Lake Villa District Library Foundation Inc

Nonprofit profile at a glance

EIN
201106107
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024
Location
Lindenhurst, IL, USA
Phone
8472455101
Rating
40
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$42,963
Expenses
$10,222
Assets
$99,571
Liabilities
$0

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

Leadership & pay

7 people listed

Executive titles in this filing

  • Paul Schreck (Board President)
  • Nate Gass (Board Vice President)

People named in this filing

  • Paul Schreck (Board President)
  • Nate Gass (Board Vice President)
  • Jarrod Smith (Board Treasurer)

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 Lake Villa District Library Foundation is the public not-for-profit charitable arm of Lake Villa District Library. The Foundation offers various methods to contribute to the library and aids in broadening the funding base in support of operational, capital and programmatic needs. Established by the LVDL Board of Trustees in 2003, the LVDL Foundation was incorporated by the State of Illinois as a 501 (c) (3) charitable organization under the Internal Revenue Service tax code in 2004. There are three methods available to support the LVDL Foundation: the collection endowment, the legacy tribute and the special community event.

What it reported doing in 2024

See Schedule O

Operating model

Revenue model
Donor-supported. 85% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. 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: 0
  • Transparency & Controls: 82
  • Sustainability: 87
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

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

Sustainability

  • Operating margin: 76.2%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 9.74; rating input score 92; 92nd 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: -120% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: 87.3% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 13.8% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • 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 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.