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Perry Memorial Library INC FY2020 filing

IRS exemption revoked

Henderson, NCUnknown exempt organization EIN 56-0731953Revenue $988K in FY2020

On file with the IRSperrylibrary.org205 Breckenridge Street · Henderson, NC

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

60¢ of each $1 spent went to programs.
$67K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$67K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 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
$66K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$988K
Spent
$905K
To programs
60%
Net assets
$437K
By yearFY2020–FY2021
Revenue
$988K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$988K
FY2021$934K
Expenses
$905K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$905K
FY2021$840K
Net assets
$437K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$437K
FY2021$539K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2024
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

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

60 cents of each dollar spent went to programs.

Program services 60% · $545K Management & general 40% · $360K

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

12 people listed on the 990; $67K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Patti McAnally
Executive Director/Secreta
$67,128Pt VII · Sec A
Mary T Austell
Vice Chair
$0Pt VII · Sec A
Barbara Foster
Board Member
$0Pt VII · Sec A
Susan Adcock
Vice Chair
$0Pt VII · Sec A
Diane B Davis
Board Member
$0Pt VII · Sec A
Jean G Lark
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
John Watkins
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.

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Provided by the organization

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1 program · $545K · in their own filed words · FY2019
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 $805,300 and state aid grants were $129,470.

$545Kprogram 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 · FY2023
Amazonsmile FoundationFY2023$29
Total grants receivedfrom 1 funder$29

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$988K
Ln 12
Gifts and grantsLn 1h$969K
Other incomeLn 4–11$19K
Investment incomeLn 3$236
Money outPt IX
$905K
Ln 25
Programscol B$545K
Managementcol C$360K
Owns and owesPt X
$437K
net assets · Ln 32
Cash and savingsLn 1–2$494K
Total assetsLn 16$503K
LiabilitiesLn 26$66K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$969K
Government grantsLn 1e$935K
Investment incomeLn 3$236
Other incomeLn 4–11$19K
Total revenueLn 12$988K
Assets in detailPt X, end of year
CashLn 1$115
SavingsLn 2$494K
Cash and savings togetherLn 1–2$494K
Total assetsLn 16$503K
LiabilitiesLn 26$66K
Net assetsLn 32$437K
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 FY20End FY20
Cash and savingsLn 1–2$376K$494K
Total assetsLn 16$382K$503K
LiabilitiesLn 26$28K$66K
Net assetsLn 32$354K$437K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$70K$70K
Pay of disqualified personsLn 6$332K$332K
Pension plan contributionsLn 8$31K$26K$4K
Other employee benefitsLn 9$121K$121K
Payroll taxesLn 10$29K$24K$5K
Accounting feesLn 11c$500$500
Advertising and promotionLn 12$2K$2K
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$224K$224K
All other expensesLn 24e$76K$41K$34K
Total functional expensesLn 25$905K$545K$360K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $934K$840K$94K$539K 990 PDF
FY2020 Viewing $988K$905K$83K$437K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $988,181 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $924,978$968,834
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $333$236
I-11 Other revenuePrior year $23,762$19,111
I-12 Total revenuePrior year $949,073$988,181
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $633,196$584,124
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $338,281$320,996
I-18 Total expensesPrior year $971,477$905,120
I-19 Revenue less expensesPrior year −$22,404$83,061
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $988,181 across 6 lines filed
VIII-1e Government grants$934,770
VIII-1f All other contributions, gifts and grants$34,064
VIII-1h Total contributions, gifts and grants$968,834
VIII-3 Investment incomeExcluded from tax $236$236
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $19,111$19,111
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $19,347$988,181
Part IX · Statement of functional expenses $905,120 across 11 lines filed
IX-5 Pay of current officers, directors and key staffManagement $70,484$70,484
IX-6 Pay of disqualified personsPrograms $332,074$332,074
IX-8 Pension plan contributionsPrograms $26,413 · Management $4,229$30,642
IX-9 Other employee benefitsPrograms $121,478$121,478
IX-10 Payroll taxesPrograms $24,054 · Management $5,392$29,446
IX-11c Accounting feesManagement $500$500
IX-12 Advertising and promotionManagement $1,842$1,842
IX-19 Conferences, conventions and meetingsManagement $4,401$4,401
IX-23 InsuranceManagement $14,778$14,778
IX-24 Other expenses (24a–d)Management $223,737$223,737
IX-24e All other expensesPrograms $41,410 · Management $34,328$75,738
IX-25 Total functional expensesPrograms $545,429 · Management $359,691 · Fundraising $0$905,120
Part X · Balance sheet $503,349 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $115$115
X-2 Savings and temporary cash investmentsStart of year $376,169$494,185
X-4 Accounts receivableStart of year $5,366$9,049
X-16 Total assetsStart of year $381,650$503,349
X-17 Accounts payable and accrued expensesStart of year $27,777$66,415
X-26 Total liabilitiesStart of year $27,777$66,415
X-27 Net assets without donor restrictionsStart of year $344,353$14,049
X-28 Net assets with donor restrictionsStart of year $9,520$422,885
X-32 Total net assets or fund balancesStart of year $353,873$436,934
X-33 Total liabilities and net assetsStart of year $381,650$503,349
Part XI · Reconciliation of net assets $436,934 net assets at year end
XI-1 Total revenue$988,181
XI-2 Total expenses$905,120
XI-3 Revenue less expenses$83,061
XI-4 Net assets at start of year$353,873
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$436,934

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

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