Traverse Des Sioux Library System
- Assets
- $3.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Mankato, MN
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 41-6173688
Organization Overview
Traverse Des Sioux Library System is located in Mankato, MN. The organization was established in 2014. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2022, Traverse Des Sioux Library System employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Traverse Des Sioux Library System 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 12/2022, Traverse Des Sioux Library System generated $1.8m 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 $1.7m during the year ending 12/2022. While expenses have increased by 1.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE 2, PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES LIBRARY SERVICES TO LIBRARIES AND BRANCHES IN THE NINE COUNTY AREA OF SOUTH CENTRAL MINNESOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vance Struehrenberg President | Officer | 2 | $0 |
Steve Flohrs Vice Preside | Officer | 2 | $0 |
Jack Kolars Treasurer | Officer | 2 | $0 |
Elizabeth Traxler Secretary | Officer | 2 | $0 |
Heather Biedermann Board Member | Trustee | 1 | $0 |
Sue Sonnek Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,261,694 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,261,694 |
| Total Program Service Revenue | $532,275 |
| Investment income | $1,474 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,795,444 |
| 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 | $454,985 |
| Pension plan accruals and contributions | $15,620 |
| Other employee benefits | $115,304 |
| Payroll taxes | $37,899 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41 |
| Fees for services: Accounting | $10,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $646,294 |
| Advertising and promotion | $0 |
| Office expenses | $3,271 |
| Information technology | $92,323 |
| Royalties | $0 |
| Occupancy | $17,724 |
| Travel | $6,173 |
| 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 | $47,924 |
| Insurance | $2,277 |
| All other expenses | $16,563 |
| Total functional expenses | $1,743,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,326,279 |
| Savings and temporary cash investments | $645,510 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $463,678 |
| Inventories for sale or use | $89,252 |
| Prepaid expenses and deferred charges | $29,187 |
| Net Land, buildings, and equipment | $81,370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $367,232 |
| Total assets | $3,002,508 |
| Accounts payable and accrued expenses | $228,298 |
| 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 | $782,759 |
| Total liabilities | $1,011,057 |
| Net assets without donor restrictions | $1,991,451 |
| 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 | $3,002,508 |