2025-11-10T12:49:44-06:00 2024-12-31 390912608 HAWKINS ASH CPAS LLP ONE EAST WALDO BOULEVARD SUITE 5 MANITOWOC WI 542202912 990 2024-01-01 391670997 MEAD PUBLIC LIBRARY FOUNDATION INC MEAD 9209461603 710 N 8TH ST SHEBOYGAN WI 53081 KATHIE NORMAN PRESIDENT 9209461603 2025-09-19 1 1 MATT D NEU P01273729 9206847128 2025-09-19 2024 2025-03-06 01:10:19Z KATHIE NORMAN 710 N 8TH ST SHEBOYGAN WI 53081 1101212 0 X SUPPORTMEADPL.ORG X 1989 WI DEVELOP, MANAGE, AND ALLOCATE FUNDS TO SUPPORT THE MEAD PUBLIC LIBRARY AND ITS PROGRAMS. 15 15 0 15 0 0 235697 585240 0 0 181058 515972 0 0 416755 1101212 213779 123747 0 0 0 0 0 0 500 18317 15499 232096 139246 184659 961966 6513580 7960604 47939 55024 6465641 7905580 THE MEAD PUBLIC LIBRARY FOUNDATION DEVELOPS, MANAGES, AND ALLOCATES PRIVATE FUNDS TO PROVIDE EXTRA MARGIN OF EXCELLENCE FOR THE MEAD PUBLIC LIBRARY, AND PROMOTE AWARENESS OF ITS PROGRAMS. 0 0 111247 111247 0 GRANTS TO MEAD PUBLIC LIBRARY AND OTHERS FOR PROGRAMMING AND EVENTS 12500 12500 GRANTS ARE PROVIDED TO STUDENTS FOR POST SECONDARY EDUCATION. 123747 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 WI X JOHN PERRONNE 9209461603 710 N 8TH ST SHEBOYGAN WI 53081 X KATHIE NORMAN PRESIDENT 0.50 X X 0 0 0 JOHN DONOVAN VICE PRESIDENT 0.50 X X 0 0 0 JOHN PERRONNE TREASURER 0.50 X X 0 0 0 GARRETT ERICKSON SECRETARY 0.50 X X 0 0 0 BETH BARTELT DIRECTOR 0.50 X 0 0 0 RICHARD BINDER DIRECTOR 0.50 X 0 0 0 ELIZABETH BRADEN DIRECTOR 0.50 X 0 0 0 MARILYN MONTEMAYOR LEFT IN 2024 DIRECTOR 0.50 X 0 0 0 CAROL KOLZOW DIRECTOR 0.50 X 0 0 0 SANDY LOTH FRIENDS LIASON 0.50 X 0 0 0 REVERAND KARL NELSON DIRECTOR 0.50 X 0 0 0 RICK OSTERHAUS DIRECTOR 0.50 X 0 0 0 MAEVE QUINN BOARD OF TRUSTEES REPRESEN 0.50 X 0 0 0 STEVEN STAUBER DIRECTOR 0.50 X 0 0 0 JIM WILLIAMS DIRECTOR 0.50 X 0 0 0 DENISE CORNELL DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 585240 585240 150192 150192 365780 0 365780 365780 365780 1101212 0 0 515972 111247 111247 12500 12500 7875 7875 4004 4004 2220 2220 500 500 EVENT EXPENSE 500 500 BAD DEBT EXPENSE 400 400 139246 123747 14999 500 11502 89111 400 6501678 7871493 6513580 7960604 47939 55024 47939 55024 X 4117624 5232695 2348017 2672885 6465641 7905580 6513580 7960604 961966 477973 0 X X 0 1 X 1 0 X 1603489 114270 142669 235697 585240 2681365 1603489 114270 142669 235697 585240 2681365 400835 2280530 245555 77576 93868 128494 150192 695685 3377050 0.67530 0.71440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 5108537 465764 792711 81911 6285101 4347958 103792 704639 47852 5108537 5263923 105815 -802557 219223 4347958 4597912 92295 720982 147266 5263923 4114408 168639 348783 33918 4597912 0.59714 0.15911 0.24375 0 0 0 INVESTMENTS 7816469 F INVESTMENTS HELD FOR MEAD PUBLIC LIBRARY 55024 F 7871493 X 1579185 477973 477973 1101212 0 1101212 139246 0 139246 0 139246 PART IV, LINE 2B: THE FRIENDS OF THE MEAD PUBLIC LIBRARY TRANSFERRED THEIR INVESTMENTS TO THE MEAD PUBLIC LIBRARY FOUNDATION AND SPECIFIED THEMSELVES AS BENEFICIARY. THE FOUNDATION ACCOUNTS FOR THESE AS AN ASSET AND LIABILITY ON THEIR BOOKS. PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIOD. THE ORGANIZATION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. PART IV, LINE 2B MEAD PUBLIC LIBRARY FOUNDATION INC. IS A CHARITABLE ORGANIZATION WHOSE PURPOSE IS TO PROVIDE FINANCIAL SUPPORT TO THE MEAD PUBLIC LIBRARY, WHICH MANAGES ITS OWN INVESTMENT PORTFOLIO WITH AN OUTSIDE INVESTMENT MANAGER. MEAD PUBLIC LIBRARY BOARD OF DIRECTORS HAS TRANSFERRED CERTAIN INVESTMENT FUNDS TO THE MEAD PUBLIC LIBRARY FOUNDATION BOARD FOR INVESTMENT AND OVERSIGHT. THE LIBRARY BOARD MAY ALSO TRANSFER ANY GIFTS OR BEQUESTS THAT IT RECEIVES IN THE FUTURE. THE FOUNDATION BOARD WILL EXERCISE ITS FUDUCIARY DUTY IN OVERSEEING THE INVESTMENT OF THE FUNDS AS IT CURRENTLY DOES WITH THE FOUNDATION PORTFOLIO. PART V, LINE 4 THE INTENDED USES FOR THE ENDOWMENT FUNDS ARE TO USE THE INTEREST AND DIVIDEND EARNINGS. THE PURPOSE OF THE ENDOWNMENT EARNINGS IS TO FUND PROGRAMS, STAFF PROFESSIONAL DEVELOPEMENT, ADVERTISING, AND OTHER NEEDS OF THE LIBRARY. THE MASS FUNDS ARE STRICTLY RESTRICTED TO CHILDREN AND YOUTH PROGRAMS. 0 MEAD PUBLIC LIBRARY 710 N 8TH STREET SHEBOYGAN WI 53081 396005599 501(C)(3) 108747 0 SUPPORT LIBRARY SERVICES FOR PUBLIC USE 1 SCHOLARSHIPS 4 12500 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 RETURN IS REVIEWED BY THE FOUNDATION INTERNAL ACCOUNTANT ALONG WITH THE FINANCE COMMITTEE CHAIR AND FINANCE COMMITTEE. THE RETURN IS THE PRESENTED TO THE FOUNDATION BOARD BY THE CHAIR OF THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.