Skip to content
Nonprofiteer
← LESTER PUBLIC LIBRARY FOUNDATION INC

Form 990 for tax year 2023

Filed by LESTER PUBLIC LIBRARY FOUNDATION INC.

Totals

Total revenue
$150,528
Total expenses
$134,496
Contributions and grants received
$92,972
Grants paid
$125,710
Program service revenue
$0
Investment income
$57,556
Other revenue
$0
Total assets, end of year
$1,418,704
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,418,704
Program services expenses (Part IX)
$132,159
Management and general expenses
$2,337
Fundraising expenses
$0
Program service expenses (Part III)
$132,159

Program services were 98.3% 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

    $92,972

  • 3 · Investment income

    total $33,683 · excluded $33,683

  • 7a · Gross sales of assets other than inventory

    securities $23,873

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

    securities $0

  • 7c · Gain or loss

    securities $23,873

  • 7d · Net gain or loss

    total $23,873 · excluded $23,873

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $125,710 · program services $125,710

  • 11c · Fees: accounting

    total $2,258 · management and general $2,258

  • 11f · Fees: investment management

    total $6,449 · program services $6,449

  • 24a · Other expenses: REGISTRATION AND FILING

    total $79 · management and general $79

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,497 · end of year $48,870

  • 15 · Other assets

    beginning of year $1,210,250 · end of year $1,369,834

  • 27 · Net assets without donor restrictions

    beginning of year $1,261,747 · end of year $1,403,704

  • 28 · Net assets with donor restrictions

    end of year $15,000

Mission and programs · 2023

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 2023, EARNINGS FROM THE FOUNDATION ENDOWMENT FUND PROVIDED FUNDS FOR EARLY LITERACY AND CHILDREN'S SUMMER READING PROGRAMS, LARGE PRINT BOOK COLLECTION, AND YOUTH AND ADULT PROGRAMMING.

    Expenses $132,159 · Grants $125,710

As filed on the 2023 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
2023
Filed
27 June 2024
IRS schema version
2023v5.1
Source object
202441929349301319

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.