Davidson County Library Foundation Inc in Lexington, North Carolina (NC)
Table of contents:
| Davidson County Library Foundation Inc | |
| Employer Identification Number (EIN) | 581539146 |
| Name of Organization | Davidson County Library Foundation Inc |
| Address | 602 S Main St, Lexington, NC 27292-3239 |
| Activities | Library, Described in section 170(b)1)(a)(vi) of the Code, Literary activities |
| Subsection | Charitable Organization |
| Ruling Date | 12/1983 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $177,680 |
| Amount of Income | $27,819 |
| Form 990 Revenue Amount | $27,819 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: |
Non-representatives - add comments:
Amount of income in 2014: $27,819 (it was $30,577 in 2013)
| This organization: | $27,819 |
| Other organizations performing similar types of work: | $128,148 |
Assets in 2014: $177,680 (it was $180,623 in 2013)
| This organization: | $177,680 |
| Other organizations performing similar types of work: | $394,149 |
Expenses in 2013: $24,948
| Davidson County Library Foundation Inc: | $24,948 |
| Other organizations performing similar types of work: | $79,419 |
Income to expenses ratio in 2013: 1.1
| Davidson County Library Foundation Inc: | 1.1 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 99.5%
| This organization: | 99.5% |
| Other organizations performing similar types of work: | 32.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $34,500 | $30,577 |
| Contributions, gifts, grants, and similar amounts received | $34,323 | $30,436 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $177 | $141 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $21,894 | $24,948 |
| Total net assets | $174,994 | $180,623 |
| Excess/Deficit for the year | $12,606 | $5,629 |
| Net assets or fund balances at beginning of year | $162,388 | $174,994 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $180,623 | |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $174,994 | $180,623 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $174,994 | $180,623 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | |
| Total amount involved | $0 | |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $251,462 |
| Subtotal | $251,462 |
| Gifts, grants, contributions, and membership fees received | $229,006 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $22,456 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $252,323 |
| Public support | $251,462 |
| Subtotal | $861 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $861 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Robert Charles Bunn Seattle Public Library Fund Sea-First Natl Bk Tte | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1976-03 | $16,747,872 |
| 2 | Stark County District Library | 715 Market Ave N, Canton, OH 44702-1018 | OH | 1953-02 | $14,216,684 |
| 3 | Friends And Foundation Of The Rochester Public Library | 115 South Ave, Rochester, NY 14604-1817 | NY | 1989-07 | $9,068,556 |
| 4 | Trustees Of The Haverhill Public Library | 99 Main St, Haverhill, MA 01830-5044 | MA | 1973-02 | $6,899,602 |
| 5 | Sacramento Public Library Foundation | 828 I St, Sacramento, CA 95814-2508 | CA | 1992-03 | $1,629,530 |
| 6 | Millbrook Free Library Tr | PO BOX 1447, Millbrook, NY 12545-1447 | NY | 1982-10 | $1,475,224 |
| 7 | Talbot County Free Library Association Incorporated | 100 W Dover St, Easton, MD 21601-2620 | MD | 1975-11 | $1,361,885 |
| 8 | Ellen J Lewis Trust For Public Library Of Catasauqua | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1972-04 | $953,859 |
| 9 | Wellesley Free Library Centennial Fund | 530 Washington St, Wellesley, MA 02482-5916 | MA | 1984-07 | $855,276 |
| 10 | Shelter Island Public Library | PO BOX 2016, Shelter Is, NY 11964-2016 | NY | 1962-09 | $818,285 |
| 11 | Tiffin Seneca Library Foundation | 77 Jefferson St, Tiffin, OH 44883-2339 | OH | 1992-07 | $212,153 |
| 12 | Rockbridge Regional Library Foundation | 138 S Main St, Lexington, VA 24450-2316 | VA | 1992-12 | $194,201 |
| 13 | Taneyhills Library Club | 400 S 4th Street, Branson, MO 65616 | MO | 1975-10 | $179,949 |
| 14 | South Dakota Library Association | 28363 472nd Ave, Worthing, SD 57077-5722 | SD | 1984-04 | $174,257 |
| 15 | Salem Public Library Memorial Fund Association | 821 E State St, Salem, OH 44460-2223 | OH | 1958-12 | $165,439 |
| 16 | Thousand Oaks Library Foundation | 1401 E Janss Rd, Thousand Oaks, CA 91362-2134 | CA | 1983-10 | $158,768 |
| 17 | Davidson County Library Foundation Inc | 602 S Main St, Lexington, NC 27292-3239 | NC | 1983-12 | $27,819 |
| 18 | Friends Of The Lewisville Library | Po Box 464, Lewisville, NC 27023 | NC | 1995-08 | $0 |
| 19 | Friends Of The Library Rourk Branch | 5068 Main Street, Shallotte, NC 28470 | NC | 1992-08 | $0 |
| 20 | Robbins Area Library Fund Inc Theron K Bell | Po Box 1059, Robbins, NC 27325 | NC | 1991-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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