Virgil & Josephine Gordon Memorial Library
- Assets
- $421.7k
- Revenue
- $152.0k
- Investments
- $312.4k
- Employees
- 0
- Location
- Sealy, TX
- Founding
- 03/1984
- Data as of
- 12/2021
- EIN
- 74-2054520
Organization Overview
Virgil & Josephine Gordon Memorial Library is located in Sealy, TX. The organization was established in 1984. 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. Virgil & Josephine Gordon Memorial Library 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, Virgil & Josephine Gordon Memorial Library generated $152.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $149.0k during the year ending 12/2021. While expenses have increased by 1.1% 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VIRGIL & JOSEPHINE GORDON MEMORIAL LIBRARY MISSION IS TO ENHANCE THE QUALITY AND SCOPE OF PUBLIC LIBRARY SERVICE TO THE CITIZENS OF THE CITY OF SEALY AND THE SURROUNDING AREA. THE LIBRARY PROVIDES MATERIALS AND SERVICES TO HELP COMMUNITY RESIDENTS OBTAIN INFORMATION MEETING THEIR PERSONAL, EDUCATIONAL, AND PROFESSIONAL NEEDS. SPECIAL EMPHASIS IS PLACED ON SUPPORTING STUDENTS AT ALL ACADEMIC LEVELS AND ON STIMULATING YOUNG CHILDREN'S INTERESTS AND APPRECIATION FOR READING AND LEARNING.POPULAR SERVICES INCLUDE: INTERNET ACCESS, WIFI HOTSPOT; COPIER AND FAX MACHINES. ALL AUSTIN COUNTY RESIDENTS ARE ENTITLED TO A FREE LIBRARY CARD. PROOF OF RESIDENCY (DRIVER'S LICENSE OR UTILITY BILL) IS REQUIRED. NON-RESIDENTS MAY OBTAIN A LIBRARY CARD FOR A FEE OF $20 PER ANNUM. ANY TEACHER EMPLOYED BY THE LOCAL SCHOOL DISTRICT, BUT NOT A RESIDENT OF AUSTIN COUNTY, MAY ALSO OBTAIN A FREE LIBRARY CARD.THE LIBRARY ALSO PROVIDES ACCESS TO EBOOKS THROUGH SIMPLYE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwayne Virnau President | 2 | $0 | |
Sidney Levine Treasurer | 2 | $0 | |
Terry Arnold Director | 2 | $0 | |
Katie Statham Secretary | 2 | $0 | |
Tara Bond Director | 2 | $0 | |
Helen Burchfield Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $124,411 |
| Interest on Savings | $50 |
| Dividends & Interest | $6,887 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,254 |
| Capital Gain Net Income | $20,254 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $428 |
| Total Revenue | $152,030 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $75,207 |
| Pension plans, employee benefits | $6,050 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $2,120 |
| Occupancy | $10,410 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,298 |
| Total operating and administrative expenses | $149,030 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $149,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,061 |
| Savings and temporary cash investments | $2,045 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $240 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $92,898 |
| Other assets | $0 |
| Total assets | $421,670 |
| Accounts payable and accrued expenses | $21 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $17,217 |
| Other liabilities | $0 |
| Total liabilities | $17,238 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George W Bush Foundation Dallas, TX | $628,846,419 | $37,657,859 |
Pioneer Library System Norman, OK | $5,931,448 | $15,507,691 |
Amigos Library Services Addison, TX | $13,779,793 | $13,572,299 |
Houston Academy Of Medicine Houston, TX | $57,192,263 | $9,726,228 |
Rosenberg Library Association Galveston, TX | $38,547,435 | $5,322,146 |
Texas Rangers Baseball Foundation Arlington, TX | $31,952,885 | $4,231,744 |
Texas Library Association Austin, TX | $3,885,906 | $2,023,532 |
Nicholas P Sims Library And Lyceum Waxahachie, TX | $6,016,321 | $1,456,902 |
T L L Temple Memorial Library & Archives Diboll, TX | $4,162,289 | $853,055 |
Jal Public Library Fund Jal, NM | $27,094,564 | $3,040,405 |
Mid-Continent Geological Library Inc Edmond, OK | $1,595,859 | $293,509 |
Bexar County Medical Library Association San Antonio, TX | $5,494,674 | $707,549 |