Library Foundation Of Spring City
- Assets
- $373.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Spring City, TN
- Founding
- 12/2004
- Data as of
- 12/2019
- EIN
- 06-1731259
Organization Overview
Library Foundation Of Spring City is located in Spring City, TN. The organization was established in 2004. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Library Foundation Of Spring City is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Library Foundation Of Spring City generated $820.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $1.5k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
TO INSURE THE LIBRARY MAINTAINS A LEVEL OF SERVICE TO MEET THE NEEDS OF THE LOCAL SCHOOLS AS WELL AS THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Vaughn President | 5 | $0 | |
Sharon Harned Treasurer | 5 | $0 | |
Linda Chattin Secretary | 5 | $0 | |
Gene Hassler Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $762 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $58 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $820 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,491 |
| Total expenses | $1,491 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,299 |
| Other assets | $0 |
| Total assets | $373,688 |
| Total liabilities | $0 |
| Net assets or fund balances | $373,688 |
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