Nonprofit · EIN 39-1651737
RIVER FALLS LIBRARY FOUNDATION INC
Tax-exempt · RIVER FALLS, WI 54022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $48,387 | $82,037 | -$33,650 | $1,055,811 | $3,750 | $1,052,061 |
| December 31, 2023 | 990 | $46,215 | $27,167 | $19,048 | $1,004,424 | $0 | $1,004,424 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $14,669
- Membership dues
- $900
- Program service revenue
- $0
- Investment income
- $33,716
- Other revenue
- $2
Expenses
- Grants and similar amounts paid
- $29,981
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $43,855
- Accounting fees
- $950
- Program services (functional)
- $30,070
- Management and general (functional)
- $7,900
- Fundraising (functional)
- $44,067
Balance sheet and other
- Total assets, start of year
- $1,004,424
- Total assets, end of year
- $1,055,811
- Total liabilities, end of year
- $3,750
- Net assets, end of year
- $1,052,061
- Publicly traded securities
- $297,663
- Net assets without donor restrictions
- $1,052,061
- Gross receipts
- $48,387
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1991
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Linda Jacobson | Director Trustee or director | 1 | $0 |
| Dave Ostness | Director Trustee or director | 1 | $0 |
| Kay Montgomery | President Trustee or director, Officer | 2 | $0 |
| Alyce Jacobs | Secretary Trustee or director, Officer | 1 | $0 |
| Callie Trautmiller | Vice President Trustee or director, Officer | 1 | $0 |
| Sarah Nelson | Treasurer Trustee or director, Officer | 3 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Linda Jacobson | Director Trustee or director | 1 | $0 |
| Dave Ostness | Director Trustee or director | 1 | $0 |
| Callie Trautmiller | Secretary Trustee or director, Officer | 1 | $0 |
| Kay Montgomery | President Trustee or director, Officer | 2 | $0 |
| Betsy Weterhaus | Vice President Trustee or director, Officer | 1 | $0 |
| Mae Wolfe | Treasurer Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 592, RIVER FALLS, WI 54022-0592
- In care of
- % SARAH NELSON
- Mailing address (990-N for 2012)
- PO BOX 592, RIVER FALLS WI 54022
- Principal officer (990-N for 2012)
- KEVIN FLYNN, PO BOX 592, RIVER FALLS WI 54022
- Signed the 990
- SARAH NELSON, Treasurer
- Phone
- (715) 441-1890
- Return prepared by
- Schutz CPA Ltd
Mission
To support River Falls Library programs.
Program accomplishments
- The Foundation provides support to the River Falls Library in its efforts to enrich lives and build community by connecting people with information, ideas, spaces, and opportunities while responsibly managing funds contributed to the Foundation. The Foundation works with library staff to provide program and technology support by approving requests. The library director and staff prioritize and bring requests to The Foundation for approval and payment oversight of invoices for books, materials, speakers, and other programming paid throughout the year.Expenses $30,070 · grants $29,981
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1651737
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $1,055,811
- Income (IRS master file)
- $48,387
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $48,387 | $82,037 | $1,055,811 | IRS |
| 990 | December 2023 | $46,215 | $27,167 | $1,004,424 | XML |
| 990 | December 2022 | $27,884 | $39,047 | $880,419 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: KEVIN FLYNN | September 30, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1651737).
Questions about RIVER FALLS LIBRARY FOUNDATION INC
- What is the EIN of RIVER FALLS LIBRARY FOUNDATION INC?
- The employer identification number (EIN) of RIVER FALLS LIBRARY FOUNDATION INC is 39-1651737.
- Is RIVER FALLS LIBRARY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to RIVER FALLS LIBRARY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RIVER FALLS LIBRARY FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of RIVER FALLS LIBRARY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RIVER FALLS LIBRARY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RIVER FALLS LIBRARY FOUNDATION INC?
- The 990-N for 2012 names KEVIN FLYNN.
- Who are the officers and directors of RIVER FALLS LIBRARY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does RIVER FALLS LIBRARY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $48,387, expenses of $82,037 and total assets of $1,055,811 at year end.
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