Meridian Library District Foundation, Inc
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Meridian Library District Foundation, Inc
EIN: 83-4381711
as of September 2023
as of September 18, 2023
Mission
Meridian Library Foundation was founded in 2019 as a 501(c)(3) nonprofit to develop and encourage the long-term financial health and growth of the Meridian Library District with the purchase of land, construction of new buildings, and renovation/maintenance of current facilities.
Ruling year
2019
Foundation Manager
Eryn Turner
Main address
1326 W CHERRY LN
MERIDIAN, ID 83642 USA
EIN
83-4381711
Education
Libraries
Population served
Children and youth
Adults
NTEE code
Fund Raising and/or Fund Distribution (B12)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Capital Fundraising
Raising funds to support the capital needs of the Meridian Library District.
Where we work
External reviews
Financials
Revenue vs. expenses: breakdown
Liquidity in 2022 info
Months of cash in 2022 info
Fringe rate in 2022 info
%
Funding sources info
Assets & liabilities info
Financial data
Meridian Library District Foundation, Inc
Revenue & expensesFiscal Year: Jan 01 - Dec 31
Meridian Library District Foundation, Inc
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of Meridian Library District Foundation, Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2021 |
|---|---|
| Unrestricted surplus (deficit) before depreciation | $296,147 |
| As % of expenses | 1104.6% |
| Unrestricted surplus (deficit) after depreciation | $296,147 |
| As % of expenses | 1104.6% |
| Revenue composition info | |
|---|---|
| Total revenue (unrestricted & restricted) | $324,157 |
| Total revenue, % change over prior year | 0.0% |
| Program services revenue | 0.0% |
| Membership dues | 0.0% |
| Investment income | 0.0% |
| Government grants | 0.0% |
| All other grants and contributions | 100.0% |
| Other revenue | 0.0% |
| Expense composition info | |
|---|---|
| Total expenses before depreciation | $26,810 |
| Total expenses, % change over prior year | 0.0% |
| Personnel | 0.0% |
| Professional fees | 0.0% |
| Occupancy | 0.0% |
| Interest | 0.0% |
| Pass-through | 94.6% |
| All other expenses | 5.4% |
| Full cost components (estimated) info | 2021 |
|---|---|
| Total expenses (after depreciation) | $26,810 |
| One month of savings | $2,234 |
| Debt principal payment | $0 |
| Fixed asset additions | $0 |
| Total full costs (estimated) | $29,044 |
Capital structure indicators
| Liquidity info | 2021 |
|---|---|
| Months of cash | 143.0 |
| Months of cash and investments | 143.0 |
| Months of estimated liquid unrestricted net assets | 143.0 |
| Balance sheet composition info | 2021 |
|---|---|
| Cash | $319,582 |
| Investments | $0 |
| Receivables | $0 |
| Gross land, buildings, equipment (LBE) | $0 |
| Accumulated depreciation (as a % of LBE) | 0.0% |
| Liabilities (as a % of assets) | 0.0% |
| Unrestricted net assets | $319,582 |
| Temporarily restricted net assets | N/A |
| Permanently restricted net assets | N/A |
| Total restricted net assets | $0 |
| Total net assets | $319,582 |
Key data checks
| Key data checks info | 2021 |
|---|---|
| Material data errors | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Foundation Manager
Eryn Turner
Number of employees
Source: IRS Form 990
Meridian Library District Foundation, Inc
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Meridian Library District Foundation, Inc
Board of directorsas of 03/06/2023
Board of directors data
Victoria Henderson
Christina Torkelson
Dom Gelsomino
Brian Turner
Mary Hibler
Mary Liz Jones
Jake Tolman
Becky McKinstry
Katie Marshall
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