Spencer Public Library Municipal Trust in Spencer, Iowa (IA)
Table of contents:
| Spencer Public Library Municipal Trust | |
| Employer Identification Number (EIN) | 421131115 |
| Name of Organization | Spencer Public Library Municipal Trust |
| Address | 21 E 3rd St, Spencer, IA 51301-4131 |
| Activities | Gifts, grants, or loans to other organizations, Literary activities |
| Subsection | Charitable Organization |
| Ruling Date | 10/1979 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $442,457 |
| Amount of Income | $20,047 |
| Form 990 Revenue Amount | $20,047 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: |
Non-representatives - add comments:
Amount of income in 2014: $20,047 (it was $42,000 in 2013)
| Spencer Public Library Municipal Trust: | $20,047 |
| Other organizations performing similar types of work: | $128,148 |
Assets in 2014: $442,457 (it was $438,214 in 2013)
| Spencer Public Library Municipal Trust: | $442,457 |
| Other organizations performing similar types of work: | $394,149 |
Expenses in 2014: $15,804
| Spencer Public Library Municipal Trust: | $15,804 |
| Other organizations performing similar types of work: | $79,419 |
Income to expenses ratio in 2014: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2014: 62.0%
| This organization: | 62.0% |
| Other organizations performing similar types of work: | 32.4% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $14,867 | $42,000 | $20,047 |
| Contributions, gifts, grants, and similar amounts received | $4,893 | $34,121 | $12,421 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $9,254 | $7,479 | $7,626 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $720 | $400 | $0 |
| Total expenses | $5,190 | $79,396 | $15,804 |
| Total net assets | $475,610 | $438,214 | $442,457 |
| Excess/Deficit for the year | $9,677 | $-37,396 | $4,243 |
| Net assets or fund balances at beginning of year | $465,933 | $475,610 | $438,214 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $438,214 | $442,457 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $475,610 | $438,214 | $442,457 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $475,610 | $438,214 | $442,457 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $15,804 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Robert Charles Bunn Seattle Public Library Fund Sea-First Natl Bk Tte | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1976-03 | $16,747,872 |
| 2 | Stark County District Library | 715 Market Ave N, Canton, OH 44702-1018 | OH | 1953-02 | $14,216,684 |
| 3 | Friends And Foundation Of The Rochester Public Library | 115 South Ave, Rochester, NY 14604-1817 | NY | 1989-07 | $9,068,556 |
| 4 | Trustees Of The Haverhill Public Library | 99 Main St, Haverhill, MA 01830-5044 | MA | 1973-02 | $6,899,602 |
| 5 | Sacramento Public Library Foundation | 828 I St, Sacramento, CA 95814-2508 | CA | 1992-03 | $1,629,530 |
| 6 | Friends Of The Burlington Public Library Foundation | C/O Frank Delaney, Burlington, IA 52601 | IA | 1983-03 | $1,626,314 |
| 7 | Millbrook Free Library Tr | PO BOX 1447, Millbrook, NY 12545-1447 | NY | 1982-10 | $1,475,224 |
| 8 | Talbot County Free Library Association Incorporated | 100 W Dover St, Easton, MD 21601-2620 | MD | 1975-11 | $1,361,885 |
| 9 | Cedar Rapids Public Library Foundation | 450 5th Ave Se, Cedar Rapids, IA 52401-1904 | IA | 1974-01 | $1,112,486 |
| 10 | Wellesley Free Library Centennial Fund | 530 Washington St, Wellesley, MA 02482-5916 | MA | 1984-07 | $855,276 |
| 11 | Shelter Island Public Library | PO BOX 2016, Shelter Is, NY 11964-2016 | NY | 1962-09 | $818,285 |
| 12 | Tiffin Seneca Library Foundation | 77 Jefferson St, Tiffin, OH 44883-2339 | OH | 1992-07 | $212,153 |
| 13 | Rockbridge Regional Library Foundation | 138 S Main St, Lexington, VA 24450-2316 | VA | 1992-12 | $194,201 |
| 14 | Taneyhills Library Club | 400 S 4th Street, Branson, MO 65616 | MO | 1975-10 | $179,949 |
| 15 | South Dakota Library Association | 28363 472nd Ave, Worthing, SD 57077-5722 | SD | 1984-04 | $174,257 |
| 16 | Salem Public Library Memorial Fund Association | 821 E State St, Salem, OH 44460-2223 | OH | 1958-12 | $165,439 |
| 17 | Perry Public Library Foundation Inc | PO BOX 278, Perry, IA 50220-0278 | IA | 1986-06 | $112,171 |
| 18 | West Des Moines Library Friends Foundation | 4000 Mills Civic Pkwy, West Des Moines, IA 50265-2049 | IA | 1992-04 | $79,017 |
| 19 | Spencer Public Library Municipal Trust | 21 E 3rd St, Spencer, IA 51301-4131 | IA | 1979-10 | $20,047 |
| 20 | Friends Of The Perry Public Library | 1101 Willis Avenue, Perry, IA 50039 | IA | 1997-07 | $10,496 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 288 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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