Nonprofit · EIN 71-0827418
FAYETTEVILLE PUBLIC LIBRARY FOUNDATION
Tax-exempt · FAYETTEVILLE, AR 72701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,730,425 | $2,015,206 | $1,715,219 | $22,832,661 | $1,235,260 | $21,597,401 |
| December 31, 2023 | 990 | $1,434,160 | $2,063,645 | -$629,485 | $26,422,636 | $6,706,310 | $19,716,326 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,148,796
- of which government grants
- $222,561
- Program service revenue
- $0
- Investment income
- $404,289
- Net rental income
- $179,824
- Net gain from sales of assets
- $150,452
- Net income from fundraising events
- -$2,963
- Other revenue
- $177,340
Expenses
- Grants and similar amounts paid
- $633,052
- Other salaries and wages
- $171,850
- Salaries, compensation and benefits (total)
- $221,799
- Professional fundraising fees
- $0
- Accounting fees
- $32,000
- Occupancy
- $9,000
- Travel
- $6,529
- Depreciation
- $865,739
- Program services (functional)
- $633,052
- Management and general (functional)
- $1,380,552
- Fundraising (functional)
- $1,602
Balance sheet and other
- Total assets, start of year
- $26,422,636
- Total assets, end of year
- $22,832,661
- Total liabilities, end of year
- $1,235,260
- Net assets, end of year
- $21,597,401
- Land, buildings and equipment
- $14,417,433
- Net assets without donor restrictions
- $2,583,402
- Net assets with donor restrictions
- $19,013,999
- Gross receipts
- $5,906,834
- Employees
- 4
- Volunteers
- 51
- Year formed
- 1999
- State of legal domicile
- AR
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 |
|---|---|---|---|
| Charles Leflar | Treasurer Trustee or director, Officer | 0.3 | $0 |
| Jessica Andrews | Vice President after mid-year Trustee or director, Officer | 0.3 | $0 |
| kerri Mcmahon | Vice President through mid-year Trustee or director, Officer | 0.3 | $0 |
| Rachel Sullivant | Secretary Trustee or director, Officer | 0.3 | $0 |
| Stan Rodgers | Trustee Liaison Trustee or director, Officer | 0.3 | $0 |
| Teresa Cornett | President Trustee or director, Officer | 0.3 | $0 |
| Aaron Holt | Board Member Trustee or director | 0.3 | $0 |
| Casey Greene | Board Member Trustee or director | 0.3 | $0 |
| Chris Franke | Board Member Trustee or director | 0.3 | $0 |
| Eva Terry | Board Member Trustee or director | 0.3 | $0 |
| Hannah Clark | Board Member Trustee or director | 0.3 | $0 |
| Hillary Morgan | Board Member Trustee or director | 0.3 | $0 |
| Jerry Perez | Board Member Trustee or director | 0.3 | $0 |
| Jessica Gray | Board Member Trustee or director | 0.3 | $0 |
| John Stout | Board Member Trustee or director | 0.3 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Katie Milligan | Board Member Trustee or director | 0.3 | $0 |
| Katie Terrell | Board Member Trustee or director | 0.3 | $0 |
| Khalid Admadzai | Board Member Trustee or director | 0.3 | $0 |
| Matthew wolfe | Board Member Trustee or director | 0.3 | $0 |
| Melody Timinsky | Board Member Trustee or director | 0.3 | $0 |
| Mike Daily | Board Member Trustee or director | 0.3 | $0 |
| Tina Hodne | Board Member Trustee or director | 0.3 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CASEY GREENE | VICE PRESIDENT Trustee or director, Officer | 0.3 | $0 |
| CHARLES LEFLAR | TREASURER Trustee or director, Officer | 0.3 | $0 |
| KERRI MCMAHON | VICE PRESIDENT Trustee or director, Officer | 0.3 | $0 |
| MAILENA URSO | SECRETARY Trustee or director, Officer | 0.3 | $0 |
| RACHEL SULLIVANT | SECRETARY Trustee or director, Officer | 0.3 | $0 |
| TERESA CORNETT | PRESIDENT Trustee or director, Officer | 0.3 | $0 |
| CHRIS FRANKE | BOARD MEMBER Trustee or director | 0.3 | $0 |
| EVA TERRY | BOARD MEMBER Trustee or director | 0.3 | $0 |
| HANNAH CLARK | BOARD MEMBER Trustee or director | 0.3 | $0 |
| HILLARY MORGAN | BOARD MEMBER Trustee or director | 0.3 | $0 |
