H Grady Bradshaw Chambers County Lib & Cobb Memo Arc Foundation Inc
- Assets
- $2.8m
- Revenue
- $98.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Valley, AL
- Founding
- 06/1976
- Data as of
- 09/2023
- EIN
- 23-7448554
Organization Overview
H Grady Bradshaw Chambers County Lib & Cobb Memo Arc Foundation Inc is located in Valley, AL. The organization was established in 1976. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H Grady Bradshaw Chambers County Lib & Cobb Memo Arc Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, H Grady Bradshaw Chambers County Lib & Cobb Memo Arc Foundation Inc generated $98.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $95.3k during the year ending 09/2023. While expenses have increased by 0.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EFFORTS AND EXPENDITURES ARE FOR THE SUPPORT OF A PUBLIC LIBRARY WITH TWO LOCATIONS AND FOR AN ARCHIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Freeman Chairman | 1 | $0 | |
Early Mcknight Jr Vice Chairman/treasurer | 2 | $0 | |
Trudye Johnson Secretary | 1 | $0 | |
Rose Wood Trustee | 1 | $0 | |
Elinor Crowder Trustee | 1 | $0 | |
Alison Yarbrough Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $67,500 |
| Interest on Savings | $28,449 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $130 |
| Other Income | $2,667 |
| Total Revenue | $98,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $46,650 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,687 |
| Total operating and administrative expenses | $70,337 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $95,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,304 |
| Savings and temporary cash investments | $1,044,285 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $28,056 |
| Prepaid expenses and deferred charges | $1,006 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,734,148 |
| Other assets | $205 |
| Total assets | $2,816,004 |
| Accounts payable and accrued expenses | $4,813 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,813 |