Klamath County Library Foundation in Klamath Falls, Oregon (OR)
Table of contents:
| Klamath County Library Foundation | |
| Employer Identification Number (EIN) | 260012678 |
| Name of Organization | Klamath County Library Foundation |
| Address | 126 S 3rd St, Klamath Falls, OR 97601-6319 |
| Subsection | Educational Organization |
| Ruling Date | 08/2004 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $447,803 |
| Amount of Income | $127,919 |
| Form 990 Revenue Amount | $127,919 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $127,919 (it was $155,406 in 2013)
| This organization: | $127,919 |
| Other organizations performing similar types of work: | $69,198 |
Assets in 2014: $447,803 (it was $317,297 in 2013)
| This organization: | $447,803 |
| Other organizations performing similar types of work: | $35,127 |
Expenses in 2014: $4,824
| This organization: | $4,824 |
| Other organizations performing similar types of work: | $43,494 |
Income to expenses ratio in 2014: 26.5
| Klamath County Library Foundation: | 26.5 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 97.5%
| This organization: | 97.5% |
| Other organizations performing similar types of work: | 4.5% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $90,099 | $155,406 | $127,919 |
| Contributions, gifts, grants, and similar amounts received | $88,750 | $153,556 | $124,708 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $754 | $856 | $994 |
| Gain/Loss from sale of assets other than inventory | $0 | $994 | $2,217 |
| Gross amount from sale of assets other than inventory | $0 | $994 | $2,217 |
| Less: cost or other basis and sales expenses | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $595 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $17,254 | $6,608 | $4,824 |
| Total net assets | $164,011 | $317,297 | $447,803 |
| Excess/Deficit for the year | $72,845 | $148,798 | $123,095 |
| Net assets or fund balances at beginning of year | $93,672 | $164,011 | $317,297 |
| Other changes in net assets or fund balances | $-2,506 | $4,488 | $7,411 |
| Net assets or fund balances at end of year | $164,011 | $317,297 | $447,803 |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $164,011 | $317,297 | $447,803 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $164,011 | $317,297 | $447,803 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | 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 | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | 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 | No |
| Total amount involved | $0 | $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 | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No |
| Reason for Public Charity Status (for 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $603,591 |
| Subtotal | $603,591 |
| Gifts, grants, contributions, and membership fees received | $599,464 |
| 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 | $4,127 |
| 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 | $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 | $0 |
| Total support | $610,897 |
| Public support | $603,591 |
| Subtotal | $7,306 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $7,306 |
| 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 | Ravenwood High School Quarterback Club | 1724 Wilson Pike, Brentwood, TN 37027-8105 | TN | 2007-02 | $99,991 |
| 2 | Slocomb Band Boosters Inc | PO BOX 376, Slocomb, AL 36375-0376 | AL | 2006-12 | $54,892 |
| 3 | Cities For Education Entrepreneurship Trust Inc, Cee-Trust | PO BOX 9640, Bend, OR 97708-9640 | OR | 2014-10 | $1,582,173 |
| 4 | Village School Foundation | 2855 Lincoln St, Eugene, OR 97405-2737 | OR | 2011-02 | $527,078 |
| 5 | Corbett Schools Booster Club | PO BOX 191, Corbett, OR 97019-0191 | OR | 2011-03 | $179,974 |
| 6 | St Paul Booster Club | PO BOX 32, St Paul, OR 97137-0032 | OR | 1994-08 | $150,831 |
| 7 | Trojan Booster Club | Po Box 80472, Portland, OR 97280 | OR | 1999-06 | $149,029 |
| 8 | Coos Bay Schools Community Foundation | Po Box 1372, Coos Bay, OR 97420 | OR | 2008-05 | $146,209 |
| 9 | Sherwood Mitch Parent Advisory Committee | PO BOX 1342, Sherwood, OR 97140-1342 | OR | 2006-04 | $124,001 |
| 10 | Tualatin High School Athletic Booster Club | PO BOX 1671, Tualatin, OR 97062-1671 | OR | 1994-02 | $115,218 |
| 11 | Astor Parent Teacher Student Organization | 5601 N Yale St, Portland, OR 97203-5254 | OR | 2012-09 | $111,916 |
| 12 | Friends Of The Jefferson Public Library | P O Box 656, Jefferson, OR 97352 | OR | 2004-07 | $104,560 |
| 13 | Scappoose Booster Club | PO BOX 366, Scappoose, OR 97056-0366 | OR | 2009-09 | $102,382 |
| 14 | Ontario High School Booster Club | 87 Se 7th Avenue Po Box 309, Ontario, OR 97914 | OR | 2007-04 | $95,665 |
| 15 | Sheldon Colleens Inc | 1136 S 40th Ct, Springfield, OR 97478-6570 | OR | 2011-07 | $92,685 |
| 16 | Pacer Pride Inc | 333 S State St Suite V Pmb 189, Lake Oswego, OR 97034 | OR | 2008-12 | $86,539 |
| 17 | Sherwood Education Foundation | PO BOX 1514, Sherwood, OR 97140-1514 | OR | 1999-01 | $83,715 |
| 18 | Springville Pto | 6655 Nw Joss Ave, Portland, OR 97229 | OR | 2009-09 | $82,375 |
| 19 | Lincoln High School Pto | 1600 Sw Salmon Street, Portland, OR 97205 | OR | 2013-08 | $75,027 |
| 20 | Bethel Education Foundation | 4640 Barger Dr, Eugene, OR 97402 | OR | 2010-04 | $70,481 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 10,796 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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