Civic Intelligence

Library Foundation of Hancock County

EIN 58-2111069 • 501(c)3 • Bay Saint Louis, MS

Profile

The organization's primary purpose is to provide support to the local library in hancock county.

312 Hwy 90Bay Saint Louis, MS 39520

n/A

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

65th percentile

9.8%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

20%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,381,739

Up $315,148 (+15%) from 2022

Liabilities

Down

$2,150

Down $74,819 (-97%) from 2022

Net Assets

Up

$2,379,589

Up $389,967 (+20%) from 2022

Revenue

Down

$425,044

Down $48,097 (-10%) from 2022

Expenses

Up

$343,276

Up $150,069 (+78%) from 2022

Net Income

Down

$81,768

Down $198,166 (-71%) from 2022

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $974,470Liabilities 2010: $0Net Assets 2010: $974,4702010Assets 2011: $932,411Liabilities 2011: $0Net Assets 2011: $932,4112011Assets 2012: $1,000,367Liabilities 2012: $109,589Net Assets 2012: $890,7782012Assets 2013: $902,437Liabilities 2013: $100,107Net Assets 2013: $802,3302013Assets 2014: $814,723Liabilities 2014: $0Net Assets 2014: $814,7232014Assets 2015: $740,130Liabilities 2015: $0Net Assets 2015: $740,1302015Assets 2016: $677,896Liabilities 2016: $0Net Assets 2016: $677,8962016Assets 2017: $623,849Liabilities 2017: $0Net Assets 2017: $623,8492017Assets 2018: $823,350Liabilities 2018: $0Net Assets 2018: $823,3502018Assets 2019: $922,209Liabilities 2019: $0Net Assets 2019: $922,2092019Assets 2020: $990,515Liabilities 2020: $0Net Assets 2020: $990,5152020Assets 2021: $1,491,513Liabilities 2021: $0Net Assets 2021: $1,491,5132021Assets 2022: $2,066,591Liabilities 2022: $76,969Net Assets 2022: $1,989,6222022Assets 2024: $2,381,739Liabilities 2024: $2,150Net Assets 2024: $2,379,5892024

Highlighted filing

2024

Assets$2,381,739
Liabilities$2,150
Net Assets$2,379,589

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $580,7062010Revenue 2011: $51,854Expenses 2011: $93,913Net Income 2011: -$42,0592011Expenses 2012: $96,2482012Revenue 2013: $76,787Expenses 2013: $165,235Net Income 2013: -$88,4482013Revenue 2014: $156,224Expenses 2014: $143,831Net Income 2014: $12,3932014Revenue 2015: $58,643Expenses 2015: $123,847Net Income 2015: -$65,2042015Revenue 2016: $71,990Expenses 2016: $120,463Net Income 2016: -$48,4732016Revenue 2017: $63,612Expenses 2017: $114,196Net Income 2017: -$50,5842017Revenue 2018: $344,812Expenses 2018: $147,557Net Income 2018: $197,2552018Revenue 2019: $251,558Expenses 2019: $152,699Net Income 2019: $98,8592019Revenue 2020: $222,794Expenses 2020: $154,488Net Income 2020: $68,3062020Revenue 2021: $544,370Expenses 2021: $128,541Net Income 2021: $415,8292021Revenue 2022: $473,141Expenses 2022: $193,207Net Income 2022: $279,9342022Revenue 2024: $425,044Expenses 2024: $343,276Net Income 2024: $81,7682024

Highlighted filing

2024

Revenue$425,044
Expenses$343,276
Net Income$81,768

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$0.00$2.38$0.43$0.34$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.08$1.99$0.47$0.19$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$0.00$1.49$0.54$0.13$0.42
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.00$0.99$0.22$0.15$0.07
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.00$0.92$0.25$0.15$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.00$0.82$0.34$0.15$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.00$0.62$0.06$0.11$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.00$0.68$0.07$0.12$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.06$0.12$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$0.16$0.14$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.90$0.10$0.80$0.08$0.17$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.11$0.89$0.10
2011Summary only. Only limited summary data is available for this year.$0.93$0.00$0.93$0.05$0.09$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.00$0.97$0.58
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$485,564
Mission and Program Overview

Mission

The organization's primary purpose is to provide support to the local library in hancock county.

