Friends Of The Library Of Rio Rancho Inc
- Assets
- $166.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rio Rancho, NM
- Founding
- 05/1983
- Data as of
- 06/2023
- EIN
- 85-0307889
Organization Overview
Friends Of The Library Of Rio Rancho Inc is located in Rio Rancho, NM. The organization was established in 1983. 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. Friends Of The Library Of Rio Rancho 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 06/2023, Friends Of The Library Of Rio Rancho Inc generated $105.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $89.2k during the year ending 06/2023. While expenses have increased by 10.8% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Taylor Secretary | 10 | $0 | |
Bruce Goodman Assistant Treasurer | 15 | $0 | |
Margie Schuchardt Assistant Treasurer | 25 | $0 | |
Joe Driear Treasurer | 20 | $0 | |
Mary Roskom Director | 10 | $0 | |
Angela Adams Vice President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,516 |
| Total Program Service Revenue | $93,534 |
| Membership dues | $2,851 |
| Investment income | $1,785 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $105,686 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $2,307 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,870 |
| Occupancy, rent, utilities, and maintenance | $29,333 |
| Printing, publications, postage, and shipping | $1,235 |
| Other expenses | $53,492 |
| Total expenses | $89,237 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $166,285 |
| Other assets | $0 |
| Total assets | $166,285 |
| Total liabilities | $0 |
| Net assets or fund balances | $166,285 |