Friends Of The Berryville Library Inc
- Assets
- $1.5m
- Revenue
- $307.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Berryville, AR
- Founding
- Data as of
- 12/2022
- EIN
- 84-4478621
Organization Overview
Friends Of The Berryville Library Inc is located in Berryville, AR. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Berryville 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 12/2022, Friends Of The Berryville Library Inc generated $307.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 61.1% each year . All expenses for the organization totaled $47.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ORGANIZATION SHALL BE: 1. TO MAINTAIN AN ASSOCIATION OF PERSONS INTERESTED IN PROMOTING THE BERRYVILLE LIBRARY AS A VIABLE AND VALUABLE INSTITUION IN THE COMMUNITY; 2. TO SUPPORT AND COOPERATE WITH BERRYVILLE LIBRARY STAFF IN DEVELOPING LIBRARY SERVICES AND FACILITIES FOR THE COMMUNITY; 3. TO FOCUS PUBLIC ATTENTION ON LIBRARY SERVICES, FACILITIES, AND NEEDS, AND TO STIMULATE GIFTS OF MATERIALS AND FUNDS; AND 4. TO WORK TOWARD INCREASING A LONG-TERM FINANCIAL BASE FOR THE BERRYVILLE LIBRARY'S FUTURE NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT AND COOPERATE WITH BERRYVILLE LIBRARY STAFF IN DEVELOPING LIBRARY SERVICES AND FACILITIES TO THE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristy Noble Tesch Board Member | Trustee | 1 | $22,500 |
Calvin Cleaver President | OfficerTrustee | 1 | $0 |
Mike Ellis Secretary | OfficerTrustee | 1 | $0 |
Carol Ann Engskov Board Member | Trustee | 1 | $0 |
Julie Hall Board Member | Trustee | 1 | $0 |
Karen Johnson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,973 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,123 |
| Noncash contributions included in lines 1a–1f | $9,216 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,096 |
| Total Program Service Revenue | $0 |
| Investment income | $3,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,801 |
| Net Income from Fundraising Events | $14,224 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,916 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,342 |
| Office expenses | $778 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $330 |
| All other expenses | $24 |
| Total functional expenses | $47,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,430 |
| Savings and temporary cash investments | $261,441 |
| Pledges and grants receivable | $583,876 |
| 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 | $1,290 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $618,294 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,504,331 |
| Accounts payable and accrued expenses | $3,750 |
| 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 | $3,750 |
| Net assets without donor restrictions | $206,788 |
| Net assets with donor restrictions | $1,293,793 |
| 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 | $1,504,331 |