Lanier Library Assn INC FY2022 filing

Tax-deductible

Tryon, NC501(c)(3)EducationEIN 56-0582029Revenue $404K in FY2022

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.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
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
$13K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$404K
-72% vs prior year
Spent
$252K
To programs
62%
Net assets
$3.4M
By yearFY2020–FY2024
Revenue
$404K
FY2022▼ -72%
Tap a bar for its year
Revenue by fiscal year
FY2020$216K
FY2021$1.4M
FY2022$404K
FY2023$301K
FY2024$621K
Expenses
$252K
FY2022▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$197K
FY2021$199K
FY2022$252K
FY2023$279K
FY2024$256K
Net assets
$3.4M
FY2022▼ -1%
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 FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

62 cents of each dollar spent went to programs.

Program services 62% · $155K Management & general 38% · $97K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Director -Marketing & Communi
$0Pt VII · Sec A
Director-Nominating Cmtte Cha
$0Pt VII · Sec A
Director - Hospitality Chair
$0Pt VII · Sec A
Director - Membership Chair
$0Pt VII · Sec A
Director - Media Selection Ch
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Treasurer & Finance Chair
$0Pt VII · Sec A
President
$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.

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Provided by the organization

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1 program · $155K · in their own filed words · FY2022
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.

$155Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$404K
Ln 12
Gifts and grantsLn 1h$236K
Investment incomeLn 3$161K
Other incomeLn 4–11$7K
Money outPt IX
$252K
Ln 25
Programscol B$155K
Managementcol C$97K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$122K
Total assetsLn 16$3.4M
LiabilitiesLn 26$13K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$236K
Investment incomeLn 3$161K
Other incomeLn 4–11$7K
Gains on assetsLn 7$99K
Total revenueLn 12$404K
Assets in detailPt X, end of year
CashLn 1$122K
Cash and savings togetherLn 1–2$122K
InvestmentsLn 11–13$2.6M
Land, buildings, equipmentLn 10c$639K
Other assetsLn 15$69K
Total assetsLn 16$3.4M
LiabilitiesLn 26$13K
Net assetsLn 32$3.4M
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 FY22End FY22
Cash and savingsLn 1–2$127K$122K
InvestmentsLn 11–13$3.0M$2.6M
Land, buildings, equipmentLn 10c$260K$639K
Total assetsLn 16$3.5M$3.4M
LiabilitiesLn 26$11K$13K
Net assetsLn 32$3.4M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$101K$101K
Pension plan contributionsLn 8$10K$10K
Payroll taxesLn 10$8K$8K
Accounting feesLn 11c$12K$12K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$3K$3K
Information technologyLn 14$7K$7K$816
OccupancyLn 16$4K$4K
TravelLn 17$615$615
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$70K$17K$53K
All other expensesLn 24e$10K$10K
Total functional expensesLn 25$252K$155K$97K$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 Viewing $404K$252K$152K$3.4M 990 PDF
FY2021 $1.4M$199K$1.2M$3.4M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $403,514 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $331,930$235,760
I-9 Program service revenuePrior year $1,251$0
I-10 Investment incomePrior year $1,049,745$160,575
I-11 Other revenuePrior year $34,286$7,179
I-12 Total revenuePrior year $1,417,212$403,514
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $105,562$118,937
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $93,499$132,840
I-18 Total expensesPrior year $199,061$251,777
I-19 Revenue less expensesPrior year $1,218,151$151,737
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $403,514 across 9 lines filed
VIII-1b Membership dues$22,625
VIII-1f All other contributions, gifts and grants$213,135
VIII-1h Total contributions, gifts and grants$235,760
VIII-3 Investment incomeRelated to mission $61,545$61,545
VIII-6 Net rental income or lossRelated to mission $200$200
VIII-7 Net gain or loss on sales of assetsRelated to mission $99,030$99,030
VIII-8 Net income from fundraising eventsExcluded from tax $6,696$6,696
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $283$283
VIII-12 Total revenueRelated to mission $161,058 · Unrelated business $0 · Excluded from tax $6,696$403,514
Part IX · Statement of functional expenses $251,777 across 13 lines filed
IX-7 Other salaries and wagesPrograms $101,171$101,171
IX-8 Pension plan contributionsPrograms $9,988$9,988
IX-10 Payroll taxesPrograms $7,778$7,778
IX-11c Accounting feesManagement $11,625$11,625
IX-12 Advertising and promotionPrograms $2,560$2,560
IX-13 Office expensesManagement $3,429$3,429
IX-14 Information technologyPrograms $6,591 · Management $816$7,407
IX-16 OccupancyManagement $4,493$4,493
IX-17 TravelManagement $615$615
IX-22 Depreciation, depletion and amortizationManagement $15,258$15,258
IX-23 InsuranceManagement $7,962$7,962
IX-24 Other expenses (24a–d)Programs $17,207 · Management $52,676$69,883
IX-24e All other expensesPrograms $9,608$9,608
IX-25 Total functional expensesPrograms $154,903 · Management $96,874 · Fundraising $0$251,777
Part X · Balance sheet $3,409,748 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $126,992$121,513
X-10c Land, buildings and equipment, netStart of year $259,893$639,114
X-11 Publicly traded securitiesStart of year $2,995,011$2,580,121
X-15 Other assetsStart of year $69,000$69,000
X-16 Total assetsStart of year $3,450,896$3,409,748
X-17 Accounts payable and accrued expensesStart of year $10,624$13,061
X-26 Total liabilitiesStart of year $10,624$13,061
X-27 Net assets without donor restrictionsStart of year $3,309,270$3,265,685
X-28 Net assets with donor restrictionsStart of year $131,002$131,002
X-32 Total net assets or fund balancesStart of year $3,440,272$3,396,687
X-33 Total liabilities and net assetsStart of year $3,450,896$3,409,748
Part XI · Reconciliation of net assets $3,396,687 net assets at year end
XI-1 Total revenue$403,514
XI-2 Total expenses$251,777
XI-3 Revenue less expenses$151,737
XI-4 Net assets at start of year$3,440,272
XI-5 Net unrealized gains (losses) on investments−$562,040
XI-8 Prior period adjustments$366,718
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,396,687

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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