Quatrefoil Library
- Assets
- $703.4k
- Revenue
- $109.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 04/1986
- Data as of
- 12/2021
- EIN
- 36-3297803
Organization Overview
Quatrefoil Library is located in Minneapolis, MN. The organization was established in 1986. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quatrefoil Library 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 12/2021, Quatrefoil Library generated $109.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $53.1k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
QUATREFOIL LIBRARY IS A COMMUNITY CENTER THAT CULTIVATES THE FREE EXCHANGE OF IDEAS AND MAKES ACCESSIBLE LGBTQ+ MATERIALS FOR EDUCATION AND INSPIRATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY - IT IS OUR CONTINUED EFFORT OF CURATING LGBTQ+ MATERIALS TO BE LENT TO THE COMMUNITY AND PROVIDING PROGRAMMING FOR CREATIVE QUEER INDIVIDUALS (SUCH AS AUTHOR READINGS, WRITING WORKSHOPS, EXHIBITS AND LECTURES, AND EVENTS CELEBRATING THE LGBTQ+ COMMUNITY IN LITERATURE). WE WORK TO PRESERVE, COLLECT AND DISPLAY OUR COLLECTION IN A WELCOMING AND SAFE ENVIRONMENT. PATRONS CONDUCTED RESEARCH, PARTICIPATED IN BOOK CLUBS, READ FOR FUN, CHECKED OUT LGBTQ+ MATERIALS, PARTICIPATED IN SEMINARS, AND CAME TO DISCOVER LGBTQ+ HISTORY IN THE TWIN CITIES.
SCHOLARSHIP FUND - AS PART OF THE LOCAL COMMUNITY AND RECEIVING SUPPORT OVER THE MANY YEARS WE HAVE SERVICED THE COMMUNITY, IT IS OUR DUTY TO GIVE BACK TO OUR COMMUNITY AND TO CONTINUE TO EXPAND OUR MISSION. WE STARTED A SCHOLARSHIP FUND TO HELP ADDRESS ECONOMIC DISPARITIES IN THE LGBTQ+ COMMUNITY WHO WERE SEEKING OR ALREADY ATTENDING COLLEGE. STARTING IN 2019, THE LIBRARY HAS AWARDED A MINIMUM OF $1,000 EACH YEAR TO SCHOLARSHIP RECIPIENTS AFTER A REVIEW OF APPLICATIONS SUBMITTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Groger Treasurer | Officer | 10 | $0 |
Paul Kaefer Vice President | Officer | 5 | $0 |
Claude Peck President | Officer | 10 | $0 |
Ollin Montes Board Member | Officer | 3 | $0 |
Dylan Karsten Secretary | Officer | 5 | $0 |
Evan Allgood Board Member | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,601 |
| Membership dues | $3,205 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,371 |
| Total Program Service Revenue | $15,160 |
| Investment income | $16,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,022 |
| Office expenses | $4,512 |
| Information technology | $2,257 |
| Royalties | $0 |
| Occupancy | $37,061 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,658 |
| All other expenses | $0 |
| Total functional expenses | $53,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,650 |
| Savings and temporary cash investments | $206,666 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $486,101 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $703,417 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $703,417 |
| 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 | $703,417 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Quatrefoil Library has recieved totaling $2,555.
| Awarding Organization | Amount |
|---|---|
Hyde Family Charitable Fund Buffalo, NY PURPOSE: CHARITABLE | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $55 |
Endowment Analysis
| Beg. Balance | $432,705 |
| Earnings | $54,169 |
| Admin Expense | $145 |
| Net Contributions | $9,733 |
| Other Expense | $9,111 |
| Grants | $1,250 |
| Ending Balance | $486,101 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeastern Libraries Cooperating Rochester, MN | $3,251,693 | $3,092,021 |
Mabel Tainter Literary Library & Educational Society Menomonie, WI | $4,637,206 | $653,036 |
Southeastern Wisconsin Information Technology Exchange Inc Milwaukee, WI | $184,005 | $425,122 |
Aberdeen Library Foundation Aberdeen, SD | $501,428 | $37,595 |
Wisconsin Library Association Inc Monona, WI | $443,421 | $444,670 |
Friends Of Appleton Library Incorporated Appleton, WI | $2,411,816 | $566,994 |
Southeast Library System Sels Rochester, MN | $116,730 | $0 |
Perry Public Library Foundation Inc Perry, IA | $970,636 | $18,855 |
Hedberg Public Library Foundation Inc Janesville, WI | $1,414,150 | $148,876 |
Friends Of The Burlington Public Library Foundation Burlington, IA | $6,195,791 | $439,298 |
Evelyn Kading Clark Tr Uw 11276314100 Sun Prairie, WI | $1,048,115 | $66,118 |
Quatrefoil Library Minneapolis, MN | $703,417 | $108,955 |