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Nonprofit · EIN 42-1519652

COLLABORATIVE SUMMER LIBRARY PROGRAM

Tax-exempt (reinstated) · MASON CITY, IA 50401

Financials

$2.4M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of COLLABORATIVE SUMMER LIBRARY PROGRAM by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$2,424,916$2,078,840$346,076$2,465,282$3,800$2,461,482
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$36,347
Membership dues
$6,347
Program service revenue
$2,388,295
Investment income
$274
Other revenue
$0

Expenses

Grants and similar amounts paid
$26
Compensation of officers, directors and key employees
$99,452
Other salaries and wages
$149,607
Salaries, compensation and benefits (total)
$278,863
Professional fundraising fees
$0
Legal fees
$3,338
Accounting fees
$19,252
Travel
$51,558
Program services (functional)
$1,621,355
Management and general (functional)
$457,485

Balance sheet and other

Total assets, start of year
$2,736,997
Total assets, end of year
$2,465,282
Total liabilities, end of year
$3,800
Net assets, end of year
$2,461,482
Net assets without donor restrictions
$2,461,482
Gross receipts
$2,424,916
Employees
4
Volunteers
156
Year formed
2001
State of legal domicile
IA

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 May 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Dawn KrauseExecutive Director
Officer
40$100,681
Kate Greene SmithPresident
Trustee or director, Officer
10$0
Abby ChuminVice President
Trustee or director, Officer
5$0
Matt McLainTreasurer
Trustee or director, Officer
5$0
Susan LaParoSecretary
Trustee or director, Officer
5$0
Donna ThrockmortonPast President
Trustee or director
5$0
Evan Michael BushDirector
Trustee or director
5$0
Kelly McCabeDirector
Trustee or director
5$0
Katie PerkeyDirector
Trustee or director
2$0
Jasmine RockwellVendor Chair
Trustee or director
5$0
Beth YatesMembership Chair
Trustee or director
2$0
Angela GermanyEarly Literature Manual Chair
Trustee or director
2$0

Address and contacts

Address (IRS master file)
953 6TH PL SE, MASON CITY, IA 50401-5261
In care of
% KAREN M DAY
Principal officer (990 for 2024)
Dawn Krause, 2815 Tobacco Road, Manhattan, KS 66503
Signed the 990
Dawn Krause, Executive Director
Phone
(833) 554-4700
Return prepared by
Foundation Group Inc

Mission

We collaborate with library professionals to develop adaptable summer reading resources and programs that support literacy, learning, and connection for all ages.

990 for the year ended May 31, 2025

Program accomplishments

  • The Color Our World Summer Reading initiative provides public libraries with a unifying theme, slogan, and comprehensive resource manual to inspire the creation of vibrant, locally tailored summer programs. Paired with the Building Community Based Summers training component, this program equips library staff with the tools and strategies to design summer reading experiences that reflect their communitys unique needs, interests, and demographics. Together, these resources empower libraries to celebrate creativity, foster literacy, and strengthen community connections through inclusive, engaging, and meaningful summer learning opportunities.
    Expenses $1,621,355 · grants $26 · revenue $2,388,295

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 May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024Check at the IRS

IRS record

EIN
42-1519652
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2024
Accounting year ends
May
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$2,465,282
Income (IRS master file)
$2,424,916

Revocation and reinstatement

Exemption revoked
October 15, 2022
Posted by the IRS
February 15, 2023
Reinstated
Effective August 15, 2024

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025$2,424,916$2,078,840$2,465,282XML
990May 2019–––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 42-1519652).

Questions about COLLABORATIVE SUMMER LIBRARY PROGRAM

What is the EIN of COLLABORATIVE SUMMER LIBRARY PROGRAM?
The employer identification number (EIN) of COLLABORATIVE SUMMER LIBRARY PROGRAM is 42-1519652.
Is COLLABORATIVE SUMMER LIBRARY PROGRAM tax-exempt?
Yes. The IRS revoked its exemption on October 15, 2022 and reinstated it effective August 15, 2024.
Are donations to COLLABORATIVE SUMMER LIBRARY PROGRAM tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COLLABORATIVE SUMMER LIBRARY PROGRAM 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 COLLABORATIVE SUMMER LIBRARY PROGRAM due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COLLABORATIVE SUMMER LIBRARY PROGRAM last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2025.
Who is the principal officer of COLLABORATIVE SUMMER LIBRARY PROGRAM?
The 990 for the year ended May 31, 2025 names Dawn Krause.
Who are the officers and directors of COLLABORATIVE SUMMER LIBRARY PROGRAM?
The 990 for the year ended May 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $100,681 (Dawn Krause, Executive Director).
How much revenue does COLLABORATIVE SUMMER LIBRARY PROGRAM have?
On its 990 for the year ended May 31, 2025 it reported revenue of $2,424,916, expenses of $2,078,840 and total assets of $2,465,282 at year end.

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