Nonprofit · EIN 73-6227587
LIBRARY ENDOWMENT TRUST
Tax-exempt · OKLAHOMA CITY, OK 73102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,424,127 | $246,874 | $1,177,253 | $8,413,560 | $0 | $8,413,560 |
| June 30, 2024 | 990 | $927,155 | $202,430 | $724,725 | $7,239,387 | $3,080 | $7,236,307 |
| June 30, 2023 | 990 | $747,862 | $246,007 | $501,855 | $6,516,698 | $22,339 | $6,494,359 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $619,988
- Program service revenue
- $0
- Investment income
- $688,098
- Net income from fundraising events
- $116,041
- Other revenue
- $116,041
Expenses
- Grants and similar amounts paid
- $148,549
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $168
- Accounting fees
- $16,082
- Program services (functional)
- $160,602
- Management and general (functional)
- $57,048
- Fundraising (functional)
- $26,944
Balance sheet and other
- Total assets, start of year
- $7,239,387
- Total assets, end of year
- $8,413,560
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,413,560
- Publicly traded securities
- $8,241,429
- Net assets without donor restrictions
- $5,374,469
- Net assets with donor restrictions
- $3,039,091
- Gross receipts
- $1,498,631
- Employees
- 0
- Volunteers
- 27
- Year formed
- 1986
- State of legal domicile
- OK
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ruseal Brewer | Trustee Trustee or director | 1 | $0 |
| Marek Cornett | Trustee Trustee or director | 1 | $0 |
| Amanda Cornmesser | Trustee Trustee or director | 1 | $0 |
| Erin Cowan | Trustee Trustee or director | 1 | $0 |
| Clayton Dude | Trustee Trustee or director | 1 | $0 |
| Lydia Green | Trustee Trustee or director | 1 | $0 |
| Samantha Hardy | Trustee Trustee or director | 1 | $0 |
| Susan Harroz | Trustee Trustee or director | 1 | $0 |
| Ilana Keeling | Trustee Trustee or director | 1 | $0 |
| Cole McLanahan | Trustee Trustee or director | 1 | $0 |
| Rose Royal | Trustee Trustee or director | 1 | $0 |
| Marni Russell | Trustee Trustee or director | 1 | $0 |
| Sara Suthers Regier | Trustee Trustee or director | 1 | $0 |
| Sarah Taylor | Trustee Trustee or director | 1 | $0 |
| Nick Tricinella | Treasurer Trustee or director, Officer | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Meredith Wegener | President Trustee or director, Officer | 2 | $0 |
| Emma Wilson | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ruseal Brewer | Trustee Trustee or director | 1 | $0 |
| Amanda Cornmesser | Trustee Trustee or director | 1 | $0 |
| Erin Cowan | Trustee Trustee or director | 1 | $0 |
| Ron Bryne | Secretary / Treasurer Officer | 1 | $0 |
| Jill Trauschke | Trustee Trustee or director | 1 | $0 |
| Cole McLanahan | Trustee Trustee or director | 1 | $0 |
| Rose Royal | Trustee Trustee or director | 1 | $0 |
| Suzy Sultemeier | Trustee Trustee or director | 1 | $0 |
| Sara Suthers Regier | Trustee Trustee or director | 1 | $0 |
| Liz Cromwell | Trustee Trustee or director | 1 | $0 |
| Lawrence Davis | President Officer | 1 | $0 |
| Meredith Wegener | Vice President Officer | 1 | $0 |
| Rachel Mathew | Trustee Trustee or director | 1 | $0 |
| Nick Tricinella | Trustee Trustee or director | 1 | $0 |
| Emma Wilson | Trustee Trustee or director | 1 | $0 |
| Clayton Dude | Trustee Trustee or director | 1 | $0 |
| Lydia Green | Trustee Trustee or director | 1 | $0 |
| Stephanie Robberson | Trustee Trustee or director | 1 | $0 |
| Marni Russell | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ruseal Brewer | Trustee Trustee or director | 1 | $0 |
| Amanda Cornmesser | Trustee Trustee or director | 1 | $0 |
| Erin Cowan | Trustee Trustee or director | 1 | $0 |
| Ron Bryne | Secretary / Treasurer Officer | 1 | $0 |
| Jill Trauschke | Trustee Trustee or director | 1 | $0 |
| Cole McLanahan | Trustee Trustee or director | 1 | $0 |
| Rose Royal | Trustee Trustee or director | 1 | $0 |
| Suzy Sultemeier | Trustee Trustee or director | 1 | $0 |
| Sara Suthers Regier | Trustee Trustee or director | 1 | $0 |
| Liz Cromwell | Trustee Trustee or director | 1 | $0 |
| Lawrence Davis | President Officer | 1 | $0 |
| Meredith Wegener | Vice President Officer | 1 | $0 |
| Rachel Mathew | Trustee Trustee or director | 1 | $0 |
| Nick Tricinella | Trustee Trustee or director | 1 | $0 |
| Emma Wilson | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 300 PARK AVE, OKLAHOMA CITY, OK 73102-3600
- Principal officer (990 for 2024)
- Library Endowment Trust, 300 PARK AVE, OKLAHOMA CITY, OK 73102
- Signed the 990
- Heather Zeoli, Business Officer
- Phone
- (405) 208-2160
- Return prepared by
- Oklahoma Nonprofit Partners
Mission
THE LIBRARY ENDOWMENT TRUST LET RAISES MONEY TO AID THE METROPOLITAN LIBRARY SYSTEM MLS. THE MONEY RAISED IS USED TO MAKE GRANTS TO THE MLS EACH YEAR AND TO INCREASE THE LET ASSETS. MONEY IS RAISED PRIMARILY BY AN ANNUAL CAMPAIGN AND BY AN ANNUAL AUTHOR DINNER EVENT.
Program accomplishments
- GRANT DOLLARS GIVEN TO THE METROPOLITAN LIBRARY SYSTEM TO AID THE LIBRARY IN ITS YEARLY PROGRAMMING.Expenses $160,602
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 73-6227587
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B117)
- Assets (IRS master file)
- $8,413,560
- Income (IRS master file)
- $1,498,631
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,424,127 | $246,874 | $8,413,560 | IRS |
| 990 | June 2024 | $927,155 | $202,430 | $7,239,387 | IRS |
| 990 | June 2023 | $747,862 | $246,007 | $6,516,698 | XML |
| 990 | June 2022 | $504,874 | $1,616,905 | $5,986,255 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 73-6227587).
Questions about LIBRARY ENDOWMENT TRUST
- What is the EIN of LIBRARY ENDOWMENT TRUST?
- The employer identification number (EIN) of LIBRARY ENDOWMENT TRUST is 73-6227587.
- Is LIBRARY ENDOWMENT TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to LIBRARY ENDOWMENT TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does LIBRARY ENDOWMENT TRUST 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 LIBRARY ENDOWMENT TRUST due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIBRARY ENDOWMENT TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LIBRARY ENDOWMENT TRUST?
- The 990 for the year ended June 30, 2025 names Library Endowment Trust.
- Who are the officers and directors of LIBRARY ENDOWMENT TRUST?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does LIBRARY ENDOWMENT TRUST have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,424,127, expenses of $246,874 and total assets of $8,413,560 at year end.
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