BETTENDORF PUBLIC LIBRARY FOUNDATION

EIN: 203419196 501(c)(3) Education

BETTENDORF, IA

Total Revenue
$248,037
Total Expenses
$194,541
Total Assets
$1,675,122
Net Assets
$1,674,627
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
IA
Principal Officer
JEFF HASSEL
Phone
5633444182
Tax Period
2024-07-01 to 2025-06-30

BETTENDORF PUBLIC LIBRARY FOUNDATION, founded in 1983, is a small nonprofit in the Education sector that reported $248K in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 22% operating margin.

Mission

RAISING MONEY TO SUPPORT, ENHANCE AND PRESERVE BETTENDORF PUBLIC LIBRARY PROGRAMS AND SERVICES.

Program Service Accomplishments

Program 1
Expenses: $102,972

THE LIBRARY FOUNDATION IS A NONPROFIT ORGANIZATION ESTABLISHED IN 1983 TO SEEK PRIVATE SECTOR SUPPORT FOR MAINTAINING THE EXCELLENCE OF PROGRAMS AND SERVICES OFFERED BY THE BETTENDORF PUBLIC LIBRARY...

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THE LIBRARY FOUNDATION IS A NONPROFIT ORGANIZATION ESTABLISHED IN 1983 TO SEEK PRIVATE SECTOR SUPPORT FOR MAINTAINING THE EXCELLENCE OF PROGRAMS AND SERVICES OFFERED BY THE BETTENDORF PUBLIC LIBRARY. WE SUPPORT THE LIBRARY THROUGH PROJECTS AND SERVICES, ACTIVITIES TO ADVANCE READING AND LEARNING, AND SPECIAL PROGRAMS THAT ENRICH THE LIVES OF CHILDREN, FAMILIES, SENIORS AND NEW READERS. WHILE TAX DOLLARS ALLOW THE LIBRARY TO BUY MATERIALS AND KEEP THE BUILDING OPEN, IT IS ONLY THROUGH PRIVATE GIFTS THAT INNOVATIVE NEW PROGRAMS AND SERVICES TO MEET THE COMMUNITY'S CHANGING NEEDS CAN BE DEVELOPED AND IMPLEMENTED. WITH TAX CAPS, DIMINISHING STATE AND FEDERAL FUNDS AND THE INCREASING COSTS OF MATERIALS AND SUPPLIES, CUTBACKS ARE INEVITABLE IF NEW SOURCES OF FUNDING ARE NOT DEVELOPED. THE LIBRARY FOUNDATION STRIVES TO ENSURE THAT THE BETTENDORF PUBLIC LIBRARY INFORMATION CENTER CAN CONTINUE TO MEET THE NEEDS OF THE COMMUNITY, TODAY AND TOMORROW.

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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 (2024)

Revenue Breakdown

Contributions & Grants $209,449
Program Service Revenue $0
Investment Income $38,588
Other Revenue $0
TOTAL REVENUE $248,037

Expense Breakdown

Grants Paid $102,972
Salaries & Benefits $60,329
Fundraising Expenses $0
Program Expenses $102,972
Other Expenses $31,240
TOTAL EXPENSES $194,541

Year-over-Year Comparison

2024 2023 Change
Revenue $248,037 $119,911 +1.1%
Expenses $194,541 $142,332 +0.4%
Net Income $53,496 $-22,421 -3.4%
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
9
Independent Members
9
Employees
1
Volunteers
30

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF HASSEL PRESIDENT 1.00
Officer Director
$0 $0 $0
ANN KAPPELER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SHARON TINSMAN SECRETARY 1.00
Officer Director
$0 $0 $0
MAEGAN GORHAM DIRECTOR 0.50
Director
$0 $0 $0
NATE STOFFREGEN DIRECTOR 0.50
Director
$0 $0 $0
BEVERLY VAN SOELEN DIRECTOR 0.50
Director
$0 $0 $0
MARY MAHONEY-LAFEVER DIRECTOR 0.50
Director
$0 $0 $0
KEVIN KOELLNER DIRECTOR 0.50
Director
$0 $0 $0
JOSH CARTER TREASURER 1.00
Officer 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 $248,037 $194,541 $1,675,122 $53,496
2024 No data No data No data No data
2023 $181,935 $229,322 $1,356,192 $-47,387
2022 $158,471 $151,722 $1,300,328 $6,749
2021 $142,614 $76,073 $1,489,790 $66,541
2020 $229,251 $209,403 $1,155,483 $19,848
2019 $120,766 $108,050 $1,234,497 $12,716
2018 $131,637 $101,218 $1,228,309 $30,419
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