Liabilities / Assets
24th percentile
Tied with the lowest-debt nonprofits in its peer group.
Trust Fund for Buncombe County Public Libraries
990 • Fiscal year 2013 • EIN 58-1410422
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
25th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
14th percentile
Higher net margin than 14% of similar nonprofits.
Top Officer Pay
49th percentile
Higher top officer pay than 49% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
73rd percentile
Faster asset growth than 73% of similar nonprofits.
Revenue Growth
2nd percentile
Faster revenue growth than 2% of similar nonprofits.
Balance Sheet
Assets
Up$703,657
Up $86,069 (+14%) from 2012
Net Assets
Up$703,657
Up $86,069 (+14%) from 2012
Liabilities
Flat$0
Flat from 2012
Revenue And Expenses
Revenue
Down$7,725
Down $20,211 (-72%) from 2012
Expenses
Down$9,263
Down $12,470 (-57%) from 2012
Net Income
Down-$1,538
Down $7,741 (-125%) from 2012
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2013 to Dec 31, 2013
- Signed
- Aug 4, 2014
- Return Version
- 2013v3.1
- Gross Receipts
- $7,725
Mission and Program Overview
Mission
The Trust Fund for the Asheville-Buncombe Library System was established in 1979
The Trust Fund for the Asheville-Buncombe Library System was established in 1979 for the purpose of supporting and maintaining the public libraries of the Asheville Buncombe Library System.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $422 | $25,486 | ▲ $25,064 |
| Cash and Non-Interest-Bearing Accounts | $31,008 | $2,178 | ▼ $28,830 |
| Total Assets | $617,588 | $703,657 | ▲ $86,069 |
| Other Assets Total | $586,158 | $675,993 | ▲ $89,835 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $391,314 | $477,383 | ▲ $86,069 |
| Temporarily Rstr Net Assets | $226,274 | $226,274 | → $0 |
| Total Net Assets Fund Balance | $617,588 | $703,657 | ▲ $86,069 |
| Total Liabilities and Net Assets / Fund Balance | $617,588 | $703,657 | ▲ $86,069 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $675,993 | - | - |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2013 | $586,158 | $520 | ▲ $95,037 | - | $675,992 |
| 2012 | $529,278 | $17,377 | ▲ $62,852 | $18,990 | $586,158 |
| 2011 | $546,081 | - | ▼ $13,250 | - | $529,278 |
| 2010 | $491,633 | - | ▲ $58,035 | - | $546,081 |
| 2009 | $405,345 | - | ▲ $88,860 | - | $491,633 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Gil Elliott | Chairperson |
| Joel Adams | Trustee |
| John Ager | Trustee |
| Kathy Riddle | Trustee |
| Edward Sheary | Secretary |
| Ann Coxe | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $706
- Program Service Revenue
- $0
- Investment Income
- $7,019
- Other Revenue
- $0
- All Other Contributions
- $706
- Change in Net Assets
- $-1,538
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $9,263 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Service Investment Mgmnt Fees | $0 | $5,846 | $0 | $5,846 |
| Fees for Services Accounting | $0 | $1,300 | $0 | $1,300 |
| Other Expenses | $232 | $0 | $0 | $232 |
| Total Functional Expenses | $2,117 | $7,146 | $0 | $9,263 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- 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
- EIN
- 58-1410422
- Phone
- 8282555209
Signing Officer
- Name
- Ed Sheary
- Title
- Secretary
- Phone
- 8282555209
- Signed
- 2014-08-04
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Ed Sheary
- Formed
- 1979
- Legal Domicile
- Nc
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 0
- Volunteers
- 7
Preparer
- Preparer
- Stephen C Corliss
- Phone
- 8282360206
Supplemental Narrative
Additional Explanations
Pt VI, Line 11B
“The 990 is prepared by independent accountants, reviewed by”
Pt VI, Line 11B
“management, presented to the Board for review, proposed”
Pt VI, Line 11B
“revisions and final approval.”
Pt VI, Line 12C
“Annually, conflict of interest statements are required to be signed by each”
Pt VI, Line 12C
“Board member. The statements affirm that the policy has been read & either”
Pt VI, Line 12C
“that no conflict of interest exists or discloses any such conflict.”
Pt VI, Line 15A
“Pursuant to the Trust Agreement with Buncombe County & Friends of the Libraries,”
Pt VI, Line 15A
“the organization does not have any employees. It is operated by the Trustees”
Pt VI, Line 15A
“and employees of the Asheville-Buncombe Library System.”
Pt VI, Line 18
“Forms 1023 and 990 are available upon request.”
Pt VI, Line 19
“Governing documents, conflict of interest policy and audited”
Pt VI, Line 19
“financial statements are available upon request.”
