Walter E Olson Memorial Library Foundation Inc
- Assets
- $59.7k
- Revenue
- $42.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Eagle River, WI
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 39-1740131
Organization Overview
Walter E Olson Memorial Library Foundation Inc is located in Eagle River, WI. The organization was established in 1993. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walter E Olson 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, Walter E Olson Memorial Library Foundation Inc generated $42.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $131.7k 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 AUGMENT THE LIBRARY AS A LEARNING AND INFORMATION RESOURCE FOR THE CITIZENS OF EAGLE RIVER
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE PROVIDED TO THE MUNCIPAL LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darleen Kadulski Secretary | OfficerTrustee | 2 | $0 |
Lee Liermann Treasurer | OfficerTrustee | 2 | $0 |
Nancy Schaffer President | OfficerTrustee | 2 | $0 |
Tina Koller Vice Preside | OfficerTrustee | 2 | $0 |
John Hletko Board Member | Trustee | 2 | $0 |
Jan Christofferson Board Member | Trustee | 2 | $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 | $39,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,660 |
| Total Program Service Revenue | $0 |
| Investment income | $18 |
| 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 | $3,077 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,755 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $208 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,470 |
| 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 | $124,758 |
| Insurance | $850 |
| All other expenses | $0 |
| Total functional expenses | $131,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,827 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,910 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,737 |
| 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 | $59,737 |
| 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 | $59,737 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Walter E Olson Memorial Library Foundation Inc has recieved totaling $20,060.
| Awarding Organization | Amount |
|---|---|
Colonel Il James N Pritzker Charitable Distribution Fund Chicago, IL PURPOSE: GENERAL SUPPORT | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $60 |
Endowment Analysis
| Earnings | $20,000 |
| Ending Balance | $20,000 |
Peer Organizations
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|---|---|---|
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Goodwill Industries Of North Central Wisc Inc Menasha, WI | $88,771,633 | $81,283,932 |
Childrens Home & Aid Society Of Illinois Chicago, IL | $55,063,389 | $78,192,284 |
Lutheran Social Services Of Illinois Des Plaines, IL | $62,918,656 | $74,591,812 |
Catholic Charities Of The Archdiocese Of St Paul & Mpls St Paul, MN | $180,924,652 | $74,331,650 |
Hawkeye Area Community Action Program Inc Hiawatha, IA | $14,892,193 | $63,434,127 |
Northeast Michigan Community Service Agency Inc Alpena, MI | $18,757,719 | $61,175,867 |
Community Advocates Inc Milwaukee, WI | $18,692,383 | $54,333,478 |
Lutheran Social Services Of Wisconsin And Upper Michigan West Allis, WI | $89,212,422 | $59,977,625 |
Ada S Mckinley Community Services Inc Chicago, IL | $17,309,260 | $43,710,701 |
Oakland Livingston Human Service Agency Pontiac, MI | $13,027,900 | $40,800,569 |
Christian Social Service Of Illinois Belleville, IL | $18,359,176 | $39,517,456 |