Library Collective
- Assets
- $0.0
- Revenue
- $42.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 06/2017
- Data as of
- 07/2021
- EIN
- 82-1618685
Organization Overview
Library Collective is located in Knoxville, TN. The organization was established in 2017. 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. Library Collective 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 07/2021, Library Collective generated $42.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (25.1%) each year. All expenses for the organization totaled $92.8k during the year ending 07/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY COLLECTIVE PROVIDES OPPORTUNITIES TO LEARN, NETWORK, AND KICKSTART NEW IDEAS AMONG NEXT-GENERATION LIBRARIANS, LIBRARY WORKERS, AND LIBRARY STAKEHOLDERS. AT THE END OF THE FISCAL YEAR, THE LIBRARY COLLECTIVE REINCORPORATED AS A PUBLIC CHARITY USING THE SAME NAME; ALL ASSETS WERE TRANSFERRED TO THE NEW ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Halaychik President | 15 | $0 | |
Christine Reynolds Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,602 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,557 |
| Total Revenue | $42,159 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $2,050 |
| Travel, conferences, and meetings | $1,787 |
| Printing and publications | $0 |
| Other expenses | $20,142 |
| Total operating and administrative expenses | $26,912 |
| Contributions, gifts, grants paid | $65,912 |
| Total expenses and disbursements | $92,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Library Collective has awarded $65,912 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRACTURED ATLAS PURPOSE: SUPPORT FOR LIBRARIAN PROGRAMS | $34,271 |
THE LIBRARY COLLECTIVE PURPOSE: INNOVATION EDUCATION FOR LIBRARY WORKERS. SUCCESSOR ORG PUBLIC CHARITY CASH AND EQUIPMENT. | $31,641 |