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← LESTER PUBLIC LIBRARY FOUNDATION INC

Form 990 for tax year 2022

Filed by LESTER PUBLIC LIBRARY FOUNDATION INC.

Totals

Total revenue
$145,446
Total expenses
$85,274
Contributions and grants received
$88,747
Grants paid
$77,286
Program service revenue
$0
Investment income
$56,699
Other revenue
$0
Total assets, end of year
$1,261,747
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,261,747
Program services expenses (Part IX)
$83,167
Management and general expenses
$2,107
Fundraising expenses
$0
Program service expenses (Part III)
$83,167

Program services were 97.5% 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

    $88,747

  • 3 · Investment income

    total $24,925 · excluded $24,925

  • 7a · Gross sales of assets other than inventory

    securities $31,774

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

    securities $0

  • 7c · Gain or loss

    securities $31,774

  • 7d · Net gain or loss

    total $31,774 · excluded $31,774

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $77,286 · program services $77,286

  • 11c · Fees: accounting

    total $2,043 · management and general $2,043

  • 11f · Fees: investment management

    total $5,881 · program services $5,881

  • 24a · Other expenses: REGISTRATION AND FILING

    total $64 · management and general $64

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,357 · end of year $51,497

  • 15 · Other assets

    beginning of year $1,476,552 · end of year $1,210,250

  • 27 · Net assets without donor restrictions

    beginning of year $1,478,909 · end of year $1,261,747

Mission and programs · 2022

Mission

THROUGH GIFTS AND ENDOWMENTS TO SUPPORT AND ENHANCE NEW TECHNOLOGIES, PROGRAMS, FACILITIES, AND COLLECTIONS AT THE LESTER PUBLIC LIBRARY FOR THE BENEFIT OF THE TWO RIVERS COMMUNITY.

Activities or mission (Part I)

TO SUPPORT NEW TECHNOLOGIES, PROGRAMS, FACILITIES, AND COLLECTIONS AT THE LESTER PUBLIC LIBRARY.

  • IN 2022, EARNINGS FROM THE FOUNDATION ENDOWMENT FUND PROVIDED FUNDS FOR THE CHILDREN'S SUMMER READING PROGRAM, LIBRARY'S LARGE PRINT BOOK COLLECTION, ADULT PROGRAMMING, AND NATIONAL LIBRARY WEEK ACTIVITIES.

    Expenses $83,167 · Grants $77,286

As filed on the 2022 return.

Listed in Part VII

  • Collette Tegen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Teri Wagner

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Robert Fay

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Carpenter

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Sharon Sleger

    LPL BOARD OF TRUSTEES REP

    Total calculated
    $0
    Hours/week
    1

  • Ned Guyette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Schroeder

    DIRECTOR

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
21 June 2023
IRS schema version
2022v5.0
Source object
202301799349300310

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