Gafney Library FY2021 filing

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

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 02-0235170) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
76%
of spending
76% of spending went to programs.
Pt IX · Ln 25 · col B
45.5 mo
of spending, in cash
45.5 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
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$857K
+63% vs prior year
Spent
$203K
To programs
76%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$857K
FY2021▲ +63%
Tap a bar for its year
Revenue by fiscal year
FY2020$525K
FY2021$857K
FY2022$415K
FY2023$339K
FY2024$430K
Expenses
$203K
FY2021▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$247K
FY2021$203K
FY2022$223K
FY2023$253K
FY2024$320K
Net assets
$1.5M
FY2021▲ +80%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

76 cents of each dollar spent went to programs.

Program services 76% · $155K Management & general 22% · $44K Fundraising 2% · $4K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Corresponding Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$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 · $155K · in their own filed words · FY2021
01

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

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 02-0235170) · Dispute this line
$135Kprogram expense
02

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

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 02-0235170) · Dispute this line
$17Kprogram expense
03

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

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 02-0235170) · Dispute this line
$3Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$857K
Ln 12
Gifts and grantsLn 1h$853K
Fees for servicesLn 2g$2K
Investment incomeLn 3$1K
Money outPt IX
$203K
Ln 25
Programscol B$155K
Managementcol C$44K
Fundraisingcol D$4K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$770K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$853K
Government grantsLn 1e$180K
Fundraising eventsLn 1c$18K
Fees for servicesLn 2g$2K
Investment incomeLn 3$1K
Total revenueLn 12$857K
Assets in detailPt X, end of year
CashLn 1$770K
Cash and savings togetherLn 1–2$770K
Land, buildings, equipmentLn 10c$669K
Intangible assetsLn 14$10K
Other assetsLn 15$23K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
Net assetsLn 32$1.5M
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 FY21End FY21
Cash and savingsLn 1–2$485K$770K
Land, buildings, equipmentLn 10c$300K$669K
Total assetsLn 16$818K$1.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$818K$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$112K$100K$11K$0
Payroll taxesLn 10$13K$12K$1K$0
Accounting feesLn 11c$12K$2K$10K$0
Other fees for servicesLn 11g$6K$2K$2K$3K
Office expensesLn 13$7K$3K$4K$0
Information technologyLn 14$5K$4K$230$0
OccupancyLn 16$18K$13K$5K$0
Conferences, conventions and meetingsLn 19$487$487$0$0
Depreciation, depletion and amortizationLn 22$2K$0$2K$0
InsuranceLn 23$14K$5K$8K$0
Other expenses (24a–d)Ln 24$15K$13K$0$2K
Total functional expensesLn 25$203K$155K$44K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2021 ViewingFiled 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 FY2021 990
Part I · Summary $856,707 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $520,298$853,057
I-9 Program service revenuePrior year $2,766$2,169
I-10 Investment incomePrior year $2,307$1,481
I-11 Other revenue$0
I-12 Total revenuePrior year $525,371$856,707
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $140,225$124,515
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $106,389$78,558
I-18 Total expensesPrior year $246,614$203,073
I-19 Revenue less expensesPrior year $278,757$653,634
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $856,707 across 7 lines filed
VIII-1c Fundraising events$17,835
VIII-1e Government grants$180,000
VIII-1f All other contributions, gifts and grants$655,222
VIII-1h Total contributions, gifts and grants$853,057
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$2,169
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1,481
VIII-12 Total revenueRelated to mission $3,650 · Unrelated business $0 · Excluded from tax $0$856,707
Part IX · Statement of functional expenses $203,073 across 11 lines filed
IX-6 Pay of disqualified personsPrograms $100,438 · Management $11,160 · Fundraising $0$111,598
IX-10 Payroll taxesPrograms $11,625 · Management $1,292 · Fundraising $0$12,917
IX-11c Accounting feesPrograms $2,106 · Management $10,285 · Fundraising $0$12,391
IX-11g Other fees for servicesPrograms $2,247 · Management $1,698 · Fundraising $2,549$6,494
IX-13 Office expensesPrograms $2,672 · Management $4,009 · Fundraising $0$6,681
IX-14 Information technologyPrograms $4,370 · Management $230 · Fundraising $0$4,600
IX-16 OccupancyPrograms $12,534 · Management $5,023 · Fundraising $0$17,557
IX-19 Conferences, conventions and meetingsPrograms $487 · Management $0 · Fundraising $0$487
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $1,867 · Fundraising $0$1,867
IX-23 InsurancePrograms $5,227 · Management $8,368 · Fundraising $0$13,595
IX-24 Other expenses (24a–d)Programs $13,284 · Management $0 · Fundraising $1,602$14,886
IX-25 Total functional expensesPrograms $154,990 · Management $43,932 · Fundraising $4,151$203,073
Part X · Balance sheet $1,471,243 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $485,317$769,988
X-10c Land, buildings and equipment, netStart of year $299,621$668,584
X-14 Intangible assetsStart of year $10,120$10,120
X-15 Other assetsStart of year $22,551$22,551
X-16 Total assetsStart of year $817,609$1,471,243
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $817,609$1,471,243
X-32 Total net assets or fund balancesStart of year $817,609$1,471,243
X-33 Total liabilities and net assetsStart of year $817,609$1,471,243
Part XI · Reconciliation of net assets $1,471,243 net assets at year end
XI-1 Total revenue$856,707
XI-2 Total expenses$203,073
XI-3 Revenue less expenses$653,634
XI-4 Net assets at start of year$817,609
XI-10 Net assets at end of year$1,471,243

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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