Trustees And Friends Of Freeman Memorial Library in Houston, Texas (TX)

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Trustees And Friends Of Freeman Memorial Library
Employer Identification Number (EIN)741533397
Name of OrganizationTrustees And Friends Of Freeman Memorial Library
Address16616 Diana Ln, Houston, TX 77062-5812
ActivitiesLibrary
SubsectionEducational Organization
Ruling Date05/1966
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period05/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$177,551
Amount of Income$79,123
Form 990 Revenue Amount$79,123


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Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$90,015$87,298$79,123
Contributions, gifts, grants, and similar amounts received$13,393$9,245$5,693
Program service revenue including government fees and contracts$71,396$74,022$69,083
Membership dues and assessments$4,260$3,400$3,175
Investment income$966$631$1,172
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$0$0$0
Other revenue$0$0$0
Total expenses$77,429$101,504$102,168
Total net assets$214,802$200,596$177,551
Excess/Deficit for the year$12,586$-14,206$-23,045
Net assets or fund balances at beginning of year$202,216$214,802$200,596
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$200,596$177,551
Balance Sheets
201220132014
Total assets$214,802$200,596$177,551
Total liabilities$0$0$0
Net assets or fund balances$214,802$200,596$177,551
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
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?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
Total amount involved$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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
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 supported90,954
Sum of amounts of support$0
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