Quatrefoil Library in Minneapolis, Minnesota (MN)
Table of contents:
| Quatrefoil Library | |
| Employer Identification Number (EIN) | 363297803 |
| Name of Organization | Quatrefoil Library |
| Address | 1220 E Lake St, Minneapolis, MN 55407-2787 |
| Activities | Library, Literary activities, Described in section 170(b)1)(a)(vi) of the Code |
| Subsection | Educational Organization |
| Ruling Date | 04/1986 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $328,402 |
| Amount of Income | $86,863 |
| Form 990 Revenue Amount | $86,863 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: |
Non-representatives - add comments:
Amount of income in 2013: $86,863 (it was $70,679 in 2012)
| Quatrefoil Library: | $86,863 |
| Other organizations performing similar types of work: | $369,689 |
Assets in 2013: $328,402 (it was $288,148 in 2012)
| This organization: | $328,402 |
| Other organizations performing similar types of work: | $992,794 |
Expenses in 2013: $80,928
| Quatrefoil Library: | $80,928 |
| Other organizations performing similar types of work: | $276,322 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 72.1%
| Quatrefoil Library: | 72.1% |
| Other organizations performing similar types of work: | 79.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $62,193 | $70,679 | $86,863 |
| Contributions, gifts, grants, and similar amounts received | $42,690 | $48,672 | $62,600 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $11,488 | $11,283 | $9,566 |
| Investment income | $2,355 | $3,136 | $5,170 |
| Gain/Loss from sale of assets other than inventory | $144 | $267 | $355 |
| Gross amount from sale of assets other than inventory | $144 | $267 | $355 |
| Less: cost or other basis and sales expenses | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $5,516 | $7,322 | $9,172 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $5,516 | $7,322 | $9,172 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $55,895 | $48,336 | $80,928 |
| Total net assets | $246,427 | $288,148 | $328,402 |
| Excess/Deficit for the year | $6,298 | $22,343 | $5,935 |
| Net assets or fund balances at beginning of year | $240,715 | $246,427 | $288,148 |
| Other changes in net assets or fund balances | $-586 | $19,378 | $34,319 |
| Net assets or fund balances at end of year | $288,148 | $328,402 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $246,427 | $288,148 | $328,402 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $246,427 | $288,148 | $328,402 |
| 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 | $362,532 |
| Subtotal | $376,632 |
| Gifts, grants, contributions, and membership fees received | $346,668 |
| 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 | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $29,964 |
| 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 | $0 |
| 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 | $14,100 |
| Total support | $390,459 |
| Public support | $376,632 |
| Subtotal | $13,827 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $13,827 |
| 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 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Westport Library Assoc | Arnold Bernhard Plaza, Westport, CT 06880 | CT | 1970-01 | $8,749,496 |
| 2 | Willard Library | 7 Van Buren St W, Battle Creek, MI 49017-3009 | MI | 1998-05 | $5,641,017 |
| 3 | Southeastern Public Library System Of Oklahoma | 401 North 2nd Street, Mcalester, OK 74501-4647 | OK | 1990-03 | $4,871,973 |
| 4 | Wallingford Public Library Assoc | Association 200 North Main Street, Wallingford, CT 06492 | CT | 1950-11 | $3,076,738 |
| 5 | South Country Library | 22 Station Rd, Bellport, NY 11713-2444 | NY | 1980-08 | $2,976,944 |
| 6 | Willard Library Of Evansville | 21 First Ave, Evansville, IN 47710-1212 | IN | 1944-11 | $2,245,750 |
| 7 | Rockingham Library Association | 174 S Main St, Harrisonburg, VA 22801-3629 | VA | 1952-01 | $2,221,992 |
| 8 | Schwenkenfelder Library And Heritage Center | 105 Seminary St, Pennsburg, PA 18073-1832 | PA | 1955-07 | $2,113,722 |
| 9 | Southern Tier Library System | 9424 Scott Rd, Painted Post, NY 14870-9598 | NY | 1960-06 | $2,083,389 |
| 10 | Rutland Free Library Association Inc T-A Rutland Free Library | 10 Court St, Rutland, VT 05701-4024 | VT | 1963-10 | $1,766,499 |
| 11 | Webster Memorial Library | 124 S Phelps St, Decatur, MI 49045-1118 | MI | 1962-04 | $1,543,469 |
| 12 | Trustees Of The Forbes Library | 20 West St, Northampton, MA 01060-3713 | MA | 1941-01 | $1,444,262 |
| 13 | Smyth-Bland Regional Library System | 118 S Sheffey St, Marion, VA 24354-2524 | VA | 1990-11 | $1,387,376 |
| 14 | William H Hall Free Library Inc | 1825 Broad St, Cranston, RI 02905-3501 | RI | 1942-06 | $1,375,890 |
| 15 | Wissahickon Valley Public Library | 650 Skippack Pike, Blue Bell, PA 19422-1710 | PA | 1968-05 | $1,262,941 |
| 16 | Quatrefoil Library | 1220 E Lake St, Minneapolis, MN 55407-2787 | MN | 1986-04 | $86,863 |
| 17 | Friends Of The Mountain Lake Library | Po Box 477, Mountain Lake, MN 56159 | MN | 1993-02 | $478 |
| 18 | Friends Of The Elk River Library Inc | 13020 Orono Parkway, Elk River, MN 55330 | MN | 1993-01 | $0 |
| 19 | Friends Of The Hastings Library Inc | 522 Pleasant Dr, Hastings, MN 55033 | MN | 1994-05 | $0 |
| 20 | Princeton Area Library Society Inc | 100 South 4th Avenue, Princeton, MN 55371 | MN | 1992-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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