The Community Library INC

Tax-deductible

Kilmarnock, VA501(c)(3)Since 1961EducationEIN 54-0735541

The lancaster community library is a center for the cultural, intellectual, and recreational pursuits of the community. Through its materials, programs, and services, the library promotes literacy, provides lifetime learning opportunities, and places special emphasis on stimulating children's interest in reading and learning.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 100 volunteers and 26 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
3 of 5
filings with a surplus
Average surplus $82K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$93K
to officers and key staff · 9% of spending
Top officer’s pay higher than 80% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$59K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$979K
+8% vs prior year
Spent
$979K
To programs
85%
Net assets
$9.8M
By yearFY2020–FY2024
Revenue
$979K
FY2024▲ +8%
Revenue by fiscal year
FY2020$825K
FY2021$1.2M
FY2022$865K
FY2023$850K
FY2024$909K
FY2024$979K
Expenses
$979K
FY2024▲ +10%
Expenses by fiscal year
FY2020$866K
FY2021$723K
FY2022$804K
FY2023$914K
FY2024$891K
FY2024$979K
Net assets
$9.8M
FY2024▲ +3%
Net assets by fiscal year
FY2020$8.4M
FY2021$9.6M
FY2022$8.8M
FY2023$9.0M
FY2024$9.5M
FY2024$9.8M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1962.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $828K Management & general 14% · $136K Fundraising 1% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

13 people listed on the 990; $93K paid to officers and key staff.

Part VII, Section A · reportable compensation
Library Dire
$92,539Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Interim Secr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Alice Cooper’s $93K as Library Dire is at the 80th percentile of top reported officer pay among 1613 $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 · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Alice Cooper$92,539$86,954$85,124$81,255$80,828$79,667

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.

See The Community Library INC executive salaries →

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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 15aYes

Programs and updates

Promotes literacy and lifelong learning through books, programs, and services for all ages.

Provided by the organization

This section is blank until The Community Library INC claims this page.

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3 program services account for $828K of program spending, described in the organization's own filed words · FY2024.
01

The lancaster community library is a center for the cultural, intellectual, and recreational pursuits of the community. Through its materials, programs, and services, the library promotes literacy, provides lifetime learning opportunities, and places special emphasis on stimulating children's interest in reading and learning.

$820Kprogram expense
02

The storymobile promotes literacy and reading by visiting daycares where staff offer programming that includes books and supporting activities.

$8Kprogram expense
03

The library promotes learning, growth, and development of area youth as part of its mission to be a center for cultural, intellectual, and recreational pursuits. The library gives a scholarship each year to a qualified recipient. The library has extensive programs and services for children, as well as teens.

