Old Jamestown School Association Inc
- Assets
- $1.0m
- Revenue
- $197.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Jamestown, NC
- Founding
- 08/1987
- Data as of
- 12/2023
- EIN
- 56-1531476
Organization Overview
Old Jamestown School Association Inc, operating under the name Jamestown Public Library, is located in Jamestown, NC. The organization was established in 1987. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2023, Jamestown Public Library employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jamestown 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 12/2023, Jamestown Public Library generated $197.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $204.5k during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OLD JAMESTOWN SCHOOL ASSOCIATION PROVIDES THE COMMUNITY OF JAMESTOWN NC AND THE SURROUNDING AREA WITH THE JAMESTOWN PUBLIC LIBRARY AND THE OLD JAMESTOWN SCHOOL ALUMNI ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY PROVIDES A CARING AND COMPASSIONATE COMMUNITY CENTER THAT NURTURES LIFELONG READERS AND LIFELONG LEARNERS, PROVIDES FREE ACCESS TO LITERATURE, CULTURE AND INFORMATION THROUGH BOOKS AND OTHER RESOURCES, RESPECTS THE CULTURAL AND HISTORICAL HERITAGE OF THE COMMUNITY AND HELPS THE PEOPLE OF JAMESTOWN AND THE SURROUNDING COMMUNITIES TO LIVE MORE MEANINGFUL AND INFORMED LIVES. IN 2023 THE LIBRARY SERVED 143,044 PATRONS, LENT 35386 LIBRARY MATERIALS INCLUDING BOOKS, EBOOKS, BOOKS ON TAPE, CDS, DVDS AND PERIODICALS AND PROVIDED PUBLIC COMPUTERS AND FREE WIFI TO PATRONS.
THE ALUMNI ASSOCIATION FOSTERS THE CULTURAL AND HISTORIC HERITAGE OF THE COMMUNITY BY MAINTAINING CONTACT INFORMATION FOR LIVING ALUMNI AND RECORDS REGARDING DECEASED ALUMNI. IT ALSO FUNDS THE OLD JAMESTOWN SCHOOL ARCHIVE AND ASSISTS WITH THE FUNDING OF THE BUILDING RESTORATION AND MAINTENANCE.
THE FRIENDS OF THE LIBRARY SUPPORTS LIBRARY OPERATIONS BY SPONSORING FUNDRAISERS, LECTURE SERIES AND OTHER SPECIAL EVENTS THAT EXTEND THE LIBRARYS EXPOSURE TO THE PUBLIC BEYOND ITS NORMAL DAY TO DAY FUNCTION. THIS ORGANIZATION HAS TAKEN A KEY ROLE IN PROVIDING MANY OF THE VOLUNTEERS THAT ASSIST LIBRARY OPERATIONS ON A DAILY BASIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Mcgaha Library Manager | Officer | 40 | $38,442 |
Bill Ameen Director | Trustee | 0.25 | $0 |
Allyson Carter Director | Trustee | 0.25 | $0 |
Julia Ebel Director | Trustee | 2 | $0 |
Sarah Gibson Treasurer | Officer | 8 | $0 |
Gary Haynes Chair | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,225 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $119,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,479 |
| Total Program Service Revenue | $6,448 |
| Investment income | $24,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,300 |
| Net Gain/Loss on Asset Sales | $3,655 |
| Net Income from Fundraising Events | $12,303 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,153 |
| 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. | $35,771 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,682 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,832 |
| Information technology | $15,939 |
| Royalties | $0 |
| Occupancy | $26,838 |
| 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 | $1,692 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $204,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,073 |
| Savings and temporary cash investments | $147,781 |
| 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 | $31,722 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $764,546 |
| Total assets | $1,012,122 |
| Accounts payable and accrued expenses | $2,444 |
| 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 | $2,444 |
| Net assets without donor restrictions | $172,827 |
| Net assets with donor restrictions | $836,851 |
| 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 | $1,012,122 |