Harriett M And William B Folsom Memorial Library A Nonprofit
- Assets
- $49.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brinkley, AR
- Founding
- 06/2005
- Data as of
- 12/2023
- EIN
- 71-0329118
Organization Overview
Harriett M And William B Folsom Memorial Library A Nonprofit is located in Brinkley, AR. The organization was established in 2005. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harriett M And William B Folsom Memorial Library A Nonprofit 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 12/2023, Harriett M And William B Folsom Memorial Library A Nonprofit generated $23.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $22.4k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
TO EDUCATE PEOPLE IN MONROE CO ARKANSAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Baxter Sharp III Trustee | 2 | $0 | |
Willard Hunt Trustee | 2 | $0 | |
Betty Martin Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,444 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8,302 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $23,746 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,972 |
| Professional fees and other payments to independent contractors | $200 |
| Occupancy, rent, utilities, and maintenance | $4,775 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,475 |
| Total expenses | $22,422 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,382 |
| Other assets | $0 |
| Total assets | $49,382 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,382 |