Columbia Heights Public Library Foundation

EIN: 010552134 501(c)(3) Education

COLUMBIA HEIGHTS, MN

Total Revenue
$205,943
Total Expenses
$43,979
Total Assets
$1,095,254
Net Assets
$1,095,254
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MN
Principal Officer
MARLAINE SZUREK
Phone
7637063690
Tax Period
2025-01-01 to 2025-12-31

Columbia Heights Public Library Foundation, founded in 2001, is a small nonprofit in the Education sector that reported $206K in total revenue in fiscal year 2025. Revenue surged 2432% from the prior year, signaling strong growth momentum. The organization ran a surplus of $162K, a strong 79% operating margin.

Mission

Supporting the programs and services of the Columbia Heights Public Library; doing any and all other acts and things and exercising any and all other rights and powers which may be necessary, advisable, desirable, or expedient in the accomplishment of any of the foregoing purposes.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $50
Program Service Revenue $0
Investment Income $205,893
Other Revenue $0
TOTAL REVENUE $205,943

Expense Breakdown

Grants Paid $4,323
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $43,979
Other Expenses $39,656
TOTAL EXPENSES $43,979

Year-over-Year Comparison

2025 2024 Change
Revenue $205,943 $8,134 +24.3%
Expenses $43,979 $81,869 -0.5%
Net Income $161,964 $-73,735 -3.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARLAINE SZUREK President 0.00
Director
$0 $0 $0
DAVE LARSON MEMBER 0.00
Director
$0 $0 $0
SHARON SHEDLOV Treasurer 0.00
Director
$0 $0 $0
KIT BURGOYNE Secretary 0.00
Director
$0 $0 $0
TERRY NIGHTINGALE MEMBER 0.00
Director
$0 $0 $0
JANE POLLEY MEMBER 0.00
Director
$0 $0 $0
BRUCE MAGNUSON Vice President 0.00
Director
$0 $0 $0
RENEE DOUGHERTY Director 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $205,943 $43,979 $1,095,254 $161,964
2024 $8,134 $81,869 $1,001,523 $-73,735
2023 $17,808 $17,445 $989,812 $363
2022 $15,204 $29,149 $861,913 $-13,945
2021 $49,815 $9,706 $1,095,289 $40,109
2020 $42,446 $22,728 $1,010,758 $19,718
2019 $39,254 $10,255 $917,905 $28,999
2018 $39,563 $43,966 $797,962 $-4,403
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