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Nonprofiteer
← JKM LIBRARY TRUST

Form 990 for tax year 2022

Filed by JKM LIBRARY TRUST.

Totals

Total revenue
$825,092
Total expenses
$841,132
Contributions and grants received
$825,092
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$366,789
Total liabilities, end of year
$89,639
Net assets or fund balances, end of year
$277,150
Program services expenses (Part IX)
$698,987
Management and general expenses
$142,145
Fundraising expenses
$0
Program service expenses (Part III)
$698,987

Program services were 83.1% 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.

  • 1d · Related organizations

    $821,230

  • 1f · All other contributions, gifts and grants

    $3,862

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $13,936 · management and general $13,936

  • 11g · Fees: other

    total $382,640 · program services $267,490 · management and general $115,150

  • 13 · Office expenses

    total $26,548 · program services $13,489 · management and general $13,059

  • 16 · Occupancy

    total $263,817 · program services $263,817

  • 22 · Depreciation, depletion and amortization

    total $120,497 · program services $120,497

  • 23 · Insurance

    total $4,148 · program services $4,148

  • 24a · Other expenses: ONLINE PERIODICALS

    total $29,546 · program services $29,546

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $235 · end of year $235

  • 4 · Accounts receivable

    beginning of year $27,656 · end of year $68,085

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,954 · end of year $0

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

    $4,087,372

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,788,903

  • 10c · Land, buildings and equipment, net

    beginning of year $310,884 · end of year $298,469

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,539 · end of year $89,639

  • 27 · Net assets without donor restrictions

    beginning of year $293,190 · end of year $277,150

Mission and programs · 2022

Mission

THE JKM LIBRARY TRUST COMPRISING ITS STAFF, SERVICES, SYSTEMS, FUNCTIONS, MATERIALS AND VIRTUAL RESOURCES EXISTS PRIMARILY TO SUPPORT THE MISSIONS AND PROGRAMS OF THE LUTHERAN SCHOOL OF THEOLOGY AT CHICAGO AND MCCORMICK THEOLOGICAL SEMINARY.

  • THE JKM LIBRARY TRUST (THE LIBRARY) PROVIDES A COOPERATIVE THEOLOGICAL LIBRARY OPERATED AND MAINTAINED FOR MCCORMICK THEOLOGICAL SEMINARY AND THE LUTHERAN SCHOOL OF THEOLOGY AT CHICAGO. THE TWO ORGANIZATIONS FUND THE COST OF OPERATIONS AND SHARE MANAGEMENT FUNCTIONS.

    Expenses $698,987

As filed on the 2022 return.

Listed in Part VII

  • David Crawford

    CO-CHAIR

    Total calculated
    $317,576
    From this org
    $0
    From related orgs
    $270,903
    Other
    $46,673
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,903 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,225 related
    Nontaxable benefits
    $0 + $30,448 related
    Filer's total
    $0 + $317,576 related

  • James R Nieman

    CO-CHAIR

    Total calculated
    $253,444
    From this org
    $0
    From related orgs
    $208,386
    Other
    $45,058
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,386 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $25,230 related
    Nontaxable benefits
    $0 + $19,828 related
    Filer's total
    $0 + $253,444 related

  • Steed Davidson

    TRUSTEE

    Total calculated
    $79,019
    From this org
    $0
    From related orgs
    $64,210
    Other
    $14,809
    Hours/week
    1 + 40 related

  • Mark Swanson

    TRUSTEE

    Total calculated
    $121,188
    From this org
    $0
    From related orgs
    $82,301
    Other
    $38,887
    Hours/week
    1 + 40 related

  • Esther Menn

    TRUSTEE

    Total calculated
    $155,963
    From this org
    $0
    From related orgs
    $97,658
    Other
    $58,305
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $97,658 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,514 related
    Nontaxable benefits
    $0 + $45,791 related
    Filer's total
    $0 + $155,963 related

  • Annette Huizenga

    TRUSTEE

    Total calculated
    $50,503
    From this org
    $0
    From related orgs
    $48,303
    Other
    $2,200
    Hours/week
    1

  • Ken Sawyer

    TRUSTEE

    Total calculated
    $126,556
    From this org
    $0
    From related orgs
    $96,314
    Other
    $30,242
    Hours/week
    1

  • Ozzie Smith

    TRUSTEE

    Total calculated
    $7,500
    From this org
    $0
    From related orgs
    $7,500
    Other
    $0
    Hours/week
    1

  • Mark Bartusch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barry Hopkins

    INTERIM DIRECTOR OF JKM LIBRARY

    Total calculated
    $110,479
    From this org
    $0
    From related orgs
    $90,963
    Other
    $19,516
    Hours/week
    35

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

No itemized grants to organizations 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
13 May 2024
IRS schema version
2022v5.0
Source object
202421369349305747

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