Fort Smith Public Library
- Assets
- $14.0m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 105
- Location
- Fort Smith, AR
- Founding
- 05/1959
- Data as of
- 12/2023
- EIN
- 71-6014161
Organization Overview
Fort Smith Public Library is located in Fort Smith, AR. The organization was established in 1959. As of 12/2023, Fort Smith Public Library employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Smith Public Library 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, Fort Smith Public Library generated $14.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EQUAL OPPORTUNITY ACCESS TO INFORMATION INCLUDING HIGH INTEREST/HIGH DEMAND BOOKS, MULTIMEDIA MATERIALS, PROGRAMS, EXHIBITS, AND ON-LINE RESOURCES TO MEET THE EDUCATIONAL AND RECREATIONAL NEEDS OF OUR DIVERSE COMMUNITY FOR LIFELONG LEARNING, CULTURAL ENRICHMENT AND INTELLECTUAL STIMULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES LIBRARY SERVICES TO THE RESIDENTS OF FORT SMITH, ARKANSAS AND THE SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Armstrong Trustee | Trustee | 1 | $0 |
Shirley Hartwig Treasurer | OfficerTrustee | 1 | $0 |
Christopher Hooks Trustee | Trustee | 1 | $0 |
Madeline Martinez Trustee | Trustee | 1 | $0 |
Lizzie Sinclair Vice Preside | OfficerTrustee | 1 | $0 |
Andy Smith Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,606,037 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,617,589 |
| Total Program Service Revenue | $3,464,292 |
| Investment income | $5,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $67,981 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,262,833 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,972,788 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $605,121 |
| Payroll taxes | $137,784 |
| 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 | $9,974 |
| Advertising and promotion | $2,792 |
| Office expenses | $11,532 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $461,836 |
| Travel | $4,131 |
| 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 | $266,401 |
| Insurance | $56,712 |
| All other expenses | $22,938 |
| Total functional expenses | $4,009,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,114,282 |
| Savings and temporary cash investments | $109,623 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $542,080 |
| 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 | $735,489 |
| Net Land, buildings, and equipment | $11,157,368 |
| Investments—publicly traded securities | $310,526 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,950 |
| Total assets | $13,993,318 |
| Accounts payable and accrued expenses | $93,385 |
| 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 | $2,151,147 |
| Total liabilities | $2,244,532 |
| 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 | $11,748,786 |
| Total liabilities and net assets/fund balances | $13,993,318 |