36%
Tap a bar for its year
Net assets by fiscal year
FY2021$3.3M
FY2023$2.1M
FY2024$2.3M

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
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 Dec 1976.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $58K Management & general 37% · $41K Fundraising 12% · $13K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Terri Lesley
Library Dire
$0Pt VII · Sec A
Cheryl Ballard
Vice-Preside
$0Pt VII · Sec A
Dara Corkery
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Deb Proctor
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Library Foundation INC 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

Funds library programs at Campbell County Public Library.

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3 programs · $47K · in their own filed words · FY2022
01

Staff Support

A top goal for the library is to foster staff development and a positive organizational culture. The library foundation supports this goal by assisting with costs for staff training and related travel as well as for expenses related to staff appreciation.

$21Kprogram expense
02

The library foundation is the fiscal sponsor of the dolly parton program. They agreed to be the fiscal sponsor because the project supports early literacy, which is also the purpose of the library. Fundraising is handled by two community members who took on this community project.

$14Kprogram expense
03

Art

Artwork is purchased for the campbell county public library for display. These pieces are purchased and maintained by the foundation.

$12Kprogram 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 · FY2024
Wyoming Community FoundationFY2024$11K
Total grants receivedfrom 1 funder$11K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$296K
Ln 12
Other incomeLn 4–11$249K
Fees for servicesLn 2g$30K
Gifts and grantsLn 1h$17K
Money outPt IX
$113K
Ln 25
Programscol B$58K
Managementcol C$41K
Fundraisingcol D$13K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$95K
Total assetsLn 16$3.0M
LiabilitiesLn 26$901K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17K
Government grantsLn 1e$4K
Fees for servicesLn 2g$30K
Investment incomeLn 3$585
Other incomeLn 4–11$249K
Total revenueLn 12$296K
Assets in detailPt X, end of year
CashLn 1$50K
SavingsLn 2$45K
Cash and savings togetherLn 1–2$95K
InvestmentsLn 11–13$2.9M
Land, buildings, equipmentLn 10c$42K
Total assetsLn 16$3.0M
LiabilitiesLn 26$901K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 51
VolunteersI 691
Fiscal year endsHeaderJune
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$71K$95K
InvestmentsLn 11–13$2.7M$2.9M
Land, buildings, equipmentLn 10c$46K$42K
Total assetsLn 16$2.8M$3.0M
LiabilitiesLn 26$902K$901K
Net assetsLn 32$1.9M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$5K$5K
Payroll taxesLn 10$448$448
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$22K$22K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$1K$1K
Depreciation, depletion and amortizationLn 22$5K$5K
Other expenses (24a–d)Ln 24$58K$58K
All other expensesLn 24e$16K$2K$13K
Total functional expensesLn 25$113K$58K$41K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $376K$143K$233K$2.3M 990 PDF
FY2023 Viewing $296K$113K$184K$2.1M 990 PDF
FY2022 Not on file
FY2021 $697K$74K$623K$3.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $296,411 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,976$16,762
I-9 Program service revenuePrior year $8,977$29,598
I-10 Investment incomePrior year $61,754$585
I-11 Other revenuePrior year $31,748$249,466
I-12 Total revenuePrior year $124,455$296,411
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $5,010$5,927
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $590,170$106,692
I-18 Total expensesPrior year $595,180$112,619
I-19 Revenue less expensesPrior year −$470,725$183,792
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $296,411 across 8 lines filed
VIII-1e Government grants$4,038
VIII-1f All other contributions, gifts and grants$12,724
VIII-1h Total contributions, gifts and grants$16,762
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $29,598$29,598
VIII-3 Investment incomeRelated to mission $585$585
VIII-8 Net income from fundraising events$25,775
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $223,691$223,691
VIII-12 Total revenueRelated to mission $224,276 · Excluded from tax $29,598$296,411
Part IX · Statement of functional expenses $112,619 across 9 lines filed
IX-7 Other salaries and wagesManagement $5,479$5,479
IX-10 Payroll taxesManagement $448$448
IX-11c Accounting feesManagement $4,395$4,395
IX-11f Investment management feesManagement $22,122$22,122
IX-12 Advertising and promotionManagement $1,075$1,075
IX-13 Office expensesManagement $1,084$1,084
IX-22 Depreciation, depletion and amortizationManagement $4,669$4,669
IX-24 Other expenses (24a–d)Programs $57,744$57,744
IX-24e All other expensesManagement $2,136 · Fundraising $13,467$15,603
IX-25 Total functional expensesPrograms $57,744 · Management $41,408 · Fundraising $13,467$112,619
Part X · Balance sheet $3,005,637 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $26,403$50,001
X-2 Savings and temporary cash investmentsStart of year $44,159$44,730
X-10c Land, buildings and equipment, netStart of year $46,440$41,771
X-11 Publicly traded securitiesStart of year $2,705,194$2,869,135
X-16 Total assetsStart of year $2,822,196$3,005,637
X-25 Other liabilitiesStart of year $901,763$901,412
X-26 Total liabilitiesStart of year $901,763$901,412
X-32 Total net assets or fund balancesStart of year $1,920,433$2,104,225
X-33 Total liabilities and net assetsStart of year $2,822,196$3,005,637
Part XI · Reconciliation of net assets $2,104,225 net assets at year end
XI-1 Total revenue$296,411
XI-2 Total expenses$112,619
XI-3 Revenue less expenses$183,792
XI-4 Net assets at start of year$1,920,433
XI-10 Net assets at end of year$2,104,225

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

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