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INDIANAPOLIS - MARION COUNTY PUBLIC LIBRARY FOUNDATION INC

aka The Indianapolis Public Library Foundation   |   Indianapolis, IN   |  https://indyplfoundation.org/
GuideStar Charity Check

INDIANAPOLIS - MARION COUNTY PUBLIC LIBRARY FOUNDATION INC

EIN: 23-7016089


Mission

The mission of The Indianapolis Public Library Foundation is to partner with donors to enrich lives, foster lifelong learning and engage our diverse community through The Indianapolis Public Library.

Ruling year info

1969

President

Roberta Jaggers

Main address

PO Box 6134

Indianapolis, IN 46206-6134 USA

Show more contact info

EIN

23-7016089

Subject area info

Libraries

Public libraries

Population served info

Children and youth

Adults

Families

Parents

Caregivers

NTEE code info

Libraries, Library Science (B70)

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Summer Reading Program

The Indianapolis Public Library’s annual eight-week Summer Reading Program motivates thousands of children and parents to increase the number of books and time they spend reading. It is offered free of charge at all branches, Central Library and over 100 youth-serving agencies through bookmobile service. Auxiliary activities, such as live animal shows, art workshops, concerts and science activities, provide further opportunities for learning, discovery and community engagement.

Population(s) Served
Children and youth
Families

Where we work

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To make fundamental changes to our programs and/or operations, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback, Staff find it hard to prioritize feedback collection and review due to lack of time

Financials

INDIANAPOLIS - MARION COUNTY PUBLIC LIBRARY FOUNDATION INC
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 2022 - 2021 Library Foundation Financial Statements 2021 Library Foundation Financial Statements 2021-2020
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

215.43

Average of 194.20 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

11.1

Average of 11.3 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

20%

Average of 19% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

INDIANAPOLIS - MARION COUNTY PUBLIC LIBRARY FOUNDATION INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

INDIANAPOLIS - MARION COUNTY PUBLIC LIBRARY FOUNDATION INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

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 ending: cloud_download Download Data

INDIANAPOLIS - MARION COUNTY PUBLIC LIBRARY FOUNDATION INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of INDIANAPOLIS - MARION COUNTY PUBLIC LIBRARY 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 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$399,283 $270,259 $279,241 $725,025 -$1,018,478
As % of expenses -10.1% 9.0% 8.0% 19.4% -32.5%
Unrestricted surplus (deficit) after depreciation -$399,533 $268,811 $277,825 $723,476 -$1,020,027
As % of expenses -10.1% 8.9% 8.0% 19.3% -32.5%
Revenue composition info
Total revenue (unrestricted & restricted) $2,717,251 $3,502,640 $2,555,002 $3,579,299 $2,552,026
Total revenue, % change over prior year 3.1% 28.9% -27.1% 40.1% -28.7%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 14.4% 9.9% 10.6% 14.0% 12.5%
Government grants 0.0% 0.0% 0.0% 3.0% 0.0%
All other grants and contributions 71.6% 82.8% 75.6% 72.3% 63.3%
Other revenue 14.0% 7.3% 13.8% 10.7% 24.2%
Expense composition info
Total expenses before depreciation $3,941,181 $3,005,097 $3,477,469 $3,744,780 $3,138,439
Total expenses, % change over prior year -4.9% -23.8% 15.7% 7.7% -16.2%
Personnel 14.9% 19.8% 17.6% 19.0% 22.6%
Professional fees 2.0% 2.6% 2.1% 2.1% 3.3%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 76.9% 73.8% 76.6% 76.0% 69.8%
All other expenses 6.1% 3.8% 3.7% 2.9% 4.3%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $3,941,431 $3,006,545 $3,478,885 $3,746,329 $3,139,988
One month of savings $328,432 $250,425 $289,789 $312,065 $261,537
Debt principal payment $0 $0 $0 $108,214 $0
Fixed asset additions $8,384 $0 $0 $2,457 $0
Total full costs (estimated) $4,278,247 $3,256,970 $3,768,674 $4,169,065 $3,401,525

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 7.9 13.4 13.8 10.8 11.1
Months of cash and investments 33.6 52.9 47.2 46.1 46.7
Months of estimated liquid unrestricted net assets 11.9 16.7 15.4 16.6 15.9
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $2,606,350 $3,359,061 $3,999,459 $3,359,522 $2,890,322
Investments $8,418,671 $9,894,657 $9,681,308 $11,026,918 $9,334,294
Receivables $523,139 $296,784 $182,741 $279,465 $299,331
Gross land, buildings, equipment (LBE) $200,278 $200,278 $200,278 $202,735 $202,735
Accumulated depreciation (as a % of LBE) 95.6% 96.3% 97.0% 96.6% 97.4%
Liabilities (as a % of assets) 0.3% 0.2% 0.7% 0.2% 0.2%
Unrestricted net assets $3,921,989 $4,190,800 $4,468,625 $5,192,101 $4,172,074
Temporarily restricted net assets $5,953,188 N/A N/A N/A N/A
Permanently restricted net assets $9,832,499 N/A N/A N/A N/A
Total restricted net assets $15,785,687 $18,366,683 $18,921,698 $21,454,878 $18,471,534
Total net assets $19,707,676 $22,557,483 $23,390,323 $26,646,979 $22,643,608

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President

Roberta Jaggers

Number of employees

Source: IRS Form 990

INDIANAPOLIS - MARION COUNTY PUBLIC LIBRARY FOUNDATION INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

INDIANAPOLIS - MARION COUNTY PUBLIC LIBRARY FOUNDATION INC

Board of directors
as of 01/19/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Angela Mager

College of Education, Butler University

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 4/10/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person with a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

Equity strategies

Last updated: 04/10/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.