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Nonprofiteer
← ALLEN COUNTY PUBLIC LIBRARY FOUNDATION

Form 990 for tax year 2022

Filed by ALLEN COUNTY PUBLIC LIBRARY FOUNDATION.

Totals

Total revenue
$5,257,427
Total expenses
$1,776,176
Contributions and grants received
$38,175
Grants paid
$1,665,026
Program service revenue
$8,592
Investment income
$5,205,592
Other revenue
$5,068
Total assets, end of year
$23,282,294
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$23,282,294
Program services expenses (Part IX)
$1,668,363
Management and general expenses
$106,342
Fundraising expenses
$1,471
Program service expenses (Part III)
$1,668,363

Program services were 93.9% 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.

  • 1f · All other contributions, gifts and grants

    $38,175

  • 2a · Program service revenue: GENEOLOGY MATERIALS FEES

    total $8,592 · excluded $8,592

  • 3 · Investment income

    total $1,439,546 · excluded $1,439,546

  • 7a · Gross sales of assets other than inventory

    securities $25,773,385

  • 7b · Less cost or other basis and sales expenses

    securities $22,007,339

  • 7c · Gain or loss

    securities $3,766,046

  • 7d · Net gain or loss

    total $3,766,046 · excluded $3,766,046

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $5,068 · excluded $5,068

  • 11e · Other revenue, total

    $5,068

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,665,026 · program services $1,665,026

  • 11b · Fees: legal

    total $638 · management and general $638

  • 11c · Fees: accounting

    total $8,700 · management and general $8,700

  • 11f · Fees: investment management

    total $97,004 · management and general $97,004

  • 11g · Fees: other

    total $4,808 · program services $3,337 · fundraising $1,471

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $159,919 · end of year $90,147

  • 2 · Savings and temporary cash investments

    beginning of year $528,924 · end of year $458,290

  • 3 · Pledges and grants receivable

    beginning of year $345,000

  • 11 · Investments: publicly traded securities

    beginning of year $22,268,133 · end of year $22,686,385

  • 15 · Other assets

    beginning of year $66,943 · end of year $47,472

  • 27 · Net assets without donor restrictions

    beginning of year $7,036,971 · end of year $7,082,734

  • 28 · Net assets with donor restrictions

    beginning of year $16,331,948 · end of year $16,199,560

Mission and programs · 2022

Mission

TO SUPPORT THE PROGRAMS AND SERVICES OF THE ALLEN COUNTY PUBLIC LIBRARY.

  • THE FOUNDATION PROVIDES GRANTS TO THE ALLEN COUNTY PUBLIC LIBRARY FOR THE PURCHASE OF MATERIALS INCLUDING BOOKS,MICROFILM, MICROFICHE, AND OTHER MATERIALS. THE FOUNDATION ALSO GIVES GRANTS TO THE LIBRARY TO SUPPORT ITS OPERATIONS AND VARIOUS LIBRARY PROGRAMS.

    Expenses $1,668,363 · Grants $1,665,026 · Revenue $8,592

As filed on the 2022 return.

Listed in Part VII

  • David Sedestrom

    ASSISTANT TR

    Total calculated
    $158,970
    From this org
    $0
    From related orgs
    $118,601
    Other
    $40,369
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $118,601 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $40,369 related
    Filer's total
    not reported + $158,970 related

  • Kent Castleman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephen Chapman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Madelane Elston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Hancock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Zach Higgins

    ASSISTANT TR

    Total calculated
    $0
    Hours/week
    1

  • W Michael Horton

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Susan Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Davyd Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard E Beck Jr

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Stan Richard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kathyrn Rudebush

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Dara Spearman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Reneta Thurairatnam

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lisa Worrell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • ALLEN COUNTY PUBLIC LIBRARY

    $1,665,026

    PROGRAMS & MATERIALS

Provenance

Return type
form_990
Tax year
2022
Filed
2 February 2024
IRS schema version
2022v5.0
Source object
202440339349300404

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