Civic Intelligence

Transylvania County Library Foundation

990 • Fiscal year 2016 • EIN 56-6011584

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 02, 2016

Organization ProfileN/A
212 South Gaston StreetBrevard, NC 28712

(828) 877-4477

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

4th percentile

-76%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

20th percentile

-5.7%

Faster asset growth than 20% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-56%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$2,618,388

Down $158,497 (-5.7%) from 2015

Net Assets

Down

$2,618,388

Down $158,497 (-5.7%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin4th percentile

Revenue

Down

$50,543

Down $65,340 (-56%) from 2015

Expenses

Down

$89,008

Down $119 (-0.1%) from 2015

Net Income

Down

-$38,465

Down $65,221 (-244%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,660,872Liabilities 2011: $0Net Assets 2011: $1,660,8722011Assets 2012: $1,740,537Liabilities 2012: $0Net Assets 2012: $1,740,5372012Assets 2013: $2,334,850Liabilities 2013: $0Net Assets 2013: $2,334,8502013Assets 2014: $2,750,129Liabilities 2014: $0Net Assets 2014: $2,750,1292014Assets 2015: $2,776,885Liabilities 2015: $0Net Assets 2015: $2,776,8852015Assets 2016: $2,618,388Liabilities 2016: $0Net Assets 2016: $2,618,3882016Assets 2017: $3,367,067Liabilities 2017: $0Net Assets 2017: $3,367,0672017Assets 2018: $3,557,449Liabilities 2018: $0Net Assets 2018: $3,557,4492018Assets 2019: $3,909,180Liabilities 2019: $238,242Net Assets 2019: $3,670,9382019Assets 2020: $3,832,845Liabilities 2020: $239,714Net Assets 2020: $3,593,1312020Assets 2021: $4,887,168Liabilities 2021: $304,028Net Assets 2021: $4,583,1402021Assets 2022: $3,868,360Liabilities 2022: $248,270Net Assets 2022: $3,620,0902022Assets 2023: $4,425,931Liabilities 2023: $296,517Net Assets 2023: $4,129,4142023Assets 2024: $5,243,666Liabilities 2024: $357,981Net Assets 2024: $4,885,6852024

Highlighted filing

2016

Assets$2,618,388
Liabilities$0
Net Assets$2,618,388
Open 2016 Filing

Operations Trend

Revenue Growth5th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $73,9512011Revenue 2012: $195,110Expenses 2012: $75,546Net Income 2012: $119,5642012Expenses 2013: $84,1542013Revenue 2014: $159,214Expenses 2014: $115,612Net Income 2014: $43,6022014Revenue 2015: $115,883Expenses 2015: $89,127Net Income 2015: $26,7562015Revenue 2016: $50,543Expenses 2016: $89,008Net Income 2016: -$38,4652016Revenue 2017: $735,082Expenses 2017: $143,405Net Income 2017: $591,6772017Revenue 2018: $231,770Expenses 2018: $141,125Net Income 2018: $90,6452018Revenue 2019: $271,765Expenses 2019: $177,185Net Income 2019: $94,5802019Revenue 2020: $143,067Expenses 2020: $132,700Net Income 2020: $10,3672020Revenue 2021: $507,931Expenses 2021: $96,020Net Income 2021: $411,9112021Revenue 2022: $189,992Expenses 2022: $155,620Net Income 2022: $34,3722022Revenue 2023: $328,227Expenses 2023: $247,472Net Income 2023: $80,7552023Revenue 2024: $84,913Expenses 2024: $180,042Net Income 2024: -$95,1292024

Highlighted filing

2016

Revenue$50,543
Expenses$89,008
Net Income-$38,465
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 2, 2016
Return Version
2015v2.1
Gross Receipts
$50,543
Mission and Program Overview

Mission

The purposes of this organization are: to obtain and manage funds and memorials and to receive gifts, grants, and bequests for the use of the Transylvania County Library; to promote and support library services in Transylvania County by providing funding that complements but does not supplant the responsibility of Transylvania County to adequately support its public library system; to promote and support the informational needs and intellectual life of the citizens of the community; and to operate as a tax exempt organization under Section 501(c)(3) of the Internal Revenue Code.

