Friends Of Buncombe Libraries Inc
- Assets
- $277.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 11/1995
- Data as of
- 06/2022
- EIN
- 56-1933173
Organization Overview
Friends Of Buncombe Libraries Inc is located in Asheville, NC. The organization was established in 1995. 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. Friends Of Buncombe Libraries 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, Friends Of Buncombe Libraries Inc generated $187.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $85.6k during the year ending 06/2022. While expenses have increased by 11.3% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Celeste Baldwin Director | 8 | $0 | |
Judy Thompson Secretary | 8 | $0 | |
Larry Rolfes Board Member | 8 | $0 | |
Marilyn Lonon Treasurer | 8 | $0 | |
Colleen Watson Board Member | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,828 |
| Total Program Service Revenue | $0 |
| Membership dues | $9,957 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $81 |
| Total Revenue | $187,944 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,750 |
| Occupancy, rent, utilities, and maintenance | $3,467 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $74,346 |
| Total expenses | $85,563 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $277,288 |
| Other assets | $0 |
| Total assets | $277,288 |
| Total liabilities | $0 |
| Net assets or fund balances | $277,288 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Friends Of Buncombe Libraries Inc has recieved totaling $926.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $275 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $125 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fontana Regional Library Bryson City, NC | $3,949,070 | $3,576,120 |
Hall County Library System Gainesville, GA | $3,250,117 | $3,142,745 |
Blackwater Regional Library Courtland, VA | $2,907,987 | $2,595,036 |
Cli Prison Alliance Inc Raleigh, NC | $1,246,885 | $2,394,225 |
National Sporting Library Incorporated Middleburg, VA | $24,531,630 | $3,372,979 |
Tenn-Share Alcoa, TN | $1,129,556 | $1,846,388 |
Children & Family Resource Center Of Henderson County Inc Hendersonville, NC | $2,071,959 | $1,831,155 |
Triangle Research Libraries Network Durham, NC | $1,003,017 | $2,300,014 |
Central Virginia Regional Library Farmville, VA | $229,029 | $1,098,121 |
George C Marshall Research Foundation Lexington, VA | $9,916,365 | $1,800,657 |
H Leslie Perry Memorial Library Inc Henderson, NC | $674,075 | $933,798 |
Community Library Inc Kilmarnock, VA | $9,758,465 | $1,158,743 |