2025-11-05T12:22:45+00:00 2024-12-31 440160260 Forvis Mazars LLP PO Box 3667 Little Rock AR 722033667 990 2024-01-01 710827418 Fayetteville Public Library Foundation FAYE 4798567102 401 W MOUNTAIN FAYETTEVILLE AR 72701 DR CHARLES LEFLAR TREASURER 2025-11-05 true Amber Sherrill P00748683 5013721040 2025-11-05 2024 2025-03-06 01:10:19Z TERESA CORNETT 401 W MOUNTAIN FAYETTEVILLE AR 72701 5906834 false X N/A X 1999 AR THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION SPEARHEADS MAJOR FUND-RAISING CAMPAIGNS TO BRIDGE THE GAP CAUSED BY SHRINKING MUNICIPAL BUDGETS AND THE LIBRARY'S GROWING NEEDS. 18 18 4 51 0 979775 3148796 0 217885 404289 236500 177340 1434160 3730425 565273 633052 0 206697 221799 0 1602 1291675 1160355 2063645 2015206 -629485 1715219 26422636 22832661 6706310 1235260 19716326 21597401 THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION SPEARHEADS MAJOR FUND-RAISING CAMPAIGNS TO BRIDGE THE GAP CAUSED BY SHRINKING MUNICIPAL BUDGETS AND THE GROWING NEEDS OF THE FAYETTEVILLE PUBLIC LIBRARY. WORKING IN COOPERATION WITH OTHER LIBRARY-SERVING ORGANIZATIONS, WE ENSURE THAT THE FAYETTEVILLE PUBLIC LIBRARY HAS SUFFICIENT FINANCIAL RESOURCES TO CREATE A VIBRANT, MODERN LIBRARY SYSTEM THAT SERVES THE DIVERSE NEEDS OF EVERYONE IN OUR CITY. THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION'S PURPOSE IS TO ACCEPT DONATIONS FROM THE COMMUNITY TO FUND THE CONTINUED DEVELOPMENT AND ENHANCEMENT OF QUALITY LIBRARY SERVICES PROVIDED BY THE FAYETTEVILLE PUBLIC LIBRARY. THE GOAL OF THE FOUNDATION IS TO RAISE FUNDS TO SUPPLEMENT THE CITY OF FAYETTEVILLE BUDGET AND TO PROVIDE FOR ADDITIONAL MATERIALS AND EQUIPMENT FOR THE LIBRARY. THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION IS A PRIVATE, NONPROFIT CORPORATION COMMITTED TO PROVIDING SUPPLEMENTARY SUPPORT TO THE FAYETTEVILLE PUBLIC LIBRARY. false false 633052 633052 0 BUILD AND MAINTAIN A NEW LIBRARY, ADVANCEMENT OF THE ROLE OF LIBRARY IN ENCOURAGING READING, KNOWLEDGE ACQUISITION, AND A LOVE OF LITERATURE. 633052 true true false false false false false true false false true true false false true false true false false false false false false false true false false true false false false false false false false false false false false false false false false false false true false false false false true 2 0 true 4 true false false false false false false false false false false false false X 18 18 false false false false false false false true false false false false false true true true true true false false false false AR X TAMIKA BALL 4798567102 401 W MOUNTAIN FAYETTEVILLE AR 72701 X Charles Leflar Treasurer 0.3 0.0 X X 0 0 0 Jessica Andrews Vice President after mid-year 0.3 0.0 X X 0 0 0 kerri Mcmahon Vice President through mid-year 0.3 0.0 X X 0 0 0 Rachel Sullivant Secretary 0.3 0.0 X X 0 0 0 Stan Rodgers Trustee Liaison 0.3 0.0 X X 0 0 0 Teresa Cornett President 0.3 0.0 X X 0 0 0 Aaron Holt Board Member 0.3 0.0 X 0 0 0 Casey Greene Board Member 0.3 0.0 X 0 0 0 Chris Franke Board Member 0.3 0.0 X 0 0 0 Eva Terry Board Member 0.3 0.0 X 0 0 0 Hannah Clark Board Member 0.3 0.0 X 0 0 0 Hillary Morgan Board Member 0.3 0.0 X 0 0 0 Jerry Perez Board Member 0.3 0.0 X 0 0 0 Jessica Gray Board Member 0.3 0.0 X 0 0 0 John Stout Board Member 0.3 0.0 X 0 0 0 Katie Milligan Board Member 0.3 0.0 X 0 0 0 Katie Terrell Board Member 0.3 0.0 X 0 0 0 Khalid Admadzai Board Member 0.3 0.0 X 0 0 0 Matthew wolfe Board Member 0.3 0.0 X 0 0 0 Melody Timinsky Board Member 0.3 0.0 X 0 0 0 Mike Daily Board Member 0.3 0.0 X 0 0 0 Tina Hodne Board Member 0.3 0.0 X 0 0 0 0 0 0 0 false false false 0 56421 222561 2869814 3148796 0 0 0 0 0 253837 253837 179824 179824 0 179824 179824 2315973 2164594 927 151379 -927 150452 150452 7925 56421 10888 -2963 -2963 Insurance Proceeds 900099 479 479 0 0 0 0 479 3730425 0 0 581629 633052 633052 171850 171850 15232 15232 34656 34656 61 61 30088 30088 32000 32000 10881 0 10881 0 9355 9355 27574 27574 19818 19818 9000 9000 6529 6529 152115 152115 865739 865739 10116 10116 Public Relations 1602 1602 PUBLICATION & DUES 678 678 FOREIGN TAX 496 496 -15636 0 -15636 0 2015206 633052 1380552 1602 3232283 3116288 1647941 148227 50710 12922 0 0 0 0 0 10627 19122516 4705083 15284099 14417433 5127318 4515576 0 47545 47545 1032740 564043 26422636 22832661 286565 11546 581227 108564 0 0 5453187 581347 385331 533803 6706310 1235260 X 5038121 2583402 14678205 19013999 19716326 21597401 26422636 22832661 1715219 165856 0 X false true true false X 6946184 3037820 1186217 979775 3148796 15298792 0 0 6946184 3037820 1186217 979775 3148796 15298792 2711325 12587467 657208 517785 475036 392219 433661 2475909 0 10261 20082 86 16365 479 47273 17821974 0 0.70629 0.75247 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS, COLUMN A - 10261.0, COLUMN B - 44.0, COLUMN C - 86.0, COLUMN D - 16365.0, COLUMN E - 479.0, COLUMN F - 27235.0; DESCRIPTION - REBATE, COLUMN A - 0.0, COLUMN B - 20038.