Blanco Library INC EIN 74-1900287

Blanco Library INC

EIN  74-1900287 Public charity (501(c)(3)) Blanco, TX
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Blanco Library INC claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Helps the Public Library in Blanco, Texas.
Leadership
Marilyn Melton · President
Money in and out
$24K revenue, $39K expenses
Bottom line
76% program efficiency

Helps the Public Library in Blanco, Texas. For fiscal year 2024 it reported $24K in revenue, $39K in expenses, and $1.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$24K
Pt VIII · Ln 12
Total expenses
$39K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$15K
Where spending went · Part IX cols B–D
Program services $0.76 Fundraising $0.24
Program efficiency
76%
of spending reaches programs▼ -22% vs prior filing year
Operating runway
220.9mo
months of highly liquid reserves at operating expense rate▼ -12% vs prior filing year
Surplus margin
-63%
revenue over expenses, this year▼ -42% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$24K
FY2024▲ +1%
Expenses
$39K
FY2024▲ +14%
Total assets
$1.4M
FY2024▼ -1%
Total liabilities
$4K
FY2024▼ -56%
Total revenue
$24K
Pt VIII · Ln 12
Total expenses
$39K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$15K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $30K of program spending, described in the organization's own filed words · FY2024.
01

On July 1 ,2002 Blanco Library, Inc transferred its operating assets to Blanco County South Library District. A governmental entity- Library Sales Tax District Blanco Library, Inc retained the land and building which houses the library as well as the temporary cash investments.

$30Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBlanco Library INC
EINHdr · item D74-1900287
Principal addressHdr · item CBlanco, TX
WebsiteHdr · item Jwww.blancolib.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B70M)
Ruling yearIRS BMFJul 1990

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice- President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Investment/Audit Officer
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
See Blanco Library INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$21K · 87%
Investment income$3K · 13%
Contributions & grants87%$21K
Investment income13%$3K
Total revenueLn 12$24K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Fundraising $0.24
Program services76%$30K
Fundraising24%$9K
Total functional expensesLn 25$39K

Balance Sheet

Part X · end of year
CashLn 1$77K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$4K
Total net assetsLn 32$1.3M
Months of cash on handcomputed24.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $714K · Operating expenses/yr $39K
220.9 months
Where the money goes
Program services
Program services $30K · Total expenses $39K
76%
Management & General
Management & general $0 · Total expenses $39K
0%
Fundraising
Fundraising $9K · Total expenses $39K
24%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $11K
$0.28 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $21K · Total revenue $24K
87%
Government reliance
Government grants — · Total revenue $24K
Earned-income share
Program service revenue $0 · Total revenue $24K
0%
Investment reliance
Investment income $3K · Total revenue $24K
+13%
Program self-sufficiency
Program service revenue $0 · Total expenses $39K
0%
Growth & trend
Revenue growth (YoY)
This year $24K · Prior year $24K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $143K · FY2024 $24K
-36%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $24K · Expenses $39K
-63%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.3M · Total assets $1.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $237K · Other securities (Pt X, ln 12) $399K · Total assets (Pt X, ln 16) $1.4M
47%
People & payroll
Highest Reported Total Compensation
Individual Marilyn Melton · Reported title President · Highest reported compensation $0 · Total expenses $39K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $39K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 0%
Fundraising cost ratio 44%
Revenue growth 1%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$86
Grants paid · 4 grants · $10K · 2020–2022
Blanco County Library South DistrictFY2022$810
Blanco County Library South DistrictFY2021$3,147
Friends of Blanco LibraryFY2021$1,000
Blanco County Library South DistrictFY2020$4,651

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$24K revenue · viewing · ⤓ 990 PDF
FY2023$24K revenue · ⤓ 990 PDF
FY2022$10K revenue · ⤓ 990 PDF
FY2021$25K revenue · ⤓ 990 PDF
FY2020$143K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.