Fairfield Bay Library Inc
- Assets
- $806.5k
- Revenue
- $88.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Fairfield Bay, AR
- Founding
- 03/1992
- Data as of
- 12/2021
- EIN
- 71-0592888
Organization Overview
Fairfield Bay Library Inc is located in Fairfield Bay, AR. The organization was established in 1992. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield Bay 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 12/2021, Fairfield Bay Library Inc generated $88.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $83.6k during the year ending 12/2021. While expenses have increased by 1.3% 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
TO PROVIDE LIBRARY SERVICES TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIRFIELD BAY LIBRARY IS PRIVATELY OWNED AND OPERATED PRIMARILY BY VOLUNTEERS. WE HAVE ONE FULL TIME PAID EMPLOYEE, THE LIBRARY DIRECTOR. THE BOOK INVENTORY IS ABOUT 18000 AUGMENTED WITH A SUBSTANTIAL COLLECTION OF CDS AND DVDS AND E-BOOK AVAILABILITY. MONTHLY BOOK CHECKOUTS AND RENEWALS AVERAGE 1500 WITH MOVIES AND AUDIO BOOKS ABOUT 350. E-BOOK CHECKOUTS AVERAGE ABOUT 500 PER MONTH. WE CURRENTLY HAVE ISSUED APPROXIMATELY 1000 PERMANENT LIBRARY CARDS AND 1000 TEMPORARY CARDS. THE MONTHLY AVERAGE NUMBER OF PATRONS SERVED IS ABOUT 1000 ADULTS AND 300 CHILDREN. WHILE ANYONE IS WELCOME TO BROWSE THE LIBRARY AND USE THE FREE INTERNET SERVICE, WE DO HAVE A NOMINAL CHARGE FOR A LIBRARY CARD TO CHECK OUT MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Tangen Director | Officer | 35 | $35,900 |
Georgia Peifer Secretary | Trustee | 5 | $0 |
Doris Wilkinson President | Trustee | 10 | $0 |
Vonda Welke Treasurer | Trustee | 5 | $0 |
Don Rehm Board Member | Trustee | 10 | $0 |
Nancy Mueller Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,968 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,951 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,855 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,774 |
| Total Program Service Revenue | $4,985 |
| Investment income | $13,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,520 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,993 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,271 |
| 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. | $32,900 |
| Compensation of current officers, directors, key employees. | $8,225 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,000 |
| Payroll taxes | $2,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $59 |
| Office expenses | $3,768 |
| Information technology | $1,022 |
| Royalties | $0 |
| Occupancy | $17,365 |
| 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 | $5,496 |
| Insurance | $3,758 |
| All other expenses | $0 |
| Total functional expenses | $83,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,342 |
| Savings and temporary cash investments | $501,026 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $286,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $806,464 |
| Accounts payable and accrued expenses | $862 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $862 |
| 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 | $805,602 |
| Total liabilities and net assets/fund balances | $806,464 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fairfield Bay Library Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Brinkley Foundation Memphis, TN PURPOSE: CHARITABLE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South County Football League The Woodlands, TX | $469,758 | $269,237 |
Henri Nouwen Society Saint Louis, MO | $332,942 | $294,564 |
Marion Community Library Association Marion, TX | $86,609 | $0 |
Sulphur Springs Texas Friends Of The Library Inc Sulphur Springs, TX | $1,262,029 | $51,557 |
Fairfield Bay Library Inc Fairfield Bay, AR | $806,464 | $88,271 |