Civic Intelligence

Transylvania County Library Foundation

990 • Fiscal year 2020 • EIN 56-6011584

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 21, 2021

Organization Profilelibrary.transylvaniacounty.org/library-foundation
212 South Gaston StreetBrevard, NC 28712

(828) 884-3151

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.06x

Higher debt load relative to assets than 43% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

1.68x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

54th percentile

7.2%

Higher net margin than 54% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

25th percentile

-2.0%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

9th percentile

-47%

Faster revenue growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$3,832,845

Down $76,335 (-2.0%) from 2019

Net Assets

Down

$3,593,131

Down $77,807 (-2.1%) from 2019

Liabilities

Up

$239,714

Up $1,472 (+0.6%) from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin54th percentile

Revenue

Down

$143,067

Down $128,698 (-47%) from 2019

Expenses

Down

$132,700

Down $44,485 (-25%) from 2019

Net Income

Down

$10,367

Down $84,213 (-89%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2020

Assets$3,832,845
Liabilities$239,714
Net Assets$3,593,131
Open 2020 Filing

Operations Trend

Revenue Growth9th 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

2020

Revenue$143,067
Expenses$132,700
Net Income$10,367
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 21, 2021
Return Version
2019v5.1
Gross Receipts
$143,067
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,861,117$3,821,484▼ $39,633
Cash and Non-Interest-Bearing Accounts$48,063$11,361▼ $36,702
Total Assets$3,909,180$3,832,845▼ $76,335
Liabilities
Other Liabilities$238,242$239,714▲ $1,472
Total Liabilities$238,242$239,714▲ $1,472
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,670,938$3,593,131▼ $77,807
Total Net Assets Fund Balance$3,670,938$3,593,131▼ $77,807
Total Liabilities and Net Assets / Fund Balance$3,909,180$3,832,845▼ $76,335
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
David WatkinsBoard Chair
Mac MorrowVice-Chair
Alice HardyBoard Member
Andrew S Von CanonBoard Member
Betsy K JordanBoard Member
Jack McGoldrickBoard Member
Jeremy R GibbsBoard Member
John T WelchBoard Member
Marshall McCallieBoard Member
Michael H ShelleyBoard Member
Tracie TruslerBoard Member
Rishara FinselSecretary
Mark S LemelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$29,667
Program Service Revenue
$5,821
Investment Income
$107,579
Other Revenue
$0
All Other Contributions
$29,667
Change in Net Assets
$10,367
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$112,700
Grants and Similar Amounts Paid$20,000
Total Fundraising Expense$1,085
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$0$33,734$0$33,734
Grants to Domestic Orgs$20,000--$20,000
Fees for Services Accounting$0$10,776$0$10,776
All Other Expenses$3,422$2,758$0$6,180
Information Technology$0$0$1,067$1,067
Insurance$0$673$0$673
Other Expenses$277$0$0$277
Office Expenses$0$8$18$26
Total Functional Expenses$83,666$47,949$1,085$132,700
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brevard Musck CenterBrevard, NC501(c)3Sponsor-outdoor movie series$10,000
Smart Start of Transylvania CtyBrevard, NC501(c)3Get Set Transylvania Early childhood initiative$10,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Investments Held for Friends of Transylvania Library$239,714
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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
8288843151
Address
212 South Gaston Street, Brevard, NC 28712

Signing Officer

Name
David Watkins
Title
Board Chair
Phone
8288843151
Signed
2021-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Lemel
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 SUITE 1, ASHEVILLE, NC 28801
Preparer
Stephen C Corliss
Phone
8282360206
Supplemental Narrative

Additional Explanations

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.”

Pt VI, Line 2

“David Watkins and Mac Morrow work together at Keir Manufacturing. David Watkins is the owner of the company.”

Form 990, Part III, Line 4D

“Support of Brevard Music Event with $10,000 grant and Other Program Activities 13699. 10000. 0.”