$50program expense

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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 1 funder$19K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$979K
Ln 12
Investment incomeLn 3$453K
Gifts and grantsLn 1h$423K
Fees for servicesLn 2g$69K
Money outPt IX
$979K
Ln 25
Programscol B$828K
Managementcol C$136K
Fundraisingcol D$14K
Owns and owesPt X
$9.8M
net assets · Ln 32
Cash and savingsLn 1–2$338K
Total assetsLn 16$9.9M
LiabilitiesLn 26$59K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$423K
Government grantsLn 1e$290K
Fees for servicesLn 2g$69K
Investment incomeLn 3$453K
Other incomeLn 4–11$35K
Gains on assetsLn 7$90K
Total revenueLn 12$979K
Assets in detailPt X, end of year
CashLn 1$57K
SavingsLn 2$280K
Cash and savings togetherLn 1–2$338K
InvestmentsLn 11–13$6.9M
Land, buildings, equipmentLn 10c$2.6M
Other assetsLn 15$8K
Total assetsLn 16$9.9M
LiabilitiesLn 26$59K
Net assetsLn 32$9.8M
OperationsPt I, VI
EmployeesI 526
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$776K$338K
InvestmentsLn 11–13$6.1M$6.9M
Land, buildings, equipmentLn 10c$2.7M$2.6M
Total assetsLn 16$9.6M$9.9M
LiabilitiesLn 26$56K$59K
Net assetsLn 32$9.5M$9.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$93K$46K$46K
Other salaries and wagesLn 7$308K$274K$34K
Pension plan contributionsLn 8$38K$30K$8K
Payroll taxesLn 10$30K$24K$6K
Management feesLn 11a$19K$19K
Accounting feesLn 11c$35K$18K$18K
Professional fundraising feesLn 11e$14K$14K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$32K$25K$6K
Information technologyLn 14$18K$18K
OccupancyLn 16$115K$115K
Depreciation, depletion and amortizationLn 22$145K$145K
InsuranceLn 23$27K$27K
Other expenses (24a–d)Ln 24$54K$54K
All other expensesLn 24e$45K$45K
Total functional expensesLn 25$979K$828K$136K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $909K$891K$18K$9.5M 990 PDF
FY2023 $850K$914K−$63K$9.0M 990 PDF
FY2022 $865K$804K$61K$8.8M 990 PDF
FY2021 $1.2M$723K$436K$9.6M 990 PDF
FY2020 $825K$866K−$41K$8.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $979,462 across 9 lines filed
Lines not itemized here account for $18,480 of total revenue; see the IRS return.
VIII-1e Government grants$289,955
VIII-1f All other contributions, gifts and grants$133,192
VIII-1h Total contributions, gifts and grants$423,147
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $68,968$68,968
VIII-3 Investment incomeExcluded from tax $362,112$362,112
VIII-7 Net gain or loss on sales of assetsExcluded from tax $90,444$90,444
VIII-8 Net income from fundraising eventsExcluded from tax $6,711$6,711
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $9,600$9,600
VIII-12 Total revenueRelated to mission $68,968 · Excluded from tax $487,347$979,462
Part IX · Statement of functional expenses $978,614 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $46,270 · Management $46,269$92,539
IX-7 Other salaries and wagesPrograms $274,065 · Management $33,815$307,880
IX-8 Pension plan contributionsPrograms $30,007 · Management $7,502$37,509
IX-10 Payroll taxesPrograms $24,152 · Management $6,038$30,190
IX-11a Management feesManagement $18,665$18,665
IX-11c Accounting feesPrograms $17,528 · Management $17,528$35,056
IX-11e Professional fundraising feesFundraising $14,200$14,200
IX-12 Advertising and promotionPrograms $7,011$7,011
IX-13 Office expensesPrograms $25,487 · Management $6,372$31,859
IX-14 Information technologyPrograms $17,640$17,640
IX-16 OccupancyPrograms $114,666$114,666
IX-22 Depreciation, depletion and amortizationPrograms $145,269$145,269
IX-23 InsurancePrograms $26,656$26,656
IX-24 Other expenses (24a–d)Programs $54,169$54,169
IX-24e All other expensesPrograms $45,305$45,305
IX-25 Total functional expensesPrograms $828,225 · Management $136,189 · Fundraising $14,200$978,614
Part X · Balance sheet $9,867,004 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $31,523$57,359
X-2 Savings and temporary cash investmentsStart of year $744,826$280,241
X-9 Prepaid expenses and deferred chargesStart of year $10,545$10,474
X-10c Land, buildings and equipment, netStart of year $2,715,991$2,581,131
X-11 Publicly traded securitiesStart of year $6,067,122$6,929,388
X-15 Other assetsStart of year $15,109$8,411
X-16 Total assetsStart of year $9,585,116$9,867,004
X-17 Accounts payable and accrued expensesStart of year $41,575$51,455
X-25 Other liabilitiesStart of year $14,665$7,967
X-26 Total liabilitiesStart of year $56,240$59,422
X-27 Net assets without donor restrictionsStart of year $8,371,839$8,648,545
X-28 Net assets with donor restrictionsStart of year $1,157,037$1,159,037
X-32 Total net assets or fund balancesStart of year $9,528,876$9,807,582
X-33 Total liabilities and net assetsStart of year $9,585,116$9,867,004
Part XI · Reconciliation of net assets $9,807,582 net assets at year end
XI-1 Total revenue$979,462
XI-2 Total expenses$978,614
XI-3 Revenue less expenses$848
XI-4 Net assets at start of year$9,528,876
XI-5 Net unrealized gains (losses) on investments$277,858
XI-10 Net assets at end of year$9,807,582

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

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