Rockbridge Regional Library Foundation

Tax-deductible

Lexington, VA501(c)(3)EducationEIN 54-1643261Revenue $149K in FY2025

On file with the IRS138 S Main St, 24450-2316 · Lexington, VATax-exempt since Dec 1992Supporting organization — 509(a)(3)

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Support the Rockbridge Regional Library

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
4 of 5
filings with a surplus
Average surplus $174K a year · 63% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$149K
+38% vs prior year
Spent
$120K
To programs
86%
Net assets
$2.2M
By yearFY2021–FY2025
Revenue
$149K
FY2025▲ +38%
Tap a bar for its year
Revenue by fiscal year
FY2021$147K
FY2022$667K
FY2023$308K
FY2024$108K
FY2025$149K
Expenses
$120K
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$83K
FY2022$100K
FY2023$97K
FY2024$111K
FY2025$120K
Net assets
$2.2M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.6M
FY2022$1.5M
FY2023$1.8M
FY2024$2.0M
FY2025$2.2M

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1992.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $103K Management & general 14% · $17K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ex Officio
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Rep. Library Board
$0Pt VII · Sec A
See Rockbridge Regional Library Foundation 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 15aNo

Programs and updates

Supports the Rockbridge Regional Library with resources and programs.

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Provided by the organization

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1 program · $103K · in their own filed words · FY2024
01

Grants to rockbridge regional library for operating purposes.

$103Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$21K
Grants paid · 5 grants · $434K · 2020–2024
Rockbridge Regional LibraryVA · FY2024$102,666
Rockbridge Regional LibraryVA · FY2023$92,764
Rockbridge Regional LibraryVA · FY2022$82,159
Rockbridge Regional LibraryVA · FY2021$84,264
Rockbridge Regional LibraryVA · FY2020$72,530

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$149K
Ln 12
Investment incomeLn 3$84K
Gifts and grantsLn 1h$65K
Money outPt IX
$120K
Ln 25
Programscol B$103K
Managementcol C$17K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$65K
Investment incomeLn 3$84K
Gains on assetsLn 7$25K
Total revenueLn 12$149K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$6
Cash and savings togetherLn 1–2$6K
InvestmentsLn 11–13$2.2M
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$3K$6K
InvestmentsLn 11–13$2.0M$2.2M
Total assetsLn 16$2.0M$2.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.0M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$103K$103K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$10K$10K
Other fees for servicesLn 11g$3K$3K
Total functional expensesLn 25$120K$103K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $149K$120K$29K$2.2M 990 PDF
FY2024 $108K$111K−$2K$2.0M 990 PDF
FY2023 $308K$97K$212K$1.8M 990 PDF
FY2022 $667K$100K$567K$1.5M 990 PDF
FY2021 $147K$83K$64K$1.6M 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 FY2025 990 (6 parts)
Part I · Summary $149,128 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,824$65,021
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $57,297$84,107
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $108,121$149,128
I-13 Grants and similar amounts paidPrior year $92,764$102,666
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,803$17,402
I-18 Total expensesPrior year $110,567$120,068
I-19 Revenue less expensesPrior year −$2,446$29,060
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $149,128 across 5 lines filed
VIII-1f All other contributions, gifts and grants$65,021
VIII-1h Total contributions, gifts and grants$65,021
VIII-3 Investment incomeExcluded from tax $58,867$58,867
VIII-7 Net gain or loss on sales of assetsExcluded from tax $25,240$25,240
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $84,107$149,128
Part IX · Statement of functional expenses $120,068 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $102,666$102,666
IX-11c Accounting feesManagement $4,030$4,030
IX-11f Investment management feesManagement $10,401$10,401
IX-11g Other fees for servicesManagement $2,971$2,971
IX-25 Total functional expensesPrograms $102,666 · Management $17,402 · Fundraising $0$120,068
Part X · Balance sheet $2,172,659 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $3,284$5,504
X-2 Savings and temporary cash investmentsStart of year $91$6
X-12 Other securitiesStart of year $1,984,145$2,167,149
X-16 Total assetsStart of year $1,987,520$2,172,659
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $707,824$846,710
X-28 Net assets with donor restrictionsStart of year $1,279,696$1,325,949
X-32 Total net assets or fund balancesStart of year $1,987,520$2,172,659
X-33 Total liabilities and net assetsStart of year $1,987,520$2,172,659
Part XI · Reconciliation of net assets $2,172,659 net assets at year end
XI-1 Total revenue$149,128
XI-2 Total expenses$120,068
XI-3 Revenue less expenses$29,060
XI-4 Net assets at start of year$1,987,520
XI-5 Net unrealized gains (losses) on investments$156,079
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,172,659

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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