Mcmillan Memorial Library Endowment Fund Inc
Nonprofit profile at a glance
- EIN
- 922468531
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Wisconsin Rapids, WI, USA
- Phone
- 7154597855
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Libraries
Reported finances
- Revenue
- $59,385
- Expenses
- $727
- Assets
- $115,617
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- NICHOLAS FLANAGAN (PRESIDENT)
People named in this filing
- NICHOLAS FLANAGAN (PRESIDENT)
- SUSAN FEITH (TREASURER)
- ERIC MONTAG (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
Maintain an endowment fund solely and exclusively for the benefit of mcmillan memorial library a 501(c)(3) organization located in Wisconsin rapids, Wisconsin.
What it reported doing in 2024
Maintained an endowment fund for sole benefit of mcmillan memorial library.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- 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 comfortably covers expenses. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 39
- Transparency & Controls: 82
- Sustainability: 91
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 2.4%; rating input score 2
- 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: Limited
Sustainability
- Operating margin: 98.8%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 159.03; rating input score 99; 99th 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: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 2.4% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $727 in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- 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 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.