Sun Prairie Public Library Foundation Inc
- Assets
- $2.3m
- Revenue
- $861.0k
- Investments
- $104.6k
- Employees
- 2
- Location
- Sun Prairie, WI
- Founding
- 07/2000
- Data as of
- 12/2022
- EIN
- 39-1988151
Organization Overview
Sun Prairie Public Library Foundation Inc is located in Sun Prairie, WI. The organization was established in 2000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2022, Sun Prairie Public Library Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sun Prairie 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 12/2022, Sun Prairie Public Library Foundation Inc generated $861.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $258.2k during the year ending 12/2022. While expenses have increased by 35.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE INITIATIVES OF THE SUN PRAIRIE PUBLIC LIBRARY OF THE CITY OF SUN PRAIRIE, DANE COUNTY, WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUN PRAIRIE PUBLIC LIBRARY FOUNDATION (SPPLF) IS A NON-PROFIT, 501C3 ORGANIZATION WHOSE SOLE PURPOSE IS TO SUPPORT THE SUN PRAIRIE PUBLIC LIBRARY (SPPL) TO BE THE BEST LIBRARY IT CAN BE. IN 2022 THE SPPLF FOCUSED FUNDRAISING ON A CAPITAL CAMPAIGN FOR THE EXPANSION OF THE LIBRARY. THE FOUNDATION SUPPORTED THE LIBRARY BY HOLDING BOTH MAIL CAMPAIGNS AND IN-PERSON EVENTS SUPPLEMENTED WITH SOCIAL MEDIA. ONE IN-PERSON FUNDRAISING EVENT WAS HELD IN SPRING OF 2022. ONE CAMPAIGN TO RALLY SUPPORTERS OF THE PLANNED LIBRARY EXPANSION PRIOR TO THE PUBLIC FUND-RAISING PHASE WAS HELD WHICH CULMINATED IN A CELEBRATION EVENT IN THE FALL. 100% OF ANNUAL SPPLF INVESTMENT EARNINGS MAY BE DISTRIBUTED TO THE SPPL. 2021 INVESTMENT EARNINGS ENABLED THE SPPLF TO OFFER SPPL $99,885 IN SUPPORT. SPPL ELECTED TO USE APPROXIMATELY 11% ($11,124) OF THOSE FUNDS FOR PROGRAMS AND LIBRARY IMPROVEMENTS AND TO ROLL THE REMAINING 82% BACK INTO THE INVESTED FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Ellenbecker Director | Trustee | 2 | $0 |
Josh Erickson Vice President | OfficerTrustee | 2 | $0 |
Carol Esser Director | Trustee | 2 | $0 |
Patricia Harrington Director (thru Mid-December) | Trustee | 2 | $0 |
Shane Heim Director | Trustee | 2 | $0 |
Tracy Herold President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,400 |
| Related organizations | $0 |
| Government grants | $143,361 |
| All other contributions, gifts, grants, and similar amounts not included above | $695,251 |
| Noncash contributions included in lines 1a–1f | $14,645 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $847,012 |
| Total Program Service Revenue | $0 |
| Investment income | $13,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $467 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $860,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,956 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $22,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $80,477 |
| Fees for services: Investment Management | $9,640 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,576 |
| Office expenses | $16,867 |
| Information technology | $4,081 |
| 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 | $1,590 |
| All other expenses | $2,497 |
| Total functional expenses | $258,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,847 |
| Savings and temporary cash investments | $1,235 |
| Pledges and grants receivable | $348,203 |
| 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 | $2,355 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,616,230 |
| Investments—other securities | $104,554 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,253,424 |
| Accounts payable and accrued expenses | $13,344 |
| 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 | $13,344 |
| Net assets without donor restrictions | $1,515,996 |
| Net assets with donor restrictions | $724,084 |
| 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 | $2,253,424 |