Breckenridge Library And Fine Arts Foundation is located in Breckenridge, TX. The organization was established in 1983. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Breckenridge Library And Fine Arts Foundation 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, Breckenridge Library And Fine Arts Foundation generated $434.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $306.5k during the year ending 12/2021. While expenses have increased by 0.9% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
OPERATION OF PUBLIC LIBRARY, WHICH IS THE ONLY ONE IN BRECKENRIDGE, TEXAS. THIS INCLUDES AMONG OTHER ACTIVITIES, LOANING OF BOOKS AND E-BOOKS, CHILDREN'S SUMMER READING PROGRAMS, AUDIO-TAPED BOOKS, AND CURRENT NEWSPAPER AND PUBLICATIONS.
FINE ARTS FACILITIES--WHICH INCLUDES, AMONG OTHER ACTIVITIES, TRAVELING EXHIBITS FROM THE SMITHSONION INSTITUTE AND OTHERS, ART WORKSHOPS AND SPECIAL WORKSHOPS FOR CHILDREN, AND PERMANENT DISPLAY OF SCULPTURES, PAINTINGS, AND DOLL COLLECTION.
MUSIC--PROVIDES PROGRAMS FOR ALL SCHOOL CHILDREN AT NO COST IN COOPERATION WITH INDEPENDENT SCHOOL DISTRICTS. ALSO PROVIDED TO THE GENERAL PUBLIC AT NO COST.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Clark President | 0 | $0 | |
Barrett Clark Vice Pres. | 0 | $0 | |
Rena Goldsmith Sec/treasurer | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $121,300 |
Interest on Savings | $5,387 |
Dividends & Interest | $106,923 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $108,912 |
Capital Gain Net Income | $108,912 |
Net ST Capital Gain | $1,792 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $92,299 |
Total Revenue | $434,821 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $76,497 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $44,991 |
Depreciation | $41,735 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $142,272 |
Total operating and administrative expenses | $306,470 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $306,470 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $481,722 |
Savings and temporary cash investments | $781,539 |
Net Accounts receivable | $2,081 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $422,799 |
Other assets | $25 |
Total assets | $5,112,282 |
Accounts payable and accrued expenses | -$619 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | -$619 |
Over the last fiscal year, we have identified 1 grants that Breckenridge Library And Fine Arts Foundation has recieved totaling $5,000.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |