CEDAR RAPIDS PUBLIC LIBRARY FOUNDA… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

CHARITY TYLER

Phone

3197390411

Tax Period

2023-07-01 to 2024-06-30

CEDAR RAPIDS PUBLIC LIBRARY FOUNDATION, founded in 1974, is a community nonprofit in the Education sector that reported $4.2M in total revenue in fiscal year 2023. Revenue surged 615% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 85% operating margin.

Mission

THE FOUNDATION MOBILIZES RESOURCES AND RELATIONSHIPS THAT EMPOWER OUR LIBRARY TO DELIVER INNOVATIVE PROGRAMS AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $213,218

THE CEDAR RAPIDS PUBLIC LIBRARY FOUNDATION SUPPORTED OUR LIBRARY'S EFFORTS TO PROMOTE ACCESS, LITERACY, AND INCLUSION FOR ALL AGES. DOLLY PARTON'S IMAGINATION LIBRARY ENTERED ITS SIXTH YEAR OF...

THE CEDAR RAPIDS PUBLIC LIBRARY FOUNDATION SUPPORTED OUR LIBRARY'S EFFORTS TO PROMOTE ACCESS, LITERACY, AND INCLUSION FOR ALL AGES. DOLLY PARTON'S IMAGINATION LIBRARY ENTERED ITS SIXTH YEAR OF SENDING FREE, AGE-APPROPRIATE BOOKS TO CHILDREN UNDER 5 IN CEDAR RAPIDS. AS OF JUNE 30, 2024, WE HAVE MAILED MORE THAN 405,000 BOOKS TO CHILDREN IN CEDAR RAPIDS, AND MORE THAN 7,376 HAVE GRADUATED FROM THE PROGRAM. OUR LIBRARY'S PARTNERSHIP WITH CARGILL ENTERED ITS 33RD YEAR AND CONTINUES TO FUND OUTREACH PROGRAMS FOR PRESCHOOLS SERVING AT-RISK CHILDREN. DURING THE 2023-24 SCHOOL YEAR, LIBRARY STAFF PROVIDED SIX CLASSROOM VISITS PER MONTH (54 VISITS THROUGHOUT THE YEAR) REACHING A TOTAL OF 122 PRESCHOOLERS AGES TWO TO FIVE. THEY ALSO DELIVERED 1,098 BOOKS ALONG WITH CUSTOMIZED ACTIVITY SHEETS FOR EACH BOOK.

Program 2

Expenses: $49,817

THE CEDAR RAPIDS PUBLIC LIBRARY FOUNDATION CONTINUES TO SUPPORT OUR LIBRARY'S EFFORTS TO PROVIDE ACCESS TO ROBUST MATERIALS THROUGH THEIR PRINT AND ONLINE COLLECTIONS. IN 2022, THE LIBRARY ASKED THE FOUNDATION TO FUND PRESSREADER. THIS DIGITAL RESOURCE OFFERS UNLIMITED ACCESS TO OVER 7,000 OF THE WORLD'S TOP NEWSPAPERS AND MAGAZINES. SUPPORTING ACCESS AND INCLUSION, THIS RESOURCE OFFERS PUBLICATIONS FROM COUNTRIES AROUND THE WORLD. TITLES OUR PATRONS CAN ACCESS INCLUDE THE GUARDIAN, LOS ANGELES TIMES, NEWSWEEK, DAILY MAIL, L'EQUIPE, DER TAGGESSPIEGEL, LIBERATION, CHINA DAILY, AND LARAZON, ALONG WITH THOUSANDS OF OTHERS. IN FY24, 338 UNIQUE USERS VIEWED MORE THAN 61,000 ITEMS. THE LANGUAGES ACCESSED INCLUDE ENGLISH, SPANISH, GERMAN, FRENCH, CHINESE, NORWEGIAN, ITALIAN, PORTUGUESE, POLISH, GUJARATI, TAGALOG, THAI, AND TURKISH.

