Harriett M And William B Folsom Memorial Library A Nonprofit
- Assets
- $22.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brinkley, AR
- Founding
- 06/2005
- Data as of
- 12/2021
- 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 12/2021, Harriett M And William B Folsom Memorial Library A Nonprofit generated $18.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $17.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 6 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
2021
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 | 0 | $0 | |
Willard Hunt Trustee | 0 | $0 | |
Betty Martin Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,190 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,410 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,600 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,028 |
| Professional fees and other payments to independent contractors | $100 |
| Occupancy, rent, utilities, and maintenance | $3,471 |
| Printing, publications, postage, and shipping | $346 |
| Other expenses | $2,967 |
| Total expenses | $17,912 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,257 |
| Other assets | $0 |
| Total assets | $22,257 |
| Total liabilities | $0 |
| Net assets or fund balances | $22,257 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Harriett M And William B Folsom Memorial Library A Nonprofit has recieved totaling $8,076.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GENERAL OPERATING SUPPORT | $4,038 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GENERAL OPERATING SUPPORT FOR THE FOLSOM LIBRARY IN BRINKLEY | $4,038 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of North Louisiana Shreveport, LA | $154,534,783 | $16,289,106 |
Wichita Falls Area Community Foundation Wichita Falls, TX | $80,507,148 | $8,576,098 |
Truman Heartland Community Foundation Independence, MO | $85,851,190 | $25,771,089 |
Waco Foundation Waco, TX | $115,989,579 | $8,908,496 |
The Community Foundation Of The Texas Hill Country Inc Kerrville, TX | $41,950,471 | $11,850,812 |
Community Foundation Of Northwest Mississippi Inc Hernando, MS | $38,392,407 | $12,270,010 |
Roman Catholic Foundation Of Eastern Missouri St Louis, MO | $73,816,799 | $11,210,436 |
Gulf Coast Community Foundation Inc Gulfport, MS | $35,964,703 | $3,389,932 |
Community Foundation Of West Texas Lubbock, TX | $69,554,926 | $8,377,445 |
Notley Fund Austin, TX | $2,525,162 | $4,464,040 |
The Greater Pinebelt Community Foundation Hattiesburg, MS | $25,456,911 | $10,495,358 |
Enid Community Foundation For Excellence Enid, OK | $32,321,752 | $9,292,511 |