Jackson Madison County Library Foundation FY2021 filing

Tax-deductible

Jackson, TN501(c)(3)EducationEIN 62-1835909Revenue $688K in FY2021

On file with the IRSjmclibrary.org433 E Lafayette St, 38301-6340 · Jackson, TNTax-exempt since Oct 2002Publicly supported charity — 170(b)(1)(A)(vi)

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The Jackson Madison County Library Foundation was created as a tennessee non profit corporation for the purposes of providing, organizing and administering support to the Jackson Madison County libary.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
1 of 2
filings with a surplus
Average surplus $24K a year · 7% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
73 mo
of spending, in cash
Looks good: 73.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $90
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$688K
×106 vs prior year
Spent
$107K
To programs
63%
Net assets
$657K
By yearFY2020–FY2024
Revenue
$688K
FY2021▲ ×106
Tap a bar for its year
Revenue by fiscal year
FY2020$6K
FY2021$688K
FY2022$23K
FY2023$21K
FY2024$15K
Expenses
$107K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$107K
FY2022$556K
FY2023Not on file
FY2024Not on file
Net assets
$657K
FY2021▲ +763%
Tap a bar for its year
Net assets by fiscal year
FY2020$76K
FY2021$657K
FY2022$123K
FY2023$142K
FY2024$135K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Oct 2002.

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% · $68K Management & general 37% · $39K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$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
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Jackson Madison County Library Foundation 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

Supports the Jackson Madison County Library by providing, organizing, and administering resources.

Questions for Jackson Madison County Library Foundation

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Provided by the organization

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2 programs · $68K · in their own filed words · FY2021
01

Jackson madison county bicentennial commission raises funds to plan, coordinate, promote and administer events celebrating and commemorating the bicentennial anniversary of the city and county.

$68Kprogram expense
02

Jackson madison county library foundation projects raise funds and administers support to the jackson madison county libary. The foundation purchases books, equipment, and fixtures needed at both locations of the libary. The projects helps keep the community aware of the library.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$90
Grants paid · 1 grant · $554K · 2022–2022

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$688K
Ln 12
Gifts and grantsLn 1h$695K
Investment incomeLn 3$178
Money outPt IX
$107K
Ln 25
Programscol B$68K
Managementcol C$39K
Owns and owesPt X
$657K
net assets · Ln 32
Cash and savingsLn 1–2$651K
Total assetsLn 16$657K
LiabilitiesLn 26$0
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$695K
Government grantsLn 1e$550K
Fundraising eventsLn 1c$25K
Investment incomeLn 3$178
Total revenueLn 12$688K
Assets in detailPt X, end of year
CashLn 1$651K
Cash and savings togetherLn 1–2$651K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$657K
LiabilitiesLn 26$0
Net assetsLn 32$657K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6119
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 FY21End FY21
Cash and savingsLn 1–2$70K$651K
Land, buildings, equipmentLn 10c$6K$6K
Total assetsLn 16$76K$657K
LiabilitiesLn 26$0$0
Net assetsLn 32$76K$657K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$250$250
Advertising and promotionLn 12$52K$21K$31K
Office expensesLn 13$875$875
OccupancyLn 16$500$500
Depreciation, depletion and amortizationLn 22$213$213
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$47K$47K$883
All other expensesLn 24e$714$714
Total functional expensesLn 25$107K$68K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $15K$135K 990 PDF
FY2023 $21K$142K 990 PDF
FY2022 $23K$556K−$533K$123K 990 PDF
FY2021 Viewing $688K$107K$581K$657K 990 PDF
FY2020 $6K$76K 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 (6 parts)
Part I · Summary $687,648 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$695,002
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$178
I-11 Other revenuePrior year $0−$7,532
I-12 Total revenuePrior year $0$687,648
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$106,850
I-18 Total expensesPrior year $0$106,850
I-19 Revenue less expensesPrior year $0$580,798
Part VI · Governance 18 of 18 board members independent, 4 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $687,648 across 8 lines filed
Lines not itemized here account for $1,868 of total revenue; see the IRS return.
VIII-1c Fundraising events$25,443
VIII-1e Government grants$550,000
VIII-1f All other contributions, gifts and grants$119,559
VIII-1h Total contributions, gifts and grants$695,002
VIII-3 Investment incomeExcluded from tax $178$178
VIII-8 Net income from fundraising eventsExcluded from tax −$9,653−$9,653
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $253$253
VIII-12 Total revenueRelated to mission $2,121 · Unrelated business $0 · Excluded from tax −$9,475$687,648
Part IX · Statement of functional expenses $106,850 across 8 lines filed
IX-11c Accounting feesManagement $250$250
IX-12 Advertising and promotionPrograms $21,305 · Management $30,656$51,961
IX-13 Office expensesManagement $875$875
IX-16 OccupancyManagement $500$500
IX-22 Depreciation, depletion and amortizationManagement $213$213
IX-23 InsuranceManagement $4,949$4,949
IX-24 Other expenses (24a–d)Programs $46,505 · Management $883$47,388
IX-24e All other expensesManagement $714$714
IX-25 Total functional expensesPrograms $67,810 · Management $39,040 · Fundraising $0$106,850
Part X · Balance sheet $656,901 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $69,939$650,949
X-10c Land, buildings and equipment, netStart of year $6,164$5,952
X-16 Total assetsStart of year $76,103$656,901
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $76,103$656,901
X-33 Total liabilities and net assetsStart of year $76,103$656,901
Part XI · Reconciliation of net assets $656,901 net assets at year end
XI-1 Total revenue$687,648
XI-2 Total expenses$106,850
XI-3 Revenue less expenses$580,798
XI-4 Net assets at start of year$76,103
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$656,901

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

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