Library Club Of Menard Inc
- Assets
- $923.5k
- Revenue
- $67.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Menard, TX
- Founding
- 09/1980
- Data as of
- 09/2021
- EIN
- 75-6049150
Organization Overview
Library Club Of Menard Inc is located in Menard, 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 09/2021, Library Club Of Menard Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Library Club Of Menard 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 09/2021, Library Club Of Menard Inc generated $67.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $64.5k during the year ending 09/2021. While expenses have increased by 4.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN, OPERATE AND MAINTAIN A PUBLIC LIBRARY AND ALL FACILITIES NECESSARY OR APPROPRIATE THERETO TO SERVICE THE NEEDS OF PEOPLE IN AND AROUND MENARD, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER THE PAST YEARS THE LIBRARY HAS CIRCULATED OVER 9,000 BOOKS A YEAR AND IS OPEN TO THE PUBLIC BETWEEN 1500 AND 1600 HOURS A YEAR. THE LIBRARY ALSO PROVIDES INTERNET ACCESS TO THE PUBLIC AND OUTBOUND SERVICES TO THOSE WHO CAN'T TRAVEL TO THE LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cunthia Kelly President | OfficerTrustee | 3 | $0 |
Louise Jennings Vice President | OfficerTrustee | 3 | $0 |
Kathryn Mews Treasurer | OfficerTrustee | 5 | $0 |
Sally Callan Secretary | OfficerTrustee | 3 | $0 |
Paige Wright Director | Trustee | 2 | $0 |
Cindy Feather Director | Trustee | 2 | $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 | $9,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,716 |
| Total Program Service Revenue | $400 |
| Investment income | $20,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,173 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,266 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,227 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,465 |
| Travel | $125 |
| 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 | $22,243 |
| Insurance | $9,068 |
| All other expenses | $1,848 |
| Total functional expenses | $64,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,958 |
| Savings and temporary cash investments | $0 |
| 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 | $514,750 |
| Investments—publicly traded securities | $205,660 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,086 |
| Total assets | $923,454 |
| Accounts payable and accrued expenses | $233 |
| 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 | $0 |
| Total liabilities | $233 |
| Net assets without donor restrictions | $822,553 |
| Net assets with donor restrictions | $100,668 |
| 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 | $923,454 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Library Club Of Menard Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
San Angelo Area Foundation San Angelo, TX PURPOSE: HUMAN SERVICES | $5,000 |
Endowment Analysis
| Beg. Balance | $82,416 |
| Earnings | $16,671 |
| Ending Balance | $99,087 |
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 |