Simpson County Library District
- Assets
- $8.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Franklin, KY
- Founding
- 11/1947
- Data as of
- 06/2021
- 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 06/2021, Simpson County Library District employed 10 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 06/2021, Simpson County Library District generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 9.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 |
|---|---|---|---|
Commie Jo Hall Chairman | OfficerTrustee | 1 | $0 |
Sam Starks Vice Chairman | OfficerTrustee | 1 | $0 |
Mary Lou Matthews Secretary | OfficerTrustee | 1 | $0 |
Bobby Bush Treasurer | OfficerTrustee | 1 | $0 |
Sarah Wakefield 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 |
Irwin Seating Seating | 6/29/20 | $122,525 |
Scott Murphy Daniel Llc Construction | 6/29/20 | $2,902,585 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,048,659 |
| Investment income | $2,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,740 |
| 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 | $1,064,264 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $244,165 |
| Pension plan accruals and contributions | $129,444 |
| Other employee benefits | $50,733 |
| Payroll taxes | $18,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,380 |
| Office expenses | $6,412 |
| Information technology | $36,455 |
| Royalties | $0 |
| Occupancy | $75,006 |
| 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 | $278,147 |
| Insurance | $28,948 |
| All other expenses | $0 |
| Total functional expenses | $1,082,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,037 |
| Savings and temporary cash investments | $866,485 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,591 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $204,611 |
| Total assets | $8,465,490 |
| Accounts payable and accrued expenses | $97,621 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,875,000 |
| 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 | $836,411 |
| Total liabilities | $5,809,032 |
| 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 |
| Total liabilities and net assets/fund balances | $2,656,458 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Reuben Mcmillan Free Library Association Youngstown, OH | $89,698,038 | $21,065,303 |
Newberry Library Chicago, IL | $102,026,436 | $14,465,930 |
Greene County Public Library Xenia, OH | $9,776,484 | $13,108,130 |
Lake County Public Library Merrillville, IN | $39,933,908 | $12,781,082 |
Elyria Public Library Elyria, OH | $12,392,667 | $6,063,469 |
Ohionet Westerville, OH | $9,473,014 | $8,653,205 |
Ohio Governors Imagination Library Beavercreek, OH | $8,059,955 | $11,938,530 |
Mobius Columbia, MO | $4,062,831 | $7,262,645 |
Cabell County Public Library Huntington, WV | $12,674,770 | $6,152,653 |
Community Resource Center Inc Centralia, IL | $6,773,469 | $4,197,743 |
William A And Margaretta Taylor Memorial Association Cuyahoga Falls, OH | $3,121,756 | $3,087,926 |
Library Association Of Sandusky Ohio Sandusky, OH | $8,164,601 | $4,150,865 |