Friends of Keene Memorial Library

Nonprofit profile at a glance

EIN
470798309
IRS 990-EZ coverage
2020–2024
Forms available
Form 990 2023, Form 990-EZ 2024, Form 990-N 2019
Location
Fremont, NE, USA
Phone
4027272694
Rating
96
Verdict
STRONG
Rating confidence
Moderate
Sector
Remedial Reading, Reading Encouragement

Reported finances

Revenue
$92,963
Expenses
$169,261
Assets
$130,551
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • DENISE KAY (PRESIDENT)
  • CHRISTINE MORSE (VICE PRESIDENT)

People named in this filing

  • DENISE KAY (PRESIDENT)
  • CHRISTINE MORSE (VICE PRESIDENT)
  • MEG RONSPIES (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To inspire the community and fully utilize keene memorial library facilities and resources, provide supplemental support, and encourage life-long learning.

What it reported doing in 2024

To support keene memorial library in provding adult and youth programming to fremont and surrounding communities. Programming includes summer reading programs, family reading programs, bilingual reading programs, youth and childrens educational and entertainment events, children's storytime, holiday events, author visits and book signings, poetry readings, game and trivia events, film screenings, book clubs for children, adults, and teens, technology assistance, concerts, blood drives, yoga and wellness presentations, and outreach to the elderly, shut-ins, and various underserved community groups.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 31
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -82.1%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.77; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 13% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 2.5% per year; rating input score 100; 62nd percentile among comparable filings
  • Asset growth: -9.1% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $169K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.