Traverse Des Sioux Library System
- Assets
- $2.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Mankato, MN
- Founding
- 08/2014
- Data as of
- 12/2021
- 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 12/2021, Traverse Des Sioux Library System employed 10 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 12/2021, Traverse Des Sioux Library System generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.4m 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
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 Stuehrenberg Vice Preside | Officer | 2 | $0 |
Les Tlougan President | Officer | 2 | $0 |
Linda Kramer Secretary | Officer | 2 | $0 |
Jack Kolars Treasurer | Officer | 2 | $0 |
Steve Flohrs 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 | $1,265,434 |
| 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 | $1,265,434 |
| Total Program Service Revenue | $537,447 |
| Investment income | $190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,808 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,793,930 |
| 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 | $475,410 |
| Pension plan accruals and contributions | -$12,301 |
| Other employee benefits | $98,847 |
| Payroll taxes | $33,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $512 |
| Fees for services: Accounting | $10,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $486,850 |
| Advertising and promotion | $0 |
| Office expenses | $2,281 |
| Information technology | $65,429 |
| Royalties | $0 |
| Occupancy | $61,436 |
| Travel | $2,157 |
| 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 | $3,771 |
| Insurance | $1,926 |
| All other expenses | $10,440 |
| Total functional expenses | $1,385,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $977,385 |
| Savings and temporary cash investments | $760,441 |
| 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 | $608,254 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,916 |
| Net Land, buildings, and equipment | $1,429 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $288,080 |
| Total assets | $2,660,505 |
| Accounts payable and accrued expenses | $151,204 |
| 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 | $569,603 |
| Total liabilities | $720,807 |
| Net assets without donor restrictions | $1,939,698 |
| 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 | $2,660,505 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Traverse Des Sioux Library System has recieved totaling $12.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tenant Resource Center Inc Madison, WI | $4,020,377 | $17,889,286 |
Arrowhead Library System Mountain Iron, MN | $7,916,564 | $3,392,560 |
Little Free Library Ltd St Paul, MN | $2,366,645 | $3,222,101 |
The Charlemagne Institute Bloomington, MN | $4,134,253 | $802,178 |
Traverse Des Sioux Library System Mankato, MN | $2,660,505 | $1,793,930 |
Hoover Presidential Foundation West Branch, IA | $16,155,016 | $4,574,597 |
Mary T And James J Hill Library Foundation St Paul, MN | $19,858,073 | $1,320,140 |
Casa Alba Melanie Hispanic Community Resource Center Of Green Green Bay, WI | $2,058,613 | $776,990 |
Iowa City Public Library Friends Foundation Iowa City, IA | $2,098,660 | $390,519 |
Maquoketa Library Corporation Maquoketa, IA | $2,024,711 | -$199,263 |
Duluth Library Foundation Duluth, MN | $1,948,980 | $685,085 |
Action Resource Center Stanley, ND | $94,885 | $266,773 |