Program 3

Expenses: $18,345

AN INNOVATIVE ADDITION TO THE LIBRARY'S PROGRAMS AND OUTREACH IN 2021 WAS A MOBILE TECHNOLOGY LAB (MTL). IN FY24, THE MTL CONTINUED OFFERING TECH TO GO PROGRAMS THROUGHOUT THE COMMUNITY. THE VAN MADE 44 PARK VISITS ACROSS 18 UNIQUE LOCATIONS AND SERVED MORE THAN 6,500 PEOPLE. ADDITIONALLY, THE LIBRARY'S MTL CONDUCTED 120 OUTREACH VISITS AND LED 64 TOTAL PROGRAMS THROUGHOUT CEDAR RAPIDS. OUR LIBRARY'S INTERGENERATIONAL READING PROGRAM KNOWN AS THE SUMMER READING CHALLENGE RETURNED TO IN-PERSON PROGRAMS IN 2022, AND BROUGHT BACK LARGE-SCALE PROGRAMMING EVENTS IN 2023. THIS SUMMER (2024), THERE WERE 2,401 READERS REGISTERED AND COLLECTIVELY, THESE REGISTRANTS READ MORE THAN 3.1 MILLION MINUTES IN JUNE AND JULY. FOR THE INTERACTIVE, IN-PERSON COMPONENT, LIBRARY STAFF HOSTED OVER 430 PROGRAMS WITH ATTENDANCE OF MORE THAN 20,000 PEOPLE.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,853,857

Program Service Revenue $0

Investment Income $328,930

Other Revenue $1,500

TOTAL REVENUE $4,184,287

Expense Breakdown

Grants Paid $200,791

Salaries & Benefits $262,907

Fundraising Expenses $177,697

Program Expenses $295,647

Other Expenses $156,328

TOTAL EXPENSES $644,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,184,287	$585,008	+6.2%
Expenses	$644,945	$848,806	-0.2%
Net Income	$3,539,342	$-263,798	-14.4%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$119,557

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARITY TYLER	EXECUTIVE DIRECTOR	45.00	Officer	$0	$28,649	$119,557
MEGAN MURPHY-SALYER	PRESIDENT	0.50	Officer Director	$0	$0	$0
JULIE ROSENBOHM	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
SALMA IGRAM	TREASURER	1.00	Officer Director	$0	$0	$0
BEN CLARK	SECRETARY	0.30	Officer Director	$0	$0	$0
SEAN WILLIAMS	DIRECTOR	0.30	Director	$0	$0	$0
ANDREW GORDON	DIRECTOR	0.30	Director	$0	$0	$0
DEREK JOHANSEN	DIRECTOR	0.30	Director	$0	$0	$0
PAT SAUTER	DIRECTOR	0.30	Director	$0	$0	$0
JENNIFER PEDEN	DIRECTOR	0.30	Director	$0	$0	$0
JEN CONWELL	DIRECTOR	0.30	Director	$0	$0	$0
MARC WALLACE	DIRECTOR	0.30	Director	$0	$0	$0
JADE HART	DIRECTOR	0.30	Director	$0	$0	$0
MONICA CHALLENGER	DIRECTOR	0.30	Director	$0	$0	$0
RICK KULLANDER	DIRECTOR	0.30	Director	$0	$0	$0
CLINT TWEDT-BALL	DIRECTOR	0.30	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	No data	No data	No data	No data
2024	$4,184,287	$644,945	$16,356,874	$3,539,342
2023	$585,008	$848,806	$13,397,406	$-263,798
2022	$2,151,356	$547,692	$9,397,728	$1,603,664
2021	$2,443,978	$500,858	$10,656,905	$1,943,120
2020	$458,188	$452,707	$6,928,106	$5,481
2019	$571,070	$450,646	$6,912,721	$120,424

CEDAR RAPIDS PUBLIC LIBRARY FOUNDATION