Lake Whitney Public Library Foundation Inc
- Assets
- $1.2m
- Revenue
- $17.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Whitney, TX
- Founding
- 07/1988
- Data as of
- 09/2016
- EIN
- 74-2493627
Organization Overview
Lake Whitney Public Library Foundation Inc is located in Whitney, TX. The organization was established in 1988. 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. Lake Whitney Public Library Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FACILITIES AND FURNISHINGS FOR THE WHITNEY TEXAS PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTING & FURNISHING PUBLIC LIBRARY TO BE MAINTAINED AND OPERATED BY THE BY THE CITY OF WHITNEY FOR THE RESIDENTS OF THE CITY AND SURROUNDING AREAS. FURNISHING BOOKS AND OTHER ITEMS FOR THE USE OF THE LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Maddux Chairman & Director | OfficerTrustee | 0.5 | $0 |
Bruce Martin Vice-Chairman & Director | OfficerTrustee | 0.25 | $0 |
Melanie Button Secretary & Director | OfficerTrustee | 0.25 | $0 |
Linda Wilmarth Treasurer & Director | OfficerTrustee | 0.25 | $0 |
Pat Small Director | Trustee | 0.25 | $0 |
Madaline Newstrom Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,053 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,039 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,092 |
| Statement of Expenses | |
|---|---|
| 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 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 | $665 |
| 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 | $139 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $739 |
| 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 | $0 |
| Insurance | $550 |
| All other expenses | $0 |
| Total functional expenses | $7,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $116,816 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,165,722 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,048,906 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,165,722 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Whitney Public Library Foundation Inc has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: SOCIAL SERVICES/SOCIAL BENEFITS | $150,000 |
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 |