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Nonprofiteer
← RAPID CITY LIBRARY FOUNDATION INC

Form 990 for tax year 2022

Filed by RAPID CITY LIBRARY FOUNDATION INC.

Totals

Total revenue
$250,092
Total expenses
$98,777
Contributions and grants received
$264,347
Grants paid
$0
Program service revenue
$0
Investment income
-$14,255
Other revenue
$0
Total assets, end of year
$1,361,974
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,361,974
Program services expenses (Part IX)
$82,653
Management and general expenses
$15,962
Fundraising expenses
$162
Program service expenses (Part III)
$82,653

Program services were 83.7% 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

    $264,347

  • 3 · Investment income

    total $18,832 · excluded $18,832

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

    securities $33,087

  • 7c · Gain or loss

    securities -$33,087

  • 7d · Net gain or loss

    total -$33,087 · related or exempt -$33,087

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,735 · management and general $2,735

  • 11f · Fees: investment management

    total $13,227 · management and general $13,227

  • 13 · Office expenses

    total $965 · program services $803 · fundraising $162

  • 14 · Information technology

    total $2,163 · program services $2,163

  • 19 · Conferences, conventions and meetings

    total $874 · program services $874

  • 23 · Insurance

    total $813 · program services $813

  • 24a · Other expenses: LIBRARY MATERIALS

    total $78,000 · program services $78,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $183,373 · end of year $161,075

  • 11 · Investments: publicly traded securities

    beginning of year $1,193,633 · end of year $1,200,899

  • 27 · Net assets without donor restrictions

    beginning of year $183,373 · end of year $161,075

  • 28 · Net assets with donor restrictions

    beginning of year $1,193,633 · end of year $1,200,899

Mission and programs · 2022

Mission

PROMOTION OF THE CONTINUED GROWTH AND DEVELOPMENT OF THE PUBLIC LIBRARY IN RAPID CITY, SD, ITS GENERAL WELFARE, AND PUBLIC RELATIONS, AS WELL AS INCREASING THE SIZE AND NUMBER OF HOLDINGS OF LIBRARY MATERIALS.

  • THE FOUNDATION HELPED RAPID CITY PUBLIC LIBRARY PURCHASE A BOOKMOBILE TO ASSIST INDIVIDUALS THAT DO NOT HAVE TRANSPORTATION TO OUR LIBRARY FACILITY. THE FOUNDATION MAINTAINS LOCAL HISTORY ROOM THAT HOUSES HISTORICAL DOCUMENTS IN A CLIMATE CONTROLLED SPACE, CREATING A NEW COMMUNITY SPACE OFFERING RESOURCES TO ENHANCE LEARNING THROUGH SCIENCE, AND A "BOOKS FOR BABIES" PROGRAM THAT PROVIDES NEW PARENTS A LIBRARY GIFT PACK THAT PROMOTES EARLY LITERACY.

    Expenses $82,653

As filed on the 2022 return.

Listed in Part VII

  • Sharon Hasvold

    DIRECTOR

    Total calculated
    $0

  • John Hill

    TREASURER

    Total calculated
    $0

  • Barbara Ice

    DIRECTOR

    Total calculated
    $0

  • Christine Jones

    DIRECTOR

    Total calculated
    $0

  • Ruth Ann Karlen

    VICE-PRESIDE

    Total calculated
    $0

  • Paula Smith

    DIRECTOR

    Total calculated
    $0

  • Tyler Wetering

    PRESIDENT

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
5 May 2023
IRS schema version
2022v5.0
Source object
202311299349304826

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