Friends Of The Owen County Library Inc
- Assets
- $83.2k
- Revenue
- $1.6k
- Investments
- $72.6k
- Employees
- 0
- Location
- Owenton, KY
- Founding
- 07/1992
- Data as of
- 12/2022
- EIN
- 61-1083046
Organization Overview
Friends Of The Owen County Library Inc is located in Owenton, KY. The organization was established in 1992. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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 The Owen County Library 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 12/2022, Friends Of The Owen County Library Inc generated $1.6k 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 (27.8%) each year. All expenses for the organization totaled $32.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Friends Of The Owen County Library Inc has awarded 191 individual grants totaling $279,441. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE AWARDED TO 22 GRADUATING HIGH SCHOOL SENIORS TO BE USED TO OFFSET THE COST OF HIGHER EDUCATION EXPENSES.
FUNDS ARE USED TO SUPPORT AND ENHANCE THE OWEN COUNTY PUBLIC LIBRARY'S PROGRAMS AND RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maggie Mills Director | 2 | $0 | |
Carol Taylor Secretary | 0 | $0 | |
Sandy Bush Treasurer | 2 | $0 | |
Lana Vannarsdall Director | 0 | $0 | |
Jan Dunavent Director | 2 | $0 | |
Cara Stewart Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $3 |
| Dividends & Interest | $2,666 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,201 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,568 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $101 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $321 |
| Total operating and administrative expenses | $3,210 |
| Contributions, gifts, grants paid | $28,750 |
| Total expenses and disbursements | $31,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,216 |
| Savings and temporary cash investments | $1,404 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $72,607 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $83,227 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Friends Of The Owen County Library Inc has awarded $28,750 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ANNA CHILTON PURPOSE: HIGHER ED SCHOLARSHIP | $2,250 |
DYLAN COBB PURPOSE: HIGHER EDUCATION | $2,250 |
MITCHELL CULBERTSON PURPOSE: HIGHER EDUCATION | $2,250 |
KERRY GLANCY PURPOSE: HIGHER EDUCATION | $2,250 |
SAMANTHA MASON PURPOSE: HIGHER EDUCATION | $2,250 |
MALLORY HARDESTY PURPOSE: HIGHER EDUCATION | $2,250 |