Mead Public Library Foundation Inc
- Assets
- $7.3m
- Revenue
- $487.3k
- Investments
- $7.3m
- Employees
- 0
- Location
- Sheboygan, WI
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 39-1670997
Organization Overview
Mead Public Library Foundation Inc is located in Sheboygan, WI. The organization was established in 1994. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Mead Public Library Foundation Inc 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, Mead Public Library Foundation Inc generated $487.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $335.7k during the year ending 12/2021. While expenses have increased by 18.2% 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
DEVELOP, MANAGE, AND ALLOCATE FUNDS TO SUPPORT THE MEAD PUBLIC LIBRARY AND ITS PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEAD PUBLIC WISH LIST DONATION FOR PROGRAMMING/EVENTS - $15,000.00 WAS DONATED TO BRING IN PROGRAMMING SUCH AS LIL REV UKULALE PROGRAM/LESSONS, POETRY READINGS, YOGA, AND CHILDREN STORY TIMES.DONATED $23,700.00 TO MEAD PUBLIC LIBRARY FOR NEW SHELVING TO DISPLAY MAGAZINES, ELMO DOCUMENT CAMERA & PROJECTOR FOR STORYTIMES,PROMOTIONS, ADVERTISING, OUTIDE PRINTING, AND STAFF APPRECIAITION.$6,000.00 FOR PROFESSIONAL DEVELOPMENT. STAFF ATTENDING TRAININGS AND CONFERENCES TO INCREASE THEIR SKILLS AND KNOWLEDGE.DUE TO COVID-19 THE FOUNDATION CONTINUED TO LIMIT PROGRAMS/SERVICES IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Frederic Tyszka Assistant Treasurer | OfficerTrustee | 0.5 | $0 |
Kathie Norman Interim President | OfficerTrustee | 0.5 | $0 |
Konrad Testwuide Treasurer | OfficerTrustee | 0.5 | $0 |
Garrett Erickson Secretary | Officer | 0.5 | $0 |
Beth Bartelt Director | Trustee | 0.5 | $0 |
William H Holbrook Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,270 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,270 |
| Total Program Service Revenue | $0 |
| Investment income | $77,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $295,332 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $487,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $317,639 |
| 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. | $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 | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $496 |
| Advertising and promotion | $0 |
| Office expenses | $583 |
| Information technology | $266 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $575 |
| All other expenses | $0 |
| Total functional expenses | $335,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,996 |
| Pledges and grants receivable | $200 |
| 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 | $0 |
| Investments—other securities | $7,264,692 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,273,888 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $47,826 |
| 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 | $47,826 |
| Net assets without donor restrictions | $4,213,751 |
| Net assets with donor restrictions | $3,012,311 |
| 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 | $7,273,888 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mead Public Library Foundation Inc has recieved totaling $7,625.
| Awarding Organization | Amount |
|---|---|
Hayssen Family Foundation Inc Elkhart Lake, WI PURPOSE: OPERATIONAL SUPPORT | $6,500 |
William A Fisher Ii Family Foundation Traverse City, MI PURPOSE: GENERAL FUND | $1,000 |
Grover Family Foundation Inc Kohler, WI PURPOSE: EDUCATION | $125 |
Endowment Analysis
| Beg. Balance | $4,597,912 |
| Earnings | $720,982 |
| Net Contributions | $92,295 |
| Other Expense | $147,266 |
| Ending Balance | $5,263,923 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grand Rapids Community College Foundation Grand Rapids, MI | $37,079,013 | $9,829,978 |