Library And Community Foundation Of Richardson County
- Assets
- $1.2m
- Revenue
- $79.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Falls City, NE
- Founding
- 07/2001
- Data as of
- 12/2021
- EIN
- 47-0842392
Organization Overview
Library And Community Foundation Of Richardson County is located in Falls City, NE. The organization was established in 2001. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Library And Community Foundation Of Richardson County 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, Library And Community Foundation Of Richardson County generated $79.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $57.5k during the year ending 12/2021. While expenses have increased by 6.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE FALLS CITY LIBRARY AND ARTS CENTER LOCATED IN FALLS CITY, NEBRASKA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WORKSHOPS, EXHIBITS, AND KIDS PROGRAMS IN THE FALLS CITY LIBRARY AND ARTS CENTER AS WELL AS AN ANNUAL SCHOLARSHIP FOR LOCAL HIGH SCHOOL MUSICIANS. TO PURCHASE BOOKS, FILMS, DISPLAYS, AND OTHER EDUCATIONAL ITEMS FOR THE LIBRARY AND ARTS CENTER WHICH BENEFITS THE 8,000 AREA CITIZENS AND HUNDREDS OF VISITORS ANNUALLY.
TO PROVIDE THE NECESSARY ORGANIZATIONAL STRUCTURE FOR PROMOTING THE DEVELOPMENT OF THE JOHN PHILLIP FALTER ART GALLERY IN FALLS CITY, NEBRASKA. HUNDREDS OF VISITORS ENJOY THE DISPLAYS HONORING THE LATE JOHN PHILLIP FALTER, A BOYHOOD RESIDENT OF FALLS CITY.
TO PROVIDE FOR A CURATOR AND ART CONSULTANT TO MAINTAIN THE FOUNDATION'S COLLECTION, COORDINATE GALLERY EVENTS, PROVIDE INPUT REGARDING RECEIVING AND DISPLAYING ART, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Wertenberger Director/cur | Trustee | 8 | $6,000 |
Robert W Aitken Secretary/tr | Officer | 2 | $0 |
Richard Halbert Vice Preside | Officer | 1 | $0 |
Dana Rathje President | Officer | 1 | $0 |
Rita Seid Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,235 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,467 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,702 |
| Total Program Service Revenue | $0 |
| Investment income | $857 |
| 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 | $6,285 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $910 |
| 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 | $23 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,820 |
| Advertising and promotion | $0 |
| Office expenses | $135 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,242 |
| 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 | $8,287 |
| All other expenses | $2,411 |
| Total functional expenses | $57,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,775 |
| Savings and temporary cash investments | $192,795 |
| 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 | $190,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $719,238 |
| Total assets | $1,206,346 |
| 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 | $0 |
| 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 | $1,206,346 |
| Total liabilities and net assets/fund balances | $1,206,346 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Library And Community Foundation Of Richardson County has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Hutchinson Community Foundation Hutchinson, KS | $99,932,573 | $30,609,087 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |
Topeka Community Foundation Topeka, KS | $83,907,223 | $10,296,252 |
Douglas County Community Foundation Lawrence, KS | $89,245,975 | $20,399,772 |
South Central Iowa Community Foundation Chariton, IA | $15,877,246 | $5,307,597 |
Wichita Community Foundation Wichita, KS | $95,625,869 | $13,064,414 |
Greater Omaha Chamber Foundation Omaha, NE | $10,667,972 | $5,354,190 |
Truman Heartland Community Foundation Independence, MO | $85,851,190 | $25,771,089 |
Western Colorado Community Foundation Inc Grand Junction, CO | $118,852,792 | $13,243,479 |
Roman Catholic Foundation Of Eastern Missouri St Louis, MO | $73,816,799 | $11,210,436 |
Kearney Area Community Foundation Kearney, NE | $36,338,328 | $7,420,402 |