Bettendorf Public Library Foundation
- Assets
- $1.5m
- Revenue
- $142.6k
- Investments
- $1.4m
- Employees
- 1
- Location
- Bettendorf, IA
- Founding
- 01/2006
- Data as of
- 06/2021
- EIN
- 20-3419196
Organization Overview
Bettendorf Public Library Foundation is located in Bettendorf, IA. The organization was established in 2006. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bettendorf Public Library Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Bettendorf Public Library Foundation generated $142.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $76.1k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PRIMARY MISSION IS TO RAISE MONEY TO SUPPORT, ENHANCE AND PRESERVE THE BETTENDORF PUBLIC LIBRARY PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY FOUNDATION IS A NONPROFIT ORGANIZATION ESTABLISHED IN 1983 TO SEEK PRIVATE SECTOR SUPPORT FOR MAINTAINING THE EXCELLENCE OF PROGRAMS AND SERVICES OFFERED BY THE BETTENDORF PUBLIC LIBRARY. WE SUPPORT THE LIBRARY THROUGH PROJECTS AND SERVICES, ACTIVITIES TO ADVANCE READING AND LEARNING, AND SPECIAL PROGRAMS THAT ENRICH THE LIVES OF CHILDREN, FAMILIES, SENIORS AND NEW READERS. WHILE TAX DOLLARS ALLOW THE LIBRARY TO BUY MATERIALS AND KEEP THE BUILDING OPEN, IT IS ONLY THROUGH PRIVATE GIFTS THAT INNOVATIVE NEW PROGRAMS AND SERVICES TO MEET THE COMMUNITY'S CHANGING NEEDS CAN BE DEVELOPED AND IMPLEMENTED. WITH TAX CAPS, DIMINISHING STATE AND FEDERAL FUNDS AND THE INCREASING COSTS OF MATERIALS AND SUPPLIES, CUTBACKS ARE INEVITABLE IF NEW SOURCES OF FUNDING ARE NOT DEVELOPED. THE LIBRARY FOUNDATION STRIVES TO ENSURE THAT THE BETTENDORF PUBLIC LIBRARY INFORMATION CENTER CAN CONTINUE TO MEET THE NEEDS OF THE COMMUNITY, TODAY AND TOMORROW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Sarver Foundation Coordinator | Officer | 35 | $42,500 |
Jeff Hassel President | OfficerTrustee | 1 | $0 |
Sharon Tinsman Secretary | OfficerTrustee | 1 | $0 |
Ann Kappeler Vice President | OfficerTrustee | 1 | $0 |
Jack Herring Treasurer | OfficerTrustee | 1 | $0 |
Nate Stoffregen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,110 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,420 |
| Total Program Service Revenue | $0 |
| Investment income | $44,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,911 |
| Net Income from Fundraising Events | $10,411 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,578 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,496 |
| Fees for services: Other | $201 |
| Advertising and promotion | $1,783 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $392 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,298 |
| All other expenses | -$6,042 |
| Total functional expenses | $76,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,634 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,550 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,439,606 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,489,790 |
| Accounts payable and accrued expenses | -$1,285 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$914 |
| Total liabilities | -$2,199 |
| Net assets without donor restrictions | $1,491,989 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,489,790 |
Grants Awarded
Over the last fiscal year, Bettendorf Public Library Foundation has awarded $140,323 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BETTENDORF PUBLIC LIBRARY PURPOSE: TO FUND CAPITAL IMPROVEMENTS AT THE BETTENDORF PUBLIC LIBRARY | $109,875 |
BETTENDORF PUBLIC LIBRARY PURPOSE: SUPPORT OF THE BETTENDORF PUBLIC LIBRARY | $30,448 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bettendorf Public Library Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Marie H Bechtel Charitable Trust Davenport, IA PURPOSE: PROJECT SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mobius Columbia, MO | $4,062,831 | $7,262,645 |
Community Resource Center Inc Centralia, IL | $6,773,469 | $4,197,743 |
Arrowhead Library System Mountain Iron, MN | $7,916,564 | $3,392,560 |
Community Information Trust Omaha, NE | $18,420,748 | $2,358,228 |
Society Of Ameican Archivists Chicago, IL | $2,453,867 | $2,207,330 |
Little Free Library Ltd St Paul, MN | $2,366,645 | $3,222,101 |
The Charlemagne Institute Bloomington, MN | $4,134,253 | $802,178 |
Traverse Des Sioux Library System Mankato, MN | $2,660,505 | $1,793,930 |
Hoover Presidential Foundation West Branch, IA | $16,155,016 | $4,574,597 |
Masonic Temple Education Center Ballwin, MO | $310,997 | $1,687 |
Health Sciences Library Network Of Kansas City Kansas City, MO | $88,003 | $1,010,807 |
Mary T And James J Hill Library Foundation St Paul, MN | $19,858,073 | $1,320,140 |