Racine Public Library Foundation Inc in Racine, Wisconsin (WI)
Table of contents:
| Racine Public Library Foundation Inc | |
| Employer Identification Number (EIN) | 202892559 |
| Name of Organization | Racine Public Library Foundation Inc |
| In Care of Name | Jessica MacPhail |
| Address | 75 7th Street, Racine, WI 53403 |
| Website | http://www.racinelibrary.info |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 08/2005 |
| 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 | 2010 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $320,118 |
| Amount of Income | $99,044 |
| Form 990 Revenue Amount | $99,044 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2010: $99,044 (it was $99,044 in 2013)
| This organization: | $99,044 |
| Other organizations performing similar types of work: | $29,036 |
Assets in 2010: $320,118 (it was $320,118 in 2013)
| Racine Public Library Foundation Inc: | $320,118 |
| Other organizations performing similar types of work: | $79,636 |
Expenses in 2013: $23,825
| This organization: | $23,825 |
| Other organizations performing similar types of work: | $20,046 |
Income to expenses ratio in 2013: 4.2
| Racine Public Library Foundation Inc: | 4.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 87.4%
| This organization: | 87.4% |
| 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 | $104,720 | $99,044 | |
| Contributions, gifts, grants, and similar amounts received | $98,020 | $86,555 | |
| Program service revenue including government fees and contracts | $5,655 | $10,765 | |
| Membership dues and assessments | $0 | $0 | |
| Investment income | $1,045 | $1,724 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $760 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | |
| Other revenue | $0 | $0 | |
| Total expenses | $293,541 | $23,825 | |
| Total net assets | $243,896 | $320,108 | |
| Excess/Deficit for the year | $-188,821 | $75,219 | |
| Net assets or fund balances at beginning of year | $432,277 | $243,895 | |
| Other changes in net assets or fund balances | $440 | $994 | |
| Net assets or fund balances at end of year | $243,896 | $320,109 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $432,277 | $243,896 | $320,118 |
| Total liabilities | $0 | $0 | $10 |
| Net assets or fund balances | $243,896 | $320,108 | |
| 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 | |
| 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 | |
| Gross receipts for public use of club facilities | $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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $618,875 |
| Subtotal Support | $618,875 |
| Gifts, grants, contributions, and membership fees received | $618,875 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $632,360 |
| Public Support | $618,875 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $8,784 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $2,482 |
| Other income. Do not include gain or loss from the sale of capital assets | $2,219 |
| Gross receipts from related activities, etc. | $33,503 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Three Lakes Public Library Foundation Inc | Po Box 760, Three Lakes, WI 54562 | WI | 2004-08 | $648,504 |
| 2 | Sun Prairie Public Library Foundation Inc | 1350 Linnerud Dr, Sun Prairie, WI 53590-2631 | WI | 2000-07 | $175,327 |
| 3 | Racine Public Library Foundation Inc | 75 7th Street, Racine, WI 53403 | WI | 2005-08 | $99,044 |
| 4 | Friends Of The Lawton Memoriallibrary Inc | PO BOX 3, La Farge, WI 54639-0003 | WI | 2012-02 | $40,598 |
| 5 | South Central Library System Foundation Inc | 4610 S Biltmore Ln Ste 101, Madison, WI 53718-2153 | WI | 2006-06 | $22,637 |
| 6 | Cops And Kids Foundation Inc | W249n8120 Hillside Rd, Sussex, WI 53089-1404 | WI | 2010-09 | $17,465 |
| 7 | Crandon Public Library Foundation Inc | 110 Polk Street, Crandon, WI 54520 | WI | 1997-09 | $0 |
| 8 | Friends Of Greater Orfordville Area Library Ltd | P O Box 102, Orfordville, WI 53576 | WI | 2011-05 | $0 |
| 9 | Friends Of Janesville Public Access Television Inc | 316 South Main Street, Janesville, WI 53545 | WI | 2001-04 | $0 |
| 10 | Friends Of Land O Lakes Library Inc | Po Box 34, Land O Lakes, WI 54540 | WI | 2011-05 | $0 |
| 11 | Friends Of The Belleville Public Library Inc | 130 S Vine Street, Belleville, WI 53508 | WI | 1999-03 | $0 |
| 12 | Friends Of The Black Creek Village Library Inc | 507 S Maple St, Black Creek, WI 54106 | WI | 2011-06 | $0 |
| 13 | Friends Of The Brewer Public Library | 325 N Central Ave, Richland Center, WI 53581-1802 | WI | 2000-04 | $0 |
| 14 | Friends Of The Brickl Memorial Library | Po Box 219, Dickeyville, WI 53808 | WI | 2007-10 | $0 |
| 15 | Friends Of The Brookfield Public Library Inc | 1900 N Calhoun Rd, Brookfield, WI 53005 | WI | 2004-12 | $0 |
| 16 | Friends Of The Cottage Grove Library | Po Box 136, Cottage Grove, WI 53527 | WI | 2005-10 | $0 |
| 17 | Friends Of The Deforest Area Public Library | 203 Library Street, Deforest, WI 53532 | WI | 2011-01 | $0 |
| 18 | Friends Of The Florence County Library Inc | Po Box 440, Florence, WI 54121 | WI | 2011-12 | $0 |
| 19 | Friends Of The Frederic Library Inc | Po Box 700, Frederic, WI 54837 | WI | 2009-07 | $0 |
| 20 | Friends Of The Grantsburg Library Inc | Po Box 712, Grantsburg, WI 54840 | WI | 1999-10 | $0 |
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| Total | 1,320 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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