Hastings Library Foundation
- Assets
- $613.6k
- Revenue
- $130.2k
- Investments
- $527.9k
- Employees
- 0
- Location
- Hastings, NE
- Founding
- 08/1978
- Data as of
- 12/2021
- EIN
- 47-0602493
Organization Overview
Hastings Library Foundation is located in Hastings, NE. The organization was established in 1978. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hastings 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 12/2021, Hastings Library Foundation generated $130.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.9%) each year. All expenses for the organization totaled $33.5k during the year ending 12/2021. 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
TO SUPPORT THE HASTINGS PUBLIC LIBRARY, HASTINGS, NEBRASKA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE OF LIBRARY MATERIALS, EQUIPMENT AND FURNITURE FOR THE USE AND BENEFIT OF THE HASTINGS PUBLIC LIBRARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cris Wright Treasurer | OfficerTrustee | 0.5 | $0 |
Shelly Tork President | OfficerTrustee | 0.5 | $0 |
Sharon Brooks Secretary | OfficerTrustee | 0.5 | $0 |
Jane Bauer Vice President | OfficerTrustee | 0.5 | $0 |
Phil Nelson Director | Trustee | 0.5 | $0 |
Lynette Kreiger 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 | $70,766 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,766 |
| Total Program Service Revenue | $0 |
| Investment income | $17,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,459 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,257 |
| 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 | $8,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,554 |
| Fees for services: Other | $1,500 |
| Advertising and promotion | $473 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $25 |
| Total functional expenses | $33,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,678 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $527,924 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $613,602 |
| 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 | $508,422 |
| Net assets with donor restrictions | $105,180 |
| 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 | $613,602 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hastings Library Foundation has recieved totaling $14,993.
| Awarding Organization | Amount |
|---|---|
Hastings Community Foundation Inc Hastings, NE PURPOSE: GENERAL OPERATIONS | $8,455 |
Minnie A Schlitt Private Foundation Hastings, NE PURPOSE: TO FACILITATE THE MISSION OF THE CHARITY | $6,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City Metropolitan Library & Information Network Independence, MO | $752,486 | $765,658 |
Taneyhills Library Club Branson, MO | $1,981,166 | $371,831 |
Aberdeen Library Foundation Aberdeen, SD | $501,428 | $37,595 |
Laramie County Library Foundation Inc Cheyenne, WY | $2,524,309 | $669,775 |
Albany County Public Library Foundation Laramie, WY | $2,550,288 | $353,735 |
Central Plains Library System Hastings, NE | $112,400 | $0 |
Plains Community Library Board Plains, KS | $480,923 | $0 |
Perry Public Library Foundation Inc Perry, IA | $970,636 | $18,855 |
Missouri Library Association Ballwin, MO | $1,298,581 | $140,796 |
Friends Of The Topeka And Shawnee County Public Library Inc Topeka, KS | $259,832 | $144,625 |
Butler Public Library Inc Butler, MO | $283,704 | $115,398 |
Friends Of The Burlington Public Library Foundation Burlington, IA | $6,195,791 | $439,298 |