To obtain and manage funds and memorials and to receive gifts, grants, and bequests for the use of the Transylvania County Library; to promote and support library services in Transylvania County. To promote and support the informational needs and intellectual life of the citizens of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,645,617$2,602,223▼ $43,394
Savings and Temporary Cash Investments$119,094$16,165▼ $102,929
Land, Buildings, and Equipment, Net$12,174--
Total Assets$2,776,885$2,618,388▼ $158,497
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,776,885$2,618,388▼ $158,497
Total Net Assets Fund Balance$2,776,885$2,618,388▼ $158,497
Total Liabilities and Net Assets / Fund Balance$2,776,885$2,618,388▼ $158,497
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
David WatkinsBoard Chair
Mac MorrowVice-Chair
Alice HardyBoard Member
Anne BullardBoard Member
Betsy JordanBoard Member
Jack McgoldrickBoard Member
John T WelchBoard Member
Karen ColeBoard Member
Mark S LemelBoard Member
Marshall MccallieBoard Member
Michael H ShelleyBoard Member
Anna YountLibrary Director/Secretary
John F WalterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,560
Program Service Revenue
$2,810
Investment Income
$34,173
Other Revenue
$0
All Other Contributions
$13,560
Change in Net Assets
$-38,465

Audited Revenue Reconciliation

Revenue per Audited Statements
$50,543
Revenue Not Reported on Form 990
$-20,431
Total Revenue per Audited Statements
$30,112
Total Revenue per Form 990
$50,543
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,008
Total Fundraising Expense$4,922
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$4,802$499$236$5,537
Other Expenses$4,870$0$0$4,870
Information Technology$0$0$4,365$4,365
Fees for Services Accounting$0$3,000$0$3,000
Office Expenses$735$186$321$1,242
Travel$1,138$0$0$1,138
Insurance$115$115$0$230
Total Functional Expenses$80,286$3,800$4,922$89,008

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$89,008
Total Expenses per Audited Statements$89,008
Total Expenses per Form 990$89,008
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
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Transylvania County Library Foundation
EIN
56-6011584
Phone
8288774477
Address
212 South Gaston Street, Brevard, NC 28712

Signing Officer

Name
John Walter
Title
Treasurer
Phone
8288774477
Signed
2016-12-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Walter
Formed
1945
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Corliss & Solomon Pllc
Address
242 CHARLOTTE ST STE 1, ASHEVILLE, NC 28801-1434
Preparer
Stephen C Corliss
Phone
8282360206
Supplemental Narrative

Additional Explanations

Pt III, Line 2

“The Looking Glass Rock Writers Conference is a new activity.”

Pt VI, Line 11B

“The 990 is prepared by independent accountants, reviewed by management, presented to the board for review, proposed revisions and final approval.”

Pt VI, Line 12C

“Enforced as necessary. Any board member with a conflict of interest on any specific issue informs the board and abstains from voting on the issue.”

Pt XII, Line 1

“The records of Transylvania County Library Foundation are maintained on the modified cash-basis of accounting and the accompanying statements have been prepared on that basis. Modifications to the cash-basis method include investment activity, capitalization and depreciation of property and equipment, accrual of payroll tax expense and loan activity. All other transactions are recognized as either cash basis revenues or expenses.”

Other

“Net assets were reduced by $99,601 as the result of a June 30, 2016 audit.”

Form 990, Part IX, Line 24E

“Special Events 4324. 4324. 0. 0.”

Form 990, Part IX, Line 24E

“Miscellaneous 1213. 478. 499. 236.”

Financial Statement Notes

Pt X, Line 2

“Transylvania County Library Foundation is generally exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, however, income from certain activities not related to the organization's tax-exempt purpose may be subject to taxation as unrelated business income. The organization had less than $1,000 of income from unrelated business activities in the year ended June 30, 2016 and was, therefore, not required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). The organization believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

