Lanier Library Assn INC FY2020 filing

Tax-deductible

Tryon, NC501(c)(3)EducationEIN 56-0582029Revenue $216K in FY2020

On file with the IRSthelanierlibrary.org72 Chestnut St, 28782-3483 · Tryon, NCTax-exempt since Dec 1951Publicly supported — 509(a)(2)

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To promote literacy and social interests; to maintain a Library; and to encourage civic and educational welfare in the community.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$37K 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

FY2020 · 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
5 of 5
filings with a surplus
Average surplus $355K a year · 60% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$37K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $83K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.07% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$216K
Spent
$197K
To programs
63%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$216K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$216K
FY2021$1.4M
FY2022$404K
FY2023$301K
FY2024$621K
Expenses
$197K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$197K
FY2021$199K
FY2022$252K
FY2023$279K
FY2024$256K
Net assets
$2.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$3.4M
FY2022$3.4M
FY2023$3.8M
FY2024$4.4M

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1951.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $125K Management & general 37% · $72K

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

15 people listed on the 990; $37K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$33,166Pt VII · Sec A
Executive Officer
$1,900Pt VII · Sec A
Executive Director
$1,852Pt VII · Sec A
Directormembership Chair
$0Pt VII · Sec A
Director -Marketing & Communi
$0Pt VII · Sec A
Director - Bldg & Grounds Cha
$0Pt VII · Sec A
Director - Hospitality Chair
$0Pt VII · Sec A
Director - Development Chair
$0Pt VII · Sec A

Jenny Purtill’s $33K as Executive Director is at the 25th 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.

See Lanier Library Assn 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

Maintains a library, promoting literacy, social interests, and community welfare.

Provided by the organization

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1 program · $125K · in their own filed words · FY2020
01

Provided members and the community access to over 25,000 print books, over 1900 non-print items and over 60 periodicals as well as two computer terminals for public use. Sponsored monthly programs of interest to the membership and the public.

$125Kprogram 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$83K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$216K
Ln 12
Gifts and grantsLn 1h$97K
Investment incomeLn 3$97K
Other incomeLn 4–11$20K
Money outPt IX
$197K
Ln 25
Programscol B$125K
Managementcol C$72K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$2.9M
LiabilitiesLn 26$2K
PeoplePt VI, VII
15
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$97K
Fees for servicesLn 2g$1K
Investment incomeLn 3$97K
Other incomeLn 4–11$20K
Gains on assetsLn 7$43K
Total revenueLn 12$216K
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
InvestmentsLn 11–13$2.7M
Land, buildings, equipmentLn 10c$204K
Other assetsLn 15$69K
Total assetsLn 16$2.9M
LiabilitiesLn 26$2K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 57
VolunteersI 630
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 FY20End FY20
Cash and savingsLn 1–2$14K$12K
InvestmentsLn 11–13$2.3M$2.7M
Land, buildings, equipmentLn 10c$226K$204K
Total assetsLn 16$2.7M$2.9M
LiabilitiesLn 26$2K$2K
Net assetsLn 32$2.6M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$84K$84K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$11K$11K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$2K$2K
Information technologyLn 14$6K$6K
OccupancyLn 16$6K$6K
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$31K$18K$13K
All other expensesLn 24e$8K$8K
Total functional expensesLn 25$197K$125K$72K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $621K$256K$365K$4.4M 990 PDF
FY2023 $301K$279K$22K$3.8M 990 PDF
FY2022 $404K$252K$152K$3.4M 990 PDF
FY2021 $1.4M$199K$1.2M$3.4M 990 PDF
FY2020 Viewing $216K$197K$19K$2.9M 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 FY2020 990 (6 parts)
Part I · Summary $215,943 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $132,919$97,203
I-9 Program service revenuePrior year $2,730$1,467
I-10 Investment incomePrior year $54,922$96,904
I-11 Other revenuePrior year $14,646$20,369
I-12 Total revenuePrior year $205,217$215,943
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $82,065$90,831
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $116,167$106,294
I-18 Total expensesPrior year $198,232$197,125
I-19 Revenue less expensesPrior year $6,985$18,818
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $215,943 across 10 lines filed
VIII-1b Membership dues$22,835
VIII-1f All other contributions, gifts and grants$74,368
VIII-1h Total contributions, gifts and grants$97,203
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,467$1,467
VIII-3 Investment incomeRelated to mission $53,720$53,720
VIII-6 Net rental income or lossRelated to mission $33$33
VIII-7 Net gain or loss on sales of assetsRelated to mission $43,184$43,184
VIII-8 Net income from fundraising eventsExcluded from tax $1,070$1,070
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $19,266$19,266
VIII-12 Total revenueRelated to mission $117,670 · Unrelated business $0 · Excluded from tax $1,070$215,943
Part IX · Statement of functional expenses $197,125 across 13 lines filed
IX-7 Other salaries and wagesPrograms $84,352$84,352
IX-10 Payroll taxesPrograms $6,479$6,479
IX-11c Accounting feesManagement $4,654$4,654
IX-11f Investment management feesManagement $10,919$10,919
IX-11g Other fees for servicesManagement $6,500$6,500
IX-12 Advertising and promotionPrograms $3,064$3,064
IX-13 Office expensesManagement $2,101$2,101
IX-14 Information technologyPrograms $5,659$5,659
IX-16 OccupancyManagement $6,244$6,244
IX-22 Depreciation, depletion and amortizationManagement $23,885$23,885
IX-23 InsuranceManagement $5,117$5,117
IX-24 Other expenses (24a–d)Programs $17,664 · Management $12,972$30,636
IX-24e All other expensesPrograms $7,515$7,515
IX-25 Total functional expensesPrograms $124,733 · Management $72,392 · Fundraising $0$197,125
Part X · Balance sheet $2,936,993 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $14,205$12,105
X-10c Land, buildings and equipment, netStart of year $225,589$203,723
X-11 Publicly traded securitiesStart of year $2,299,038$2,652,165
X-15 Other assetsStart of year $69,000$69,000
X-16 Total assetsStart of year $2,650,077$2,936,993
X-17 Accounts payable and accrued expensesStart of year $1,557$1,982
X-26 Total liabilitiesStart of year $1,557$1,982
X-27 Net assets without donor restrictionsStart of year $2,517,518$2,804,009
X-28 Net assets with donor restrictionsStart of year $131,002$131,002
X-32 Total net assets or fund balancesStart of year $2,648,520$2,935,011
X-33 Total liabilities and net assetsStart of year $2,650,077$2,936,993
Part XI · Reconciliation of net assets $2,935,011 net assets at year end
XI-1 Total revenue$215,943
XI-2 Total expenses$197,125
XI-3 Revenue less expenses$18,818
XI-4 Net assets at start of year$2,648,520
XI-5 Net unrealized gains (losses) on investments$267,564
XI-8 Prior period adjustments$109
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,935,011

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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