Recording Library Of West Texas
- Assets
- $1.2m
- Revenue
- $456.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Midland, TX
- Founding
- 08/1970
- Data as of
- 12/2021
- EIN
- 23-7075064
Organization Overview
Recording Library Of West Texas is located in Midland, TX. The organization was established in 1970. As of 12/2021, Recording Library Of West Texas employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Recording Library Of West Texas 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 12/2021, Recording Library Of West Texas generated $456.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $369.7k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AUDIO RECORDINGS TO ENRICH THE LIVES OF PEOPLE WHO CANNOT ACCESS THE PRINTED WORD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AUDIO RECRDINGS TO ENRICH THE LIVES OF PEOPLE WHO CANNOT ACCESS THE PRINTED WORD. THE LIBRARY SERVED OVER 30,000 PEOPLE DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bailee Hennis Executive Di | Officer | 40 | $80,250 |
Angela Wilhite President | OfficerTrustee | 0.48 | $0 |
Denisa Casey Secretary | OfficerTrustee | 0.96 | $0 |
Dr Dave Power Vice Preside | OfficerTrustee | 2.88 | $0 |
April Barlow Treasurer | OfficerTrustee | 1.92 | $0 |
Exa Kaye Luman Director | Trustee | 1.54 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,211 |
| Related organizations | $0 |
| Government grants | $54,549 |
| All other contributions, gifts, grants, and similar amounts not included above | $295,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,384 |
| Total Program Service Revenue | $0 |
| Investment income | $60,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,676 |
| Net Income from Fundraising Events | -$2,856 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $456,893 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,250 |
| Compensation of current officers, directors, key employees. | $26,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,034 |
| Payroll taxes | $16,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,268 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,922 |
| Office expenses | $2,235 |
| Information technology | $22,296 |
| Royalties | $0 |
| Occupancy | $26,656 |
| Travel | $706 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,916 |
| Insurance | $3,635 |
| All other expenses | $1,425 |
| Total functional expenses | $369,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,776 |
| Savings and temporary cash investments | $179,588 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,060 |
| Net Land, buildings, and equipment | $52,497 |
| Investments—publicly traded securities | $927,093 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,173,014 |
| Accounts payable and accrued expenses | $6,112 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,112 |
| Net assets without donor restrictions | $1,166,902 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,173,014 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Recording Library Of West Texas has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Paul J Williams Foundation Midland, TX PURPOSE: PROVIDING AUDIO RECORDINGS TO ENRICH THE LIVES OF PEOPLE WHO CANNOT ACCESS THE WRITTEN WORD. | $20,000 |
Endowment Analysis
| Beg. Balance | $704,473 |
| Earnings | $69,650 |
| Admin Expense | $179,630 |
| Net Contributions | $10,177 |
| Ending Balance | $604,670 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Ypo Inc irving, TX | $225,170,372 | $113,445,633 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Principia Corporation St Louis, MO | $1,121,774,918 | $256,921,200 |
Texas Wesleyan University Fort Worth, TX | $187,144,342 | $108,798,845 |
Park University Parkville, MO | $196,638,780 | $102,110,275 |
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Benedictine College Atchison, KS | $163,686,664 | $96,440,027 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |