South Montgomery County Friends Of The Library Inc
- Assets
- $233.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- The Woodlands, TX
- Founding
- 12/1989
- Data as of
- 12/2023
- EIN
- 76-0287561
Organization Overview
South Montgomery County Friends Of The Library Inc is located in The Woodlands, TX. The organization was established in 1989. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Montgomery County Friends Of The Library 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, South Montgomery County Friends Of The Library Inc generated $145.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $165.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MISSION IS DEDICATED TO CREATING AWARENESS IN THE COMMUNITY OF THE SPECIFIC NEEDS OF MONTGOMERY COUNTY SOUTH REGIONAL LIBRARY AND THE GEORGE AND CYNTHIA WOODS MITCHELL LIBRARIES AND THEIR FUNCTION AS CULTURAL AND EDUCATIONAL ASSETS TO SOUTH MONTGOMERY COUNTY.
Describe the Organization's Program Activity:
Part 3
SOUTH MONTGOMERY COUNTY FRIENDS OF THE LIBRARY MAKE FINANCIAL CONTRIBUTIONS THAT ALLOWS THE LIBRARIES TO OFFER PROGRAMS AND PURCHASE NEW BOOKS, EQUIPMENT AND OTHER RESOURCES BEYOND THE COUNTY BUDGET.
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Win Mccann At Large | 10 | $0 | |
Niraj Shah Website Manager | 10 | $0 | |
Mary Jo Sgro Hospitality | 10 | $0 | |
Brenda Mayer Amazon Sales | 10 | $0 | |
Janice Raney President | 10 | $0 | |
Debra Karl Vice President South | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,684 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,515 |
| Investment income | $3,802 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $135,398 |
| Total Revenue | $145,399 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $105 |
| Occupancy, rent, utilities, and maintenance | $3,946 |
| Printing, publications, postage, and shipping | $4,681 |
| Other expenses | $156,366 |
| Total expenses | $165,098 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $233,228 |
| Other assets | $0 |
| Total assets | $233,228 |
| Total liabilities | $878 |
| Net assets or fund balances | $232,350 |