← COMMUNITY LIBRARY ASSOCIATION INC KETCHUM SUN VALLEY & TRIUMPH

Form 990 for tax year 2023

Filed by COMMUNITY LIBRARY ASSOCIATION INC KETCHUM SUN VALLEY & TRIUMPH.

Totals

Total revenue: $5,396,058
Total expenses: $5,207,998
Contributions and grants received: $4,937,159
Grants paid: $50,500
Program service revenue: $11,011
Investment income: $273,111
Other revenue: $174,777
Total assets, end of year: $29,522,521
Total liabilities, end of year: $3,419,449
Net assets or fund balances, end of year: $26,103,072
Program services expenses (Part IX): $2,744,762
Management and general expenses: $922,783
Fundraising expenses: $1,540,453
Program service expenses (Part III): $2,744,762

Program services were 52.7% 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

$4,937,159
1g · Noncash contributions included above

$1,951,598
2a · Program service revenue: Program Fees

total $9,011 · related or exempt $9,011
2f · All other program service revenue

total $2,000 · related or exempt $2,000
3 · Investment income

total $242,511 · excluded $242,511
7a · Gross sales of assets other than inventory

securities $830,444
7b · Less cost or other basis and sales expenses

securities $799,844
7c · Gain or loss

securities $30,600
7d · Net gain or loss

total $30,600 · excluded $30,600
10a · Gross sales of inventory

$2,285,070
10b · Cost of goods sold

$2,110,293
10c · Net income from sales of inventory

total $174,777 · unrelated business $180,896 · excluded -$6,119

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $50,500 · program services $50,500
5 · Compensation of officers, directors and key employees

total $199,792 · program services $87,909 · management and general $61,935 · fundraising $49,948
7 · Other salaries and wages

total $2,064,444 · program services $883,010 · management and general $228,517 · fundraising $952,917
8 · Pension plan contributions

total $33,328 · program services $9,098 · management and general $4,993 · fundraising $19,237
9 · Other employee benefits

total $244,666 · program services $72,059 · management and general $41,710 · fundraising $130,897
10 · Payroll taxes

total $164,415 · program services $67,267 · management and general $21,101 · fundraising $76,047
11c · Fees: accounting

total $113,610 · program services $21,388 · management and general $92,222
11f · Fees: investment management

total $30,000 · management and general $30,000
11g · Fees: other

total $54,944 · program services $10,344 · management and general $44,600
12 · Advertising and promotion

total $108,058 · program services $55,087 · management and general $8,568 · fundraising $44,403
13 · Office expenses

total $91,199 · program services $26,696 · management and general $30,499 · fundraising $34,004
14 · Information technology

total $120,199 · program services $109,511 · management and general $2,695 · fundraising $7,993
16 · Occupancy

total $515,785 · program services $151,503 · management and general $240,257 · fundraising $124,025
19 · Conferences, conventions and meetings

total $41,806 · program services $9,095 · management and general $8,590 · fundraising $24,121
22 · Depreciation, depletion and amortization

total $955,277 · program services $955,277
23 · Insurance

total $65,875 · management and general $43,930 · fundraising $21,945
24a · Other expenses: Library Collection

total $161,959 · program services $161,959
24b · Other expenses: Programming Expenses

total $100,132 · program services $58,498 · management and general $39,841 · fundraising $1,793
24c · Other expenses: Bank & Merchant Fees

total $51,632 · program services $1,884 · management and general $6,225 · fundraising $43,523
24d · Other expenses: Staff Development

total $40,377 · program services $13,677 · management and general $17,100 · fundraising $9,600

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $572,627 · end of year $310,389
2 · Savings and temporary cash investments

beginning of year $5,371 · end of year $5,371
3 · Pledges and grants receivable

beginning of year $1,303,470 · end of year $1,285,920
10a · Land, buildings and equipment: cost or other basis

$21,575,409
10b · Land, buildings and equipment: accumulated depreciation

$5,091,891
10c · Land, buildings and equipment, net

beginning of year $16,540,698 · end of year $16,483,518
11 · Investments: publicly traded securities

beginning of year $7,302,523 · end of year $8,522,621
15 · Other assets

beginning of year $3,007,604 · end of year $2,914,702
17 · Accounts payable and accrued expenses

beginning of year $367,693 · end of year $314,994
19 · Deferred revenue

beginning of year $17,324 · end of year $17,324
25 · Other liabilities

beginning of year $3,124,327 · end of year $3,087,131
27 · Net assets without donor restrictions

beginning of year $22,313,197 · end of year $22,007,583
28 · Net assets with donor restrictions

beginning of year $2,909,752 · end of year $4,095,489

Mission and programs · 2023

Mission

The Community Library brings information, ideas, and individuals together to enhance the cultural life of the community.

