Matheson Memorial Library Foundation Inc
- Assets
- $408.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elkhorn, WI
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 39-1693710
Organization Overview
Matheson Memorial Library Foundation Inc is located in Elkhorn, WI. The organization was established in 1991. 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. Matheson Memorial 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, Matheson Memorial Library Foundation Inc generated $10.3k 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 (20.1%) each year. All expenses for the organization totaled $8.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION DONATED 5000 TO THE MATHESON MEMORIAL LIBRARY AS A GIFT FOR CHILDRENS PROGRAMMING AND RELATED EXPENSES. WE ALSO DONATED 3000 TO 4 ELKHORN AREA HIGH SCHOOL GRADUATES FOR THE CONTINUING OF THEIR EDUCATION IN A LIBRARY, ENGLISH OR TECHNOLOGY RELATED FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ward Phillips President | 0.5 | $0 | |
Heather Leisure Board Member | 0.25 | $0 | |
Theresa Wallace Treasurer | 1 | $0 | |
Jean Carroll Vice President | 0.25 | $0 | |
Maribeth Cousin Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,615 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,716 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,331 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,276 |
| Total expenses | $8,276 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,860 |
| Other assets | $0 |
| Total assets | $408,029 |
| Total liabilities | $0 |
| Net assets or fund balances | $408,029 |
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