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Nonprofiteer
← CEDAR RAPIDS PUBLIC LIBRARY FOUNDATION

Form 990 for tax year 2023

Filed by CEDAR RAPIDS PUBLIC LIBRARY FOUNDATION.

Totals

Total revenue
$4,184,287
Total expenses
$644,945
Contributions and grants received
$3,853,857
Grants paid
$200,791
Program service revenue
$0
Investment income
$328,930
Other revenue
$1,500
Total assets, end of year
$16,356,874
Total liabilities, end of year
$1,786,586
Net assets or fund balances, end of year
$14,570,288
Program services expenses (Part IX)
$295,647
Management and general expenses
$171,601
Fundraising expenses
$177,697
Program service expenses (Part III)
$295,647

Program services were 45.8% 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

    $18,549

  • 1f · All other contributions, gifts and grants

    $3,835,308

  • 1g · Noncash contributions included above

    $111,149

  • 3 · Investment income

    total $243,834 · excluded $243,834

  • 7a · Gross sales of assets other than inventory

    securities $4,114,887

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

    securities $4,029,791

  • 7c · Gain or loss

    securities $85,096

  • 7d · Net gain or loss

    total $85,096 · excluded $85,096

  • 8a · Fundraising events: gross income

    $5,402

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

    $18,549

  • 8b · Fundraising events: direct expenses

    $5,402

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $1,500 · related or exempt $1,500

  • 11e · Other revenue, total

    $1,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $63,586 · program services $63,586

  • 2 · Grants to domestic individuals

    total $137,205 · program services $137,205

  • 5 · Compensation of officers, directors and key employees

    total $124,474 · program services $37,342 · management and general $12,447 · fundraising $74,685

  • 7 · Other salaries and wages

    total $88,431 · program services $31,157 · management and general $26,116 · fundraising $31,158

  • 9 · Other employee benefits

    total $35,874 · program services $17,937 · fundraising $17,937

  • 10 · Payroll taxes

    total $14,128 · program services $4,543 · management and general $2,883 · fundraising $6,702

  • 11c · Fees: accounting

    total $65,274 · management and general $65,274

  • 11e · Fees: professional fundraising services

    total $24,919 · fundraising $24,919

  • 11f · Fees: investment management

    total $46,562 · management and general $46,562

  • 12 · Advertising and promotion

    total $2,214 · fundraising $2,214

  • 13 · Office expenses

    total $21,145 · management and general $4,750 · fundraising $16,395

  • 14 · Information technology

    total $3,120 · fundraising $3,120

  • 16 · Occupancy

    total $6,998 · management and general $6,998

  • 19 · Conferences, conventions and meetings

    total $5,112 · management and general $5,112

  • 24e · All other expenses

    total $5,903 · program services $3,877 · management and general $1,459 · fundraising $567

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $115,554 · end of year $329,487

  • 2 · Savings and temporary cash investments

    beginning of year $188,727 · end of year $1,115,840

  • 3 · Pledges and grants receivable

    beginning of year $429,129 · end of year $2,713,943

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,940 · end of year $12,685

  • 10a · Land, buildings and equipment: cost or other basis

    $3,514,051

  • 10c · Land, buildings and equipment, net

    beginning of year $3,508,453 · end of year $3,514,051

  • 11 · Investments: publicly traded securities

    beginning of year $9,129,711 · end of year $8,656,150

  • 15 · Other assets

    beginning of year $13,892 · end of year $14,718

  • 17 · Accounts payable and accrued expenses

    beginning of year $51,670 · end of year $59,895

  • 23 · Secured mortgages and notes payable

    beginning of year $3,100,000 · end of year $1,726,691

  • 27 · Net assets without donor restrictions

    beginning of year $5,532,933 · end of year $6,120,298

  • 28 · Net assets with donor restrictions

    beginning of year $4,712,803 · end of year $8,449,990

Mission and programs · 2023

Mission

THE FOUNDATION MOBILIZES RESOURCES AND RELATIONSHIPS THAT EMPOWER OUR LIBRARY TO DELIVER INNOVATIVE PROGRAMS AND SERVICES.

Activities or mission (Part I)

THE FOUNDATION MOBILIZES RESOURCES AND RELATIONSHIPS THAT EMPOWER OUR LIBRARY.

  • THE CEDAR RAPIDS PUBLIC LIBRARY FOUNDATION SUPPORTED OUR LIBRARY'S EFFORTS TO PROMOTE ACCESS, LITERACY, AND INCLUSION FOR ALL AGES. DOLLY PARTON'S IMAGINATION LIBRARY ENTERED ITS SIXTH YEAR OF SENDING FREE, AGE-APPROPRIATE BOOKS TO CHILDREN UNDER 5 IN CEDAR RAPIDS. AS OF JUNE 30, 2024, WE HAVE MAILED MORE THAN 405,000 BOOKS TO CHILDREN IN CEDAR RAPIDS, AND MORE THAN 7,376 HAVE GRADUATED FROM THE PROGRAM. OUR LIBRARY'S PARTNERSHIP WITH CARGILL ENTERED ITS 33RD YEAR AND CONTINUES TO FUND OUTREACH PROGRAMS FOR PRESCHOOLS SERVING AT-RISK CHILDREN. DURING THE 2023-24 SCHOOL YEAR, LIBRARY STAFF PROVIDED SIX CLASSROOM VISITS PER MONTH (54 VISITS THROUGHOUT THE YEAR) REACHING A TOTAL OF 122 PRESCHOOLERS AGES TWO TO FIVE. THEY ALSO DELIVERED 1,098 BOOKS ALONG WITH CUSTOMIZED ACTIVITY SHEETS FOR EACH BOOK.

