Abilene Library Consortium FY2020 filing

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EIN 75-2216565 Supporting organization Abilene, TX
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$502K
FY2020
Expenses
$575K
FY2020

Form 990 for the fiscal year ending May 2020 (IRS tax year 2019).


Strengthens library resources and services, offering data processing and digital archiving. For fiscal year 2020 it reported $502K in revenue, $575K in expenses, and $752K in net assets.Pt I

Type
Supporting organization · Nonprofit
Location
Abilene, TX
Website
www.alc.org
Filings
6 on file (2020–2020)
Revenue
$502KFY2020
Expenses
$575K
Net assets
$752K
People
5
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Provided by the organization

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Size
$100K–1M
What they do
Strengthens library resources and services, offering data processing and digital archiving.
Leadership
Dr James Hunt · Vice President
Money in and out
$502K revenue, $575K expenses
Bottom line
-15% net inflow

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Community Foundation of Abilene

1 distinct foundation funder(s) on file, $40K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

97% to programs

97% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M

Revenue band $100K–1M. Not enough years on file for a trend. See detail →

Money in and out · FY2020
Total revenue
$502K
Pt VIII · Ln 12
Total expenses
$575K
Pt IX · Ln 25
Net assets
$752K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$73K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Net inflow
-15%
revenue over expenses, this year
Pass-through gifts
29%
of revenue from contributions
Program spending
97%
of expenses reach stated programs

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$765K
FY2020
Total liabilities
$13K
FY2020
Revenue less expensesPt I · Ln 19−$73K
Total assetsPt X · Ln 16$765K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CAbilene Library Consortium
EINHdr · item D75-2216565
Principal addressHdr · item CAbilene, TX
WebsiteHdr · item Jwww.alc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 1991

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Abilene Library Consortium executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $558K of program spending, described in the organization's own filed words · FY2019.
01

Abilene library consortium strengthens library holdings and services by providing library and related data processing services to libraries, institutions, organizations, and individuals in the area

$558Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$350K · 70%
Contributions & grants$146K · 29%
Investment income$4K · 1%
Program service revenue70%$350K
Contributions & grants29%$146K
Investment income1%$4K
Other revenue$2K
Total revenueLn 12$502K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$558K
Management & general3%$17K
Total functional expensesLn 25$575K

Balance Sheet

Part X · end of year
CashLn 1$379K
Total assetsLn 16$765K
Total liabilitiesLn 26$13K
Total net assetsLn 32$752K
Months of cash on handcomputed7.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $379K · Operating expenses/yr $575K
7.9 months
Where the money goes
Program services
Program services $558K · Total expenses $575K
97%
Management & General
Management & general $17K · Total expenses $575K
3%
Fundraising
Fundraising $0 · Total expenses $575K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $146K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $146K · Total revenue $502K
29%
Government reliance
Government grants — · Total revenue $502K
—
Earned-income share
Program service revenue $350K · Total revenue $502K
70%
Investment reliance
Investment income $4K · Total revenue $502K
+0.9%
Program self-sufficiency
Program service revenue $350K · Total expenses $575K
61%
Growth & trend
Revenue growth (YoY)
This year $502K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $752K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $502K · Expenses $575K
-15%
Liabilities-to-Assets
Total liabilities — · Total assets $765K
—
Net-asset ratio
Net assets $752K · Total assets $765K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $765K
0%
People & payroll
Highest Reported Total Compensation
Individual Dr James Hunt · Reported title Vice President · Highest reported compensation $0 · Total expenses $575K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $261K · Total expenses $575K
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising 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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$40K

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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
FY2025 (Latest)$407K revenue · ⤓ 990 PDF
FY2024$388K revenue · ⤓ 990 PDF
FY2023$511K revenue · ⤓ 990 PDF
FY2022$520K revenue · ⤓ 990 PDF
FY2021$500K revenue · ⤓ 990 PDF
FY2020$502K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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