Madison County Library Incorporated FY2024 filing

Tax-deductible

Madison, VA501(c)(3)EducationEIN 54-0831592Revenue $372K in FY2024

On file with the IRSmadisoncountyvalibrary.orgPo Box 243, 22727-0243 · Madison, VATax-exempt since Jun 1968Publicly supported charity — 170(b)(1)(A)(vi)

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Provide Library services to Madison County.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$71K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $24K a year · 7% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$71K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $8K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 13 voting members
Looks good: 11 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$372K
+16% vs prior year
Spent
$326K
To programs
93%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$372K
FY2024▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$259K
FY2021$302K
FY2022$313K
FY2023$321K
FY2024$372K
FY2025$359K
Expenses
$326K
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$253K
FY2021$263K
FY2022$293K
FY2023$292K
FY2024$326K
FY2025$357K
Net assets
$1.1M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.0M
FY2023$1.1M
FY2024$1.1M
FY2025$1.1M

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1968.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $305K Management & general 5% · $15K Fundraising 2% · $6K

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; $71K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Librarian
$47,316Pt VII · Sec A
Treasurer
$23,711Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Bonnie Utz’s $55K as Librarian is at the 46th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Bonnie Utz$54,651$47,316$46,288$45,573$43,368$40,684
Gary Jones$24,963$23,711$22,649$21,364$18,897$17,929

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 Madison County Library Incorporated 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

Offers library services to Madison County residents.

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Provided by the organization

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1 program · $305K · in their own filed words · FY2023
01

Providing a public library for citizens of madison county, va.

$305Kprogram 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 · FY2022
Total grants receivedfrom 2 funders$8K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$372K
Ln 12
Gifts and grantsLn 1h$333K
Investment incomeLn 3$29K
Other incomeLn 4–11$7K
Money outPt IX
$326K
Ln 25
Programscol B$305K
Managementcol C$15K
Fundraisingcol D$6K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$162K
Total assetsLn 16$1.1M
LiabilitiesLn 26$6K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$333K
Government grantsLn 1e$243K
Fees for servicesLn 2g$4K
Investment incomeLn 3$29K
Other incomeLn 4–11$7K
Total revenueLn 12$372K
Assets in detailPt X, end of year
CashLn 1$13K
SavingsLn 2$150K
Cash and savings togetherLn 1–2$162K
InvestmentsLn 11–13$538K
Land, buildings, equipmentLn 10c$408K
Total assetsLn 16$1.1M
LiabilitiesLn 26$6K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 58
VolunteersI 612
Fiscal year endsHeaderJune
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$138K$162K
InvestmentsLn 11–13$503K$538K
Land, buildings, equipmentLn 10c$411K$408K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$3K$6K
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$73K$61K$12K
Other salaries and wagesLn 7$87K$87K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$15K$15K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$20K$14K$6K
Depreciation, depletion and amortizationLn 22$26K$26K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$82K$82K
All other expensesLn 24e$9K$9K$172
Total functional expensesLn 25$326K$305K$15K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $359K$357K$2K$1.1M 990 PDF
FY2024 Viewing $372K$326K$46K$1.1M 990 PDF
FY2023 $321K$292K$30K$1.1M 990 PDF
FY2022 $313K$293K$20K$1.0M 990 PDF
FY2021 $302K$263K$39K$1.1M 990 PDF
FY2020 $259K$253K$6K$1.0M 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 (6 parts)
Part I · Summary $372,357 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $276,841$333,439
I-9 Program service revenuePrior year $1,737$3,634
I-10 Investment incomePrior year $37,511$28,580
I-11 Other revenuePrior year $5,327$6,704
I-12 Total revenuePrior year $321,416$372,357
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $168,123$180,142
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $123,769$146,264
I-18 Total expensesPrior year $291,892$326,406
I-19 Revenue less expensesPrior year $29,524$45,951
Part VI · Governance 11 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $372,357 across 7 lines filed
VIII-1e Government grants$243,065
VIII-1f All other contributions, gifts and grants$90,374
VIII-1h Total contributions, gifts and grants$333,439
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,634$3,634
VIII-3 Investment incomeExcluded from tax $28,580$28,580
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,704$6,704
VIII-12 Total revenueRelated to mission $10,338 · Excluded from tax $28,580$372,357
Part IX · Statement of functional expenses $326,406 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $61,337 · Management $11,651$72,988
IX-7 Other salaries and wagesPrograms $87,045$87,045
IX-9 Other employee benefitsPrograms $4,886$4,886
IX-10 Payroll taxesPrograms $15,223$15,223
IX-11c Accounting feesManagement $3,600$3,600
IX-13 Office expensesPrograms $14,374 · Fundraising $5,887$20,261
IX-22 Depreciation, depletion and amortizationPrograms $26,180$26,180
IX-23 InsurancePrograms $5,606$5,606
IX-24 Other expenses (24a–d)Programs $81,576$81,576
IX-24e All other expensesPrograms $8,869 · Management $172$9,041
IX-25 Total functional expensesPrograms $305,096 · Management $15,423 · Fundraising $5,887$326,406
Part X · Balance sheet $1,117,115 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $16,445$12,655
X-2 Savings and temporary cash investmentsStart of year $121,169$149,745
X-9 Prepaid expenses and deferred chargesStart of year $8,186$8,600
X-10c Land, buildings and equipment, netStart of year $411,090$408,004
X-11 Publicly traded securitiesStart of year $503,305$538,111
X-16 Total assetsStart of year $1,060,195$1,117,115
X-17 Accounts payable and accrued expensesStart of year $3,440$5,777
X-26 Total liabilitiesStart of year $3,440$5,777
X-27 Net assets without donor restrictionsStart of year $761,082$796,126
X-28 Net assets with donor restrictionsStart of year $295,673$315,212
X-32 Total net assets or fund balancesStart of year $1,056,755$1,111,338
X-33 Total liabilities and net assetsStart of year $1,060,195$1,117,115
Part XI · Reconciliation of net assets $1,111,338 net assets at year end
XI-1 Total revenue$372,357
XI-2 Total expenses$326,406
XI-3 Revenue less expenses$45,951
XI-4 Net assets at start of year$1,056,755
XI-5 Net unrealized gains (losses) on investments$8,632
XI-10 Net assets at end of year$1,111,338

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

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