Prairielands Library Exchange
- Assets
- $416.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marshall, MN
- Founding
- 06/1983
- Data as of
- 06/2023
- EIN
- 41-1387155
Organization Overview
Prairielands Library Exchange is located in Marshall, MN. The organization was established in 1983. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairielands Library Exchange 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 06/2023, Prairielands Library Exchange generated $167.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $181.1k during the year ending 06/2023. While expenses have increased by 0.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE EXEMPT PURPOSE IS TO PROVIDE LIBRARY SERVICES TO LIBRARIES AND ORGANIZATIONS IN SW MINNESOTA. THE ORGANIZATION DOES THIS THROUGH ITS NETWORK OF MEMBER LIBRARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Louwagie President | 1 | $0 | |
Lisa Spieker Director | 1 | $0 | |
April Prohl Director | 1 | $0 | |
Kathy Craun Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,972 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,931 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $167,903 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $102,639 |
| Professional fees and other payments to independent contractors | $9,205 |
| Occupancy, rent, utilities, and maintenance | $9,667 |
| Printing, publications, postage, and shipping | $106 |
| Other expenses | $45,716 |
| Total expenses | $181,080 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $367,062 |
| Other assets | $0 |
| Total assets | $416,567 |
| Total liabilities | $87,022 |
| Net assets or fund balances | $329,545 |