Gafney Library

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Gafney Library provides library services to the public in the form of books, audio, video, internet and childrens' services.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 15 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $264K a year · 51% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
67% of spending went to programs.
Pt IX · Ln 25 · col B
16.0 mo
of spending, in cash
16.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $14K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$168K
8% of total assets
Liabilities are 8% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$430K
+27% vs prior year
Spent
$320K
To programs
67%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$430K
FY2024▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2020$525K
FY2021$857K
FY2022$415K
FY2023$339K
FY2024$430K
Expenses
$320K
FY2024▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$247K
FY2021$203K
FY2022$223K
FY2023$253K
FY2024$320K
Net assets
$1.9M
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$818K
FY2021$1.5M
FY2022$1.7M
FY2023$1.7M
FY2024$1.9M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1955.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $214K Management & general 33% · $106K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Trustee, Town of Wakefield
$0Pt VII · Sec A
Trustee, Town of Brookfield
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gafney Library executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers public library services including books, media, internet, and children's programs.

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3 programs · $214K · in their own filed words · FY2024
01

Gafney Library provides library services to the public in the form of books, audio, video, internet and childrens services.

$207Kprogram expense
02

Promotes literacy through providing learning opportunities to members of the general public

$6Kprogram expense
03

Provides a testing center for members of the general public to enable them to obtain their GED Certificate

$530program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$14K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$430K
Ln 12
Gifts and grantsLn 1h$424K
Investment incomeLn 3$3K
Fees for servicesLn 2g$3K
Money outPt IX
$320K
Ln 25
Programscol B$214K
Managementcol C$106K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$428K
Total assetsLn 16$2.0M
LiabilitiesLn 26$168K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$424K
Government grantsLn 1e$218K
Fundraising eventsLn 1c$71K
Fees for servicesLn 2g$3K
Investment incomeLn 3$3K
Total revenueLn 12$430K
Assets in detailPt X, end of year
CashLn 1$428K
Cash and savings togetherLn 1–2$428K
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$23K
Total assetsLn 16$2.0M
LiabilitiesLn 26$168K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 514
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$369K$428K
Land, buildings, equipmentLn 10c$1.6M$1.6M
Total assetsLn 16$2.0M$2.0M
LiabilitiesLn 26$264K$168K
Net assetsLn 32$1.7M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$144K$137K$7K$0
Payroll taxesLn 10$11K$11K$556$0
Accounting feesLn 11c$20K$4K$16K$0
Office expensesLn 13$11K$5K$6K$0
Information technologyLn 14$11K$11K$0$0
OccupancyLn 16$18K$15K$3K$0
Travel and entertainment for public officialsLn 18$2K$0$2K$0
InterestLn 20$18K$0$18K$0
Depreciation, depletion and amortizationLn 22$45K$0$45K$0
InsuranceLn 23$13K$8K$4K$0
Other expenses (24a–d)Ln 24$19K$19K$0$0
All other expensesLn 24e$9K$5K$5K$0
Total functional expensesLn 25$320K$214K$106K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Oct 1, 2025 $430K$320K$110K$1.9M 990 PDF
FY2023Filed with the IRS Nov 13, 2024 $339K$253K$86K$1.7M 990 PDF
FY2022Filed with the IRS Jun 8, 2023 $415K$223K$192K$1.7M 990 PDF
FY2021Filed with the IRS Nov 12, 2022 $857K$203K$654K$1.5M 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $525K$247K$279K$818K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $430,246 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $326,161$424,187
I-9 Program service revenuePrior year $9,051$2,894
I-10 Investment incomePrior year $3,397$3,165
I-11 Other revenue$0
I-12 Total revenuePrior year $338,609$430,246
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $107,026$155,228
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $145,604$165,016
I-18 Total expensesPrior year $252,630$320,244
I-19 Revenue less expensesPrior year $85,979$110,002
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $430,246 across 7 lines filed
VIII-1c Fundraising events$71,063
VIII-1e Government grants$218,250
VIII-1f All other contributions, gifts and grants$134,874
VIII-1h Total contributions, gifts and grants$424,187
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$2,894
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$3,165
VIII-12 Total revenueRelated to mission $6,059 · Unrelated business $0 · Excluded from tax $0$430,246
Part IX · Statement of functional expenses $320,244 across 12 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $136,907 · Management $7,205 · Fundraising $0$144,112
IX-10 Payroll taxesPrograms $10,560 · Management $556 · Fundraising $0$11,116
IX-11c Accounting feesPrograms $3,917 · Management $15,669 · Fundraising $0$19,586
IX-13 Office expensesPrograms $4,789 · Management $5,855 · Fundraising $0$10,644
IX-14 Information technologyPrograms $11,475 · Management $0 · Fundraising $0$11,475
IX-16 OccupancyPrograms $14,882 · Management $2,835 · Fundraising $0$17,717
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $1,655 · Fundraising $0$1,655
IX-20 InterestPrograms $0 · Management $18,227 · Fundraising $0$18,227
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $44,946 · Fundraising $0$44,946
IX-23 InsurancePrograms $8,156 · Management $4,391 · Fundraising $0$12,547
IX-24 Other expenses (24a–d)Programs $18,773 · Management $0 · Fundraising $0$18,773
IX-24e All other expensesPrograms $4,723 · Management $4,723 · Fundraising $0$9,446
IX-25 Total functional expensesPrograms $214,182 · Management $106,062 · Fundraising $0$320,244
Part X · Balance sheet $2,026,879 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $369,104$427,553
X-10c Land, buildings and equipment, netStart of year $1,621,722$1,576,776
X-15 Other assetsStart of year $22,551$22,550
X-16 Total assetsStart of year $2,013,377$2,026,879
X-23 Secured mortgages and notes payableStart of year $264,100$164,100
X-25 Other liabilities$3,500
X-26 Total liabilitiesStart of year $264,100$167,600
X-31 Retained earnings or endowmentStart of year $1,749,277$1,859,279
X-32 Total net assets or fund balancesStart of year $1,749,277$1,859,279
X-33 Total liabilities and net assetsStart of year $2,013,377$2,026,879
Part XI · Reconciliation of net assets $1,859,279 net assets at year end
XI-1 Total revenue$430,246
XI-2 Total expenses$320,244
XI-3 Revenue less expenses$110,002
XI-4 Net assets at start of year$1,749,277
XI-10 Net assets at end of year$1,859,279

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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