    Expenses $213,218 · Grants $147,604

  • THE CEDAR RAPIDS PUBLIC LIBRARY FOUNDATION CONTINUES TO SUPPORT OUR LIBRARY'S EFFORTS TO PROVIDE ACCESS TO ROBUST MATERIALS THROUGH THEIR PRINT AND ONLINE COLLECTIONS. IN 2022, THE LIBRARY ASKED THE FOUNDATION TO FUND PRESSREADER. THIS DIGITAL RESOURCE OFFERS UNLIMITED ACCESS TO OVER 7,000 OF THE WORLD'S TOP NEWSPAPERS AND MAGAZINES. SUPPORTING ACCESS AND INCLUSION, THIS RESOURCE OFFERS PUBLICATIONS FROM COUNTRIES AROUND THE WORLD. TITLES OUR PATRONS CAN ACCESS INCLUDE THE GUARDIAN, LOS ANGELES TIMES, NEWSWEEK, DAILY MAIL, L'EQUIPE, DER TAGGESSPIEGEL, LIBERATION, CHINA DAILY, AND LARAZON, ALONG WITH THOUSANDS OF OTHERS. IN FY24, 338 UNIQUE USERS VIEWED MORE THAN 61,000 ITEMS. THE LANGUAGES ACCESSED INCLUDE ENGLISH, SPANISH, GERMAN, FRENCH, CHINESE, NORWEGIAN, ITALIAN, PORTUGUESE, POLISH, GUJARATI, TAGALOG, THAI, AND TURKISH.

    Expenses $49,817 · Grants $34,487

  • AN INNOVATIVE ADDITION TO THE LIBRARY'S PROGRAMS AND OUTREACH IN 2021 WAS A MOBILE TECHNOLOGY LAB (MTL). IN FY24, THE MTL CONTINUED OFFERING TECH TO GO PROGRAMS THROUGHOUT THE COMMUNITY. THE VAN MADE 44 PARK VISITS ACROSS 18 UNIQUE LOCATIONS AND SERVED MORE THAN 6,500 PEOPLE. ADDITIONALLY, THE LIBRARY'S MTL CONDUCTED 120 OUTREACH VISITS AND LED 64 TOTAL PROGRAMS THROUGHOUT CEDAR RAPIDS. OUR LIBRARY'S INTERGENERATIONAL READING PROGRAM KNOWN AS THE SUMMER READING CHALLENGE RETURNED TO IN-PERSON PROGRAMS IN 2022, AND BROUGHT BACK LARGE-SCALE PROGRAMMING EVENTS IN 2023. THIS SUMMER (2024), THERE WERE 2,401 READERS REGISTERED AND COLLECTIVELY, THESE REGISTRANTS READ MORE THAN 3.1 MILLION MINUTES IN JUNE AND JULY. FOR THE INTERACTIVE, IN-PERSON COMPONENT, LIBRARY STAFF HOSTED OVER 430 PROGRAMS WITH ATTENDANCE OF MORE THAN 20,000 PEOPLE.

    Expenses $18,345 · Grants $12,700

  • THE LIBRARY FOUNDATION CONTINUES TO SUPPORT OUR LIBRARY STAFF YEAR-ROUND WITH CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES. THE LIBRARY FOUNDATION USES STORYTELLING TO RAISE AWARENESS OF LIBRARY PROGRAMS AND SERVICES THROUGH NEWSLETTER PUBLICATIONS AND BROCHURES SHARED AT SPEAKING EVENTS.

    Expenses $14,267 · Grants $6,000 · Revenue $1,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHARITY TYLER

    EXECUTIVE DIRECTOR

    Total calculated
    $119,557
    From this org
    $0
    From related orgs
    $90,908
    Other
    $28,649
    Hours/week
    45

  • MEGAN MURPHY-SALYER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • JULIE ROSENBOHM

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • SALMA IGRAM

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BEN CLARK

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3

  • SEAN WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • ANDREW GORDON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • DEREK JOHANSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • PAT SAUTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • JENNIFER PEDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • JEN CONWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • MARC WALLACE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • JADE HART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • MONICA CHALLENGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • RICK KULLANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • CLINT TWEDT-BALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BIG DREAMS LLC

    REAL ESTATE HOLDINGS · IA · assets $3,564,272

    Directly controlled by CEDAR RAPIDS PUBLIC LIBRARY FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423199349314162

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