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Nonprofit · EIN 34-1632308

LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY

Tax-exempt · TOLEDO, OH 43604

Financials

$923K$572K2023$799K$631K2024
Revenue Expenses · by fiscal year end
Financials of LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$798,742$630,518$168,224$12,751,481$1,213$12,750,268
December 31, 2023990$922,796$572,392$350,404$11,016,817$5,313$11,011,504
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$279,622
Program service revenue
$132,360
Investment income
$379,818
Net gain from sales of assets
$95,495
Other revenue
$6,942

Expenses

Grants and similar amounts paid
$330,342
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$15,973
Program services (functional)
$519,736
Management and general (functional)
$67,399
Fundraising (functional)
$43,383

Balance sheet and other

Total assets, start of year
$11,016,817
Total assets, end of year
$12,751,481
Total liabilities, end of year
$1,213
Net assets, end of year
$12,750,268
Publicly traded securities
$12,076,627
Net assets without donor restrictions
$11,026,348
Net assets with donor restrictions
$1,723,920
Gross receipts
$5,261,157
Employees
0
Year formed
1989
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
FRANK D JACOBSPRESIDENT
Trustee or director, Officer
–$0
OLIVIA K SUMMONSVICE PRESIDE
Trustee or director, Officer
–$0
KATHY SELKINGSECRETARY-TR
Trustee or director, Officer
–$0
LOUISE EHRICKDIRECTOR
Trustee or director
–$0
PAULA FALLDIRECTOR
Trustee or director
–$0
STEVE DECKERDIRECTOR
Trustee or director
–$0
JOHN HULLDIRECTOR
Trustee or director
–$0
JAMES J JAROSDIRECTOR
Trustee or director
–$0
ADELE M JASIONDIRECTOR
Trustee or director
–$0
DR PATRICK MCCORMICKDIRECTOR
Trustee or director
–$0
SUSAN CONDADIRECTOR
Trustee or director
–$0
YOLANDA DANYI SZUCHDIRECTOR
Trustee or director
–$0
DR CALVIN BURNEY JRDIRECTOR
Trustee or director
–$0
SUSAN DENNYDIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
FRANK D JACOBSDIRECTOR
Trustee or director
1$0
OLIVIA K SUMMONSDIRECTOR
Trustee or director
1$0
KATHY SELKINGSECRETARY-TR
Trustee or director, Officer
2$0
LOUISE EHRICKDIRECTOR
Trustee or director
1$0
PAULA FALLDIRECTOR
Trustee or director
1$0
STEVE DECKERVICE PRESIDE
Trustee or director, Officer
1$0
JOHN HULLCHAIRMAN
Trustee or director, Officer
1$0
JAMES J JAROSDIRECTOR
Trustee or director
1$0
ADELE M JASIONDIRECTOR
Trustee or director
1$0
DR PATRICK MCCORMICKDIRECTOR
Trustee or director
1$0
SUSAN CONDADIRECTOR
Trustee or director
1$0
YOLANDA DANYI SZUCHDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
325 N MICHIGAN ST, TOLEDO, OH 43604-6614
Principal officer (990 for 2024)
KATHY SELKING, 325 MICHIGAN STREET, TOLEDO, OH 43604
Signed the 990
KATHY SELKING, SECRETARY-TREASURER
Phone
(419) 259-5123
Return prepared by
DEMARCO & ASSOCIATES CPAS LLC

Mission

TO SUPPORT THE LIBRARY THROUGH COLLECTION DEVELOPMENT ACTIVITIES TO ADVANCE LITERATURE AND LEARNING, AND SUPPORT OF SPECIAL LIBRARY PROJECTS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO SUPPORT THE LIBRARY THROUGH COLLECTION DEVELOPMENT ACTIVITIES TO ADVANCE LITERATURE AND LEARNING, AND SUPPORT OF SPECIAL LIBRARY PROJECTS.
    Expenses $519,736 · grants $330,342 · revenue $798,742

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
34-1632308
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B117)
Assets (IRS master file)
$12,751,481
Income (IRS master file)
$5,261,157

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$798,742$630,518$12,751,481XML
990December 2023$922,796$572,392$11,016,817XML
990December 2022$229,793$726,415$9,159,333IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1632308).

Questions about LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY

What is the EIN of LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY?
The employer identification number (EIN) of LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY is 34-1632308.
Is LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY?
The 990 for the year ended December 31, 2024 names KATHY SELKING.
Who are the officers and directors of LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY?
The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
How much revenue does LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $798,742, expenses of $630,518 and total assets of $12,751,481 at year end.

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