Thomas Balch Library Endowment Foundation

Organization Overview

Thomas Balch Library Endowment Foundation is located in Leesburg, VA. The organization was established in 2019. 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. Thomas Balch Library Endowment 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 12/2022, Thomas Balch Library Endowment Foundation generated $64.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $30.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ESTABLISHED TO SUPPORT THE THOMAS BALCH LIBRARY IN LEESBURG, VIRGINIA. AT THE BOARD'S DISCRETION MAY PROVIDE FINANCIAL SUPPORT TO EXPANSION OF THE LIBARARY PROGRAMS, PROVIDE GRANTS TO EDUCATION, RESEARCHERS AND SPEAKERS, AND PROVIDE FOR PURCHASES AND REPAIRS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ESTABLISHED TO SUPPORT THE THOMAS BALCH LIBRARY IN LEESBURG, VIRGINIA. AT THE BOARD'S DISCRETION MAY PROVIDE FINANCIAL SUPPORT TO EXPANSION OF THE LIBARARY PROGRAMS, PROVIDE GRANTS TO EDUCATION, RESEARCHERS AND SPEAKERS, AND PROVIDE FOR PURCHASES AND REPAIRS.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas D Horne
President
$0
Alexandra S Gressitt
Secretary-Tr
$0
James H Hershman Jr
Director
$0
Keith C Troxell
Director
$0
Ronald A Rust
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$33,019
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$33,019
Total Program Service Revenue$0
Investment income $22,541
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $9,250
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $64,810

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