Nonprofit · EIN 42-1208961
COUNCIL BLUFFS PUBLIC LIBRARY FOUNDATION
Tax-exempt · COUNCIL BLFS, IA 51503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $384,163 | $502,327 | -$118,164 | $13,733,879 | $1,438 | $13,732,441 |
| December 31, 2023 | 990 | $770,923 | $365,926 | $404,997 | $12,970,787 | $928 | $12,969,859 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $37,204
- Program service revenue
- $0
- Investment income
- $346,959
- Net gain from sales of assets
- -$131,956
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $4,400
- Salaries, compensation and benefits (total)
- $4,737
- Professional fundraising fees
- $0
- Legal fees
- $1,438
- Accounting fees
- $6,250
- Management and general (functional)
- $502,327
Balance sheet and other
- Total assets, start of year
- $12,970,787
- Total assets, end of year
- $13,733,879
- Total liabilities, end of year
- $1,438
- Net assets, end of year
- $13,732,441
- Publicly traded securities
- $13,460,602
- Net assets without donor restrictions
- $13,570,212
- Net assets with donor restrictions
- $162,229
- Gross receipts
- $4,361,073
- Employees
- 1
- Year formed
- 1983
- State of legal domicile
- IA
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 |
|---|---|---|---|
| John P Nelson | Director Trustee or director | 0 | $0 |
| Kathleen Pyper | President Trustee or director, Officer | 0 | $0 |
| Brian Cady | Vice President Trustee or director, Officer | 0 | $0 |
| Francis Clark | Director Trustee or director | 0 | $0 |
| Michelle L Lee | Treasurer Trustee or director, Officer | 0 | $0 |
| Steven Krohn | Secretary Trustee or director, Officer | 0 | $0 |
| Kathleen Tisher | Director Trustee or director | 0 | $0 |
| Jessica Rosenberg | Director Trustee or director | 0 | $0 |
| Edward Lynn | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John P Nelson | Director Trustee or director | 0 | $0 |
| Kathleen Pyper | President Trustee or director, Officer | 0 | $0 |
| Brian Cady | Vice President Trustee or director, Officer | 0 | $0 |
| Francis Clark | Director Trustee or director | 0 | $0 |
| Michelle L Lee | Treasurer Trustee or director, Officer | 0 | $0 |
| Steven Krohn | Secretary Trustee or director, Officer | 0 | $0 |
| Kathleen Tisher | Director Trustee or director | 0 | $0 |
| Jessica Rosenberg | Director Trustee or director | 0 | $0 |
| Edward Lynn | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 400 WILLOW AVE, COUNCIL BLFS, IA 51503-9042
- Principal officer (990 for 2024)
- Michelle L Lee, 400 Willow Avenue, Council Bluffs, IA 51503
- Signed the 990
- Michelle L Lee, Treasurer
- Phone
- (712) 323-7553
- Website
- www.councilbluffslibrary.org
- Return prepared by
- Peters Law Firm P C
Mission
The primary purpose of the Council Bluffs Public Library Foundaton is the funding of the building and operation of the Council Bluffs Public Library.
Program accomplishments
- Operating support for various programs offered by the Council Bluffs Public Librarygrants $333,495
- Operating support for various childrens programs of the Council Bluffs Public Library from the Alice Wells Trust Endowment.grants $93,460
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 42-1208961
- 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
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $13,733,879
- Income (IRS master file)
- $4,361,073
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $384,163 | $502,327 | $13,733,879 | IRS |
| 990 | December 2023 | $770,923 | $365,926 | $12,970,787 | XML |
| 990 | December 2022 | $1,105,640 | $344,992 | $11,722,339 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
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 42-1208961).
Questions about COUNCIL BLUFFS PUBLIC LIBRARY FOUNDATION
- What is the EIN of COUNCIL BLUFFS PUBLIC LIBRARY FOUNDATION?
- The employer identification number (EIN) of COUNCIL BLUFFS PUBLIC LIBRARY FOUNDATION is 42-1208961.
- Is COUNCIL BLUFFS PUBLIC LIBRARY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to COUNCIL BLUFFS PUBLIC LIBRARY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COUNCIL BLUFFS PUBLIC LIBRARY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COUNCIL BLUFFS PUBLIC LIBRARY FOUNDATION 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 COUNCIL BLUFFS PUBLIC LIBRARY FOUNDATION 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 COUNCIL BLUFFS PUBLIC LIBRARY FOUNDATION?
- The 990 for the year ended December 31, 2024 names Michelle L Lee.
- Who are the officers and directors of COUNCIL BLUFFS PUBLIC LIBRARY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does COUNCIL BLUFFS PUBLIC LIBRARY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $384,163, expenses of $502,327 and total assets of $13,733,879 at year end.
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