The Alleghany Highlands Regional Library Inc
- Assets
- $917.0k
- Revenue
- $423.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Covington, VA
- Founding
- 02/1954
- Data as of
- 06/2022
- EIN
- 54-0567000
Organization Overview
The Alleghany Highlands Regional Library Inc is located in Covington, VA. The organization was established in 1954. As of 06/2022, Alleghany Highlands Regional Library Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alleghany Highlands Regional Library Inc 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, Alleghany Highlands Regional Library Inc generated $423.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $444.4k during the year ending 06/2022. While expenses have increased by 0.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REGIONAL PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING WIDE RANGE OF LIBRARY SERVICES FOR GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisha N Hicks Library Director | Officer | 40 | $66,500 |
Josh Hagy Chair | OfficerTrustee | 5 | $0 |
Dennis Nelson Treasurer | OfficerTrustee | 5 | $0 |
Matt Mcgraw Secretary | OfficerTrustee | 5 | $0 |
Tom Long Vice Chair | OfficerTrustee | 5 | $0 |
Rob Bennett Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,145 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $368,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,872 |
| Total Program Service Revenue | $8,761 |
| 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 | $980 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $423,609 |
| 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. | $74,875 |
| Compensation of current officers, directors, key employees. | $33,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,239 |
| Pension plan accruals and contributions | $4,530 |
| Other employee benefits | $6,323 |
| Payroll taxes | $11,723 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,960 |
| Office expenses | $13,276 |
| Information technology | $22,681 |
| Royalties | $0 |
| Occupancy | $44,293 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $600 |
| Interest | $107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,817 |
| Insurance | $7,549 |
| All other expenses | $2,286 |
| Total functional expenses | $444,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,395 |
| 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 | $32,068 |
| Net Land, buildings, and equipment | $790,528 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $916,991 |
| Accounts payable and accrued expenses | $14,636 |
| Grants payable | $0 |
| Deferred revenue | $53,051 |
| 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 | $4,543 |
| Other liabilities | $92,030 |
| Total liabilities | $164,260 |
| Net assets without donor restrictions | $0 |
| 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 | $785,985 |
| Retained earnings, endowment, accumulated income, or other funds | -$33,254 |
| Total liabilities and net assets/fund balances | $916,991 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Enoch Pratt Free Library Of Baltimore City Baltimore, MD | $234,974,900 | $48,157,400 |
Lexington Public Library Lexington, KY | $48,466,600 | $19,057,212 |
Queen Annes County Free Library Centreville, MD | $3,534,978 | $5,055,509 |
Eastern Shore Regional Library Inc Salisbury, MD | $2,252,181 | $3,366,767 |
Northwestern Regional Library Elkin, NC | $2,333,593 | $2,751,748 |
Rockingham Library Association Harrisonburg, VA | $9,275,406 | $2,755,751 |
Johnson City Public Library Johnson City, TN | $2,269,696 | $2,425,366 |
Allegany County Library Cumberland, MD | $9,347,063 | $4,796,279 |
Danville Library Inc Danville, KY | $6,580,525 | $1,263,979 |
Talbot County Free Library Association Incorporated Easton, MD | $994,962 | $2,019,680 |
Public Library Of Johnston County And Smithfield Smithfield, NC | $1,928,759 | $1,465,964 |
Samuels Library Inc Front Royal, VA | $1,258,942 | $1,396,617 |