Public Library providing access to books and periodicals for the encouragement of reading as well as movies to help supplement the financial needs of the organization.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$40K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $8K a year · 11% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$40K
to officers and key staff · 58% of spending
Concern: pay to officers and key staff is 58% of spending; over 30%.
Pt VII · Sec A
17 mo
of spending, in cash
Looks good: 17.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $27K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$74K
-14% vs prior year
Spent
$69K
To programs
100%
Net assets
$143K
By yearFY2020–FY2024
Revenue
$74K
FY2024▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$53K
FY2021$65K
FY2022$71K
FY2023$87K
FY2024$74K
Expenses
$69K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$56K
FY2021$61K
FY2022$57K
FY2023$67K
FY2024$69K
Net assets
$143K
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$100K
FY2021$104K
FY2022$118K
FY2023$137K
FY2024$143K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2017.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $69K

Form 990 Part IX, line 25. 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; $40K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director
$24,960Pt VII · Sec A
Assistant Librarian
$14,950Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Bc Fls Representative
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Shari Hunt’s $25K as Director is at the 66th percentile of top reported officer pay among 146 <$100K 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Shari Hunt$24,960$22,400$21,686$13,650$13,600
Bridget C Sereday——$2,268$21,762$7,952
Suzanne Adams$14,950$13,600$6,790——
Jill R Hambley————$13,748

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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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 15aNo

Programs and updates

Offers books, magazines, and movies to encourage reading and fund operations.

Questions for Prospect Community Library

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Your first name shows with your question. Prospect Community Library answers here, for everyone.

Provided by the organization

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1 program · $69K · in their own filed words · FY2024
01

Access to books, periodicals, movies, etc.

$69Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$27K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$74K
Ln 12
Gifts and grantsLn 1h$74K
Investment incomeLn 3$647
Money outPt IX
$69K
Ln 25
Programscol B$69K
Owns and owesPt X
$143K
net assets · Ln 32
Cash and savingsLn 1–2$99K
Total assetsLn 16$148K
LiabilitiesLn 26$5K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$74K
Investment incomeLn 3$647
Total revenueLn 12$74K
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$85K
Cash and savings togetherLn 1–2$99K
Land, buildings, equipmentLn 10c$49K
Total assetsLn 16$148K
LiabilitiesLn 26$5K
Net assetsLn 32$143K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$95K$99K
Land, buildings, equipmentLn 10c$52K$49K
Total assetsLn 16$147K$148K
LiabilitiesLn 26$10K$5K
Net assetsLn 32$137K$143K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$40K$40K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$418$418
Office expensesLn 13$533$533
OccupancyLn 16$5K$5K
InterestLn 20$574$574
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$69K$69K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $74K$69K$6K$143K 990 PDF
FY2023 $87K$67K$20K$137K 990 PDF
FY2022 $71K$57K$14K$118K 990 PDF
FY2021 $65K$61K$4K$104K 990 PDF
FY2020 $53K$56K−$3K$100K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $74,397 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $86,275$73,750
I-9 Program service revenue$0
I-10 Investment incomePrior year $393$647
I-11 Other revenue$0
I-12 Total revenuePrior year $86,668$74,397
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $39,038$43,247
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $28,046$25,399
I-18 Total expensesPrior year $67,084$68,646
I-19 Revenue less expensesPrior year $19,584$5,751
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $74,397 across 5 lines filed
VIII-1f All other contributions, gifts and grants$73,750
VIII-1h Total contributions, gifts and grants$73,750
VIII-3 Investment incomeRelated to mission $647$647
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $647 · Unrelated business $0 · Excluded from tax $0$74,397
Part IX · Statement of functional expenses $68,646 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $39,910$39,910
IX-10 Payroll taxesPrograms $3,337$3,337
IX-11c Accounting feesPrograms $1,250$1,250
IX-12 Advertising and promotionPrograms $418$418
IX-13 Office expensesPrograms $533$533
IX-16 OccupancyPrograms $4,754$4,754
IX-20 InterestPrograms $574$574
IX-22 Depreciation, depletion and amortizationPrograms $4,406$4,406
IX-23 InsurancePrograms $1,939$1,939
IX-24 Other expenses (24a–d)Programs $11,525$11,525
IX-25 Total functional expensesPrograms $68,646 · Management $0 · Fundraising $0$68,646
Part X · Balance sheet $148,201 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $18,663$14,101
X-2 Savings and temporary cash investmentsStart of year $76,112$85,059
X-10c Land, buildings and equipment, netStart of year $52,220$49,041
X-16 Total assetsStart of year $146,995$148,201
X-17 Accounts payable and accrued expensesStart of year $836$917
X-26 Total liabilitiesStart of year $9,524$4,979
X-27 Net assets without donor restrictionsStart of year $137,471$143,222
X-32 Total net assets or fund balancesStart of year $137,471$143,222
X-33 Total liabilities and net assetsStart of year $146,995$148,201
Part XI · Reconciliation of net assets $143,222 net assets at year end
XI-1 Total revenue$74,397
XI-2 Total expenses$68,646
XI-3 Revenue less expenses$5,751
XI-4 Net assets at start of year$137,471
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$143,222

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

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