Prairielands Library Exchange
- Assets
- $429.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marshall, MN
- Founding
- 06/1983
- Data as of
- 06/2022
- 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 06/2022, Prairielands Library Exchange generated $172.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $142.2k during the year ending 06/2022. 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
2022
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 | |
Kate Borowske Director | 1 | $0 | |
Dennis Ulrich Director | 1 | $0 | |
Deb Lanier Vice Preside | 1 | $0 | |
Deb Forbrook Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,385 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,456 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $172,841 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $81,193 |
| Professional fees and other payments to independent contractors | $8,226 |
| Occupancy, rent, utilities, and maintenance | $6,600 |
| Printing, publications, postage, and shipping | $445 |
| Other expenses | $37,456 |
| Total expenses | $142,199 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $373,936 |
| Other assets | $0 |
| Total assets | $429,941 |
| Total liabilities | $87,219 |
| Net assets or fund balances | $342,722 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Dairyland Economic Opportunity Council Incorporated Independence, WI | $9,371,395 | $17,670,947 |
Rural America Initiatives Rapid City, SD | $11,020,564 | $7,975,941 |
Community And Economic Development Associates Chatfield, MN | $1,658,001 | $2,830,781 |
Sharing Our Roots Northfield, MN | $1,750,092 | $967,957 |
Rural Electric Economic Development Inc Madison, SD | $44,957,084 | $2,458,763 |
Door County Economic Development Corporation Sturgeon Bay, WI | $2,581,699 | $998,049 |
South Eastern Development Foundation Sioux Falls, SD | $22,464,210 | $4,520,935 |
North Central Planning Council Devils Lake, ND | $2,034,561 | $1,088,900 |
Center For Rural Policy And Development Mankato, MN | $628,188 | $663,588 |
Big Ideas Inc New Ulm, MN | $77,922 | $540,880 |
North Dakota Farmers Union Foundation Jamestown, ND | $258,278 | $297,826 |
Griggs-Steele Empowerment Zone Inc Finley, ND | $5,018,876 | $162,623 |