Gardner Library Tr EIN 16-6544844

Gardner Library Tr

EIN  16-6544844 Supporting organization Burlington, NC
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Funds public libraries in Alamance County.
Leadership
Susana Goldman · Trustee
Money in and out
$41K revenue, $52K expenses
Bottom line
-26% net inflow

Funds public libraries in Alamance County. For fiscal year 2024 it reported $41K in revenue, $52K in expenses, and $1.1M in net assets.Pt I

Money in and out · FY2024
Total revenue
$41K
Pt VIII · Ln 12
Total expenses
$52K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$11K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Net inflow
-26%
revenue over expenses, this year▲ +64% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
77%
of expenses reach stated programs▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$41K
FY2024▲ +38%
Expenses
$52K
FY2024▲ +1%
Total assets
$1.1M
FY2024▲ +4%
Total liabilities
$0
FY2024
Total revenue
$41K
Pt VIII · Ln 12
Total expenses
$52K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$11K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $40K of program spending, described in the organization's own filed words · FY2024.
01

Library grant to the alamance county public libraries for the purchase of books, materials, equipment and to otherwise further the general functions and purposes of the library.

$40Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGardner Library Tr
EINHdr · item D16-6544844
Principal addressHdr · item CBurlington, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFJan 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Gardner Library Tr executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$41K
Total revenueLn 12$41K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$40K
Management & general23%$12K
Total functional expensesLn 25$52K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$1.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.1M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $52K
243.4 months
Where the money goes
Program services
Program services $40K · Total expenses $52K
77%
Management & General
Management & general $12K · Total expenses $52K
23%
Fundraising
Fundraising $0 · Total expenses $52K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $41K
0%
Government reliance
Government grants — · Total revenue $41K
Earned-income share
Program service revenue $0 · Total revenue $41K
0%
Investment reliance
Investment income $41K · Total revenue $41K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $52K
0%
Growth & trend
Revenue growth (YoY)
This year $41K · Prior year $30K
+38%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $41K · Expenses $52K
-26%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
100%
People & payroll
Highest Reported Total Compensation
Individual Susana Goldman · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $52K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $52K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 23%
Revenue growth 38%
Investment management fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $157K · 2022–2024
Alamance County Public LiabrariesFY2024$40,197
Alamance County Public LiabrariesFY2023$40,488
Alamance County Public LiabrariesFY2022$76,428

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$41K revenue · viewing · ⤓ 990 PDF
FY2023$30K revenue · ⤓ 990 PDF
FY2022$29K revenue · ⤓ 990 PDF
FY2021$36K revenue · ⤓ 990 PDF
FY2020$16K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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