Marlin Public Library EIN 74-1335782 Form 990 (PDF) Claim this org

Marlin Public Library

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Offers library materials for learning and culture to Marlin residents. For fiscal year 2024 it reported $82K in revenue, $63K in expenses, and $416K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Marlin, TX
Website
www.marlinpubliclibrary.com
Filings
5 on file (2020–2024)
Revenue
$82KFY2024
Expenses
$63K
Net assets
$416K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  74-1335782 Public charity (501(c)(3)) Marlin, TX
Form 990 (PDF)
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Size
<$100K
What they do
Offers library materials for learning and culture to Marlin residents.
Leadership
Robert M Brown · President,director
Money in and out
$82K revenue, $63K expenses
Bottom line
77% program efficiency
Where the money goes · FY2024
Total revenue
$82K
Pt VIII · Ln 12
Total expenses
$63K
Pt IX · Ln 25
Net assets
$416K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $20K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Program efficiency
77%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
21.3mo
months of highly liquid reserves at operating expense rate▲ +53% vs prior filing year
Surplus margin
+24%
revenue over expenses, this year▼ -57% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$82K
FY2024▼ -45%
Expenses
$63K
FY2024▼ -6%
Total assets
$416K
FY2024▲ +4%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$82K
Pt VIII · Ln 12
Total expenses
$63K
Pt IX · Ln 25
Net assets
$416K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$20K
Total assetsPt X · Ln 16$416K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMarlin Public Library
EINHdr · item D74-1335782
Principal addressHdr · item CMarlin, TX
WebsiteHdr · item Jwww.marlinpubliclibrary.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFFeb 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President,director
$0Pt VII · Sec A
Vp,director
$0Pt VII · Sec A
Treasurer,director
$0Pt VII · Sec A
$0Pt VII · Sec A
Sec/Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $48K of program spending, described in the organization's own filed words · FY2023.
01

1849 library patrons served

$48Kprogram expense
02

68 children attended the childrens program

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$82K · 99%
Program service revenue$914 · 1%
Contributions & grants99%$82K
Program service revenue1%$914
Investment income$30
— government grantsLn 1e$26K
Total revenueLn 12$82K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$48K
Management & general23%$15K
Total functional expensesLn 25$63K

Balance Sheet

Part X · end of year
CashLn 1$112K
Total assetsLn 16$416K
Total liabilitiesLn 26$0
Total net assetsLn 32$416K
Months of cash on handcomputed21.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $112K · Operating expenses/yr $63K
21.3 months
Where the money goes
Program services
Program services $48K · Total expenses $63K
77%
Management & General
Management & general $15K · Total expenses $63K
23%
Fundraising
Fundraising $0 · Total expenses $63K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $59K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $82K · Total revenue $82K
99%
Government reliance
Government grants $26K · Total revenue $82K
32%
Earned-income share
Program service revenue $914 · Total revenue $82K
1%
Investment reliance
Investment income $30 · Total revenue $82K
+0.04%
Program self-sufficiency
Program service revenue $914 · Total expenses $63K
1%
Growth & trend
Revenue growth (YoY)
This year $82K · Prior year $149K
-45%
Revenue CAGR
FY2019 $55K · FY2023 $82K
+11%
Net-asset trend (YoY)
End of year $416K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $82K · Expenses $63K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $416K
Net-asset ratio
Net assets $416K · Total assets $416K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $416K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert M Brown · Reported title PRESIDENT,DIRECTOR · Highest reported compensation $0 · Total expenses $63K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $13K · Total expenses $63K
21%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 23%
Fundraising cost ratio 0%
Revenue growth -45%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$2K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$82K revenue · viewing · ⤓ 990 PDF
FY2023$149K revenue · ⤓ 990 PDF
FY2022$35K revenue · ⤓ 990 PDF
FY2021$45K revenue · ⤓ 990 PDF
FY2020$55K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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