Perry Memorial Library INC

IRS exemption revoked

Henderson, NCUnknown exempt organizationEIN 56-0731953

A public library providing learning and educational activities to the vance county area.

66¢ of each $1 spent went to programs.
$68K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $89K a year · 9% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $29
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$135K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 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
$934K
-6% vs prior year
Spent
$840K
To programs
66%
Net assets
$539K
By yearFY2020–FY2021
Revenue
$934K
FY2021▼ -6%
Revenue by fiscal year
FY2020$988K
FY2021$934K
Expenses
$840K
FY2021▼ -7%
Expenses by fiscal year
FY2020$905K
FY2021$840K
Net assets
$539K
FY2021▲ +23%
Net assets by fiscal year
FY2020$437K
FY2021$539K

From the FY2021 Form 990 (year ending June 2021) · see the original

IRS revoked this organization's tax-exempt status on November 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $551K Management & general 34% · $288K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

13 people listed on the 990; $68K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director/Secreta
$68,134Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Patti McAnally$68,134$67,128

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 Perry Memorial Library 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 15aNo

Programs and updates

Offers learning and educational activities for Vance County residents.

Provided by the organization

This section is blank until Perry Memorial Library INC claims this page.

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1 program service account for $551K of program spending, described in the organization's own filed words · FY2020.
01

This corporation was organized as a nonprofit organization to operate a public library for the benefit of the citizens of henderson and vance county, north carolina, with funds obtained through contributions, gifts and governmental grants. Local government grants for operations totaled $821,394 and state aid grants were $102,821.

$551Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$29

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$934K
Ln 12
Gifts and grantsLn 1h$931K
Other incomeLn 4–11$3K
Investment incomeLn 3$75
Money outPt IX
$840K
Ln 25
Programscol B$551K
Managementcol C$288K
Owns and owesPt X
$539K
net assets · Ln 32
Cash and savingsLn 1–2$630K
Total assetsLn 16$674K
LiabilitiesLn 26$135K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$931K
Government grantsLn 1e$924K
Investment incomeLn 3$75
Other incomeLn 4–11$3K
Total revenueLn 12$934K
Assets in detailPt X, end of year
CashLn 1$115
SavingsLn 2$630K
Cash and savings togetherLn 1–2$630K
Total assetsLn 16$674K
LiabilitiesLn 26$135K
Net assetsLn 32$539K
OperationsPt I, VI
EmployeesI 524
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 FY21End FY21
Cash and savingsLn 1–2$494K$630K
Total assetsLn 16$503K$674K
LiabilitiesLn 26$66K$135K
Net assetsLn 32$437K$539K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$72K$72K
Other salaries and wagesLn 7$328K$328K
Pension plan contributionsLn 8$36K$32K$4K
Other employee benefitsLn 9$112K$112K
Payroll taxesLn 10$29K$23K$5K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$200$200
Conferences, conventions and meetingsLn 19$1K$1K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$183K$56K$127K
All other expensesLn 24e$54K$653$54K
Total functional expensesLn 25$840K$551K$288K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $934K$840K$94K$539K 990 PDF
FY2020 $988K$905K$83K$437K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $933,798 across 6 lines filed
VIII-1e Government grants$924,215
VIII-1f All other contributions, gifts and grants$6,662
VIII-1h Total contributions, gifts and grants$930,877
VIII-3 Investment incomeExcluded from tax $75$75
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,846$2,846
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,921$933,798
Part IX · Statement of functional expenses $839,620 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $71,541$71,541
IX-7 Other salaries and wagesPrograms $327,574$327,574
IX-8 Pension plan contributionsPrograms $31,545 · Management $4,292$35,837
IX-9 Other employee benefitsPrograms $112,443$112,443
IX-10 Payroll taxesPrograms $23,431 · Management $5,473$28,904
IX-11c Accounting feesManagement $6,832$6,832
IX-12 Advertising and promotionManagement $1,970$1,970
IX-13 Office expensesManagement $200$200
IX-19 Conferences, conventions and meetingsManagement $1,443$1,443
IX-23 InsuranceManagement $16,186$16,186
IX-24 Other expenses (24a–d)Programs $55,690 · Management $126,827$182,517
IX-24e All other expensesPrograms $653 · Management $53,520$54,173
IX-25 Total functional expensesPrograms $551,336 · Management $288,284 · Fundraising $0$839,620
Part X · Balance sheet $674,075 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $115$115
X-2 Savings and temporary cash investmentsStart of year $494,185$630,134
X-4 Accounts receivableStart of year $9,049$43,826
X-16 Total assetsStart of year $503,349$674,075
X-17 Accounts payable and accrued expensesStart of year $66,415$134,591
X-26 Total liabilitiesStart of year $66,415$134,591
X-27 Net assets without donor restrictionsStart of year $14,049$13,024
X-28 Net assets with donor restrictionsStart of year $422,885$526,460
X-32 Total net assets or fund balancesStart of year $436,934$539,484
X-33 Total liabilities and net assetsStart of year $503,349$674,075
Part XI · Reconciliation of net assets $539,484 net assets at year end
XI-1 Total revenue$933,798
XI-2 Total expenses$839,620
XI-3 Revenue less expenses$94,178
XI-4 Net assets at start of year$436,934
XI-8 Prior period adjustments$8,372
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$539,484

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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