| JERRY PEREZ | BOARD MEMBER Trustee or director | 0.3 | $0 |
| JESSICA ANDREWS | BOARD MEMBER Trustee or director | 0.3 | $0 |
| JESSICA GRAY | BOARD MEMBER Trustee or director | 0.3 | $0 |
| KATIE MILLIGAN | BOARD MEMBER Trustee or director | 0.3 | $0 |
| KATIE TERRELL | BOARD MEMBER Trustee or director | 0.3 | $0 |
| MATTHEW WOLFE | BOARD MEMBER Trustee or director | 0.3 | $0 |
| MELODY TIMINSKY | BOARD MEMBER Trustee or director | 0.3 | $0 |
| MIKE DAILY | BOARD MEMBER Trustee or director | 0.3 | $0 |
| RANDY WILBURN | BOARD MEMBER Trustee or director | 0.3 | $0 |
| STAN RODGERS | TRUSTEE LIAISON Trustee or director | 0.3 | $0 |
Address and contacts
- Address (IRS master file)
- 401 W MOUNTAIN ST, FAYETTEVILLE, AR 72701-5819
- In care of
- % TAMIKA BALL
- Principal officer (990 for 2024)
- TERESA CORNETT, 401 W MOUNTAIN, FAYETTEVILLE, AR 72701
- Signed the 990
- DR CHARLES LEFLAR, TREASURER
- Phone
- (479) 856-7102
- Return prepared by
- Forvis Mazars LLP
Mission
THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION SPEARHEADS MAJOR FUND-RAISING CAMPAIGNS TO BRIDGE THE GAP CAUSED BY SHRINKING MUNICIPAL BUDGETS AND THE GROWING NEEDS OF THE FAYETTEVILLE PUBLIC LIBRARY. WORKING IN COOPERATION WITH OTHER LIBRARY-SERVING ORGANIZATIONS, WE ENSURE THAT THE FAYETTEVILLE PUBLIC LIBRARY HAS SUFFICIENT FINANCIAL RESOURCES TO CREATE A VIBRANT, MODERN LIBRARY SYSTEM THAT SERVES THE DIVERSE NEEDS OF EVERYONE IN OUR CITY. THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION'S PURPOSE IS TO ACCEPT DONATIONS FROM THE COMMUNITY TO FUND THE CONTINUED DEVELOPMENT AND ENHANCEMENT OF QUALITY LIBRARY SERVICES PROVIDED BY THE FAYETTEVILLE PUBLIC LIBRARY. THE GOAL OF THE FOUNDATION IS TO RAISE FUNDS TO SUPPLEMENT THE CITY OF FAYETTEVILLE BUDGET AND TO PROVIDE FOR ADDITIONAL MATERIALS AND EQUIPMENT FOR THE LIBRARY. THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION IS A PRIVATE, NONPROFIT CORPORATION COMMITTED TO PROVIDING SUPPLEMENTARY SUPPORT TO THE FAYETTEVILLE PUBLIC LIBRARY.
Program accomplishments
- BUILD AND MAINTAIN A NEW LIBRARY, ADVANCEMENT OF THE ROLE OF LIBRARY IN ENCOURAGING READING, KNOWLEDGE ACQUISITION, AND A LOVE OF LITERATURE.Expenses $633,052 · grants $633,052
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
- 71-0827418
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $22,832,661
- Income (IRS master file)
- $5,906,834
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,730,425 | $2,015,206 | $22,832,661 | IRS |
| 990 | December 2023 | $1,434,160 | $2,063,645 | $26,422,636 | XML |
| 990 | December 2022 | $1,694,547 | $1,687,534 | $28,107,099 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 71-0827418).
Questions about FAYETTEVILLE PUBLIC LIBRARY FOUNDATION
- What is the EIN of FAYETTEVILLE PUBLIC LIBRARY FOUNDATION?
- The employer identification number (EIN) of FAYETTEVILLE PUBLIC LIBRARY FOUNDATION is 71-0827418.
- Is FAYETTEVILLE PUBLIC LIBRARY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to FAYETTEVILLE PUBLIC LIBRARY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAYETTEVILLE 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 FAYETTEVILLE 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 FAYETTEVILLE 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 FAYETTEVILLE PUBLIC LIBRARY FOUNDATION?
- The 990 for the year ended December 31, 2024 names TERESA CORNETT.
- Who are the officers and directors of FAYETTEVILLE PUBLIC LIBRARY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 22 people; 0 received compensation from the organization.
- How much revenue does FAYETTEVILLE PUBLIC LIBRARY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,730,425, expenses of $2,015,206 and total assets of $22,832,661 at year end.
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