Aberdeen Library Foundation
- Assets
- $544.0k
- Revenue
- $37.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Aberdeen, SD
- Founding
- 01/1995
- Data as of
- 12/2023
- EIN
- 46-0428183
Organization Overview
Aberdeen Library Foundation is located in Aberdeen, SD. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aberdeen 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 12/2023, Aberdeen Library Foundation generated $37.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $22.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF AND THE CONTINUED GROWTH AND DEVELOPMENT OF THE LIBRARY. ENSURING THE LIBRARY CAN CONTINUE TO PROVIDE LITERARY SERVICES AND RESOURCES TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN PAST YEARS THE LIBRARY FOUNDATION RECEIVED TECHNOLOGY GRANTS FROM 3M TO BE USED FOR THE CHILDREN'S PROGRAMS TO PROMOTE TECHNOLOGY AND SCIENCE. THE LIBRARY DIRECTOR PROVIDES A LIST OF EDUCATIONAL MATERIALS TO THE FOUNDATION FOR PURCHASING TO PROMOTE CREATIVE THINKING FOR THE YOUNG CHILDREN'S PROGRAM.
THE FOUNDATION WILL PROVIDE FUNDING TO THE LIBRARY WHEN THE LIBRARY COORDINATES AN EVENT OR CONTRACTS A NEW SERVICE THAT HAS NOT BEEN BUDGETED BY THE CITY. IN 2023 THE LIBRARY WAS ABLE TO GET A GRANT TO HOST THE NEA BIG READ IN 2023/2024, HOWEVER THE $20,000 GRANT NEEDED TO BE MATCHED, THE LIBRARY SECURED OTHER FUNDS FROM THE KNIGHT FOUNDATION, ABERDEEN AREA COMMUNITY FOUNDATION, THE LIBRARY FOUNDATION COMMITTED TO FUND UP TO $8,750 SO THE LIBRARY MET THEIR MATCH REQUIREMENTS. THE FOUNDATION FUNDED THIS IN 2024.
IN 2023, THE LIBRARY HOSTED CHILDREN AUTHOR ANDREW KOLB -BRINGING IN A PUBLIC ART PROJECT WITH THE KIDS DRAWING THEMSELVES AS A ROLE PLAYING GAME. THE TOTAL COST OF THE EVENT IS AROUND 18,000 THE FOUNDATION COMMITTED TO COVERING $14,000 OF THE COST AND THEY WERE ABLE TO GET ANOTHER $4000 FROM SD ARTS COUNCIL
THE LIBRARY REQUESTED FUNDS FOR SOME ADULT PROGRAMS THAT WAS NOT IN THE BUDGET THAT THE FOUNDATION HAS PROVIDED THE FUNDS TO ASSIST WITH THE PROGRAM TO GENERATE SOCIALIZATION WITH IN THE SENIOR POPULATION- PIE BINGO IT HAS BEEN A BIG HIT WITH THE SENIOR POPULATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Levsen-Garofalo Board Member | Trustee | 0.1 | $0 |
Eric Poe Board Member | Trustee | 0.1 | $0 |
Ken Krause Board Member | Trustee | 0.1 | $0 |
Heidi Golz President | Officer | 0.5 | $0 |
Patrick Gallagher Vice President | Officer | 0.25 | $0 |
Lavonne Miller Treasurer | Officer | 0.5 | $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 | $16,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,851 |
| Total Program Service Revenue | $0 |
| Investment income | $20,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$678 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,363 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,618 |
| 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 | $189 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $722 |
| All other expenses | $0 |
| Total functional expenses | $22,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,885 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $450 |
| 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 | $251 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $518,405 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $543,991 |
| Accounts payable and accrued expenses | $923 |
| 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 | $923 |
| Net assets without donor restrictions | $524,978 |
| Net assets with donor restrictions | $18,090 |
| 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 | $543,991 |