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, 2019 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 480 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.
IRS990/AllOtherContributionsAmt029667
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02758
IRS990/AllOtherExpensesGrp/ProgramServicesAmt03422
IRS990/AllOtherExpensesGrp/TotalAmt06180
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0Rishara Finsel
IRS990/BooksInCareOfDetail/PhoneNum08288841818
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0212 South Gaston Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Brevard
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028712
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt048063
IRS990/CashNonInterestBearingGrp/EOYAmt011361
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt029667
IRS990/CYGrantsAndSimilarPaidAmt020000
IRS990/CYInvestmentIncomeAmt0107579
IRS990/CYOtherExpensesAmt0112700
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt05821
IRS990/CYRevenuesLessExpensesAmt010367
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0132700
IRS990/CYTotalFundraisingExpenseAmt01085
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0143067
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 "a sense of place" through readings, workshops and hands- on engagement with writers of regional and national renown. The Conference serves as a catalyst for further recognition of Transylvania County as a distinguished community rich in culture and learning opportunities for people of all ages. Although the 2020 conference was cancelled due to the pandemic, the Foundation continuedd to provide support in preparation for future years.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt032292
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010776
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt010776
IRS990/FeesForSrvcInvstMgmntFeesGrp/FundraisingAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt033734
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt033734
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
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/PersonNm2Mark S Lemel
IRS990/Form990PartVIISectionAGrp/PersonNm3Rishara Finsel
IRS990/Form990PartVIISectionAGrp/PersonNm4Jeremy R Gibbs
IRS990/Form990PartVIISectionAGrp/PersonNm5Betsy K Jordan
IRS990/Form990PartVIISectionAGrp/PersonNm6Alice Hardy
IRS990/Form990PartVIISectionAGrp/PersonNm7Marshall McCallie
IRS990/Form990PartVIISectionAGrp/PersonNm8Jack McGoldrick
IRS990/Form990PartVIISectionAGrp/PersonNm9Michael H Shelley
IRS990/Form990PartVIISectionAGrp/PersonNm10Andrew S Von Canon
IRS990/Form990PartVIISectionAGrp/PersonNm11Tracie Trusler
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/TitleTxt3Secretary
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/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01945
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt020000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt020000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0143067
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt013
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01067
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt01067
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0673
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt0673
IRS990/InvestmentIncomeGrp/ExclusionAmt0107579
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0107579
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03861117
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03821484
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
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 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03670938
IRS990/NetAssetsOrFundBalancesEOYAmt03593131
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-88174
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03670938
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03593131
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt018
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt026
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0Speaker Series
IRS990/OtherExpensesGrp/Desc1Writers Conference
IRS990/OtherExpensesGrp/Desc2Youth Services
IRS990/OtherExpensesGrp/Desc3History Collection
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/ProgramServicesAmt025977
IRS990/OtherExpensesGrp/ProgramServicesAmt132292
IRS990/OtherExpensesGrp/ProgramServicesAmt21698
IRS990/OtherExpensesGrp/ProgramServicesAmt3277
IRS990/OtherExpensesGrp/TotalAmt025977
IRS990/OtherExpensesGrp/TotalAmt132292
IRS990/OtherExpensesGrp/TotalAmt21698
IRS990/OtherExpensesGrp/TotalAmt3277
IRS990/OtherLiabilitiesGrp/BOYAmt0238242
IRS990/OtherLiabilitiesGrp/EOYAmt0239714
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Mark Lemel
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611000
IRS990/ProgramServiceRevenueGrp/Desc0Program Revenue
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05821
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0. 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. In September 2018, we supported the Library's "Year of Science" initiative and brought noted astronaut Mike Massimino to Transylvania County. In September 2019 we welcomed award-winning jounalist and host of the PBS NewsHour Judy Woodruff.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt025977
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05540
IRS990/ProgSrvcAccomActy3Grp/Desc0. Youth Services were a key area of support during the 2019-2020 and the Foundation supported the County's Early Childhood Initiative, "Get Set Transylvania". With the support of the Library Foundation, Get Set Transylvania offered monthly toolkits for families, covering a variety of topics including healthy eating, family bonding, and learning through play.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt011698
IRS990/ProgSrvcAccomActy3Grp/GrantAmt010000
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Support of Brevard Music Event with $10,000 grant and Other Program Activities
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt013699
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt010000
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0166636
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0100993
IRS990/PYOtherExpensesAmt0177185
IRS990/PYProgramServiceRevenueAmt04136
IRS990/PYRevenuesLessExpensesAmt094580
IRS990/PYTotalExpensesAmt0177185
IRS990/PYTotalRevenueAmt0271765
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt010367
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: Sales Tax Refund 2016: 36.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt029667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0166636
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0132571
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0668402
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt013560
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01010836
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0107579
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0100992
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt088229
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt064220
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt034173
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0395193
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05821
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04136
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt010970
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02460
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02810
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt026197
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0107579
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0100992
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt088229
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt064220
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt034173
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0395193
IRS990ScheduleA/InvestmentIncomeCYPct00.27590
IRS990ScheduleA/InvestmentIncomePYPct00.25540
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt036
IRS990ScheduleA/OtherIncome509Grp/TotalAmt036
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.60600
IRS990ScheduleA/PublicSupportPY509Pct00.62170
IRS990ScheduleA/PublicSupportTotal509Amt0867969
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0144064
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt025000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0169064
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0144064
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt025000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0169064
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt035488
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0170772
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0143541
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0670862
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt016370
IRS990ScheduleA/Total509Grp/TotalAmt01037033
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01432262
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/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0239714
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Investments Held for Friends of Transylvania Library
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, 2019 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/TotalLiabilityAmt0239714
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Get Set Transylvania Early childhood initiative
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Sponsor-outdoor movie series
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Smart Start of Transylvania Cty
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Brevard Musck Center
IRS990ScheduleI/RecipientTable/RecipientEIN0311489864
IRS990ScheduleI/RecipientTable/RecipientEIN1560729350
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0147 E Main St Ste 302
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1P O Box 312
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Brevard
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Brevard
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd028712
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd128712
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is prepared by independent accountants, reviewed by management, presented to the Board for review, proposed revisions and final approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Enforced 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/ExplanationTxt2The 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/ExplanationTxt3David Watkins and Mac Morrow work together at Keir Manufacturing. David Watkins is the owner of the company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Support of Brevard Music Event with $10,000 grant and Other Program Activities 13699. 10000. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part III, Line 4d
IRS990/SchoolOperatingInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,832,845
Liabilities
$239,714
Net assets
$3,593,131
Revenue
$143,067
Expenses
$132,700
Net income
$10,367
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