Spencer Public Library Municipal Trust
- Assets
- $699.6k
- Revenue
- $25.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Spencer, IA
- Founding
- 10/1979
- Data as of
- 06/2022
- EIN
- 42-1131115
Organization Overview
Spencer Public Library Municipal Trust is located in Spencer, IA. The organization was established in 1979. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spencer Public Library Municipal Trust 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, Spencer Public Library Municipal Trust generated $25.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $8.3k during the year ending 06/2022. 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
THE ORGANIZATION USES ALL OF ITS RESOURCES TO SUPPORT THE SPENCER LIBRARY IN SPENCER, IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES WERE INCURRED IN SUPPORT OF THE SUMMER READING PROGRAM TO HELP INCREASE CHILDREN AND TEENS' READING.
BOOKS, SUPPLIES, FURNITURE, AND SERVICES WERE PURCHASED FOR THE LIBRARY TO HELP INCREASE THEIR READING MATERIAL AND PROVIDE ADMINISTRATIVE SUPPORT. FUNDS WERE ALSO USED TO RESTOCK THE LIBRARY'S FOOD PANTRY THAT IS AVAILABLE FOR PUBLIC USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Oldenkamp President | OfficerTrustee | 1 | $0 |
Audrey Vanderhoff Treasurer | OfficerTrustee | 1 | $0 |
Kay Iversen Vice Preside | OfficerTrustee | 1 | $0 |
Ryan Dotson Secretary | Trustee | 1 | $0 |
Elissa Barrick Director | Trustee | 1 | $0 |
David Lyons Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,592 |
| Total Program Service Revenue | $0 |
| Investment income | $4,333 |
| 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 | $25,925 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,011 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,242 |
| Savings and temporary cash investments | $649,405 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $699,647 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $699,647 |
| 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 | $699,647 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spencer Public Library Municipal Trust has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Demco Charitable Foundation Boyden, IA PURPOSE: COMMUNITY SERVICES | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Public Library Foundation Chicago, IL | $39,161,773 | $5,601,419 |
Southeastern Libraries Cooperating Rochester, MN | $3,251,693 | $3,092,021 |
Illinois Library Association Chicago, IL | $3,523,138 | $2,926,047 |
Kansas City Metropolitan Library & Information Network Independence, MO | $752,486 | $765,658 |
Mabel Tainter Literary Library & Educational Society Menomonie, WI | $4,637,206 | $653,036 |
Taneyhills Library Club Branson, MO | $1,981,166 | $371,831 |
Southeastern Wisconsin Information Technology Exchange Inc Milwaukee, WI | $184,005 | $425,122 |
Aberdeen Library Foundation Aberdeen, SD | $501,428 | $37,595 |
Wisconsin Library Association Inc Monona, WI | $443,421 | $444,670 |
Friends Of Appleton Library Incorporated Appleton, WI | $2,411,816 | $566,994 |
Central Plains Library System Hastings, NE | $112,400 | $0 |
Southeast Library System Sels Rochester, MN | $116,730 | $0 |