Davidson County Library Foundation Inc
- Assets
- $245.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, NC
- Founding
- 12/1983
- Data as of
- 06/2024
- EIN
- 58-1539146
Organization Overview
Davidson County Library Foundation Inc is located in Lexington, NC. The organization was established in 1983. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davidson County Library Foundation 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 06/2024, Davidson County Library Foundation Inc generated $22.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $16.3k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE DAVIDSON COUNTY LIBRARY FOUNDATION RAISES MONEY FOR THE IMPROVEMENT OF THE PUBLIC LIBRARIES IN DAVIDSON COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Wessel Chairman | 1 | $0 | |
Ken Atwood Vice Chairman | 1 | $0 | |
Vicki Mitchell Secretary | 1 | $0 | |
Vicki Mitchell Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,791 |
| Total Program Service Revenue | $0 |
| Membership dues | $739 |
| Investment income | $536 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $22,066 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,313 |
| Total expenses | $16,313 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $245,872 |
| Other assets | $0 |
| Total assets | $245,872 |
| Total liabilities | $0 |
| Net assets or fund balances | $245,872 |