Cannon Falls Library Foundation
- Assets
- $48.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cannon Falls, MN
- Founding
- 03/2005
- Data as of
- 12/2016
- EIN
- 41-1962864
Organization Overview
Cannon Falls Library Foundation is located in Cannon Falls, MN. The organization was established in 2005. 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. Cannon Falls 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 12/2016, Cannon Falls Library Foundation generated $9.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (49.8%) each year. All expenses for the organization totaled $22.7k during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (47.3%) per year over the past 2 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
2016
Describe the Organization's Program Activity:
Part 3
CANNON FALLS LIBRARY FOUNDATION COLLECTED PLEDGED FUNDS IN 2016 AND PAID THOSE FUNDS TO THE CITY OF CANNON FALLS AS PAYMENT FOR BUILDING A NEW LIBRARY IN 2012. THE CANNON FALLS LIBRARY FOUNDATION ALSO HELD A CHILDREN'S CHRISTMAS SHOPPING EVENT AND SOLD USED LIBRARY BOOK THROUGH THE CANNON FALLS LIBRARY. ALL OF THESE ACTIVITIES POSITIVELY AFFECTED AT LEAST 5000 CITIZENS OF CANNON FALLS AND THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russ Sprandel Vice-President | 5 | $0 | |
Ellen Hartman President | 10 | $0 | |
Pat Oates Foundation Member | 2 | $0 | |
Julie Phelps Foundation Member | 2 | $0 | |
Mary Jill Bringgold Secretary/treasurer | 5 | $0 | |
James Bassett Foundation Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,552 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $31 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,540 |
| Other Revenue | $0 |
| Total Revenue | $9,708 |
| 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 | $613 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $47 |
| Other expenses | $46 |
| Total expenses | $22,706 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,901 |
| Other assets | $0 |
| Total assets | $48,901 |
| Total liabilities | $0 |
| Net assets or fund balances | $48,901 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cannon Falls Library Foundation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
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|---|---|---|
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University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |
Hmong Education Reform Company St Paul, MN | $74,819,992 | $9,901,803 |
Isu Veterinary Services Corporation Des Moines, IA | $3,723,871 | $7,166,183 |
University Of Wisconsin Green Bay Foundation Inc Green Bay, WI | $63,454,275 | $9,667,784 |
University Of Minnesota Foundation Investment Advisors Minneapolis, MN | $2,748,098 | $5,244,210 |