Civic Intelligence

Bassett Public Library Assoc Inc

EIN 54-6019269 • 501(c)3 • Bassett, VA

Profile

Maintains historical records and geneology records and other historical artifacts and art.

3964 Fairystone Park HighwayBassett, VA 24055

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

31st percentile

0.01x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

20th percentile

-12%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

48th percentile

$50,554

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 29.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

45th percentile

1.8%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

23rd percentile

-9.9%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,538,364

Up $27,545 (+1.8%) from 2024

Liabilities

Up

$2,126

Up $62 (+3.0%) from 2024

Net Assets

Up

$1,536,238

Up $27,483 (+1.8%) from 2024

Revenue

Down

$173,737

Down $18,990 (-9.9%) from 2024

Expenses

Up

$194,892

Up $4,799 (+2.5%) from 2024

Net Income

Down

-$21,155

Down $23,789 (-903%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,477,720Liabilities 2011: $0Net Assets 2011: $1,477,7202011Assets 2012: $1,440,833Liabilities 2012: $1,581Net Assets 2012: $1,439,2522012Assets 2013: $1,588,673Liabilities 2013: $2,092Net Assets 2013: $1,586,5812013Assets 2014: $1,504,558Liabilities 2014: $4,009Net Assets 2014: $1,500,5492014Assets 2015: $1,515,549Liabilities 2015: $2,200Net Assets 2015: $1,513,3492015Assets 2016: $1,532,072Liabilities 2016: $1,815Net Assets 2016: $1,530,2572016Assets 2017: $1,543,007Liabilities 2017: $1,790Net Assets 2017: $1,541,2172017Assets 2018: $1,584,119Liabilities 2018: $1,805Net Assets 2018: $1,582,3142018Assets 2019: $1,567,824Liabilities 2019: $1,792Net Assets 2019: $1,566,0322019Assets 2020: $1,561,247Liabilities 2020: $1,813Net Assets 2020: $1,559,4342020Assets 2021: $1,501,512Liabilities 2021: $2,263Net Assets 2021: $1,499,2492021Assets 2022: $1,535,717Liabilities 2022: $2,189Net Assets 2022: $1,533,5282022Assets 2023: $1,508,206Liabilities 2023: $2,085Net Assets 2023: $1,506,1212023Assets 2024: $1,510,819Liabilities 2024: $2,064Net Assets 2024: $1,508,7552024Assets 2025: $1,538,364Liabilities 2025: $2,126Net Assets 2025: $1,536,2382025

Highlighted filing

2025

Assets$1,538,364
Liabilities$2,126
Net Assets$1,536,238

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $191,081Expenses 2011: $61,547Net Income 2011: $129,5342011Revenue 2012: $43,031Expenses 2012: $81,499Net Income 2012: -$38,4682012Revenue 2013: $231,005Expenses 2013: $114,859Net Income 2013: $116,1462013Revenue 2014: $56,013Expenses 2014: $117,739Net Income 2014: -$61,7262014Revenue 2015: $177,688Expenses 2015: $164,888Net Income 2015: $12,8002015Revenue 2016: $184,051Expenses 2016: $167,143Net Income 2016: $16,9082016Revenue 2017: $182,967Expenses 2017: $172,007Net Income 2017: $10,9602017Revenue 2018: $212,848Expenses 2018: $171,577Net Income 2018: $41,2712018Revenue 2019: $157,256Expenses 2019: $173,538Net Income 2019: -$16,2822019Revenue 2020: $167,809Expenses 2020: $174,407Net Income 2020: -$6,5982020Revenue 2021: $138,667Expenses 2021: $198,852Net Income 2021: -$60,1852021Revenue 2022: $220,791Expenses 2022: $186,512Net Income 2022: $34,2792022Revenue 2023: $162,761Expenses 2023: $190,168Net Income 2023: -$27,4072023Revenue 2024: $192,727Expenses 2024: $190,093Net Income 2024: $2,6342024Revenue 2025: $173,737Expenses 2025: $194,892Net Income 2025: -$21,1552025

Highlighted filing

2025

Revenue$173,737
Expenses$194,892
Net Income-$21,155

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.17$0.19$0.02
2024Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.19$0.19$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.16$0.19$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.53$0.22$0.19$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.14$0.20$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$0.17$0.17$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$0.16$0.17$0.02
2018Summary only. Only limited summary data is available for this year.$1.58$0.00$1.58$0.21$0.17$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.18$0.17$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$0.18$0.17$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.51$0.18$0.16$0.01
2014Summary only. Only limited summary data is available for this year.$1.50$0.00$1.50$0.06$0.12$0.06
2013Summary only. Only limited summary data is available for this year.$1.59$0.00$1.59$0.23$0.11$0.12
2012Summary only. Only limited summary data is available for this year.$1.44$0.00$1.44$0.04$0.08$0.04
2011Summary only. Only limited summary data is available for this year.$1.48$0.00$1.48$0.19$0.06$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Jan 16, 2026
Return Version
2024v5.2
Gross Receipts
$173,737
Mission and Program Overview

Mission

Maintains historical records and geneology records and other historical artifacts and art.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$836,801$867,216▲ $30,415
Land, Buildings, and Equipment, Net$583,503$578,952▼ $4,551
Cash and Non-Interest-Bearing Accounts$90,353$92,034▲ $1,681
Savings and Temporary Cash Investments$162$162→ $0
Total Assets$1,510,819$1,538,364▲ $27,545
Liabilities
Accounts Payable and Accrued Expenses$2,064$2,126▲ $62
Total Liabilities$2,064$2,126▲ $62
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$924,376$943,168▲ $18,792
Net Assets With Donor Restrictions$584,379$593,070▲ $8,691
Total Net Assets Fund Balance$1,508,755$1,536,238▲ $27,483
Total Liabilities and Net Assets / Fund Balance$1,510,819$1,538,364▲ $27,545

