Friends Of The Lubbock Public Library Inc in Lubbock, Texas (TX)

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Friends Of The Lubbock Public Library Inc
Employer Identification Number (EIN)756063293
Name of OrganizationFriends Of The Lubbock Public Library Inc
Address1306 9th St, Lubbock, TX 79401-2798
ActivitiesOther school related activities, Library
SubsectionEducational Organization, Literary Organization
Ruling Date12/1967
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$229,199
Amount of Income$198,963
Form 990 Revenue Amount$167,302


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$146,107$162,171$167,302
Contributions, gifts, grants, and similar amounts received$29,088$26,636$40,049
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$1,071$570$1,133
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$115,948$134,965$126,120
Gross sales of inventory, less returns and allowances$145,728$170,563$157,781
Less: cost of goods sold$29,780$35,598$31,661
Other revenue$0$0$0
Total expenses$132,827$149,746$183,864
Total net assets$231,852$244,277$227,715
Excess/Deficit for the year$13,280$12,425$-16,562
Net assets or fund balances at beginning of year$218,572$231,852$244,277
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$231,852$244,277$227,715
Balance Sheets
201120122013
Total assets$234,415$246,643$229,199
Total liabilities$2,563$2,366$1,484
Net assets or fund balances$231,852$244,277$227,715
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
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?NoNoNo
Total amount involved$0$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$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?NoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$170,456
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