Palacios Library Incorporated FY2022 filing

Tax-deductible

Palacios, TX501(c)(3)EducationEIN 74-1465813

Public library serving palacios and blessing texas and surrounding area with a population of approximately 9200 people and 4000 4500 active card holders

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$36K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
3 of 4
filings with a surplus
Average surplus $26K a year · 14% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$36K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
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
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
$180K
-32% vs prior year
Spent
$153K
To programs
72%
Net assets
$814K
By yearFY2021–FY2024
Revenue
$180K
FY2022▼ -32%
Revenue by fiscal year
FY2021$264K
FY2022$180K
FY2023$125K
FY2024$181K
Expenses
$153K
FY2022▼ -8%
Expenses by fiscal year
FY2021$167K
FY2022$153K
FY2023$165K
FY2024$162K
Net assets
$814K
FY2022▲ +3%
Net assets by fiscal year
FY2021$788K
FY2022$814K
FY2023$774K
FY2024$793K

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 May 1962.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $111K Management & general 28% · $43K

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

Who runs it and what they're paid

14 people listed on the 990; $36K paid to officers and key staff.

Part VII, Section A · reportable compensation
Head Librarian
$36,006Pt VII · Sec A
Vicepresident
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Vikijane Mosier’s $38K as Head Librarian is at the 29th 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.

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

NameFY2024FY2023FY2022FY2021
Vikijane Mosier$38,200$37,086$36,006$34,955

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.

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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

Programs and updates

Provides library services to Palacios, Blessing, and surrounding communities.

Provided by the organization

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1 program service account for $111K of program spending, described in the organization's own filed words · FY2022.
01

Public library serving palacios and blessing texas and surrounding area with a population of approximately 9200 people and approximately 4000 4500 active card members.

$111Kprogram 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$1K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$180K
Ln 12
Gifts and grantsLn 1h$147K
Investment incomeLn 3$25K
Fees for servicesLn 2g$6K
Money outPt IX
$153K
Ln 25
Programscol B$111K
Managementcol C$43K
Owns and owesPt X
$814K
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$814K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$147K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$6K
Investment incomeLn 3$25K
Other incomeLn 4–11$1K
Gains on assetsLn 7$0
Total revenueLn 12$180K
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$63K
Cash and savings togetherLn 1–2$92K
InvestmentsLn 11–13$424K
Land, buildings, equipmentLn 10c$298K
Other assetsLn 15$459
Total assetsLn 16$814K
LiabilitiesLn 26$0
Net assetsLn 32$814K
OperationsPt I, VI
EmployeesI 519
VolunteersI 60
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$80K$92K
InvestmentsLn 11–13$404K$424K
Land, buildings, equipmentLn 10c$303K$298K
Total assetsLn 16$788K$814K
LiabilitiesLn 26$0$0
Net assetsLn 32$788K$814K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$36K$0$36K$0
Pay of disqualified personsLn 6$61K$61K$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$963$0$963$0
Payroll taxesLn 10$8K$5K$3K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$2K$2K$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$536$536$0$0
Office expensesLn 13$467$467$0$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$13K$13K$0$0
TravelLn 17$770$0$770$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$5K$4K$1K$0
InsuranceLn 23$702$702$0$0
Other expenses (24a–d)Ln 24$25K$24K$857$0
All other expensesLn 24e$328$328$0$0
Total functional expensesLn 25$153K$111K$43K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $181K$162K$19K$793K 990 PDF
FY2023 $125K$165K−$40K$774K 990 PDF
FY2022 Viewing $180K$153K$26K$814K 990 PDF
FY2021 $264K$167K$98K$788K 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 (4 parts)
Part VIII · Statement of revenue $179,618 across 16 lines filed
Lines not itemized here account for $436 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$147,203
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$147,203
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,493 · Unrelated business $0 · Excluded from tax $0$5,493
VIII-3 Investment incomeRelated to mission $25,426 · Unrelated business $0 · Excluded from tax $0$25,426
VIII-5 RoyaltiesRelated to mission $1,060 · Unrelated business $0 · Excluded from tax $0$1,060
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $32,415 · Unrelated business $0 · Excluded from tax $0$179,618
Part IX · Statement of functional expenses $153,429 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $36,006 · Fundraising $0$36,006
IX-6 Pay of disqualified personsPrograms $61,207 · Management $0 · Fundraising $0$61,207
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $963 · Fundraising $0$963
IX-10 Payroll taxesPrograms $4,808 · Management $2,824 · Fundraising $0$7,632
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $1,527 · Management $0 · Fundraising $0$1,527
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $536 · Management $0 · Fundraising $0$536
IX-13 Office expensesPrograms $467 · Management $0 · Fundraising $0$467
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $13,438 · Management $0 · Fundraising $0$13,438
IX-17 TravelPrograms $0 · Management $770 · Fundraising $0$770
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $3,839 · Management $1,420 · Fundraising $0$5,259
IX-23 InsurancePrograms $702 · Management $0 · Fundraising $0$702
IX-24 Other expenses (24a–d)Programs $23,737 · Management $857 · Fundraising $0$24,594
IX-24e All other expensesPrograms $328 · Management $0 · Fundraising $0$328
IX-25 Total functional expensesPrograms $110,589 · Management $42,840 · Fundraising $0$153,429
Part X · Balance sheet $814,121 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $17,227$28,813
X-2 Savings and temporary cash investmentsStart of year $62,987$63,251
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $303,275$298,016
X-11 Publicly traded securitiesStart of year $404,284$423,582
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $159$459
X-16 Total assetsStart of year $787,932$814,121
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $787,932$814,121
X-33 Total liabilities and net assetsStart of year $787,932$814,121
Part XI · Reconciliation of net assets $814,121 net assets at year end
XI-1 Total revenue$179,618
XI-2 Total expenses$153,429
XI-3 Revenue less expenses$26,189
XI-4 Net assets at start of year$787,932
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$814,121

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

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