Marathon Public Library
- Assets
- $310.5k
- Revenue
- $273.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Marathon, TX
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-3355925
Organization Overview
Marathon Public Library is located in Marathon, TX. The organization was established in 2014. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Marathon Public Library employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marathon Public Library 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, Marathon Public Library generated $273.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $168.9k during the year ending 12/2021. While expenses have increased by 19.1% per year over the past 6 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
THE MISSION OF MARATHON PUBLIC LIBRARY IS TO STRENGTHEN OUR COMMUNITY BY CONNECTING PEOPLE WITH IDEAS, INFORMATION AND INNOVATIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS, SERVICES AND COLLECTION DEVELOPMENT: MARATHON PUBLIC LIBRARY PROVIDES A VARIETY OF EDUCATIONAL PROGRAMS FOR ALL AGES AND ABILITIES; PROMOTES LITERACY THROUGH A DIVERSE COLLECTION; AND MEETS NEEDS THROUGH INNOVATIVE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Albright President | OfficerTrustee | $0 | |
Micaela Aguilar Secretary | OfficerTrustee | $0 | |
Janet Groth Treasurer | OfficerTrustee | $0 | |
Marian Collins Director | Trustee | $0 | |
Steven Jones Director | Trustee | $0 | |
Danielle Gallo Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,543 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,996 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,539 |
| Total Program Service Revenue | $26,250 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,789 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,825 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,391 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,078 |
| Travel | $2,331 |
| 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 | $0 |
| Insurance | $2,732 |
| All other expenses | $0 |
| Total functional expenses | $168,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,461 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $310,461 |
| Accounts payable and accrued expenses | $0 |
| 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 | $5,433 |
| Total liabilities | $5,433 |
| Net assets without donor restrictions | $305,028 |
| 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 | $310,461 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Marathon Public Library has recieved totaling $110,154.
| Awarding Organization | Amount |
|---|---|
Potts And Sibley Foundation Midland, TX PURPOSE: OPERATINGS | $40,000 |
Permian Basin Area Foundation Midland, TX PURPOSE: Educational | $25,000 |
Yarborough Foundation Midland, TX PURPOSE: OPERATING EXPENSES | $20,000 |
Wayne And Jo Ann Moore Charitablefoundation Midland, TX PURPOSE: OPERATING EXPENSE | $10,000 |
Pevehouse Family Foundation Inc Midland, TX PURPOSE: OPERATIONAL EXPENSES | $10,000 |
Union Pacific Foundation Omaha, NE PURPOSE: ARTS AND CULTURE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George W Bush Foundation Dallas, TX | $628,846,419 | $37,657,859 |
Pioneer Library System Norman, OK | $5,931,448 | $15,507,691 |
Amigos Library Services Addison, TX | $13,779,793 | $13,572,299 |
Houston Academy Of Medicine Houston, TX | $57,192,263 | $9,726,228 |
Rosenberg Library Association Galveston, TX | $38,547,435 | $5,322,146 |
Texas Rangers Baseball Foundation Arlington, TX | $31,952,885 | $4,231,744 |
Texas Library Association Austin, TX | $3,885,906 | $2,023,532 |
Nicholas P Sims Library And Lyceum Waxahachie, TX | $6,016,321 | $1,456,902 |
T L L Temple Memorial Library & Archives Diboll, TX | $4,162,289 | $853,055 |
Jal Public Library Fund Jal, NM | $27,094,564 | $3,040,405 |
Mid-Continent Geological Library Inc Edmond, OK | $1,595,859 | $293,509 |
Bexar County Medical Library Association San Antonio, TX | $5,494,674 | $707,549 |