Blanco Library Inc
- Assets
- $1.4m
- Revenue
- $25.1k
- Investments
- $410.7k
- Employees
- 0
- Location
- Blanco, TX
- Founding
- 07/1990
- Data as of
- 12/2021
- EIN
- 74-1900287
Organization Overview
Blanco Library Inc is located in Blanco, TX. The organization was established in 1990. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blanco 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, Blanco Library Inc generated $25.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $35.0k during the year ending 12/2021. 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 SUPPORT THE PUBLIC LIBRARY IN BLANCO TEXAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON JULY 1 ,2002 BLANCO LIBRARY, INC TRANSFERRED ITS OPERATING ASSETS TO BLANCO COUNTY SOUTH LIBRARY DISTRICT. A GOVERNMENTAL ENTITY- LIBRARY SALES TAX DISTRICT BLANCO LIBRARY, INC RETAINED THE LAND AND BUILDING WHICH HOUSES THE LIBRARY AS WELL AS THE TEMPORARY CASH INVESTMENTS. BLANCO LIBRARY, INC IS AN ALL VOLUNTEER ORGANIZATION AND HAS DEDICATED ALL ITS INCOME FROM INVESTMENTS AND CONTRIBUTIONS TO SUPPORT BLANCO COUNTY SOUTH LIBRARY DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Clewell President | OfficerTrustee | 1 | $0 |
Rhonda Norville Investment/audit Officer | OfficerTrustee | 1 | $0 |
Lois Vance Treasurer | OfficerTrustee | 5 | $0 |
Mary Jane Fletcher Secretary | OfficerTrustee | 1 | $0 |
Sandy Switzer Vice- President | OfficerTrustee | 1 | $0 |
Carolyn Geiler Member At Large | Trustee | 1 | $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 | $7,704 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,704 |
| Total Program Service Revenue | $0 |
| Investment income | $13,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,313 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,247 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $609 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $25,475 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $35,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $86,138 |
| 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 | $700,952 |
| Investments—publicly traded securities | $174,821 |
| Investments—other securities | $410,681 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,372,592 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $962,105 |
| Net assets with donor restrictions | $410,487 |
| 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 | $1,372,592 |
Grants Awarded
Over the last fiscal year, Blanco Library Inc has awarded $4,147 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BLANCO COUNTY LIBRARY SOUTH DISTRICT PURPOSE: Support of Public Library | $3,147 |
FRIENDS OF BLANCO LIBRARY PURPOSE: Support of Public Library | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Blanco Library Inc has recieved totaling $91.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $91 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Academy Of Medicine Houston, TX | $57,192,263 | $9,726,228 |
Rosenberg Library Association Galveston, TX | $38,547,435 | $5,322,146 |
Texas Rangers Baseball Foundation Arlington, TX | $31,952,885 | $4,231,744 |
Texas Library Association Austin, TX | $3,885,906 | $2,023,532 |
Nicholas P Sims Library And Lyceum Waxahachie, TX | $6,016,321 | $1,456,902 |
T L L Temple Memorial Library & Archives Diboll, TX | $4,162,289 | $853,055 |
Jal Public Library Fund Jal, NM | $27,094,564 | $3,040,405 |
Mid-Continent Geological Library Inc Edmond, OK | $1,595,859 | $293,509 |
Bexar County Medical Library Association San Antonio, TX | $5,494,674 | $707,549 |
Baxter County Public Library Foundation Mountain Home, AR | $16,285,852 | $1,717,999 |
American Genre Film Archive Austin, TX | $685,865 | $713,340 |
El Progreso Library Uvalde, TX | $3,587,670 | $688,861 |