Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $429,630

• 2a · Program service revenue: GENEOLOGY MATERIALS FEES

  total $5,076 · excluded $5,076

• 3 · Investment income

  total $2,200,640 · excluded $2,200,640

• 7a · Gross sales of assets other than inventory

  securities $3,081,280

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

  securities $2,715,197

• 7c · Gain or loss

  securities $366,083

• 7d · Net gain or loss

  total $366,083 · excluded $366,083

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,623,115 · program services $1,623,115

• 11c · Fees: accounting

  total $10,160 · management and general $10,160

• 11f · Fees: investment management

  total $106,267 · management and general $106,267

• 11g · Fees: other

  total $15,198 · management and general $15,198

• 13 · Office expenses

  total $1,961 · management and general $1,961

• 14 · Information technology

  total $2,019 · management and general $2,019

• 17 · Travel

  total $49 · program services $49

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $43,325 · end of year $208,209

• 2 · Savings and temporary cash investments

  beginning of year $469,286 · end of year $480,906

• 3 · Pledges and grants receivable

  beginning of year $691,000 · end of year $365,000

• 11 · Investments: publicly traded securities

  beginning of year $24,131,470 · end of year $25,701,301

• 15 · Other assets

  beginning of year $65,514 · end of year $55,153

• 17 · Accounts payable and accrued expenses

  end of year $3,981

• 27 · Net assets without donor restrictions

  beginning of year $7,662,439 · end of year $8,159,284

• 28 · Net assets with donor restrictions

  beginning of year $17,738,156 · end of year $18,647,304

The filer's explanations (Part III)

SCHEDULE J, PART III

DAVID SEDESTROM IS THE FORMER CFO OF THE ALLEN COUNTY PUBLIC LIBRARY. HIS SALARY IS PAID BY THE LIBRARY.FOR ALL POSITIONS AT THE LIBRARY, HUMAN RESOURCES DOES A COMPREHENSIVE SALARY SURVEY OF BOTH LIBRARIES AROUND THE COUNTRY AND OF LOCAL EMPLOYERS. WAGE RATES ARE REVIEWED BY THE LIBRARY'S BOARD OF TRUSTEES, WHO SET THE WAGE RATES VIA RESOLUTION.