George M Jones Library Association
- Assets
- $4.3m
- Revenue
- $494.2k
- Investments
- $4.0m
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 06/1930
- Data as of
- 06/2022
- EIN
- 54-0505921
Organization Overview
George M Jones Library Association is located in Lynchburg, VA. The organization was established in 1930. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. George M Jones Library Association 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 06/2022, George M Jones Library Association generated $494.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $278.9k during the year ending 06/2022. While expenses have increased by 0.4% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE ACTIVITY OF THE ASSOCIATION IS THE OPERATION OF A LIBRARY FOR GENEOLOGICAL & HISTORICAL RESEARCH. THE LIBRARY IS OPEN TO THE PUBLIC AT NO CHARGE OR FEE. LIBRARY PERSONNEL ESTIMATE THAT APPROXIMATELY 10,000-12,000 PEOPLE USE THE FACILITY ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lewis Averett Director | 40 | $43,598 | |
Carolyn Sherayko Acting Director | 40 | $20,833 | |
R Chambliss Light Jr President | 10 | $0 | |
Hunsdon H Cary III Secretary | 0.5 | $0 | |
Robert Blevins Trustee | 0.5 | $0 | |
Russell Hicks Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,743 |
| Interest on Savings | $0 |
| Dividends & Interest | $156,917 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $296,216 |
| Capital Gain Net Income | $296,216 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,317 |
| Total Revenue | $494,193 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,431 |
| Other employee salaries and wages | $77,601 |
| Pension plans, employee benefits | $2,150 |
| Interest | $0 |
| Taxes | $10,474 |
| Depreciation | $9,406 |
| Occupancy | $39,435 |
| Travel, conferences, and meetings | $1,201 |
| Printing and publications | $0 |
| Other expenses | $26,086 |
| Total operating and administrative expenses | $278,910 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $278,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,524 |
| Savings and temporary cash investments | $172,628 |
| Net Accounts receivable | $17,367 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $45,666 |
| Net Land, buildings, and equipment | $5,529 |
| Other assets | $0 |
| Total assets | $4,291,850 |
| Accounts payable and accrued expenses | $2,412 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,412 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that George M Jones Library Association has recieved totaling $11,734.
| Awarding Organization | Amount |
|---|---|
Greater Lynchburg Community Foundation Lynchburg, VA PURPOSE: ANNUAL DONOR-DESIGNATED GRANT; ARCHITECTUARAL DRAWINGS STORAGE CABINETS | $11,734 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prince Georges County Memorial Library System Largo, MD | $19,703,287 | $35,335,320 |
Public Library Association Of Annapolis And A A Co Inc Annapolis, MD | $38,305,116 | $29,732,836 |
Washington County Free Library Hagerstown, MD | $16,301,833 | $8,756,633 |
Washington Research Library Consortium Upper Marlboro, MD | $19,082,145 | $5,815,985 |
Loyola-Notre Dame Library Inc Baltimore, MD | $17,276,844 | $4,820,071 |
Cabell County Public Library Huntington, WV | $12,674,770 | $6,152,653 |
Wicomico County Free Library Inc Salisbury, MD | $3,745,578 | $3,405,166 |
Friends Committee On National Legislation Washington, DC | $7,160,459 | $3,361,145 |
Southern Maryland Regional Library Association Inc Charlotte Hall, MD | $4,649,230 | $3,547,495 |
Fontana Regional Library Bryson City, NC | $3,949,070 | $3,576,120 |
Blackwater Regional Library Courtland, VA | $2,907,987 | $2,595,036 |
Cli Prison Alliance Inc Raleigh, NC | $1,246,885 | $2,394,225 |