Civic Intelligence

Lanier Library Association Inc

990 • Fiscal year 2022 • EIN 56-0582029

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 30, 2023

Organization ProfileWWW.THELANIERLIBRARY.ORG
72 Chestnut StreetTryon, NC 28782

(828) 859-9535

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

37th percentile

0.03x

Higher debt load relative to revenue than 37% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Net Margin

85th percentile

38%

Higher net margin than 85% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Asset Growth

43rd percentile

-1.2%

Faster asset growth than 43% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-72%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$3,409,748

Down $41,148 (-1.2%) from 2021

Net Assets

Down

$3,396,687

Down $43,585 (-1.3%) from 2021

Liabilities

Up

$13,061

Up $2,437 (+23%) from 2021

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin85th percentile

Revenue

Down

$403,514

Down $1,013,698 (-72%) from 2021

Expenses

Up

$251,777

Up $52,716 (+26%) from 2021

Net Income

Down

$151,737

Down $1,066,414 (-88%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $1,597,773Liabilities 2010: $1,699Net Assets 2010: $1,596,0742010Assets 2011: $1,610,421Liabilities 2011: $1,779Net Assets 2011: $1,608,6422011Assets 2012: $1,798,074Liabilities 2012: $1,858Net Assets 2012: $1,796,2162012Assets 2013: $2,248,146Liabilities 2013: $1,594Net Assets 2013: $2,246,5522013Assets 2014: $2,302,906Liabilities 2014: $1,770Net Assets 2014: $2,301,1362014Assets 2015: $2,166,177Liabilities 2015: $1,470Net Assets 2015: $2,164,7072015Assets 2016: $2,183,831Liabilities 2016: $2,587Net Assets 2016: $2,181,2442016Assets 2017: $2,438,976Liabilities 2017: $1,414Net Assets 2017: $2,437,5622017Assets 2018: $2,235,501Liabilities 2018: $12Net Assets 2018: $2,235,4892018Assets 2019: $2,650,077Liabilities 2019: $1,557Net Assets 2019: $2,648,5202019Assets 2020: $2,936,993Liabilities 2020: $1,982Net Assets 2020: $2,935,0112020Assets 2021: $3,450,896Liabilities 2021: $10,624Net Assets 2021: $3,440,2722021Assets 2022: $3,409,748Liabilities 2022: $13,061Net Assets 2022: $3,396,6872022Assets 2023: $3,802,329Liabilities 2023: $13,537Net Assets 2023: $3,788,7922023Assets 2024: $4,395,414Liabilities 2024: $11,188Net Assets 2024: $4,384,2262024

Highlighted filing

2022

Assets$3,409,748
Liabilities$13,061
Net Assets$3,396,687
Open 2022 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $143,4412010Expenses 2011: $131,3672011Expenses 2012: $144,1982012Revenue 2013: $288,822Expenses 2013: $143,771Net Income 2013: $145,0512013Revenue 2014: $85,128Expenses 2014: $131,674Net Income 2014: -$46,5462014Revenue 2015: $86,494Expenses 2015: $176,113Net Income 2015: -$89,6192015Revenue 2016: $103,583Expenses 2016: $176,017Net Income 2016: -$72,4342016Revenue 2017: $204,774Expenses 2017: $181,641Net Income 2017: $23,1332017Revenue 2018: $177,121Expenses 2018: $157,868Net Income 2018: $19,2532018Revenue 2019: $205,217Expenses 2019: $198,232Net Income 2019: $6,9852019Revenue 2020: $215,943Expenses 2020: $197,125Net Income 2020: $18,8182020Revenue 2021: $1,417,212Expenses 2021: $199,061Net Income 2021: $1,218,1512021Revenue 2022: $403,514Expenses 2022: $251,777Net Income 2022: $151,7372022Revenue 2023: $300,728Expenses 2023: $278,777Net Income 2023: $21,9512023Revenue 2024: $620,545Expenses 2024: $255,705Net Income 2024: $364,8402024

Highlighted filing

2022

Revenue$403,514
Expenses$251,777
Net Income$151,737
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 30, 2023
Return Version
2022v5.0
Gross Receipts
$411,977
Mission and Program Overview

Mission

To promote literacy and social interests; to maintain a library; and to encourage civic and educational welfare in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,995,011$2,580,121▼ $414,890
Land, Buildings, and Equipment, Net$259,893$639,114▲ $379,221
Cash and Non-Interest-Bearing Accounts$126,992$121,513▼ $5,479
Total Assets$3,450,896$3,409,748▼ $41,148
Other Assets Total$69,000$69,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$10,624$13,061▲ $2,437
Total Liabilities$10,624$13,061▲ $2,437
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,309,270$3,265,685▼ $43,585
Net Assets With Donor Restrictions$131,002$131,002→ $0
Total Net Assets Fund Balance$3,440,272$3,396,687▼ $43,585
Total Liabilities and Net Assets / Fund Balance$3,450,896$3,409,748▼ $41,148

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$350,000$625,000$625,000
Other Land Buildings$20,000$488,280$508,280
Leasehold Improvements$112,964$103,856$216,820
Land$156,150-$156,150
Equipment-$26,122$26,122

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$2,995,011$85,605▼ $500,495-$2,580,121
2021$2,652,165$15,000▲ $336,853$3,942$2,995,011
2020$2,299,038-▲ $364,468-$2,652,165
2019$1,906,083-▲ $403,574-$2,299,038
2018$2,196,024-▼ $119,138$160,000$1,906,083
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Christine VincentDirector - Hospitality Chair
Laura PeekDirector - Membership Chair
Timothy J BoyceTreasurer & Finance Chair
Vicky JacksonPresident
Tom J Ervin IiiVice-president
Lee CudlipDirector - Media Selection Ch
Vince VerrecchioDirector -marketing & Communi
Cindy E CaldwellDirector-nominating Cmtte CHA
Jenny PurtillExecutive Director
Barbara SmithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$235,760
Program Service Revenue
$0
Investment Income
$160,575
Other Revenue
$7,179
All Other Contributions
$213,135
Change in Net Assets
$151,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,840
Salaries, Compensation, and Employee Benefits$118,937
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$101,171--$101,171
Depreciation Depletion-$15,258-$15,258
Fees for Services Accounting-$11,625-$11,625
Pension Plan Contributions$9,988--$9,988
All Other Expenses$9,608--$9,608
Insurance-$7,962-$7,962
Payroll Taxes$7,778--$7,778
Information Technology$6,591$816-$7,407
Occupancy-$4,493-$4,493
Office Expenses-$3,429-$3,429
Other Expenses$2,942$2,730-$2,942
Advertising$2,560--$2,560
Travel-$615-$615
Total Functional Expenses$154,903$96,874$0$251,777
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,159
Fundraising Direct Expenses$8,463
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Crawdad-film$15,159$15,159$6,463$8,696
Total Events$15,159$15,159$8,463$6,696
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
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“The library association has dues-paying members.”

Member election for additional members Part VI line 7A

“Directors are elected at the march meeting.”

Form 990 governing body review Part VI line 11

“The tax return is reviewed by the treasurer, president, vice president, and executive director prior to passing to entire board before filing.”

CEO executive director top management comp Part VI line 15A

“The board of directors analyze and approve the salaries of all employees.”

Other officer or key employee compensation Part VI line 15B

“Salaries for all employees are reviewed and approved by the board of directors.”

Governing documents etc available to public Part VI line 19

“Form 990 is available to the public upon request. Governing documents, conflict of interest policy, and financial statements can be made availble to members only.”

Filing and Contact Details

Filer

Filer Name
Lanier Library Association Inc
EIN
56-0582029
Address
72 CHESTNUT STREET, TRYON, NC 28782

Signing Officer

Name
Timothy J Boyce
Title
Treasurer
Phone
8288599535
Signed
2023-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy J Boyce
Formed
1890
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
20

Preparer

Firm
L Blake Smyth CPA Pllc
Address
84 Pacolet Street, Tryon, NC 28782
Preparer
Lewis Blake Smyth
Phone
8288592264
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Line 8: audit changes to prior year 350,000 goodheart property bequest 16,718 net change for depreciation & asset dispositions”

List of other expenses Part IX line 24E

“Program service expenses6,921 programs..352 hospitality..592 miscellaneous1,706 sales tax paid on purchases...37 sales tax remitted to dor9,608 total program service expenses”

