Brownwood Community Library Association
- Assets
- $576.6k
- Revenue
- $381.9k
- Investments
- $35.8k
- Employees
- 9
- Location
- Brownwood, TX
- Founding
- 05/1961
- Data as of
- 09/2023
- EIN
- 75-1050644
Organization Overview
Brownwood Community Library Association is located in Brownwood, TX. The organization was established in 1961. As of 09/2023, Brownwood Community Library Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brownwood Community 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 09/2023, Brownwood Community Library Association generated $381.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $296.5k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION'S MISSION IS TO PROVIDE A FREE PUBLIC LIBRARY FOR THE RESIDENTS OF BROWNWOOD AND BROWN COUNTY, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE PROGRAM ACTIVITY IS THE MAINTENANCE AND OPERATION OF A FREE PUBLIC LIBRARY FOR THE RESIDENTS OF BROWNWOOD AND BROWN COUNTY, TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Allen Director | Trustee | 1 | $0 |
Eva Bush Director | Trustee | 1 | $0 |
Carrie Harding Secretary | OfficerTrustee | 1 | $0 |
Christopher Munson Director | Trustee | 1 | $0 |
Raul Garcia President | OfficerTrustee | 1 | $0 |
Carmaleta Felton Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,500 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $302,002 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $336,577 |
| Total Program Service Revenue | $0 |
| Investment income | $4,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,040 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $381,871 |
| 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 | $162,507 |
| Pension plan accruals and contributions | $2,068 |
| Other employee benefits | $15,995 |
| Payroll taxes | $12,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $947 |
| Office expenses | $7,891 |
| Information technology | $12,459 |
| Royalties | $0 |
| Occupancy | $24,561 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $382 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,841 |
| All other expenses | $0 |
| Total functional expenses | $296,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,700 |
| Savings and temporary cash investments | $175,001 |
| 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 | $284,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,766 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $576,599 |
| Accounts payable and accrued expenses | $608 |
| 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 | $608 |
| Net assets without donor restrictions | $546,490 |
| Net assets with donor restrictions | $29,501 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $576,599 |