Pioneer Memorial Library Foundationinc

Pioneer Memorial Library Foundationinc exhibits strong asset growth and minimal expenses, with no reported officer compensation.

EIN: 205087620 · Colby, KS · NTEE: B117 · Updated: 2026-03-28

$343KRevenue

$243KAssets

92/100Mission Score (Excellent)

B117

About Pioneer Memorial Library Foundationinc

Pioneer Memorial Library Foundationinc (EIN: 205087620) is a nonprofit organization based in Colby, KS, classified under NTEE code B117. The organization reported total revenue of $343K and total assets of $243K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pioneer Memorial Library Foundationinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Pioneer Memorial Library Foundationinc demonstrates strong financial health, particularly in its asset growth and minimal liabilities. The organization's assets have grown significantly, from $126,694 in 2014 to $491,491 in 2023, indicating effective asset management and accumulation. Spending efficiency appears very high, with expenses consistently being a very small fraction of revenue, as seen in 2023 where expenses were only $5,763 against $48,549 in revenue, and in 2022 where expenses were $1,490 against $283,357 in revenue. This suggests that the vast majority of funds are retained or directly applied to their mission rather than being consumed by operational costs.

The organization's transparency is bolstered by its consistent filing of IRS Form 990s over 13 periods. The absence of reported officer compensation across all available filings indicates a volunteer-driven leadership structure, which can be a positive sign for donors concerned about executive pay. The NTEE code B117 (Library Foundations) clearly defines its purpose, aligning with its name. Overall, the foundation appears to be a well-managed entity with a strong financial position and a clear commitment to its stated mission, characterized by low overhead and no executive compensation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Pioneer Memorial Library Foundationinc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Pioneer Memorial Library Foundationinc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

No officer compensation has been reported across all 13 available IRS 990 filings, indicating a volunteer-led organization, which is highly favorable for a foundation of its size with assets reaching nearly $500,000.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Pioneer Memorial Library Foundationinc:

Consistent asset growth, reaching $491,491 in 2023 from $126,694 in 2014.
Extremely low expense ratio, with expenses consistently being a tiny fraction of revenue (e.g., $5,763 expenses on $48,549 revenue in 2023).
No reported officer compensation across all 13 filings, indicating a volunteer-led model.
Zero liabilities reported in all recent filings, demonstrating strong financial solvency.
Consistent IRS 990 filing history over 13 periods, indicating good transparency and compliance.

Frequently Asked Questions about Pioneer Memorial Library Foundationinc

Is Pioneer Memorial Library Foundationinc a good charity?

Based on the financial data, Pioneer Memorial Library Foundationinc appears to be a very good charity. It demonstrates excellent financial health with growing assets, extremely low expenses relative to revenue, and no reported officer compensation, suggesting a highly efficient and volunteer-driven operation.

How does the organization manage its expenses?

The organization manages its expenses exceptionally well, consistently reporting very low expenses compared to its revenue. For example, in 2023, expenses were only $5,763 against $48,549 in revenue, and in 2022, expenses were $1,490 against $283,357 in revenue. This indicates a strong focus on minimizing overhead.

What is the trend in the organization's assets?

The organization shows a strong upward trend in assets, growing from $126,694 in 2014 to $491,491 in 2023, with a notable jump from $202,720 in 2021 to $450,619 in 2022. This indicates effective asset accumulation and financial stability.

Filing History

IRS 990 filing history for Pioneer Memorial Library Foundationinc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Pioneer Memorial Library Foundationinc's revenue has grown by 1193.6%, moving from $4K to $49K. Total assets increased by 395.9% over the same period, from $99K to $491K. Total functional expenses rose by 45.1%, from $4K to $6K. In its most recent filing year (2023), Pioneer Memorial Library Foundationinc reported a surplus of $43K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$49K	$6K	$491K	$0	—	—
2022	$283K	$1K	$451K	$0	—	—
2021	$12K	$1K	$203K	$0	—	View 990
2020	$6K	$2K	$182K	$0	—	—
2019	$7K	$3K	$160K	$0	—	View 990
2018	$8K	$2K	$138K	$0	—	View 990
2017	$7K	$3K	$146K	$0	—	View 990
2016	$4K	$3K	$131K	$0	—	View 990
2015	$6K	$2K	$124K	$0	—	View 990
2014	$5K	$2K	$127K	$0	—	View 990
2013	$14K	$2K	$122K	$0	—	View 990
2012	$12K	$2K	$110K	$0	—	View 990
2011	$4K	$4K	$99K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $49K, expenses of $6K, and assets of $491K (revenue -82.9% year-over-year).
2022: Revenue of $283K, expenses of $1K, and assets of $451K (revenue +2212.9% year-over-year).
2021: Revenue of $12K, expenses of $1K, and assets of $203K (revenue +102.5% year-over-year).
2020: Revenue of $6K, expenses of $2K, and assets of $182K (revenue -7.7% year-over-year).
2019: Revenue of $7K, expenses of $3K, and assets of $160K (revenue -13.8% year-over-year).
2018: Revenue of $8K, expenses of $2K, and assets of $138K (revenue +17.0% year-over-year).
2017: Revenue of $7K, expenses of $3K, and assets of $146K (revenue +46.0% year-over-year).
2016: Revenue of $4K, expenses of $3K, and assets of $131K (revenue -20.5% year-over-year).
2015: Revenue of $6K, expenses of $2K, and assets of $124K (revenue +5.3% year-over-year).
2014: Revenue of $5K, expenses of $2K, and assets of $127K (revenue -62.2% year-over-year).
2013: Revenue of $14K, expenses of $2K, and assets of $122K (revenue +17.3% year-over-year).
2012: Revenue of $12K, expenses of $2K, and assets of $110K (revenue +220.0% year-over-year).
2011: Revenue of $4K, expenses of $4K, and assets of $99K.

Data Sources and Methodology

This transparency report for Pioneer Memorial Library Foundationinc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.