Raw XML AppendixShowing 400 of 481 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OccupancyGrp/ManagementAndGeneralAmt04493
IRS990/OccupancyGrp/TotalAmt04493
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03429
IRS990/OfficeExpensesGrp/TotalAmt03429
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt069000
IRS990/OtherAssetsTotalGrp/EOYAmt069000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0HOUSE AND GROUNDS
IRS990/OtherExpensesGrp/Desc1MEDIA
IRS990/OtherExpensesGrp/Desc2COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc3PERIODICALS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt049946
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12730
IRS990/OtherExpensesGrp/ProgramServicesAmt014265
IRS990/OtherExpensesGrp/ProgramServicesAmt12942
IRS990/OtherExpensesGrp/TotalAmt049946
IRS990/OtherExpensesGrp/TotalAmt114265
IRS990/OtherExpensesGrp/TotalAmt22730
IRS990/OtherExpensesGrp/TotalAmt32942
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0283
IRS990/OtherRevenueTotalAmt0283
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0101171
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt07778
IRS990/PayrollTaxesGrp/TotalAmt07778
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09988
IRS990/PensionPlanContributionsGrp/TotalAmt09988
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TIMOTHY J BOYCE
IRS990/PriorPeriodAdjustmentsAmt0366718
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0331930
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01049745
IRS990/PYOtherExpensesAmt093499
IRS990/PYOtherRevenueAmt034286
IRS990/PYProgramServiceRevenueAmt01251
IRS990/PYRevenuesLessExpensesAmt01218151
IRS990/PYSalariesCompEmpBnftPaidAmt0105562
IRS990/PYTotalExpensesAmt0199061
IRS990/PYTotalRevenueAmt01417212
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0151737
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0200
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0334790
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0204532
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0114751
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0131069
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt062269
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0847411
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt061545
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt059700
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt053720
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt054922
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt051645
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0281532
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0483
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt016386
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01750
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03245
IRS990ScheduleA/OtherIncome170Grp/TotalAmt021864
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.61890
IRS990ScheduleA/PublicSupportPY170Pct00.65630
IRS990ScheduleA/PublicSupportTotal170Amt0712198
IRS990ScheduleA/SubstantialContributorsTotAmt0135213
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0334790
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0204532
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0114751
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0131069
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt062269
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0847411
IRS990ScheduleA/TotalSupportAmt01150807
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/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt069000
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.94990
IRS990ScheduleD/BuildingsGrp/BookValueAmt0350000
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0625000
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0350000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0625000
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02995011
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt085605
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02580121
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-500495
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt05065
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02652165
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt015000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02995011
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0336853
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt03942
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt011341
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02299038
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02652165
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0364468
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt010619
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01906083
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02299038
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0403574
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt010803
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02196024
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01906083
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-119138
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0160000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026122
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt026122
IRS990ScheduleD/LandGrp/BookValueAmt0156150
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0156150
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0112964
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0103856
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0216820
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0488280
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0508280
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.05010
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0639114
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CRAWDAD-FILM
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015159
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015159
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt015159
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt06696
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06463
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06463
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LIBRARY ASSOCIATION HAS DUES-PAYING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS ARE ELECTED AT THE MARCH MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TAX RETURN IS REVIEWED BY THE TREASURER, PRESIDENT, VICE PRESIDENT, AND EXECUTIVE DIRECTOR PRIOR TO PASSING TO ENTIRE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ANALYZE AND APPROVE THE SALARIES OF ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SALARIES FOR ALL EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS CAN BE MADE AVAILBLE TO MEMBERS ONLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6LINE 8: AUDIT CHANGES TO PRIOR YEAR 350,000 GOODHEART PROPERTY BEQUEST 16,718 NET CHANGE FOR DEPRECIATION & ASSET DISPOSITIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROGRAM SERVICE EXPENSES6,921 PROGRAMS..352 HOSPITALITY..592 MISCELLANEOUS1,706 SALES TAX PAID ON PURCHASES...37 SALES TAX REMITTED TO DOR9,608 TOTAL PROGRAM SERVICE EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,409,748
Liabilities
$13,061
Net assets
$3,396,687
Revenue
$403,514
Expenses
$251,777
Net income
$151,737
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$0.01$4.38$0.62$0.26$0.36
2023Detailed filing. Detailed filing data is available for this year.$3.80$0.01$3.79$0.30$0.28$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.41$0.01$3.40$0.40$0.25$0.15
2021Detailed filing. Detailed filing data is available for this year.$3.45$0.01$3.44$1.42$0.20$1.22
2020Detailed filing. Detailed filing data is available for this year.$2.94$0.00$2.94$0.22$0.20$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.65$0.00$2.65$0.21$0.20$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.18$0.16$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.44$0.00$2.44$0.20$0.18$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.18$0.00$2.18$0.10$0.18$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.16$0.09$0.18$0.09
2014Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.30$0.09$0.13$0.05
2013Detailed filing. Detailed filing data is available for this year.$2.25$0.00$2.25$0.29$0.14$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.00$1.80$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.00$1.61$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.00$1.60$0.14