Simpson County Library District
- Assets
- $8.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 13
- Location
- Franklin, KY
- Founding
- 11/1947
- Data as of
- 06/2023
- EIN
- 61-0562452
Organization Overview
Simpson County Library District is located in Franklin, KY. The organization was established in 1947. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2023, Simpson County Library District employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simpson County Library District 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, Simpson County Library District generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 8.0% per year over the past 8 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 PURPOSE OF THE ORGANIZATION IS TO PROVIDE A FREE PUBLIC LIBRARY TO THE CITIZENS OF FRANKLIN AND SIMPSON COUNTY, KY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE BOOKMOBILE SERVICE, BOOKS AND OTHER READING MATERIALS FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Wakefield Chairman | OfficerTrustee | 1 | $0 |
Ashley Sharer Vice Chairman | OfficerTrustee | 1 | $0 |
Mary Lou Matthews Secretary | OfficerTrustee | 1 | $0 |
Sam Starks Treasurer | OfficerTrustee | 1 | $0 |
Mark Dobbs Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Irwin Seating Seating | 6/29/20 | $122,525 |
Scott Murphy Daniel Llc Construction | 6/29/20 | $2,902,585 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,161,942 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,170,376 |
| Total Program Service Revenue | $9,970 |
| Investment income | $27,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,600 |
| 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 | $1,217,486 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $282,076 |
| Pension plan accruals and contributions | $67,076 |
| Other employee benefits | $64,003 |
| Payroll taxes | $20,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,352 |
| Office expenses | $11,676 |
| Information technology | $40,992 |
| Royalties | $0 |
| Occupancy | $80,115 |
| 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 | $281,044 |
| Insurance | $12,707 |
| All other expenses | $0 |
| Total functional expenses | $1,091,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,276 |
| Savings and temporary cash investments | $1,336,189 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,937 |
| 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 | $6,880,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $216,112 |
| Total assets | $8,463,866 |
| Accounts payable and accrued expenses | $107,036 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,655,000 |
| 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 | $873,790 |
| Total liabilities | $5,635,826 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,828,040 |
| Total liabilities and net assets/fund balances | $8,463,866 |