Friends Of The Handley Library Inc
- Assets
- $313.8k
- Revenue
- $64.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, VA
- Founding
- 06/1981
- Data as of
- 05/2021
- EIN
- 54-1123495
Organization Overview
Friends Of The Handley Library Inc is located in Winchester, VA. The organization was established in 1981. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Handley 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 05/2021, Friends Of The Handley Library Inc generated $64.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $66.2k during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. 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
PROGRAM SUPPORT FOR REGIONAL PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS PROGRAMS AND WORKSHOPS PRESENTED TO THE PUBLIC THROUGH THE THREE LOCATIONS OF THE HANDLEY REGIONAL LIBARY - CHILDREN, BOOKSALE, NOON MUSIC, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Koirtyohann Treasurer | OfficerTrustee | 2 | $0 |
Matthew Reames President | OfficerTrustee | 2 | $0 |
Tara Cahak Secretary | OfficerTrustee | 1 | $0 |
Mirande Delmerico Vice Preside | OfficerTrustee | 1 | $0 |
Mike Cahak Director | Trustee | 1 | $0 |
Joan Bronson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,047 |
| Investment income | $8,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,088 |
| 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 | -$11 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,206 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $14,747 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,290 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $66,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,588 |
| Savings and temporary cash investments | $41,747 |
| 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 | $969 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $240,283 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $313,767 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $313,767 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Handley Library Inc has recieved totaling $67.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Smyth County Public Library Marion, VA | $606,051 | $1,163,430 |
Lexington Public Library Foundation Lexington, KY | $804,427 | $226,813 |