Friends of the Waterloo Public Libr
Nonprofit profile at a glance
- EIN
- 421159798
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2011
- Location
- Waterloo, IA, USA
- Phone
- 3192315958
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $87,931
- Expenses
- $81,760
- Assets
- $179,625
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- TERRY SELIGA (PRESIDENT)
People named in this filing
- CYNTHIA BARDSLEY (DIRECTOR)
- PAT CAIN (DIRECTOR)
- KELLY HETH (DIRECTOR)
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
The friends group supports the waterloo public library's services and programs, promotes literacy through outreach programs that encourage and enhance reading throughout the community, and conducts fundraising activities to assist with library programs and projects.
What it reported doing in 2024
Provide materials and support for the waterloo public library.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 25
- Transparency & Controls: 100
- Sustainability: 54
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.3%; rating input score 25
- Program expense ratio: 23.8%; rating input score 24
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: 7%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 2.2; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -12.3% per year; rating input score 0; 24th percentile among comparable filings
- Revenue growth: 6.8% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 24% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 25.3% of revenue deployed · 23.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $19K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Financial Efficiency: Mission deployment rate scored 25/100.
- High — Financial Efficiency: Program expense ratio scored 24/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Operating margin scored 58/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.