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$506,347$747,782$1,254,129
Land$72,605-$72,605
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Fran SneadExecutive DirectorFT$50,554$50,554

Board Members and Trustees

NameTitle
Betty TurnerChairman
L Wesley WellsVice Chairman
Bradley DraperDirector
John McGheeDirector
Paul KennedyDirector
Ruby Dillon DavisDirector
Spencer Morten IIIDirector
Lizz StanleySecretary
Ann HudsonTreasurer
Robert ClarkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$140,358
Program Service Revenue
$1,387
Investment Income
$31,992
Other Revenue
$0
All Other Contributions
$90,358
Change in Net Assets
$-21,155

Audited Revenue Reconciliation

Revenue per Audited Statements
$173,737
Revenue Not Reported on Form 990
$48,638
Total Revenue per Audited Statements
$222,375
Total Revenue per Form 990
$173,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$114,687
Other Expenses$80,205
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,960$0$0$55,960
Current Officers, Directors, Trustees, and Key Employees$50,554$0$0$50,554
Depreciation Depletion$32,814$0$0$32,814
Occupancy$11,277$8,796$0$20,073
Insurance$4,264$4,264$0$8,528
Payroll Taxes$8,173$0$0$8,173
Office Expenses$3,362$2,259$0$5,621
Fees for Services Accounting$0$3,550$0$3,550
All Other Expenses$0$236$0$236
Other Expenses$20$0$0$20
Information Technology$20$0$0$20
Total Functional Expenses$166,822$28,070$0$194,892

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$194,892
Total Expenses per Audited Statements$194,892
Total Expenses per Form 990$194,892
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Bassett Public Library Assoc Inc
EIN
54-6019269
Phone
2766299191
Address
3964 Fairystone Park Highway, Bassett, VA 24055

Signing Officer

Name
Betty Turner
Title
Chairman
Phone
2766299191
Signed
2026-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Betty Turner
Formed
1946
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
4
Volunteers
0

Preparer

Firm
Mallard Mallard Cpas LLC
Address
1109 BROOKDALE ST STE B, MARTINSVILLE, VA 24112
Preparer
Brandon L Martin
Phone
2766325754
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The return is reviewed by management and the Executive Director before filing.

Pt VI, Line 19

Upon request.

Pt XII, Line 1

Modified cash basis

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IRS990/OtherExpensesGrp/Desc0Dues and subscriptions
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/Desc3Taxes and license
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08965
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt1323
IRS990/OtherExpensesGrp/ProgramServicesAmt255
IRS990/OtherExpensesGrp/ProgramServicesAmt320
IRS990/OtherExpensesGrp/TotalAmt08965
IRS990/OtherExpensesGrp/TotalAmt1323
IRS990/OtherExpensesGrp/TotalAmt255
IRS990/OtherExpensesGrp/TotalAmt320
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt055960
IRS990/OtherSalariesAndWagesGrp/TotalAmt055960
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt08173
IRS990/PayrollTaxesGrp/TotalAmt08173
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Betty Turner
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0459420
IRS990/ProgramServiceRevenueGrp/Desc0Book and copier sales
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01387
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0126185
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt048675
IRS990/PYOtherExpensesAmt075951
IRS990/PYOtherRevenueAmt016315
IRS990/PYProgramServiceRevenueAmt01552
IRS990/PYRevenuesLessExpensesAmt02634
IRS990/PYSalariesCompEmpBnftPaidAmt0114142
IRS990/PYTotalExpensesAmt0190093
IRS990/PYTotalRevenueAmt0192727
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-21155
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01387
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0162
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0140358
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0126185
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt097402
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0127273
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt094059
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0585277
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt031992
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt048675
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt065734
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt075822
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt042719
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0264942
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68840
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.66580
IRS990ScheduleA/PublicSupportTotal170Amt0585277
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0140358
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0126185
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt097402
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0127273
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt094059
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0585277
IRS990ScheduleA/TotalSupportAmt0850219
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0194892
IRS990ScheduleD/LandGrp/BookValueAmt072605
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt072605
IRS990ScheduleD/NetUnrealizedGainsInvstAmt048638
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0506347
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0747782
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01254129
IRS990ScheduleD/RevenueNotReportedAmt048638
IRS990ScheduleD/RevenueSubtotalAmt0173737
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0578952
IRS990ScheduleD/TotalExpensesPerForm990Amt0194892
IRS990ScheduleD/TotalRevenuePerForm990Amt0173737
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0222375
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0194892
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The return is reviewed by management and the Executive Director before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Modified cash basis
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XII, Line 1
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01510819
IRS990/TotalAssetsEOYAmt01538364
IRS990/TotalAssetsGrp/BOYAmt01510819
IRS990/TotalAssetsGrp/EOYAmt01538364
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0140358
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028070
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0166822
IRS990/TotalFunctionalExpensesGrp/TotalAmt0194892
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02064
IRS990/TotalLiabilitiesEOYAmt02126
IRS990/TotalLiabilitiesGrp/BOYAmt02064
IRS990/TotalLiabilitiesGrp/EOYAmt02126
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01508755
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01536238
IRS990/TotalProgramServiceExpensesAmt0166822
IRS990/TotalProgramServiceRevenueAmt01387
IRS990/TotalReportableCompFromOrgAmt050554
IRS990/TotalRevenueGrp/ExclusionAmt031992
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01387
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0173737
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01510819
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01538364
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X

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