The Library at Cedar Creek Lake EIN 75-2680229

The Library at Cedar Creek Lake

EIN  75-2680229 Public charity (501(c)(3)) Kemp, TX
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Size
$100K–1M
What they do
Provides library services to over 50,000 people in a rural, three-county area.
Leadership
Valarie Bahm · Director
Money in and out
$346K revenue, $196K expenses
Bottom line
90% program efficiency

Provides library services to over 50,000 people in a rural, three-county area. For fiscal year 2025 it reported $346K in revenue, $196K in expenses, and $529K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$346K
Pt VIII · Ln 12
Total expenses
$196K
Pt IX · Ln 25
Net assets
$529K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $150K
Where spending went · Part IX cols B–D
Program services $0.90 Fundraising $0.10
Program efficiency
90%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
32.6mo
months of highly liquid reserves at operating expense rate▲ +49% vs prior filing year
Surplus margin
+43%
revenue over expenses, this year▲ +611% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$346K
FY2025▲ +82%
Expenses
$196K
FY2025▼ -5%
Total assets
$532K
FY2025▲ +39%
Total liabilities
$3K
FY2025▼ -28%
Total revenue
$346K
Pt VIII · Ln 12
Total expenses
$196K
Pt IX · Ln 25
Net assets
$529K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$150K
Total assetsPt X · Ln 16$532K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $176K of program spending, described in the organization's own filed words · FY2024.
01

Provide library services to a three county area in rural east texas

$176Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Library at Cedar Creek Lake
EINHdr · item D75-2680229
Principal addressHdr · item CKemp, TX
WebsiteHdr · item Jcedarcreeklibrary.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B70)
Ruling yearIRS BMFMay 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director / T
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director / P
$0Pt VII · Sec A

Sondra Price’s $55K as Ex Officio is at the 46th percentile of top reported officer pay among 1616 $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

NameFY2024FY2023FY2022FY2021FY2020
Sondra Price$54,540$54,540$55,815$50,000$50,000

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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Statement of Revenue

Part VIII
Contributions & grants$339K · 98%
Program service revenue$7K · 2%
Contributions & grants98%$339K
Program service revenue2%$7K
Investment income$106
— government grantsLn 1e$221K
Total revenueLn 12$346K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Fundraising $0.10
Program services90%$176K
Fundraising10%$20K
Total functional expensesLn 25$196K

Balance Sheet

Part X · end of year
CashLn 1$532K
Total assetsLn 16$532K
Total liabilitiesLn 26$3K
Total net assetsLn 32$529K
Months of cash on handcomputed32.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $532K · Operating expenses/yr $196K
32.6 months
Where the money goes
Program services
Program services $176K · Total expenses $196K
90%
Management & General
Management & general $0 · Total expenses $196K
0%
Fundraising
Fundraising $20K · Total expenses $196K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $20K · Solicited contributions (3-yr avg) $81K
$0.25 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $339K · Total revenue $346K
98%
Government reliance
Government grants $221K · Total revenue $346K
64%
Earned-income share
Program service revenue $7K · Total revenue $346K
2%
Investment reliance
Investment income $106 · Total revenue $346K
0%
Program self-sufficiency
Program service revenue $7K · Total expenses $196K
4%
Growth & trend
Revenue growth (YoY)
This year $346K · Prior year $190K
+82%
Revenue CAGR
FY2019 $219K · FY2024 $346K
+10%
Net-asset trend (YoY)
End of year $529K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $346K · Expenses $196K
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $532K
Net-asset ratio
Net assets $529K · Total assets $532K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $532K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Valarie Bahm · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $196K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $115K · Total expenses $196K
59%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 0%
Fundraising cost ratio 6%
Revenue growth 82%
Accounting fee ratio 2%
Fundraising fee ratio 9%

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 · FY2024
Total grants receivedfrom 2 funders$12K

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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)$346K revenue · viewing · ⤓ 990 PDF
FY2024$190K revenue · ⤓ 990 PDF
FY2023$139K revenue · ⤓ 990 PDF
FY2022$227K revenue · ⤓ 990 PDF
FY2021$260K revenue · ⤓ 990 PDF
FY2020$219K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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