Round Top Library Association Inc
- Assets
- $2.2m
- Revenue
- $360.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Round Top, TX
- Founding
- 10/1999
- Data as of
- 12/2023
- EIN
- 74-2915181
Organization Overview
Round Top Library Association Inc is located in Round Top, TX. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2023, Round Top Library Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Round Top 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 12/2023, Round Top Library Association Inc generated $360.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $352.9k during the year ending 12/2023. While expenses have increased by 11.6% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ROUND TOP FAMILY LIBRARY SHALL BE AN OPEN ACCESSIBLE INSTITUTION PROVIDING INFORMATION THAT ENLIGHTENS AND ENRICHES THE COMMUNITY BY PRESERVING RURAL CULTURE, CHARACTER AND QUALITY OF LIFE IN A CLIMATE THAT ENCOURAGES SELF-EXPRESSION, STIMULATES THE JOY OF READING, CULTIVATES THE APPRECIATION OF BEAUTY AND INSPIRES THE SEARCH FOR KNOWLEDGE. THE LIBRARY SHALL MAKE ITS COLLECTIONS AND FACILITIES ACCESIBLE TO THE COMMUNITY IN ORDER TO SUPPORT THE ENJOYMENT AND EDIFICATION OF ALL AREA CITIZENS REGARDLESS OF AGE, CULTURAL BACKGROUND OR EDUCATION. THE LIBRARY SHALL BE A RESOURCE FOR LOCAL SCHOOLS AND NON-PROFIT ORGANIZATIONS IN ADDITION TO THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A GENERAL LENDING LIBRARY, THE ROUND TOP FAMILY LIBRARY, AND TO PRESENT EDUCATIONAL AND ENRICHMENT ACTIVITIES FOR CHILDREN AND ADULTS. 5,000 HOMES IN FAYETTE, LEE, AND WASHINGTON COUNTIES, TEXAS ARE SERVED. THE LIBRARY SERVES APPROXIMATELY 1,500 PATRONS PER MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Ellis Past President | OfficerTrustee | 4 | $0 |
Julie Wantland President | OfficerTrustee | 4 | $0 |
Jenn Diehl Broadbent Vice-President | OfficerTrustee | 4 | $0 |
Vicki Larue Vice-President | OfficerTrustee | 4 | $0 |
Gary Russell Treasurer | OfficerTrustee | 4 | $0 |
Kathy Young Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $107,416 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,926 |
| Total Program Service Revenue | $24,471 |
| Investment income | $26,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,716 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,730 |
| Net Income from Gaming Activities | $31,967 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $360,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| 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 | $148,554 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,110 |
| Payroll taxes | $11,156 |
| Fees for services: Management | $136 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,950 |
| Office expenses | $446 |
| Information technology | $14,304 |
| Royalties | $0 |
| Occupancy | $51,450 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,040 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,957 |
| Insurance | $3,416 |
| All other expenses | $0 |
| Total functional expenses | $352,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,709 |
| Savings and temporary cash investments | $690,292 |
| 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 | $1,263,129 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,771 |
| Other assets | $0 |
| Total assets | $2,182,901 |
| 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 | $2,687 |
| Total liabilities | $2,687 |
| Net assets without donor restrictions | $1,846,514 |
| Net assets with donor restrictions | $333,700 |
| 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 | $2,182,901 |
Grants Awarded
Over the last fiscal year, Round Top Library Association Inc has awarded $30,600 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND CHANCE EMPORIUM PURPOSE: DISASTER RELEIF FOLLOWING HURRICANE HARVEY. | $5,100 |
AMEN FOOD PANTRY PURPOSE: DISASTER RELIEF FOLLOWING HURRICANE HARVEY | $5,100 |
LA GRANGE AREA DISASTER RELIEF TEAM PURPOSE: DISASTER RELIEF FOLLOWING HURRICANE HARVEY | $5,100 |
SECOND CHANCE EMPORIUM PURPOSE: DISASTER RELEIF FOLLOWING HURRICANE HARVEY. | $5,100 |
AMEN FOOD PANTRY PURPOSE: DISASTER RELIEF FOLLOWING HURRICANE HARVEY | $5,100 |
LA GRANGE AREA DISASTER RELIEF TEAM PURPOSE: DISASTER RELIEF FOLLOWING HURRICANE HARVEY | $5,100 |