Pt XI
“Net gain in value on Endowments held with the Community Foundation of Western NC.”
Pt VI-B, Line 13
“A whistleblower policy was not in place as of year-end. However,”
Pt VI-B, Line 13
“the organization is working on implementing one for the future.”
Pt VI-B, Line 14
“A document retention and destruction policy was not in place as of”
Pt VI-B, Line 14
“year-end. However, the organization is working on implementing one for the future.”
Form 990EZ, Part I, Line 16
“Library program services-equipment & facility library program services-library materials library program services-program events library program services-library staff edu library program services-volunteers library program services-other supporting services-investment fees supporting services-supplies”
Form 990EZ, Part II, Line 24
“Funds held with the community foundation of western north carolina: endowment special fund other investments”
Form 990EZ, Part II, Line 26
“ACCOUNTS PAYABLE”
Financial Statement Notes
Pt V Line 4
“Since december 1999, the trust fund has maintained two funds at the community foundation of western north carolina. They are as follows: (1) board designated endowment fund - this fund was established with unrestricted trust fund monies and was designed to function like an endowment. Under the terms of the agreement with the community foundation, fund principal can be distributed only with the approval of three- fourths of the trust fund's board of directors and a majority of the board of direct”
Pt V Line 4
“Annual distributions of income available, which are unrestricted to the trust fund. (2) special fund - this fund consists of the pless bequest, which consists of funds temporarily restricted to capital improvements for the libraries in the system, as well as unrestricted and temporarily restricted monies that are transferred into this account for investment purposes. Under the terms of the agreement, fund principal can be distributed with the approval of the board of the trust fund. Pless invest”
Raw XML Appendix367 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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | The Trust Fund for the Asheville-Buncombe Library System was established in 1979 for the purpose of supporting and maintaining the public libraries of the Asheville Buncombe Library System. |
| IRS990/AllOtherContributionsAmt | 0 | 706 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | EDWARD J SHEARY |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8282504711 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 67 Haywood St |
| IRS990/BooksInCareOfDetail/USAddress/City | 0 | Asheville |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 28801 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 31008 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 2178 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 706 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 7019 |
| IRS990/CYOtherExpensesAmt | 0 | 9263 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -1538 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 9263 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 7725 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | THE TRUST FUND WAS LARGELY DORMANT DURING 2013. THE BOARD DID NOT MEET AS ALL WERE AGREED TO TRUST FUND EXPENDITURES WHILE THE FUNDS INVESTED IN THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA CONTINUED A GRADUAL RECOVERY FROM THE DECLINE OF 2008. THE ONLY PROGRAMS SPONSORED CONTINUE TO BE PROVIDING TUITION REIMBURSEMENTS FOR LIBRARY STAFF PURSUING THE MASTERS IN LIBRARY AND INFORMATION STUDIES. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 2117 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 1300 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 1300 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 5846 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 5846 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | GIL ELLIOTT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | ANN COXE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | EDWARD SHEARY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | JOEL ADAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JOHN AGER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | KATHY RIDDLE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Chairperson |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Trustee |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1979 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 7725 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 7019 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 7019 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | The Trust Fund for the Asheville-Buncombe Library |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 617588 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 703657 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 88028 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 586158 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 675993 |
| IRS990/OtherExpensesGrp/Desc | 0 | Library Publications and Program Events |
| IRS990/OtherExpensesGrp/Desc | 1 | Library Professional Development |
| IRS990/OtherExpensesGrp/Desc | 2 | Other Program |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 687 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 1198 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 232 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 687 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 1198 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 232 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | ED SHEARY |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -421 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 19599 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 8337 |
| IRS990/PYOtherExpensesAmt | 0 | 21733 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 6203 |
| IRS990/PYTotalExpensesAmt | 0 | 21733 |
| IRS990/PYTotalRevenueAmt | 0 | 27936 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -1538 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 422 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 25486 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 111111111 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | true |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc | 0 | 6 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 2117 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1 | 0 | Asheville-Buncombe Library System |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd | 0 | true |
| IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd | 0 | true |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 2117 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BoardDesignatedBalanceEOYPct | 0 | 0.68000 |
| IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 5723 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 586158 |
| IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt | 0 | 520 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 675992 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 95037 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 4359 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 529278 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 17377 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 586158 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 62852 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 18990 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 3553 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 546081 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 529278 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | -13250 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 3587 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 491633 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 546081 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 58035 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 2572 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 405345 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 491633 |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Endowment Funds Held with The Community Foundation of Western NC |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | SINCE DECEMBER 1999, THE TRUST FUND HAS MAINTAINED TWO FUNDS AT THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA. THEY ARE AS FOLLOWS: (1) BOARD DESIGNATED ENDOWMENT FUND - THIS FUND WAS ESTABLISHED WITH UNRESTRICTED TRUST FUND MONIES AND WAS DESIGNED TO FUNCTION LIKE AN ENDOWMENT. UNDER THE TERMS OF THE AGREEMENT WITH THE COMMUNITY FOUNDATION, FUND PRINCIPAL CAN BE DISTRIBUTED ONLY WITH THE APPROVAL OF THREE- FOURTHS OF THE TRUST FUND'S BOARD OF DIRECTORS AND A MAJORITY OF THE BOARD OF DIRECT |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | ANNUAL DISTRIBUTIONS OF INCOME AVAILABLE, WHICH ARE UNRESTRICTED TO THE TRUST FUND. (2) SPECIAL FUND - THIS FUND CONSISTS OF THE PLESS BEQUEST, WHICH CONSISTS OF FUNDS TEMPORARILY RESTRICTED TO CAPITAL IMPROVEMENTS FOR THE LIBRARIES IN THE SYSTEM, AS WELL AS UNRESTRICTED AND TEMPORARILY RESTRICTED MONIES THAT ARE TRANSFERRED INTO THIS ACCOUNT FOR INVESTMENT PURPOSES. UNDER THE TERMS OF THE AGREEMENT, FUND PRINCIPAL CAN BE DISTRIBUTED WITH THE APPROVAL OF THE BOARD OF THE TRUST FUND. PLESS INVEST |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt V Line 4 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt V Line 4 |
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| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The 990 is prepared by independent accountants, reviewed by |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | management, presented to the Board for review, proposed |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | revisions and final approval. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Annually, conflict of interest statements are required to be signed by each |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Board member. The statements affirm that the policy has been read & either |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | that no conflict of interest exists or discloses any such conflict. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Pursuant to the Trust Agreement with Buncombe County & Friends of the Libraries, |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | the organization does not have any employees. It is operated by the Trustees |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | and employees of the Asheville-Buncombe Library System. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Forms 1023 and 990 are available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Governing documents, conflict of interest policy and audited |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | financial statements are available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Net gain in value on Endowments held with the Community Foundation of Western NC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | A whistleblower policy was not in place as of year-end. However, |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | the organization is working on implementing one for the future. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | A document retention and destruction policy was not in place as of |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | year-end. However, the organization is working on implementing one for the future. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 17 | LIBRARY PROGRAM SERVICES-EQUIPMENT & FACILITY LIBRARY PROGRAM SERVICES-LIBRARY MATERIALS LIBRARY PROGRAM SERVICES-PROGRAM EVENTS LIBRARY PROGRAM SERVICES-LIBRARY STAFF EDU LIBRARY PROGRAM SERVICES-VOLUNTEERS LIBRARY PROGRAM SERVICES-OTHER SUPPORTING SERVICES-INVESTMENT FEES SUPPORTING SERVICES-SUPPLIES |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 18 | FUNDS HELD WITH THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA: ENDOWMENT SPECIAL FUND OTHER INVESTMENTS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 19 | ACCOUNTS PAYABLE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Pt VI, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Pt VI, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Pt VI, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Pt VI, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Pt VI, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Pt VI, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Pt VI, Line 18 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Pt VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Pt VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Pt XI |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Pt VI-B, Line 13 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Pt VI-B, Line 13 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | Pt VI-B, Line 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 16 | Pt VI-B, Line 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 17 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 18 | Form 990EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 19 | Form 990EZ, Part II, Line 26 |
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| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 703657 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 703657 |
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| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
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| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 2117 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 9263 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 703657 |
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| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 391314 |
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| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1 | 0 | 67 Haywood St |
| IRS990/USAddress/City | 0 | Asheville |
| IRS990/USAddress/State | 0 | NC |
| IRS990/USAddress/ZIPCode | 0 | 28801 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ED SHEARY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SECRETARY |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8282555209 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-08-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | Asheville Buncombe Library System Trust Fund |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ASHE |
| ReturnHeader/Filer/EIN | 0 | 581410422 |
| ReturnHeader/Filer/PhoneNum | 0 | 8282555209 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 67 Haywood St |
| ReturnHeader/Filer/USAddress/City | 0 | Asheville |
| ReturnHeader/Filer/USAddress/State | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 28801 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | CORLISS & SOLOMON PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 242 CHARLOTTE ST STE 1 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | ASHEVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 288011434 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8282360206 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2014-08-04 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | STEPHEN C CORLISS |
| ReturnHeader/ReturnTs | 0 | 2014-08-04T14:09:55-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2013-12-31 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $703,657
- Liabilities
- $0
- Net assets
- $703,657
- Revenue
- $7,725
- Expenses
- $9,263
- Net income
- -$1,538