Washington County Public Library Foundation INC EIN 54-1827148

Washington County Public Library Foundation INC

EIN  54-1827148 Supporting organization Abingdon, VA
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Supports the county library with books, activities, and furnishings beyond government funding.
Leadership
Leslie Peterso · President
Money in and out
$32K revenue, $35K expenses
Bottom line
-11% net inflow

Supports the county library with books, activities, and furnishings beyond government funding. For fiscal year 2024 it reported $32K in revenue, $35K in expenses, and $1.7M in net assets.Pt I

Money in and out · FY2024
Total revenue
$32K
Pt VIII · Ln 12
Total expenses
$35K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.12 Fundraising $0.04
Net inflow
-11%
revenue over expenses, this year▼ -129% vs prior filing year
Pass-through gifts
97%
of revenue from contributions▲ +200% vs prior filing year
Program spending
84%
of expenses reach stated programs▲ +11% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$32K
FY2024▼ -52%
Expenses
$35K
FY2024▼ -15%
Total assets
$1.7M
FY2024▲ +14%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$32K
Pt VIII · Ln 12
Total expenses
$35K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$3K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $31K of program spending, described in the organization's own filed words · FY2023.
01

To aid county library for books, activities, and furnishings that the

$31Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWashington County Public Library Foundation INC
EINHdr · item D54-1827148
Principal addressHdr · item CAbingdon, VA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B70I)
Ruling yearIRS BMFFeb 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Washington County Public Library Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$31K · 97%
Other revenue$960 · 3%
Contributions & grants97%$31K
Other revenue3%$960
Total revenueLn 12$32K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.12 Fundraising $0.04
Program services84%$29K
Management & general12%$4K
Fundraising4%$1K
Total functional expensesLn 25$35K

Balance Sheet

Part X · end of year
CashLn 1$162K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.7M
Months of cash on handcomputed55.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.7M · Operating expenses/yr $35K
581.7 months
Where the money goes
Program services
Program services $29K · Total expenses $35K
84%
Management & General
Management & general $4K · Total expenses $35K
12%
Fundraising
Fundraising $1K · Total expenses $35K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $26K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $31K · Total revenue $32K
97%
Government reliance
Government grants — · Total revenue $32K
Earned-income share
Program service revenue $0 · Total revenue $32K
0%
Investment reliance
Investment income $0 · Total revenue $32K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $35K
0%
Growth & trend
Revenue growth (YoY)
This year $32K · Prior year $65K
-52%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $32K · Expenses $35K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
Net-asset ratio
Net assets $1.7M · Total assets $1.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $1.5M · Total assets (Pt X, ln 16) $1.7M
90%
People & payroll
Highest Reported Total Compensation
Individual Leslie Peterso · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $35K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $35K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 12%
Fundraising cost ratio 5%
Revenue growth -52%
Accounting fee ratio 6%

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$10K

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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)$32K revenue · viewing · ⤓ 990 PDF
FY2023$65K revenue · ⤓ 990 PDF
FY2022$76K revenue · ⤓ 990 PDF
FY2021$51K 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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