Carthage District Library Foundation
Carthage District Library Foundation
EIN: 46-5183105
as of September 2024
as of September 09, 2024
Mission
To raise funds, seek grants, and accept and manage major gifts and endowments on behalf of the Carthage Public Library District.
Ruling year
2017
Principal Officer
Amy Gee
Co Principal Officer
David Zanolla
Main address
500 Wabash Ave
Carthage, IL 62321 USA
EIN
46-5183105
Libraries
Population served
Adults
Children and youth
NTEE code
Libraries, Library Science (B70)
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 Campaign
The Carthage District Library Foundation has launched a capital campaign to raise funds for Carthage Public Library District's plan to construct a new library building. The Library received a Public Library Construction Act Grant and the voter's passed a bond referendum to build a new 10,000 sq. ft. building. The original cost for the project was $2.5 million. However, prices have increased dramatically and bids came in at $5 million for just the construction portion of the project. The Foundation is raising funds for the Library's construction project and for shelving and furnishings. The Carthage Public Library District's boundaries are the same as those of the Carthage Elementary School District 317 in Hancock County, IL.
Where we work
Financials
Revenue vs. expenses: breakdown
Liquidity in 2023 info
0.00
Months of cash in 2023 info
272535.8
Fringe rate in 2023 info
0%
Funding sources info
Assets & liabilities info
Financial data
Carthage District Library Foundation
Revenue & expensesFiscal Year: Jul 01 - Jun 30
Carthage District Library Foundation
Balance sheetFiscal Year: Jul 01 - Jun 30
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: Jul 01 - Jun 30
This snapshot of Carthage District Library Foundation’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 | 2023 |
|---|---|
| Unrestricted surplus (deficit) before depreciation | $117,786 |
| As % of expenses | 471144.0% |
| Unrestricted surplus (deficit) after depreciation | $117,786 |
| As % of expenses | 471144.0% |
| Revenue composition info | |
|---|---|
| Total revenue (unrestricted & restricted) | $117,811 |
| Total revenue, % change over prior year | 0.0% |
| Program services revenue | 0.0% |
| Membership dues | 0.0% |
| Investment income | 3.7% |
| Government grants | 0.0% |
| All other grants and contributions | 96.3% |
| Other revenue | 0.0% |
| Expense composition info | |
|---|---|
| Total expenses before depreciation | $25 |
| Total expenses, % change over prior year | 0.0% |
| Personnel | 0.0% |
| Professional fees | 0.0% |
| Occupancy | 0.0% |
| Interest | 0.0% |
| Pass-through | 0.0% |
| All other expenses | 100.0% |
| Full cost components (estimated) info | 2023 |
|---|---|
| Total expenses (after depreciation) | $25 |
| One month of savings | $2 |
| Debt principal payment | $0 |
| Fixed asset additions | $0 |
| Total full costs (estimated) | $27 |
Capital structure indicators
| Liquidity info | 2023 |
|---|---|
| Months of cash | 272535.8 |
| Months of cash and investments | 272535.8 |
| Months of estimated liquid unrestricted net assets | 272535.8 |
| Balance sheet composition info | 2023 |
|---|---|
| Cash | $567,783 |
| 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 | $0 |
| Temporarily restricted net assets | N/A |
| Permanently restricted net assets | N/A |
| Total restricted net assets | $0 |
| Total net assets | $567,783 |
Key data checks
| Key data checks info | 2023 |
|---|---|
| Material data errors | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Principal Officer
Amy Gee
Co Principal Officer
David Zanolla
Number of employees
Source: IRS Form 990
Carthage District Library Foundation
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
This organization has no recorded board members.
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