Friends Of The Library Of Le Sueur Foundation in Le Sueur, Minnesota (MN)
Table of contents:
| Friends Of The Library Of Le Sueur Foundation | |
| Employer Identification Number (EIN) | 411318368 |
| Name of Organization | Friends Of The Library Of Le Sueur Foundation |
| Address | 108 S Main St, Le Sueur, MN 56058-1909 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $51,196 |
| Amount of Income | $33,834 |
| Form 990 Revenue Amount | $32,668 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $33,834 (it was $25,024 in 2012)
| This organization: | $33,834 |
| Other organizations performing similar types of work: | $29,036 |
Assets in 2013: $51,196 (it was $36,127 in 2012)
| Friends Of The Library Of Le Sueur Foundation: | $51,196 |
| Other organizations performing similar types of work: | $79,636 |
Expenses in 2013: $17,599
| Friends Of The Library Of Le Sueur Foundation: | $17,599 |
| Other organizations performing similar types of work: | $20,046 |
Income to expenses ratio in 2013: 1.9
| Friends Of The Library Of Le Sueur Foundation: | 1.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 61.0%
| This organization: | 61.0% |
| Other organizations performing similar types of work: | 7.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $23,390 | $24,924 | $32,668 |
| Contributions, gifts, grants, and similar amounts received | $18,408 | $15,810 | $19,922 |
| Program service revenue including government fees and contracts | $1,538 | $1,183 | $8,785 |
| Membership dues and assessments | $2,325 | $2,519 | $2,580 |
| Investment income | $44 | $45 | $57 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $520 | $2,853 | $-116 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $570 | $2,953 | $1,050 |
| Less: direct expenses from gaming and fundraising events | $50 | $100 | $1,166 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $555 | $2,514 | $1,440 |
| Total expenses | $23,890 | $23,749 | $17,599 |
| Total net assets | $34,952 | $36,127 | $51,196 |
| Excess/Deficit for the year | $-500 | $1,175 | $15,069 |
| Net assets or fund balances at beginning of year | $35,452 | $34,952 | $36,127 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $36,127 | $51,196 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $34,952 | $36,127 | $51,196 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $34,952 | $36,127 | $51,196 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $126,300 |
| Subtotal | $126,300 |
| Gifts, grants, contributions, and membership fees received | $107,755 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $18,545 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $126,300 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $128,614 |
| Public support | $126,300 |
| Subtotal | $251 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $251 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $2,063 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Cannon Falls Library Foundation | 306 W Mill St, Cannon Falls, MN 55009 | MN | 2005-03 | $47,018 |
| 2 | Friends Of Pequot Lakes Community Library Inc | 31069 County Rd 112, Pequot Lakes, MN 56472-2403 | MN | 2010-03 | $40,965 |
| 3 | Friends Of The Eden Prairie Librar | 565 Prairie Center Dr, Eden Prairie, MN 55344-5379 | MN | 2006-09 | $23,102 |
| 4 | Friends Of Thorson Memorial Library | Po Box 423, Elbow Lake, MN 56531 | MN | 2010-11 | $19,756 |
| 5 | Outing Volunteer Library, Carol Pierce | 6300 Woods Bay Dr, Outing, MN 56662 | MN | 2009-03 | $6,783 |
| 6 | Friends Of The Lanesboro Minnesota Public Library | 202 Parkway Ave S, Lanesboro, MN 55949 | MN | 2002-05 | $4,220 |
| 7 | Friends Of Inver Glen Library | 8098 Blaine Ave, Inver Grove Heights, MN 55076 | MN | 2000-01 | $4,119 |
| 8 | Friends Of The Oxboro Library | 8801 Portland Ave S, Bloomington, MN 55420 | MN | 1979-10 | $3,940 |
| 9 | Albert Lea Public Library Foundation | 1452 West Main St, Albert Lea, MN 56007 | MN | 2006-09 | $0 |
| 10 | Chisago Lakes Area Friends Of The Library | 11745 302nd Street, Chisago City, MN 55013 | MN | 2010-06 | $0 |
| 11 | Clearwater Area Friends Of The Library Inc | Po Box 181, Clearwater, MN 55320 | MN | 2011-07 | $0 |
| 12 | Clearwater Library Foundation | PO BOX 74, Bagley, MN 56621 | MN | 1999-11 | $0 |
| 13 | Friends Of The Austin Library Inc | 323 Fourth Avenue Ne, Austin, MN 55912 | MN | 2000-04 | $0 |
| 14 | Friends Of The Barnesville Branch Library | Po Box 549, Barnesville, MN 56514 | MN | 2013-04 | $0 |
| 15 | Friends Of The Becker Library | 11500 Sherburne Ave, Becker, MN 55308 | MN | 2010-04 | $0 |
| 16 | Friends Of The Campbell Library | 422 4th Street Nw, East Grand Fork, MN 56721 | MN | 1998-09 | $0 |
| 17 | Friends Of The Excelsior Community Library | 343 - 3rd Street Po Box 151, Excelsior, MN 55331 | MN | 1996-02 | $0 |
| 18 | Friends Of The Falls Public Library | 750 4th St, International Falls, MN 56649 | MN | 1997-01 | $0 |
| 19 | Friends Of The Fergus Falls Public Library Inc | 205 E Hampden Ave, Fergus Falls, MN 56537 | MN | 2007-12 | $0 |
| 20 | Friends Of The Library - Comfrey Chapter | 201 White St S, Comfrey, MN 56019 | MN | 2008-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,320 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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