Friends Of Buncombe Libraries Inc
- Assets
- $294.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 11/1995
- Data as of
- 06/2023
- 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 06/2023, Friends Of Buncombe Libraries Inc generated $156.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $140.0k during the year ending 06/2023. While expenses have increased by 8.7% 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 | |
Marilyn Lonon Treasurer | 8 | $0 | |
Larry Rolfes Board Member | 8 | $0 | |
Colleen Watson Board Member | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,252 |
| Total Program Service Revenue | $0 |
| Membership dues | $12,455 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $900 |
| Total Revenue | $156,710 |
| 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 | $6,960 |
| Occupancy, rent, utilities, and maintenance | $4,437 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $128,643 |
| Total expenses | $140,040 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $293,958 |
| Other assets | $0 |
| Total assets | $293,958 |
| Total liabilities | $0 |
| Net assets or fund balances | $293,958 |