Palacios Library Incorporated

Organization Overview

Palacios Library Incorporated is located in Palacios, TX. The organization was established in 1962. As of 12/2023, Palacios Library Incorporated employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palacios Library Incorporated 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, Palacios Library Incorporated generated $125.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $165.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PUBLIC LIBRARY SERVING PALACIOS AND BLESSING TEXAS AND SURROUNDING AREA WITH A POPULATION OF APPROXIMATELY 9200 PEOPLE AND 4000 4500 ACTIVE CARD HOLDERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PUBLIC LIBRARY SERVING PALACIOS AND BLESSING TEXAS AND SURROUNDING AREA WITH A POPULATION OF APPROXIMATELY 9200 PEOPLE AND APPROXIMATELY 4000 4500 ACTIVE CARD HOLDERS


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Board, Officers & Key Employees

Name (title)Compensation
Dale Behnke
President
$0
Cynthia Garrett
Vice-President
$0
Cathy Fiorini
Secretary
$0
Debi Loff
Treasurer
$0
Kay Lawson
Director
$0
Pat Yeager
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$140,680
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$140,680
Total Program Service Revenue$4,704
Investment income $25,066
Tax Exempt Bond Proceeds $0
Royalties $674
Net Rental Income $0
Net Gain/Loss on Asset Sales -$46,130
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $124,994

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