GAIL BORDEN PUBLIC LIBRARY DISTRICT FOUNDATION

EIN: 364205216 501(c)(3) Philanthropy & Grantmaking

ELGIN, IL

Total Revenue
$225,473
Total Expenses
$177,651
Total Assets
$530,404
Net Assets
$530,404
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
IL
Principal Officer
KAREN FOX
Phone
8474295980
Tax Period
2024-01-01 to 2024-12-31

GAIL BORDEN PUBLIC LIBRARY DISTRICT FOUNDATION, founded in 1994, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $225K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $48K, a strong 21% operating margin.

Mission

TO ATTRACT FUNDS FOR THE GAIL BORDEN PUBLIC LIBRARY DISTRICT.

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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 $82,894
Program Service Revenue $117,678
Investment Income $14,575
Other Revenue $10,326
TOTAL REVENUE $225,473

Expense Breakdown

Grants Paid $50,864
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $177,651
Other Expenses $126,787
TOTAL EXPENSES $177,651

Year-over-Year Comparison

2024 2023 Change
Revenue $225,473 $260,263 -0.1%
Expenses $177,651 $263,579 -0.3%
Net Income $47,822 $-3,316 -15.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
55

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
3
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JO ANN ARMENTA BOARD MEMBER N/A
Director
$0 $0 $0
NICOLE BEAR BOARD MEMBER N/A
Director
$0 $0 $0
LAURA BEDOLLA SECRETARY N/A
Officer Director
$0 $0 $0
BARBARA FLANIGAN TREASURER N/A
Director
$0 $0 $0
KAREN FOX PRESIDENT N/A
Officer Director
$0 $0 $0
JAIME GARCIA BOARD MEMBER N/A
Director
$0 $0 $0
PAUL LARSON BOARD MEMBER N/A
Director
$0 $0 $0
MIKE MCKAY BOARD MEMBER N/A
Director
$0 $0 $0
YANETH MEDINA BOARD MEMBER N/A
Director
$0 $0 $0
JOE MENOLASCINO BOARD MEMBER N/A
Director
$0 $0 $0
JANET PRITZA BOARD MEMBER N/A
Director
$0 $0 $0
JOHN SHALES BOARD MEMBER N/A
Director
$0 $0 $0
LINDA SIETE BOARD MEMBER N/A
Director
$0 $0 $0
JERRY TURNQUIST BOARD MEMBER N/A
Officer Director
$0 $0 $0
JUDGE JULIO CESAR VALDEZ BOARD MEMBER N/A
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
2024 $225,473 $177,651 $530,404 $47,822
2023 $260,263 $263,579 $472,571 $-3,316
2022 $448,379 $325,187 $475,887 $123,192
2021 $297,907 $292,318 $352,695 $5,589
2020 $366,425 $167,256 $347,106 $199,169
2019 $181,848 $199,319 $147,937 $-17,471
2018 $115,416 $63,641 $165,408 $51,775
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