Gafney Library FY2022 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, FY2022. 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

FY2022 · 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
20.4 mo
of spending, in cash
20.4 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
$364K
18% of total assets
Liabilities are 18% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$415K
-52% vs prior year
Spent
$223K
To programs
76%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$415K
FY2022▼ -52%
Tap a bar for its year
Revenue by fiscal year
FY2020$525K
FY2021$857K
FY2022$415K
FY2023$339K
FY2024$430K
Expenses
$223K
FY2022▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$247K
FY2021$203K
FY2022$223K
FY2023$253K
FY2024$320K
Net assets
$1.7M
FY2022▲ +13%
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 FY2022 Form 990 · see the original

You’re viewing the FY2022 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% · $168K Management & general 24% · $53K Fundraising 1% · $2K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Corresponding Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$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 · $168K · in their own filed words · FY2022
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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 02-0235170) · Dispute this line
$148Kprogram expense
02

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

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 02-0235170) · Dispute this line
$16Kprogram 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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 02-0235170) · Dispute this line
$4Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$415K
Ln 12
Gifts and grantsLn 1h$408K
Fees for servicesLn 2g$4K
Investment incomeLn 3$3K
Money outPt IX
$223K
Ln 25
Programscol B$168K
Managementcol C$53K
Fundraisingcol D$2K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$378K
Total assetsLn 16$2.0M
LiabilitiesLn 26$364K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$408K
Government grantsLn 1e$190K
Fundraising eventsLn 1c$17K
Fees for servicesLn 2g$4K
Investment incomeLn 3$3K
Total revenueLn 12$415K
Assets in detailPt X, end of year
CashLn 1$378K
Cash and savings togetherLn 1–2$378K
Land, buildings, equipmentLn 10c$1.6M
Intangible assetsLn 14$10K
Other assetsLn 15$23K
Total assetsLn 16$2.0M
LiabilitiesLn 26$364K
Net assetsLn 32$1.7M
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 FY22End FY22
Cash and savingsLn 1–2$770K$378K
Land, buildings, equipmentLn 10c$669K$1.6M
Total assetsLn 16$1.5M$2.0M
LiabilitiesLn 26$0$364K
Net assetsLn 32$1.5M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$119K$107K$12K$0
Payroll taxesLn 10$5K$5K$528$0
Accounting feesLn 11c$17K$3K$13K$0
Other fees for servicesLn 11g$7K$6K$643$0
Office expensesLn 13$8K$4K$4K$0
Information technologyLn 14$9K$9K$0$0
OccupancyLn 16$18K$15K$3K$0
Conferences, conventions and meetingsLn 19$657$657$0$0
Depreciation, depletion and amortizationLn 22$12K$0$12K$0
InsuranceLn 23$11K$4K$7K$0
Other expenses (24a–d)Ln 24$15K$14K$0$2K
Total functional expensesLn 25$223K$168K$53K$2K

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
FY2022 ViewingFiled 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 FY2022 990
Part I · Summary $414,593 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $853,057$407,935
I-9 Program service revenuePrior year $2,169$4,029
I-10 Investment incomePrior year $1,481$2,629
I-11 Other revenue$0
I-12 Total revenuePrior year $856,707$414,593
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $124,515$124,450
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $78,558$98,086
I-18 Total expensesPrior year $203,073$222,536
I-19 Revenue less expensesPrior year $653,634$192,057
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $414,593 across 7 lines filed
VIII-1c Fundraising events$16,913
VIII-1e Government grants$190,000
VIII-1f All other contributions, gifts and grants$201,022
VIII-1h Total contributions, gifts and grants$407,935
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$4,029
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$2,629
VIII-12 Total revenueRelated to mission $6,658 · Unrelated business $0 · Excluded from tax $0$414,593
Part IX · Statement of functional expenses $222,536 across 11 lines filed
IX-6 Pay of disqualified personsPrograms $107,251 · Management $11,917 · Fundraising $0$119,168
IX-10 Payroll taxesPrograms $4,754 · Management $528 · Fundraising $0$5,282
IX-11c Accounting feesPrograms $3,346 · Management $13,384 · Fundraising $0$16,730
IX-11g Other fees for servicesPrograms $6,390 · Management $643 · Fundraising $0$7,033
IX-13 Office expensesPrograms $3,741 · Management $4,184 · Fundraising $0$7,925
IX-14 Information technologyPrograms $9,378 · Management $0 · Fundraising $0$9,378
IX-16 OccupancyPrograms $15,093 · Management $2,847 · Fundraising $0$17,940
IX-19 Conferences, conventions and meetingsPrograms $657 · Management $0 · Fundraising $0$657
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $12,028 · Fundraising $0$12,028
IX-23 InsurancePrograms $3,970 · Management $7,208 · Fundraising $0$11,178
IX-24 Other expenses (24a–d)Programs $13,674 · Management $0 · Fundraising $1,543$15,217
IX-25 Total functional expensesPrograms $168,254 · Management $52,739 · Fundraising $1,543$222,536
Part X · Balance sheet $2,027,400 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $769,988$378,454
X-10c Land, buildings and equipment, netStart of year $668,584$1,616,275
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 $1,471,243$2,027,400
X-23 Secured mortgages and notes payable$364,100
X-26 Total liabilitiesStart of year $0$364,100
X-31 Retained earnings or endowmentStart of year $1,471,243$1,663,300
X-32 Total net assets or fund balancesStart of year $1,471,243$1,663,300
X-33 Total liabilities and net assetsStart of year $1,471,243$2,027,400
Part XI · Reconciliation of net assets $1,663,300 net assets at year end
XI-1 Total revenue$414,593
XI-2 Total expenses$222,536
XI-3 Revenue less expenses$192,057
XI-4 Net assets at start of year$1,471,243
XI-10 Net assets at end of year$1,663,300

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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