Placitas Community Library EIN 20-0791230

Placitas Community Library

EIN  20-0791230 Public charity (501(c)(3)) Placitas, NM
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers resources and services for diverse community needs, ensuring open and equal access.
Leadership
Seth Betterly · Secretary
Money in and out
$195K revenue, $153K expenses
Bottom line
72% program efficiency

Offers resources and services for diverse community needs, ensuring open and equal access. For fiscal year 2024 it reported $195K in revenue, $153K in expenses, and $554K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$195K
Pt VIII · Ln 12
Total expenses
$153K
Pt IX · Ln 25
Net assets
$554K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $42K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.28
Program efficiency
72%
of spending reaches programs▲ +458% vs prior filing year
Operating runway
43.7mo
months of highly liquid reserves at operating expense rate▼ -11% vs prior filing year
Surplus margin
+22%
revenue over expenses, this year▲ +6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$195K
FY2024▲ +27%
Expenses
$153K
FY2024▲ +25%
Total assets
$557K
FY2024▲ +8%
Total liabilities
$2K
FY2024▲ +18%
Total revenue
$195K
Pt VIII · Ln 12
Total expenses
$153K
Pt IX · Ln 25
Net assets
$554K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$42K
Total assetsPt X · Ln 16$557K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $24K of program spending, described in the organization's own filed words · FY2024.
01

Artist display of local art including several exhibits and shows.

$18Kprogram expense
02

Children's programs including story hours and educational programs encouraging literacy

$5Kprogram expense
03

Adult reading, literacy, and community building

$1Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPlacitas Community Library
EINHdr · item D20-0791230
Principal addressHdr · item CPlacitas, NM
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B70)
Ruling yearIRS BMFMar 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Mary Sue Houser’s $30K as Library Director is at the 22nd percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2022FY2021FY2020
Tim Blevins$8,527$42,000
Mary Sue Houser$29,877$32,011
Furman Kelley$16,429$9,791

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$94K · 48%
Program service revenue$76K · 39%
Investment income$25K · 13%
Contributions & grants48%$94K
Program service revenue39%$76K
Investment income13%$25K
Total revenueLn 12$195K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.28
Program services72%$111K
Management & general28%$42K
Total functional expensesLn 25$153K

Balance Sheet

Part X · end of year
CashLn 1$556K
Total assetsLn 16$557K
Total liabilitiesLn 26$2K
Total net assetsLn 32$554K
Months of cash on handcomputed43.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $556K · Operating expenses/yr $153K
43.7 months
Where the money goes
Program services
Program services $111K · Total expenses $153K
72%
Management & General
Management & general $42K · Total expenses $153K
28%
Fundraising
Fundraising $0 · Total expenses $153K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $85K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $94K · Total revenue $195K
48%
Government reliance
Government grants — · Total revenue $195K
Earned-income share
Program service revenue $76K · Total revenue $195K
39%
Investment reliance
Investment income $25K · Total revenue $195K
+13%
Program self-sufficiency
Program service revenue $76K · Total expenses $153K
50%
Growth & trend
Revenue growth (YoY)
This year $195K · Prior year $153K
+27%
Revenue CAGR
FY2020 $99K · FY2024 $195K
+18%
Net-asset trend (YoY)
End of year $554K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $195K · Expenses $153K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $557K
Net-asset ratio
Net assets $554K · Total assets $557K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $557K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Seth Betterly · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $153K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $57K · Total expenses $153K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 28%
Fundraising cost ratio 0%
Revenue growth 27%
Legal fee ratio 4%
Accounting fee ratio 9%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$1K

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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)$195K revenue · viewing · ⤓ 990 PDF
FY2023$153K revenue · ⤓ 990 PDF
FY2022$137K revenue · ⤓ 990 PDF
FY2021$119K revenue · ⤓ 990 PDF
FY2020$99K 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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