Harper Library EIN 76-0766156 Form 990 (PDF) Claim this org

Harper Library FY2024 filing

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Offers library services to Harper residents, fostering community knowledge growth. For fiscal year 2024 it reported $293K in revenue, $123K in expenses, and $939K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Harper, TX
Filings
6 on file (2020–2024)
Revenue
$293KFY2024
Expenses
$123K
Net assets
$939K
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  76-0766156 Public charity (501(c)(3)) Harper, TX
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Offers library services to Harper residents, fostering community knowledge growth.
Leadership
Jo Ann Chunn · Secretary
Money in and out
$293K revenue, $123K expenses
Bottom line
93% program efficiency
Where the money goes · FY2024
Total revenue
$293K
Pt VIII · Ln 12
Total expenses
$123K
Pt IX · Ln 25
Net assets
$939K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $170K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs
Operating runway
49.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+58%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$293K
FY2024▲ +191%
Expenses
$123K
FY2024▲ +22%
Total assets
$939K
FY2024▲ +26%
Total liabilities
$0
FY2024
Total revenue
$293K
Pt VIII · Ln 12
Total expenses
$123K
Pt IX · Ln 25
Net assets
$939K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$170K
Total assetsPt X · Ln 16$939K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $113K of program spending, described in the organization's own filed words · FY2024.
01

To provide a library to expand the knowledge of residents of the harper community and to provide various workshops, programs and seminars held annually for the individuals of the community of harper, TX.

$113Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHarper Library
EINHdr · item D76-0766156
Principal addressHdr · item CHarper, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B70)
Ruling yearIRS BMFJan 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Harper Library executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$194K · 66%
Program service revenue$92K · 31%
Investment income$8K · 3%
Contributions & grants66%$194K
Program service revenue31%$92K
Investment income3%$8K
— government grantsLn 1e$9K
Total revenueLn 12$293K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$115K
Management & general7%$8K
Total functional expensesLn 25$123K

Balance Sheet

Part X · end of year
CashLn 1$377K
Total assetsLn 16$939K
Total liabilitiesLn 26$0
Total net assetsLn 32$939K
Months of cash on handcomputed36.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $507K · Operating expenses/yr $123K
49.4 months
Where the money goes
Program services
Program services $115K · Total expenses $123K
93%
Management & General
Management & general $8K · Total expenses $123K
7%
Fundraising
Fundraising $0 · Total expenses $123K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $64K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $194K · Total revenue $293K
66%
Government reliance
Government grants $9K · Total revenue $293K
3%
Earned-income share
Program service revenue $92K · Total revenue $293K
31%
Investment reliance
Investment income $8K · Total revenue $293K
+3%
Program self-sufficiency
Program service revenue $92K · Total expenses $123K
75%
Growth & trend
Revenue growth (YoY)
This year $293K · Prior year $101K
+191%
Revenue CAGR
FY2020 $40K · FY2024 $293K
+65%
Net-asset trend (YoY)
End of year $939K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $293K · Expenses $123K
+58%
Liabilities-to-Assets
Total liabilities — · Total assets $939K
Net-asset ratio
Net assets $939K · Total assets $939K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $130K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $939K
14%
People & payroll
Highest Reported Total Compensation
Individual Jo Ann Chunn · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $123K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $24K · Total expenses $123K
19%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth 191%
Accounting fee ratio 0.7%

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$88

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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)$188K revenue · ⤓ 990 PDF
FY2024$293K revenue · viewing · ⤓ 990 PDF
FY2023$101K revenue · ⤓ 990 PDF
FY2022$73K revenue · ⤓ 990 PDF
FY2021$50K revenue · ⤓ 990 PDF
FY2020$40K revenue · ⤓ 990 PDF

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Sources

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