Northwestern Regional Library
- Assets
- $2.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 75
- Location
- Elkin, NC
- Founding
- 08/1985
- Data as of
- 06/2021
- EIN
- 56-6021060
Organization Overview
Northwestern Regional Library is located in Elkin, NC. The organization was established in 1985. As of 06/2021, Northwestern Regional Library employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwestern Regional 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 06/2021, Northwestern Regional Library generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.7m during the year ending 06/2021. While expenses have increased by 2.0% per year over the past 6 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
PUBLIC LIBRARY SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES PUBLIC LIBRARY SERVICES FOR FOUR NORTH CAROLINA COUNTIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Sherif Executive Director | OfficerTrustee | 40 | $67,121 |
Jonathan Bledsoe Chair | Officer | 1 | $0 |
Lisa Darisse Vice Chair | Officer | 1 | $0 |
Dan Whelan Secretary | Officer | 1 | $0 |
David Moxley Trustee | Trustee | 1 | $0 |
Mechelle Luffman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,408,918 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,616 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,528,534 |
| Total Program Service Revenue | $36,672 |
| Investment income | $150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,751,748 |
| 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. | $67,121 |
| Compensation of current officers, directors, key employees. | $67,121 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,238,542 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $418,795 |
| Payroll taxes | $97,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,570 |
| 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 | $99,335 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $316,986 |
| Travel | $2,775 |
| 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 | $178,808 |
| Insurance | $19,478 |
| All other expenses | $0 |
| Total functional expenses | $2,678,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $1,173,646 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,706 |
| 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 | $25,827 |
| Net Land, buildings, and equipment | $659,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $337,767 |
| Total assets | $2,333,593 |
| Accounts payable and accrued expenses | $97,875 |
| 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 | $666,299 |
| Total liabilities | $764,174 |
| Net assets without donor restrictions | $773,116 |
| Net assets with donor restrictions | $796,303 |
| 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 | $2,333,593 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Northwestern Regional Library has recieved totaling $32,927.
| Awarding Organization | Amount |
|---|---|
Charles H Stone Tr A Uw 112220077966 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $17,547 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 8 GRANT(S) FOR VARYING PURPOSES | $15,368 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
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 |