Raw XML AppendixShowing 400 of 414 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To obtain and manage funds and memorials and to receive gifts, grants, and bequests for the use of the Transylvania County Library; to promote and support library services in Transylvania County. To promote and support the informational needs and intellectual life of the citizens of the community.
IRS990/AllOtherContributionsAmt013560
IRS990/AllOtherExpensesGrp/FundraisingAmt0236
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0499
IRS990/AllOtherExpensesGrp/ProgramServicesAmt04802
IRS990/AllOtherExpensesGrp/TotalAmt05537
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BooksInCareOfDetail/PersonNm0ANNA L YOUNT
IRS990/BooksInCareOfDetail/PhoneNum08288843151
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0212 South Gaston Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Brevard
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028712
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt013560
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt034173
IRS990/CYOtherExpensesAmt089008
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02810
IRS990/CYRevenuesLessExpensesAmt0-38465
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt089008
IRS990/CYTotalFundraisingExpenseAmt04922
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt050543
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE LOOKING GLASS ROCK WRITERS CONFERENCE IS A PARTNERSHIP BETWEEN THE TRANSYLVANIA COUNTY LIBRARY FOUNDATION AND BREVARD COLLEGE TO ENCOURAGE ALL GENRES OF CREATIVE WRITING AROUND A COMMON THEME OF "PLACE" THROUGH READINGS, WORKSHOPS AND HANDS-ON ENGAGEMENT WITH WRITERS OF REGIONAL AND NATIONAL RENOWN. THE CONFERENCE SERVES AS A DISTINGUISHED COMMUNITY RICH IN CULTURE AND LEARNING OPPORTUNITIES FOR PEOPLE OF ALL AGES. THE J.R. MCDOWELL SPEAKER SERIES IS AN ANNUAL EVENT NAMED FOR LIBRARY TRUSTEE EMERITUS J.R. MCDOWELL. THE SERIES IS DESIGNED TO PRESENT A WIDE ARRAY OF VIEWPOINTS ON CHALLENGING AND THOUGHT-PROVOKING TOPICS AND TO BRING RENOWNED SPEAKERS TO OUR COMMUNITY. NOTABLE SPEAKERS INCLUDE DORIS KEARNS GOODWIN, ANN PATCHETT, ROBERT REICH AND DAVID GERGEN.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt080286
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03000
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt03000
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID WATKINS
IRS990/Form990PartVIISectionAGrp/PersonNm1MAC MORROW
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN F WALTER
IRS990/Form990PartVIISectionAGrp/PersonNm3ANNA YOUNT
IRS990/Form990PartVIISectionAGrp/PersonNm4ALICE HARDY
IRS990/Form990PartVIISectionAGrp/PersonNm5MARK S LEMEL
IRS990/Form990PartVIISectionAGrp/PersonNm6JACK MCGOLDRICK
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL H SHELLEY
IRS990/Form990PartVIISectionAGrp/PersonNm8ANNE BULLARD
IRS990/Form990PartVIISectionAGrp/PersonNm9KAREN COLE
IRS990/Form990PartVIISectionAGrp/PersonNm10BETSY JORDAN
IRS990/Form990PartVIISectionAGrp/PersonNm11MARSHALL MCCALLIE
IRS990/Form990PartVIISectionAGrp/PersonNm12JOHN T WELCH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Library Director/Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01945
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt050543
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt013
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt04365
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt04365
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0115
IRS990/InsuranceGrp/ProgramServicesAmt0115
IRS990/InsuranceGrp/TotalAmt0230
IRS990/InvestmentIncomeGrp/ExclusionAmt034173
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt034173
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02645617
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02602223
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012174
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The purposes of this organization are: to obtain and manage funds and memorials and
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02776885
IRS990/NetAssetsOrFundBalancesEOYAmt02618388
IRS990/NetUnrlzdGainsLossesInvstAmt0-20431
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt0321
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0186
IRS990/OfficeExpensesGrp/ProgramServicesAmt0735
IRS990/OfficeExpensesGrp/TotalAmt01242
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-99601
IRS990/OtherExpensesGrp/Desc0Speaker Series
IRS990/OtherExpensesGrp/Desc1History Collection
IRS990/OtherExpensesGrp/Desc2Writers Conference
IRS990/OtherExpensesGrp/Desc3Other Program Expenses
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt022837
IRS990/OtherExpensesGrp/ProgramServicesAmt16585
IRS990/OtherExpensesGrp/ProgramServicesAmt239204
IRS990/OtherExpensesGrp/ProgramServicesAmt34870
IRS990/OtherExpensesGrp/TotalAmt022837
IRS990/OtherExpensesGrp/TotalAmt16585
IRS990/OtherExpensesGrp/TotalAmt239204
IRS990/OtherExpensesGrp/TotalAmt34870
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOHN WALTER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611000
IRS990/ProgramServiceRevenueGrp/Desc0Program Revenue
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02810
IRS990/ProgSrvcAccomActy2Grp/Desc0THE TCLF PROVIDED FUNDING TO MICROFILM 10 YEARS OF OUR LOCAL COMMUNITY NEWSPAPER, THE TRANSYLVANIA TIMES. FUNDS ALSO PROVIDED FOR A DIGITAL VERSION OF THE PAPER FOR THIS PERIOD TO BE USED BY THE LOCAL HISTORY ROOM STAFF TO ASSIST THE PUBLIC. THIS IS A TREMENDOUS COMMUNITY RESOURCE AVAILABLE ONLY THROUGH THE PUBLIC LIBRARY THANKS TO THE FOUNDATION'S FUNDING.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt022811
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt093072
IRS990/PYOtherExpensesAmt089127
IRS990/PYRevenuesLessExpensesAmt026756
IRS990/PYTotalExpensesAmt089127
IRS990/PYTotalRevenueAmt0115883
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-38465
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02810
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0119094
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016165
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt013560
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt022811
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt099424
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0448195
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0165659
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0749649
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt034173
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt063784
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt059790
