Mart Library Association Inc
- Assets
- $562.5k
- Revenue
- $45.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Mart, TX
- Founding
- 11/1980
- Data as of
- 06/2022
- EIN
- 74-2151630
Organization Overview
Mart Library Association Inc, operating under the name Nancy Nail Memorial Library, is located in Mart, TX. The organization was established in 1980. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2022, Nancy Nail Memorial Library employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nancy Nail Memorial 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 06/2022, Nancy Nail Memorial Library generated $45.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $158.4k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LITERARY MATERIALS FOR PUBLIC EDUCATION AND RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PUBLIC ACCESS TO LITERARY MATERIALS FOR EDUCATIONAL, ENTERTAINMENT AND RESEARCH PURPOSES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norma Thronburg Vice Chairman | Officer | 1 | $0 |
Verna Lastrapes Chairman | Officer | 1 | $0 |
Bonnie Akins Member | 1 | $0 | |
Susie Witt Member | 1 | $0 | |
Lowell Brown Member | 1 | $0 | |
Vickie Gibbs Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $45,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $200 |
| 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 | $25,068 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $160 |
| Office expenses | $2,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,016 |
| 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 | $9,107 |
| Insurance | $4,192 |
| All other expenses | $0 |
| Total functional expenses | $158,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202 |
| Savings and temporary cash investments | $11,787 |
| 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 | $8,062 |
| Investments—publicly traded securities | $542,464 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $562,515 |
| 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 | $1,570 |
| Total liabilities | $1,570 |
| Net assets without donor restrictions | $560,945 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $562,515 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mart Library Association Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Mildred Dulaney Foundation Las Vegas, NV PURPOSE: OPERATIONS,UPDATE & REPLACE EQUIPMENT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George W Bush Foundation Dallas, TX | $628,846,419 | $37,657,859 |
Pioneer Library System Norman, OK | $5,931,448 | $15,507,691 |
Amigos Library Services Addison, TX | $13,779,793 | $13,572,299 |
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 |