Summit County Library Foundation
Nonprofit profile at a glance
- EIN
- 841149701
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024, Form 990-N 2011
- Location
- Frisco, CO, USA
- Phone
- 9706684138
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Libraries
Reported finances
- Revenue
- $43,119
- Expenses
- $41,144
- Assets
- $151,857
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- DANA CHRISTIANSEN (CHAIR)
- JOYCE DIERAUER (TREASURER)
- BARB PARRY (VICE-CHAIR)
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 serve as an advocate for the summit county library system and to provide financial support beyond the library's normal operating expenditures, when unanticipated needs arise, and for capital projects.
What it reported doing in 2024
During 2024/2025 summit county library foundation provided a 20,000 grant to the summit county libraries toward their digital resource platform hoopla. This platform provides free access to films, audiobooks, research tools, and educational content for all. Through our one community, one card partnership with the summit school district, every student has access to these tools with their school id, ensuring that all childrenregardless of backgroundcan learn and grow beyond the classroom.
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 98% 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. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 82
- Sustainability: 55
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.1%; rating input score 87
- Program expense ratio: 90.6%; rating input score 91
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 4.6%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 3.69; rating input score 79; 79th 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: 21.9% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: -5.1% per year; rating input score 0; 34th percentile among comparable filings
- Asset growth: 8.5% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 87.1% of revenue deployed · 90.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $37K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2014 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 — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Operating margin scored 54/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.