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt028069
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt029451
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0215267
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt034173
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt063784
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt059790
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt028069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt029451
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0215267
IRS990ScheduleA/InvestmentIncomeCYPct00.22310
IRS990ScheduleA/InvestmentIncomePYPct00.22000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.77690
IRS990ScheduleA/PublicSupportPY509Pct00.78020
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0749649
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt013560
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt022811
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt099424
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0448195
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0165659
IRS990ScheduleA/Total509Grp/TotalAmt0749649
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0964916
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt089008
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-20431
IRS990ScheduleD/RevenueNotReportedAmt0-20431
IRS990ScheduleD/RevenueSubtotalAmt050543
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Transylvania County Library Foundation is generally exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, however, income from certain activities not related to the organization's tax-exempt purpose may be subject to taxation as unrelated business income. The organization had less than $1,000 of income from unrelated business activities in the year ended June 30, 2016 and was, therefore, not required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). The organization believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalExpensesPerForm990Amt089008
IRS990ScheduleD/TotalRevenuePerForm990Amt050543
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt030112
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt089008
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Looking Glass Rock Writers Conference is a new activity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS PREPARED BY INDEPENDENT ACCOUNTANTS, REVIEWED BY MANAGEMENT, PRESENTED TO THE BOARD FOR REVIEW, PROPOSED REVISIONS AND FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ENFORCED AS NECESSARY. ANY BOARD MEMBER WITH A CONFLICT OF INTEREST ON ANY SPECIFIC ISSUE INFORMS THE BOARD AND ABSTAINS FROM VOTING ON THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The records of Transylvania County Library Foundation are maintained on the modified cash-basis of accounting and the accompanying statements have been prepared on that basis. Modifications to the cash-basis method include investment activity, capitalization and depreciation of property and equipment, accrual of payroll tax expense and loan activity. All other transactions are recognized as either cash basis revenues or expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Net assets were reduced by $99,601 as the result of a June 30, 2016 audit.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Special Events 4324. 4324. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Miscellaneous 1213. 478. 499. 236.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0true
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02776885
IRS990/TotalAssetsEOYAmt02618388
IRS990/TotalAssetsGrp/BOYAmt02776885
IRS990/TotalAssetsGrp/EOYAmt02618388
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt013560
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04922
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03800
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt080286
IRS990/TotalFunctionalExpensesGrp/TotalAmt089008
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02776885
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02618388
IRS990/TotalProgramServiceExpensesAmt080286
IRS990/TotalProgramServiceRevenueAmt02810
IRS990/TotalRevenueGrp/ExclusionAmt034173
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02810
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt050543
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02776885
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02618388
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt01138
IRS990/TravelGrp/TotalAmt01138
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02776885
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02618388
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0212 South Gaston Street
IRS990/USAddress/CityNm0Brevard
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028712
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN WALTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08288774477
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Transylvania County Library Foundation
ReturnHeader/Filer/BusinessNameControlTxt0TRAN
ReturnHeader/Filer/EIN0566011584
ReturnHeader/Filer/PhoneNum08288774477
ReturnHeader/Filer/USAddress/AddressLine1Txt0212 South Gaston Street
ReturnHeader/Filer/USAddress/CityNm0Brevard
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,618,388
Liabilities
$0
Net assets
$2,618,388
Revenue
$50,543
Expenses
$89,008
Net income
-$38,465
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.24$0.36$4.89$0.08$0.18$0.10
2023Detailed filing. Detailed filing data is available for this year.$4.43$0.30$4.13$0.33$0.25$0.08
2022Detailed filing. Detailed filing data is available for this year.$3.87$0.25$3.62$0.19$0.16$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.89$0.30$4.58$0.51$0.10$0.41
2020Detailed filing. Detailed filing data is available for this year.$3.83$0.24$3.59$0.14$0.13$0.01
2019Detailed filing. Detailed filing data is available for this year.$3.91$0.24$3.67$0.27$0.18$0.09
2018Detailed filing. Detailed filing data is available for this year.$3.56$0.00$3.56$0.23$0.14$0.09
2017Detailed filing. Detailed filing data is available for this year.$3.37$0.00$3.37$0.74$0.14$0.59
2016Detailed filing. Detailed filing data is available for this year.$2.62$0.00$2.62$0.05$0.09$0.04
2015Summary only. Only limited summary data is available for this year.$2.78$0.00$2.78$0.12$0.09$0.03
2014Summary only. Only limited summary data is available for this year.$2.75$0.00$2.75$0.16$0.12$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.00$2.33$0.08
2012Summary only. Only limited summary data is available for this year.$1.74$0.00$1.74$0.20$0.08$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.00$1.66$0.07