The mission of The Library Foundation is to strengthen the Hancock County Library Systems value to the community, to fund special projects and endowments, and to inspire community interest and involvement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities-$1,548,443-
Savings and Temporary Cash Investments$929,726--
Land, Buildings, and Equipment, Net$337,563$309,262▼ $28,301
Cash and Non-Interest-Bearing Accounts$224,224$107,908▼ $116,316
Pledges and Grants Receivable-$100,978-
Total Assets$1,491,513$2,066,591▲ $575,078
Liabilities
Accounts Payable and Accrued Expenses-$76,969-
Total Liabilities$0$76,969▲ $76,969
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,491,513$1,989,622▲ $498,109
Total Net Assets Fund Balance$1,491,513$1,989,622▲ $498,109
Total Liabilities and Net Assets / Fund Balance$1,491,513$2,066,591▲ $575,078

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$65,333$74,667-
Land$243,929--
Other Securities$428,617--
Compensation and Service Providers

Board Members and Trustees

NameTitle
NoneNone
Revenue and Support

Revenue Composition

Contributions and Grants
$431,991
Program Service Revenue
$0
Investment Income
$17,199
Other Revenue
$23,951
All Other Contributions
$431,991
Change in Net Assets
$279,934

Audited Revenue Reconciliation

Revenue per Audited Statements
$507,725
Revenue Not Reported on Form 990
$-63,250
Total Revenue per Audited Statements
$444,475
Total Revenue per Form 990
$507,725
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$155,341
Other Expenses$37,866
Total Fundraising Expense$5,423
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$155,341--$155,341
Fees for Services Legal$0$8,593$0$8,593
Fees for Services Accounting$0$6,800$0$6,800
Fees for Services Management$6,500$0$0$6,500
Other Expenses$2,145$711$175$3,031
Insurance$0$2,856$0$2,856
Conferences and Meetings$0$2,828$0$2,828
Office Expenses$0$2,010$0$2,010
Total Functional Expenses$163,986$23,798$5,423$193,207

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$193,207
Total Expenses per Audited Statements$193,207
Total Expenses per Form 990$193,207
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hancock County Library SystemBay Saint Louis, MS-Program support$155,341
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,484
Fundraising Direct Expenses$5,423
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
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
The Library Foundation of Hancock County Inc
EIN
58-2111069
Phone
2282165527
Address
312 Hwy 90, Bay Saint Louis, MS 39520

Signing Officer

Name
Basil Kennedy
Title
Secretary/Treasurer
Phone
2282165527
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Basil Kennedy
Formed
1993
Legal Domicile
Ms
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
50

Preparer

Firm
Gerald W Rigby CPA PC
Address
724 Dunbar Avenue, Bay St Louis, MS 39520
Preparer
Gerald W Rigby CPA PC
Phone
2284675744
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Treasurer circulates a draft copy to the board members via e-mail.

Pt VI, Line 19

All documents are available by request at the Hancock County Library Sytem headquarters.

Pt VI, Line 12C

At regualry scheduled meetings.

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.

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IRS990ScheduleD/OtherSecuritiesGrp/Desc1Cash
IRS990ScheduleD/OtherSecuritiesGrp/Desc2Corporate bonds
IRS990ScheduleD/OtherSecuritiesGrp/Desc3Government bonds
IRS990ScheduleD/OtherSecuritiesGrp/Desc4Money Market funds
IRS990ScheduleD/OtherSecuritiesGrp/Desc5Fixed index Annuities
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/RevenueNotReportedAmt0-63250
IRS990ScheduleD/RevenueSubtotalAmt0507725
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0309262
IRS990ScheduleD/TotalBookValueSecuritiesAmt01548443
IRS990ScheduleD/TotalExpensesPerForm990Amt0193207
IRS990ScheduleD/TotalRevenuePerForm990Amt0507725
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0444475
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0193207
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0155341
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Program support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Hancock County Library System
IRS990ScheduleI/RecipientTable/RecipientEIN0640469465
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0312 Hwy 90
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Bay Saint Louis
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MS
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd039520
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Treasurer circulates a draft copy to the board members via e-mail.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All documents are available by request at the Hancock County Library Sytem headquarters.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2At regualry scheduled meetings.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01491513
IRS990/TotalAssetsEOYAmt02066591
IRS990/TotalAssetsGrp/BOYAmt01491513
IRS990/TotalAssetsGrp/EOYAmt02066591
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0431991
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05423
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023798
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0163986
IRS990/TotalFunctionalExpensesGrp/TotalAmt0193207
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt076969
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt076969
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01491513
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01989622
IRS990/TotalProgramServiceExpensesAmt0163986
IRS990/TotalRevenueGrp/ExclusionAmt023951
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017199
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0473141
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01491513
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02066591
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0312 Hwy 90
IRS990/USAddress/CityNm0Bay Saint Louis
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039520
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Basil Kennedy
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary/Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02282165527
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Library Foundation of Hancock County Inc
ReturnHeader/Filer/BusinessNameControlTxt0LIBR
ReturnHeader/Filer/EIN0582111069
ReturnHeader/Filer/PhoneNum02282165527
ReturnHeader/Filer/USAddress/AddressLine1Txt0312 Hwy 90
ReturnHeader/Filer/USAddress/CityNm0Bay Saint Louis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039520
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020655679
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Gerald W Rigby CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0724 Dunbar Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bay St Louis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039520
ReturnHeader/PreparerPersonGrp/PhoneNum02284675744
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gerald W Rigby CPA PC
ReturnHeader/ReturnTs02023-10-27T09:30:07-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Basil
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Kennedy
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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