Mcgregor Library Association Inc
- Assets
- $407.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mc Gregor, TX
- Founding
- 12/1986
- Data as of
- 12/2022
- EIN
- 74-2419395
Organization Overview
Mcgregor Library Association Inc is located in Mc Gregor, TX. The organization was established in 1986. 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. Mcgregor Library Association 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 12/2022, Mcgregor Library Association Inc generated $112.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $39.1k during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Kirk Director Board President | 0.1 | $0 | |
Heidi Foster Director Board Secretary | 0.1 | $0 | |
Melisa Hudson Director Board Treasurer | 1.25 | $0 | |
Teresa Sneed Director | 0.1 | $0 | |
Melissa Houchin Director | 0.1 | $0 | |
M Catehrine Williams Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,419 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,159 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $112,578 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,377 |
| Professional fees and other payments to independent contractors | $1,874 |
| Occupancy, rent, utilities, and maintenance | $1,604 |
| Printing, publications, postage, and shipping | $884 |
| Other expenses | $15,315 |
| Total expenses | $39,054 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $407,820 |
| Other assets | $0 |
| Total assets | $407,820 |
| Total liabilities | $0 |
| Net assets or fund balances | $407,820 |