Southeast Oklahoma Library System
- Assets
- $15.8m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 79
- Location
- McAlester, OK
- Founding
- 03/1990
- Data as of
- 06/2024
- EIN
- 73-0772089
Organization Overview
Southeast Oklahoma Library System is located in McAlester, OK. The organization was established in 1990. As of 06/2024, Southeast Oklahoma Library System employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Oklahoma Library System 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 06/2024, Southeast Oklahoma Library System generated $7.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $5.6m during the year ending 06/2024. While expenses have increased by 2.9% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INFORMATION, RECREATIONAL, EDUCATIONAL, AND CULTURAL RESOURCES TO A SEVEN COUNTY AREA OF SOUTHEASTERN OKLAHOMA THROUGH A REGIONAL LIBRARY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASED, PROCESSED, AND LOANED BOOKS AND OTHER INFORMATIONAL AND RECREATIONAL MATERIALS AND ON-LINE RESOURCES. THERE WERE A TOTAL OF 604,092 LOANS OF MATERIALS TO OUR BORROWERS.
WE PROVIDED PUBLIC USE OF COMPUTERS AND ACCESS TO THE INTERNET VIA WI-FI. THERE WERE 200,353 WI-FI SESSIONS ON 4,488 DEVICES DURING THE FISCAL YEAR. THERE WERE 83,279 PUBLIC COMPUTER SESSIONS ON OUR COMPUTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hull Executive Dir. | OfficerTrustee | 40 | $0 |
Martha Gann Chairman | OfficerTrustee | 5 | $0 |
Jason Armstrong Director | OfficerTrustee | 5 | $0 |
David Beall Treasurer | OfficerTrustee | 5 | $0 |
Kim Corley Director | OfficerTrustee | 5 | $0 |
Donna Carolan Director | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $86,354 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,161,548 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,247,902 |
| Total Program Service Revenue | $6,487,117 |
| Investment income | $164,027 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,899,046 |
| 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 | $2,678,040 |
| Pension plan accruals and contributions | $358,300 |
| Other employee benefits | $430,949 |
| Payroll taxes | $235,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,433 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,968 |
| Office expenses | $0 |
| Information technology | $290,800 |
| Royalties | $0 |
| Occupancy | $49,641 |
| Travel | $90,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,111 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,224 |
| Insurance | $48,432 |
| All other expenses | $210,355 |
| Total functional expenses | $5,617,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,494,966 |
| Savings and temporary cash investments | $2,534,842 |
| Pledges and grants receivable | $4,816,797 |
| Accounts receivable, net | $236,392 |
| 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 | $102,838 |
| Net Land, buildings, and equipment | $3,510,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,549 |
| Total assets | $15,757,587 |
| Accounts payable and accrued expenses | $78,862 |
| 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 | $243,665 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $368,499 |
| Total liabilities | $691,026 |
| Net assets without donor restrictions | $12,964,321 |
| Net assets with donor restrictions | $2,102,240 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $15,757,587 |