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Nonprofit · EIN 92-0072826

FAIRBANKS LIBRARY FOUNDATION

Tax-exempt · FAIRBANKS, AK 99707

Financials

$594K$413K2023$275K$425K2024
Revenue Expenses · by fiscal year end
Financials of FAIRBANKS LIBRARY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$275,222$424,758-$149,536$2,520,082$3,974$2,516,108
December 31, 2023990$594,281$413,245$181,036$2,542,344$863$2,541,481
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$135,016
Program service revenue
$0
Investment income
$137,936
Net gain from sales of assets
$1,098
Net income from sales of inventory
$2,270
Other revenue
$2,270

Expenses

Grants and similar amounts paid
$364,776
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$5,474
Occupancy
$1,500
Program services (functional)
$406,310
Management and general (functional)
$14,461
Fundraising (functional)
$3,987

Balance sheet and other

Total assets, start of year
$2,542,344
Total assets, end of year
$2,520,082
Total liabilities, end of year
$3,974
Net assets, end of year
$2,516,108
Publicly traded securities
$2,212,687
Gross receipts
$278,576
Employees
0
Volunteers
44
Year formed
1979
State of legal domicile
AK

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.

NameTitleHours / weekCompensation
MICHELLE DAMLPRESIDENT
Trustee or director, Officer
3$0
JOE HAYESVICE PRESIDENT
Trustee or director, Officer
3$0
KRISTINA SMITHTREASURER
Trustee or director, Officer
3$0
FAWN JELINEKSECRETARY
Trustee or director, Officer
3$0
MATT CASORTBOARD MEMBER
Trustee or director
3$0
JAMIA ALEXANDER-BALLLIBRARY DIRECTOR
Trustee or director, Officer
3$0
JEANNETTE GORDABOARD MEMBER
Trustee or director
3$0
KATE RIPLEYBOARD MEMBER
Trustee or director
3$0
CINDY BRAVOBOARD MEMBER
Trustee or director
3$0
NIK DRENNINGBOARD MEMBER
Trustee or director
3$0
COLEEN TURNERBOARD MEMBER
Trustee or director
3$0
LIZ WALLACEBOARD MEMBER
Trustee or director
3$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
MICHELLE DAMLPRESIDENT
Trustee or director, Officer
3$0
JOE HAYESVICE PRESIDENT
Trustee or director, Officer
3$0
KRISTINA SMITHTREASURER
Trustee or director, Officer
3$0
SARA MARSHALLSECRETARY
Trustee or director, Officer
3$0
FAWN JELINEKBOARD MEMBER
Trustee or director
3$0
MATT CASORTBOARD MEMBER
Trustee or director
3$0
JAMIE FREIMANBOARD MEMBER
Trustee or director
3$0
JEANNETTE GORDABOARD MEMBER
Trustee or director
3$0
KATE RIPLEYBOARD MEMBER
Trustee or director
3$0
CINDY BRAVOBOARD MEMBER
Trustee or director
3$0
MELISSA HARTERBOARD MEMBER
Trustee or director
3$0
NICOLE DRENNINGBOARD MEMBER
Trustee or director
3$0

Address and contacts

Address (IRS master file)
PO BOX 72363, FAIRBANKS, AK 99707-2363
Mailing address (990-N for 2012)
1215 Cowles Street, Fairbanks AK 997014313
Principal officer (990 for 2024)
MICHELLE DAML, PO BOX 72363, FAIRBANKS, AK 99707
Principal officer (990-N for 2012)
Paul McCarthy, PO Box 80687, Fairbanks AK 99707
Signed the 990
KRISTINA SMITH, TREASURER
Phone
(907) 687-3296
Return prepared by
ALLIANCE CPAS LLC

Mission

THE PURPOSE IS TO SUPPORT ALL FAIRBANKS NORTH STAR BOROUGH PUBLIC LIBRARIES, TO ENHANCE THEIR OPERATIONS, TO ENCOURAGE AND SUPPORT EXPANSION OF LIBRARY BUILDINGS, FACILITIES, AND EQUIPMENT, AND TO CREATE, MANAGE, AND BUILD AN INVESTMENT FUND FOR THESE ENDEAVORS.

990 for the year ended December 31, 2024

Program accomplishments

  • BUILDING EXPANSION AND MANAGEMENT OF ART COLLECTION: FEES PAID FOR ART ACQUISITIONS, AS WELL AS STORAGE AND INSURANCE ON THE ART COLLECTION, WHICH WAS DONATED TO THE FOUNDATION AND IS MAINTAINED FOR USE IN BOROUGH LIBRARY FACILITIES. PIECES FROM THE COLLECTION ARE ON DISPLAY AT LOCAL LIBRARIES. ADDITIONALLY, THE NOEL WIEN LIBRARY EXPANSION PROJECT BEGAN IN LATE 2023.
    Expenses $396,011 · grants $364,776
  • COMMUNITY OUTREACH: THE FOUNDATION SUPPORTS COMMUNITY OUTREACH EFFORTS IN BOROUGH LIBRARIES BY PROVIDING FUNDING GRANTS FOR READING INCENTIVE PROGRAMS, INCLUDING THE CABIN FEVER PROGRAM, A SUMMER READING PROGRAM FOR ADULTS, AND RAVEN ABOUT READING, WHICH OFFERS A SPECIALLY DESIGNED LIBRARY CARD FOR 1ST AND 2ND GRADERS. THE FOUNDATION PROVIDED SUPPLIES AND FURNISHINGS TO BOROUGH LIBRARIES,AND HOSTS AND STAFFS AN ANNUAL BOOTH AT THE TANANA VALLEY STATE FAIR.
    Expenses $10,299

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
92-0072826
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
1981
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,520,082
Income (IRS master file)
$278,576

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$275,222$424,758$2,520,082IRS
990December 2023$594,281$413,245$2,542,344XML
990December 2022$119,498$30,326$2,234,113IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990-N for 2012
Officer: Paul McCarthy
December 31, 2012≤ $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 92-0072826).

Questions about FAIRBANKS LIBRARY FOUNDATION

What is the EIN of FAIRBANKS LIBRARY FOUNDATION?
The employer identification number (EIN) of FAIRBANKS LIBRARY FOUNDATION is 92-0072826.
Is FAIRBANKS LIBRARY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
Are donations to FAIRBANKS LIBRARY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FAIRBANKS 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 FAIRBANKS 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 FAIRBANKS 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 FAIRBANKS LIBRARY FOUNDATION?
The 990 for the year ended December 31, 2024 names MICHELLE DAML.
Who are the officers and directors of FAIRBANKS LIBRARY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does FAIRBANKS LIBRARY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $275,222, expenses of $424,758 and total assets of $2,520,082 at year end.

Other nonprofits in FAIRBANKS

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