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 20038.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 852200 X false 580170 580170 10859372 850651 10008721 7682974 3854432 3828542 14417433 Closely-held equity interests Financial derivatives CAPITAL CAMPAIGN - MARKETABLE 195262 F TYSON-WALKER 406673 F ANONYMOUS 584941 F SCHWAB FDN - NEH 3013615 F SCHWAB FDN - OTWELL 158306 F SCHWAB FDN - EXPANSION 156779 F 4515576 Federal Income Taxes DUE TO AFFILIATE 533803 533803 3907169 165856 10888 176744 3730425 0 0 3730425 2026094 10888 10888 2015206 0 0 2015206 Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part III, Line 4 Collections of art - description of collections THE FOUNDATION RECEIVED 5 PIECES OF ARTWORK IN 2022, TO BE DISPLAYED AT THE LIBRARY FOR PUBLIC EXHIBITIION. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 SPECIAL EVENT EXPENSE - 10888 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 SPECIAL EVENT EXPENSE - 10888 READING THE GREENS 64345 56420 7925 3576 1183 6129 0 0 64345 56420 7925 3576 1183 6129 10888 -2963 true FAYETTEVILLE PUBLIC LIBRARY 401 W MOUNTAIN ST FAYETTEVILLE AR 72701 716039025 633052 0 N/A N/A BUILD/MAINT. LIBRARY 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds GRANTS TO THE FAYETTEVILLE PUBLIC LIBRARY ARE DETERMINED BY A THREE YEAR MOVING AVERAGE OF THE FUND BALANCE OF THE VARIOUS ENDOWMENT FUNDS. Form 990, Part III, Line 3 THE FOUNDATION, WHILE REINFORCING THE NEED FOR CONTINUED AND INCREASED PUBLIC SUPPORT FOR THE LIBRARY, SERVES AS A CATALYST FOR ATTRACTING PRIVATE FUNDING FROM INDIVIDUALS, BUSINESSES, ORGANIZATIONS AND FOUNDATIONS TO ENHANCE LIBRARY SERVICES FOR OUR COMMUNITY. THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION IS DEDICATED TO ENSURING A QUALITY LIBRARY SYSTEM. THROUGH FUND RAISING ACTIVITIES, THE FOUNDATION WILL INVEST IN AN ENDOWMENT FOR THE LONG-TERM EXCELLENCE OF THE LIBRARY. IT ENCOURAGES COMMUNITY INVOLVEMENT WITH THE LIBRARY PROGRAM SUPPORT TO MEET THE EXPECTATIONS OF PRESENT AND FUTURE CITIZENS OF FAYETTEVILLE PUBLIC LIBRARY. THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION ENHANCES THE FAYETTEVILLE PUBLIC LIBRARY AS A COMMUNITY RESOURCE BY RAISING FUNDS FOR AN ENDOWMENT. OUR GOAL IS TO ENRICH, NOT REPLACE, TRADITIONAL TAX-BASED SUPPORT FOR THE LIBRARY THROUGH GIFTS, GRANTS AND BEQUESTS FROM INDIVIDUALS AND ORGANIZATIONS. Form 990, Part VI, Line 15 OFFICERS OF THE FOUNDATION ARE NOT COMPENSATED BY THE FOUNDATION. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT CAN ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Line 11b Review of form 990 by governing body REVIEW OF FORM 990 IS PERFORMED BY THE DIRECTOR OF ACCOUNTING AND HUMAN RESOURCES BEFORE THE TAX RETURN IS FILED WITH THE IRS. IN THE EVENT THAT POSITION OF THE DIRECTOR OF ACCOUNTING AND HUMAN RESOURCES IS OPEN, THE TAX RETURN IS REVIEWED BY THE FOUNDATION BOARD AND THE EXECUTIVE DIRECTOR OF FAYETTEVILLE PUBLIC LIBRARY. Form 990, Part VI, Line 12c Conflict of interest policy UPON OR BEFORE ELECTION, HIRING OR APPOINTING, BOARD MEMBERS ARE REQUIRED TO MAKE A FULL, WRITTEN DISCLOSURE OF INTERESTS, RELATIONSHIPS, AND HOLDINGS THAT COULD POTENTIALLY RESULT IN A CONFLICT OF INTEREST. THESE WRITTEN DISCLOSURES ARE KEPT ON FILE AND UPDATED AS APPROPRIATE. IN THE COURSE OF MEETINGS OR ACTIVITIES, IF BOARD MEMBERS DISCLOSE ANY INTERESTS IN A TRANSACTION OR DECISION WHERE THEY, THEIR FAMILY, EMPLOYER, OR CLOSE ASSOCIATES WILL RECEIVE A BENEFIT OR GAIN, THEY ARE ASKED TO LEAVE THE ROOM FOR THE DISCUSSION AND WILL NOT BE PERMITTED TO VOTE ON THE DECISION. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. 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