Form 990 for tax year 2023
Filed by LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY.
Totals
- Total revenue
- $922,796
- Total expenses
- $572,392
- Contributions and grants received
- $778,686
- Grants paid
- $332,243
- Program service revenue
- $154,513
- Investment income
- -$13,649
- Other revenue
- $3,246
- Total assets, end of year
- $11,016,817
- Total liabilities, end of year
- $5,313
- Net assets or fund balances, end of year
- $11,011,504
- Program services expenses (Part IX)
- $480,536
- Management and general expenses
- $58,272
- Fundraising expenses
- $33,584
- Program service expenses (Part III)
- $480,536
Program services were 84.0% 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
$778,686
-
2a · Program service revenue: EVENTS AND SPONSORSHIPS
total $154,513 · related or exempt $154,513
-
3 · Investment income
total $215,442 · excluded $215,442
-
7a · Gross sales of assets other than inventory
securities $2,158,409 · other assets $24,000
-
7b · Less cost or other basis and sales expenses
securities $2,377,252 · other assets $34,248
-
7c · Gain or loss
securities -$218,843 · other assets -$10,248
-
7d · Net gain or loss
total -$229,091 · related or exempt -$229,091
-
11a · Other revenue: LOGOWEAR FOR STAFF
total $2,899 · excluded $2,899
-
11b · Other revenue: CLASS ACTION SETTLEMENT
total $347 · excluded $347
-
11e · Other revenue, total
$3,246
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $332,243 · program services $332,243
-
11c · Fees: accounting
total $15,265 · management and general $15,265
-
11f · Fees: investment management
total $35,092 · management and general $35,092
-
12 · Advertising and promotion
total $11,590 · fundraising $11,590
-
13 · Office expenses
total $6,635 · management and general $6,635
-
20 · Interest
total $1,280 · management and general $1,280
-
24a · Other expenses: COMMUNITY EVENTS/SPONSOR
total $170,287 · program services $148,293 · fundraising $21,994
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,031,442 · end of year $840,961
-
3 · Pledges and grants receivable
beginning of year $8,250 · end of year $4,500
-
10c · Land, buildings and equipment, net
beginning of year $29,900
-
11 · Investments: publicly traded securities
beginning of year $8,089,741 · end of year $10,171,356
-
17 · Accounts payable and accrued expenses
beginning of year $3,729 · end of year $5,313
-
25 · Other liabilities
beginning of year $16,097
-
27 · Net assets without donor restrictions
beginning of year $7,429,426 · end of year $9,193,321
-
28 · Net assets with donor restrictions
beginning of year $1,710,081 · end of year $1,818,183
Mission and programs · 2023
Mission
TO SUPPORT THE LIBRARY THROUGH COLLECTION DEVELOPMENT ACTIVITIES TO ADVANCE LITERATURE AND LEARNING, AND SUPPORT OF SPECIAL LIBRARY PROJECTS.
-
TO SUPPORT THE LIBRARY THROUGH COLLECTION DEVELOPMENT ACTIVITIES TO ADVANCE LITERATURE AND LEARNING, AND SUPPORT OF SPECIAL LIBRARY PROJECTS.
Expenses $480,536 · Grants $332,243 · Revenue $922,796
As filed on the 2023 return.
Listed in Part VII
-
Frank D JacobsFRANK D JACOBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Olivia K SummonsOLIVIA K SUMMONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy SelkingKATHY SELKING
SECRETARY-TR
- Total calculated
- $0
- Hours/week
- 2
-
Louise EhrickLOUISE EHRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paula FallPAULA FALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve DeckerSTEVE DECKER
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
John HullJOHN HULL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
James J JarosJAMES J JAROS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adele M JasionADELE M JASION
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Patrick McCormickDR PATRICK MCCORMICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan CondaSUSAN CONDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Yolanda Danyi SzuchYOLANDA DANYI SZUCH
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
-
TOLEDO-LUCAS CO LIBRARY
$171,446
DIGITAL EQUITY GAP
-
TOLEDO-LUCAS CO LIBRARY
$105,951
IMAGINATION LIBRARY
-
TOLEDO-LUCAS CO LIBRARY
$17,188
AGENCY FUND
-
TOLEDO-LUCAS CO LIBRARY
$12,170
EARLY LITERACY FUND
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202403179349301225
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