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Nonprofiteer
← IOWA CITY PUBLIC LIBRARY FRIENDS FOUNDATION

Form 990 for tax year 2022

Filed by IOWA CITY PUBLIC LIBRARY FRIENDS FOUNDATION.

Totals

Total revenue
$285,023
Total expenses
$365,310
Contributions and grants received
$217,075
Grants paid
$143,507
Program service revenue
$0
Investment income
$56,881
Other revenue
$11,067
Total assets, end of year
$2,179,610
Total liabilities, end of year
$278,253
Net assets or fund balances, end of year
$1,901,357
Program services expenses (Part IX)
$143,507
Management and general expenses
$162,566
Fundraising expenses
$59,237
Program service expenses (Part III)
$143,507

Program services were 39.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $16,985

  • 1f · All other contributions, gifts and grants

    $200,090

  • 3 · Investment income

    total $56,881 · excluded $56,881

  • 8a · Fundraising events: gross income

    $3,418

  • 8a · Fundraising events: contributions included on line 1c

    $16,985

  • 8b · Fundraising events: direct expenses

    $13,546

  • 8c · Net income from fundraising events

    total -$10,128 · excluded -$10,128

  • 10a · Gross sales of inventory

    $21,195

  • 10c · Net income from sales of inventory

    total $21,195 · excluded $21,195

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $143,507 · program services $143,507

  • 11a · Fees: management

    total $192,288 · management and general $146,139 · fundraising $46,149

  • 11c · Fees: accounting

    total $2,580 · management and general $2,580

  • 11f · Fees: investment management

    total $7,436 · fundraising $7,436

  • 11g · Fees: other

    total $3,748 · management and general $3,748

  • 12 · Advertising and promotion

    total $117 · fundraising $117

  • 13 · Office expenses

    total $5,670 · management and general $135 · fundraising $5,535

  • 14 · Information technology

    total $5,009 · management and general $5,009

  • 19 · Conferences, conventions and meetings

    total $2,940 · management and general $2,940

  • 23 · Insurance

    total $2,015 · management and general $2,015

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,156 · end of year $18,962

  • 2 · Savings and temporary cash investments

    beginning of year $130,142 · end of year $130,609

  • 11 · Investments: publicly traded securities

    beginning of year $1,621,096 · end of year $1,751,786

  • 15 · Other assets

    beginning of year $264,266 · end of year $278,253

  • 25 · Other liabilities

    beginning of year $264,266 · end of year $278,253

  • 27 · Net assets without donor restrictions

    beginning of year $609,671 · end of year $577,687

  • 28 · Net assets with donor restrictions

    beginning of year $1,224,723 · end of year $1,323,670

Mission and programs · 2022

Mission

THE MISSION OF THE IOWA CITY PUBLIC LIBRARY FRIENDS FOUNDATION IS TO STRENGTHEN THE IOWA CITY PUBLIC LIBRARY THROUGH FUNDRAISING, ADVOCACY, AND PROMOTION OF ITS VALUABLE RESOURCES.

  • AN UNRESTRICTED AND UNDESIGNATED GIFT TO THE IOWA CITY PUBLIC LIBRARY FOR ITS USE TO PURCHASE BOOKS AND OTHER MATERIALS FOR THE LIBRARY'S COLLECTIONS.

    Expenses $117,500 · Grants $117,500

  • PASS-THROUGH GIFTS FOR THE IOWA CITY PUBLIC LIBRARY WERE RECEIVED BY THE FRIENDS FOUNDATION AND SUBSEQUENTLY PASSED ON TO THE LIBRARY.

    Expenses $26,007 · Grants $26,007

As filed on the 2022 return.

Listed in Part VII

  • AMY BEST

    PRESIDENT -

    Total calculated
    $0
    Hours/week
    2

  • MAEVE CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIN DOUGHERTY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • ERIN ELGIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • MARC FALK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIDGET FEAGLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL FURLONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY GALLUZZO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL GARDAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS LOFTUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NICKI MAURUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARB MCFADDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNY OLSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNY THOMAS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202313189349309786

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