Activities or mission (Part I)

To bring information, ideas, and individuals together to enhance the cultural life of the community. The Community Library Association is a privately funded, privately-governed, publicly-minded cultural institution including a library, a museum, and the Hemingway House and Preserve. The overarching priorities of The Community Library Association are to promote literacy, encourage community conversations, provide contemplative space, foster creativity and deepen a sense of place in central Idaho.

General circulation: The Community Library Association provides access to books and learning materials for anyone, for free. The circulating collection includes more than 80,000 physical items and also a wide range of digital resources, including online databases, platforms, and streaming services; 8,818 titles were added to the collection this fiscal year. In this fiscal year, more than 114,000 visitors (door count) came to The Community Library and/or used the bookmobile and/or used the digital branch (the website). More than 143,000 items were circulated.

Expenses $2,163,730
The Community Library provides free educational programs to both adults and children. The total number of programs presented is an average of 14 per week, across all departments. This is more than 700 programs annually. These programs include lectures, author readings, school programs and field trips, story times, technology tutorials, a summer reading program, and community book clubs, as well as a 3-day reading summit for early literacy teachers. Many of these educational programs also are available virtually. More than 16,000 individuals (total program count) participated in free educational programming in this fiscal year.

Expenses $295,443 · Grants $50,500 · Revenue $11,011
The Community Library serves as a regional history hub for Central Idaho. The Library's Jeanne Rodger Lane Center for Regional History houses a collection of more than 10,000 photographs, 500 oral histories, 2,000 books, and also maps, documents, three-dimensional objects, and ephemera. It includes a special Ernest Hemingway collection pertaining to the author's extensive time spent in the Sun Valley area. It also is responsible for the stewardship of the historic Ernest and Mary Hemingway House and Preserve. The Center for Regional History is used by professional and amateur scholars, students, and visitors to study the history of Ketchum and Sun Valley, and Central Idaho generally. (Continued on Schedule O)In July of 2023, we opened the Wood River Museum of History and Culture as the exhibit space for the Center for Regional History. It includes five exhibit galleries. In this fiscal year, more than 25,000 (door count) visitors came to the Museum.

Expenses $285,589

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

Listed in Part VII

Mike Wade

Chair

Total calculated

$0

Hours/week

3
Donna Delahorne

Chair (thru Dec 2023)

Total calculated

$0

Hours/week

3
Julie Weston

Vice Chair/Regional History Chair

Total calculated

$0

Hours/week

2
Lisa Briggs Whorton

Secretary

Total calculated

$0

Hours/week

1.5
Tom Benson

Treasurer

Total calculated

$0

Hours/week

2
Joanne Hogue

Trustee Emeritus

Total calculated

$0

Hours/week

0.5
Joe Gunderson

Trustee

Total calculated

$0

Hours/week

1
Carmen Ward

Trustee

Total calculated

$0

Hours/week

1
Christiane Turner

Trustee/Development Chair

Total calculated

$0

Hours/week

1.5
Ellen Nasi

Trustee

Total calculated

$0

Hours/week

1
Ann Adamson Leonardo

Trustee

Total calculated

$0

Hours/week

1
James Snyder

Trustee

Total calculated

$0

Hours/week

1
Hank Dart

Trustee

Total calculated

$0

Hours/week

1
Lynn Kaplan

Trustee

Total calculated

$0

Hours/week

1
Marlene Klingenfuss

Trustee

Total calculated

$0

Hours/week

1
Jason McIlhaney

Trustee

Total calculated

$0

Hours/week

1
Jenny Emery Davidson

Executive Director

Total calculated

$195,858

From this org

$157,462

From related orgs

$0

Other

$38,396

Hours/week

40

Schedule J breakdown matched by us

Base

$157,407

Bonus

$0

Other

$55

Deferred

$27,478

Nontaxable benefits

$10,918

Filer's total

$195,858
Carter Hedberg

Director of Philanthropy

Total calculated

$122,930

From this org

$105,295

From related orgs

$0

Other

$17,635

Hours/week

40

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

3 · Compensation survey or study
3 · Approval by the board or compensation committee

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.

Provenance

Return type: form_990
Tax year: 2023
Filed: 9 May 2025
IRS schema version: 2023v6.0
Source object: 202501359349313330

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