Decatur Library Foundation

Tax-deductible

Decatur, TX501(c)(3)EducationEIN 75-3050198

The purpose of the foundation is to enhance the decatur public library by pursuing and accepting gifts, grants, and endowments consistent with its designation under the internal revenue code as a 501(c)(3) organization, to benefit library service in the community.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 3
filings with a surplus
Average surplus $66K a year · 42% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
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
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$95K
-58% vs prior year
Spent
$95K
To programs
96%
Net assets
$1.2M
By yearFY2022–FY2024
Revenue
$95K
FY2024▼ -58%
Revenue by fiscal year
FY2022$155K
FY2023$226K
FY2024$95K
Expenses
$95K
FY2024▼ -46%
Expenses by fiscal year
FY2022$9K
FY2023$173K
FY2024$95K
Net assets
$1.2M
FY2024+0.03%
Net assets by fiscal year
FY2022$1.2M
FY2023$1.2M
FY2024$1.2M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2002.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $91K Management & general 4% · $3K

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Library Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Decatur Library Foundation executive salaries →

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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
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports the public library through gifts, grants, and endowments for community benefit.

Provided by the organization

This section is blank until Decatur Library Foundation claims this page.

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2 program services account for $91K of program spending, described in the organization's own filed words · FY2024.
01

Programs provided by the foundation to promote and encourage reading by children in wise county, texas.

$91Kprogram expense
02

Other support services needed to enhance the decatur library.

Pt IX · col B

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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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$30K
Grants paid · 2 grants · $253K · 2023–2024
Decatur Public LibraryFY2024$82,461
Decatur Public LibraryFY2023$170,203

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$95K
Ln 12
Gifts and grantsLn 1h$63K
Investment incomeLn 3$32K
Fees for servicesLn 2g$4K
Money outPt IX
$95K
Ln 25
Programscol B$91K
Managementcol C$3K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$61K
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$63K
Fees for servicesLn 2g$4K
Investment incomeLn 3$32K
Gains on assetsLn 7−$8K
Total revenueLn 12$95K
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$49K
Cash and savings togetherLn 1–2$61K
InvestmentsLn 11–13$573K
Land, buildings, equipmentLn 10c$608K
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$206K$61K
InvestmentsLn 11–13$1.0M$573K
Land, buildings, equipmentLn 10c$0$608K
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$82K$82K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$40$40
Depreciation, depletion and amortizationLn 22$7K$7K
Other expenses (24a–d)Ln 24$3K$2K$593
Total functional expensesLn 25$95K$91K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $95K$95K$334$1.2M 990 PDF
FY2023 $226K$173K$52K$1.2M 990 PDF
FY2022 $155K$9K$146K$1.2M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $94,839 across 8 lines filed
VIII-1b Membership dues$360
VIII-1f All other contributions, gifts and grants$62,770
VIII-1h Total contributions, gifts and grants$63,130
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,366$4,366
VIII-3 Investment incomeRelated to mission $27,173 · Excluded from tax $12,807$39,980
VIII-7 Net gain or loss on sales of assetsRelated to mission −$7,922−$7,922
VIII-8 Net income from fundraising eventsExcluded from tax $0−$4,715
VIII-12 Total revenueRelated to mission $23,617 · Unrelated business $0 · Excluded from tax $12,807$94,839
Part IX · Statement of functional expenses $94,505 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $82,461$82,461
IX-11c Accounting feesManagement $2,825$2,825
IX-13 Office expensesManagement $40$40
IX-22 Depreciation, depletion and amortizationPrograms $6,521$6,521
IX-24 Other expenses (24a–d)Programs $2,065 · Management $593$2,658
IX-25 Total functional expensesPrograms $91,047 · Management $3,458 · Fundraising $0$94,505
Part X · Balance sheet $1,242,360 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $142,956$12,167
X-2 Savings and temporary cash investmentsStart of year $63,009$49,187
X-10c Land, buildings and equipment, netStart of year $0$608,033
X-12 Other securitiesStart of year $1,036,061$572,973
X-16 Total assetsStart of year $1,242,026$1,242,360
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,242,026$1,242,360
X-32 Total net assets or fund balancesStart of year $1,242,026$1,242,360
X-33 Total liabilities and net assetsStart of year $1,242,026$1,242,360
Part XI · Reconciliation of net assets $1,242,360 net assets at year end
XI-1 Total revenue$94,839
XI-2 Total expenses$94,505
XI-3 Revenue less expenses$334
XI-4 Net assets at start of year$1,242,026
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,242,360

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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