Tennessee Library Association
- Assets
- $116.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sparta, TN
- Founding
- 09/1988
- Data as of
- 06/2024
- EIN
- 62-0792105
Organization Overview
Tennessee Library Association is located in Sparta, TN. The organization was established in 1988. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, 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. Tennessee Library Association 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 06/2024, Tennessee Library Association generated $27.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $47.6k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
ASSOCIATION PROVIDES MEMBER SERVICES SUCH AS NEWSLETTER TO EDUCATE ITS MEMBERS, YEARLY CONFERENCE FOR CONTINUING EDUCATION,AND OPPORTUNITIES FOR DISCUSSION OF RECENT DEVELOPMENTS IN THE FIELD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight Hunter Past President | 0 | $0 | |
Holly Hebert Recording Secretary | 0 | $0 | |
Vanessa Owen President Elect | 0 | $0 | |
Rhonda Tippitt President | 0 | $0 | |
Cathy Farley Executive Director | 10 | $14,679 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $28,298 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,951 |
| Other Revenue | $953 |
| Total Revenue | $27,310 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,679 |
| Professional fees and other payments to independent contractors | $6,685 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $438 |
| Other expenses | $25,808 |
| Total expenses | $47,610 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $116,918 |
| Other assets | $0 |
| Total assets | $116,918 |
| Total liabilities | $0 |
| Net assets or fund balances | $116,918 |