Jackson Madison County Library Foundation
- Assets
- $656.9k
- Revenue
- $687.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, TN
- Founding
- 10/2002
- Data as of
- 12/2021
- EIN
- 62-1835909
Organization Overview
Jackson Madison County Library Foundation is located in Jackson, TN. The organization was established in 2002. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. Jackson Madison County Library Foundation 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 12/2021, Jackson Madison County Library Foundation generated $687.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 51.8% each year . All expenses for the organization totaled $106.9k during the year ending 12/2021. While expenses have increased by 13.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE JACKSON MADISON COUNTY LIBRARY FOUNDATION WAS CREATED AS A TENNESSEE NON PROFIT CORPORATION FOR THE PURPOSES OF PROVIDING, ORGANIZING AND ADMINISTERING SUPPORT TO THE JACKSON MADISON COUNTY LIBARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JACKSON MADISON COUNTY LIBRARY FOUNDATION PROJECTS RAISE FUNDS AND ADMINISTERS SUPPORT TO THE JACKSON MADISON COUNTY LIBARY. THE FOUNDATION PURCHASES BOOKS, EQUIPMENT, AND FIXTURES NEEDED AT BOTH LOCATIONS OF THE LIBARY. THE PROJECTS HELPS KEEP THE COMMUNITY AWARE OF THE LIBRARY.
JACKSON MADISON COUNTY BICENTENNIAL COMMISSION RAISES FUNDS TO PLAN, COORDINATE, PROMOTE AND ADMINISTER EVENTS CELEBRATING AND COMMEMORATING THE BICENTENNIAL ANNIVERSARY OF THE CITY AND COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Farmer Vice-Chair | Officer | 0.5 | $0 |
Lynda Climer Chair | Officer | 4 | $0 |
Robyn Lents Secretary | Officer | 1 | $0 |
Mary Elaine Christian Treasurer | Officer | 2 | $0 |
Brenda Whalley Board Member | Trustee | 0.5 | $0 |
Bridgette Mckinnon Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,443 |
| Related organizations | $0 |
| Government grants | $550,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $695,002 |
| Total Program Service Revenue | $0 |
| Investment income | $178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,653 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,868 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $687,648 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,961 |
| Office expenses | $875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213 |
| Insurance | $4,949 |
| All other expenses | $714 |
| Total functional expenses | $106,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $650,949 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $656,901 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $656,901 |
| Total liabilities and net assets/fund balances | $656,901 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jackson Madison County Library Foundation has recieved totaling $109.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $109 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lyrasis Atlanta, GA | $57,303,144 | $78,536,382 |
Robert W Woodruff Library Of The Atlanta University Center Inc Atlanta, GA | $36,750,621 | $14,706,719 |
Mobius Columbia, MO | $4,062,831 | $7,262,645 |
Fontana Regional Library Bryson City, NC | $3,949,070 | $3,576,120 |
Hall County Library System Gainesville, GA | $3,250,117 | $3,142,745 |
Blackwater Regional Library Courtland, VA | $2,907,987 | $2,595,036 |
Mid Mississippi Regional Library Kosciusko, MS | $3,966,334 | $2,186,480 |
Cli Prison Alliance Inc Raleigh, NC | $1,246,885 | $2,394,225 |
National Sporting Library Incorporated Middleburg, VA | $24,531,630 | $3,372,979 |
Tenn-Share Alcoa, TN | $1,129,556 | $1,846,388 |
North Shelby Library District A Public Corporation Birmingham, AL | $2,809,920 | $1,559,190 |
Dothan Houston County Library System Dothan, AL | $5,383,085 | $1,651,262 |