Lanier Library Assn Inc
- Assets
- $3.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Tryon, NC
- Founding
- 12/1951
- Data as of
- 12/2021
- EIN
- 56-0582029
Organization Overview
Lanier Library Assn Inc is located in Tryon, NC. The organization was established in 1951. As of 12/2021, Lanier Library Assn Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lanier Library Assn 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 12/2021, Lanier Library Assn Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.1% each year . All expenses for the organization totaled $199.1k during the year ending 12/2021. While expenses have increased by 1.8% 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 PROMOTE LITERACY AND SOCIAL INTERESTS; TO MAINTAIN A LIBRARY; AND TO ENCOURAGE CIVIC AND EDUCATIONAL WELFARE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEMBERS AND THE COMMUNITY ACCESS TO OVER 25,000 PRINT BOOKS, OVER 1900 NON-PRINT ITEMS AND OVER 60 PERIODICALS AS WELL AS TWO COMPUTER TERMINALS FOR PUBLIC USE. SPONSORED MONTHLY PROGRAMS OF INTEREST TO THE MEMBERSHIP AND THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Smith Secretary | OfficerTrustee | 1 | $0 |
Timothy J Boyce President | OfficerTrustee | 1 | $0 |
Rita E Landrum Treasurer & Finance Chair | OfficerTrustee | 2 | $0 |
Vicky Jackson Vice President | OfficerTrustee | 1 | $0 |
Jenny Purtill Executive Director | Officer | 30 | $0 |
Laura Peek Director - Membership Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,950 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $308,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,930 |
| Total Program Service Revenue | $1,251 |
| Investment income | $59,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10 |
| Net Gain/Loss on Asset Sales | $990,045 |
| Net Income from Fundraising Events | $350 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,417,212 |
| 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 | $90,188 |
| Pension plan accruals and contributions | $8,515 |
| Other employee benefits | $0 |
| Payroll taxes | $6,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,008 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,192 |
| Office expenses | $2,215 |
| Information technology | $5,921 |
| Royalties | $0 |
| Occupancy | $5,515 |
| Travel | $617 |
| 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 | $13,907 |
| Insurance | $5,405 |
| All other expenses | $7,190 |
| Total functional expenses | $199,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,992 |
| 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 | $259,893 |
| Investments—publicly traded securities | $2,995,011 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,000 |
| Total assets | $3,450,896 |
| Accounts payable and accrued expenses | $10,624 |
| 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 | $10,624 |
| Net assets without donor restrictions | $3,309,270 |
| Net assets with donor restrictions | $131,002 |
| 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 | $3,450,896 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lanier Library Assn Inc has recieved totaling $96,496.
| Awarding Organization | Amount |
|---|---|
Polk County Community Foundation Inc Tryon, NC PURPOSE: LIBRARY AND COMMUNITY CENTER FACILITIES, SUSTAINABILITY AND EVENTS | $60,824 |
Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca Tryon, NC PURPOSE: SUSTAINABILITY | $35,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $172 |
Endowment Analysis
| Beg. Balance | $2,652,165 |
| Earnings | $336,853 |
| Admin Expense | $5,065 |
| Net Contributions | $15,000 |
| Other Expense | $3,942 |
| Ending Balance | $2,995,011 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Northwest Georgia Regional Library Dalton, GA | $1,061,647 | $2,297,011 |
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 |
Fairfax Library Foundation Inc Fairfax, VA | $6,314,770 | $2,232,065 |
Northumberland Public Library Heathsville, VA | $1,261,098 | $478,679 |
The Alleghany Highlands Regional Library Inc Covington, VA | $916,991 | $423,609 |
Middlesex County Public Library Inc Urbanna, VA | $666,181 | $333,889 |
Madison County Library Incorporated Madison, VA | $1,052,835 | $312,878 |