Abilene Library Consortium
- Assets
- $675.9k
- Revenue
- $520.1k
- Investments
- $82.3k
- Employees
- 5
- Location
- Abilene, TX
- Founding
- 08/1991
- Data as of
- 05/2022
- EIN
- 75-2216565
Organization Overview
Abilene Library Consortium is located in Abilene, TX. The organization was established in 1991. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 05/2022, Abilene Library Consortium employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abilene Library Consortium 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 05/2022, Abilene Library Consortium generated $520.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $574.2k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE INFORMATIONAL, EDUCATIONAL AND CULTURAL RESOURCES IN ABILENE TX AND THE SURROUNDING AREAS BY STRENGTHENING LIBRARY HOLDINGS AND SERVICES. THE ORGANIZATION ALSO PROVIDES LIBRARY AND DATA PROCESSING SERVICES TO LIBRARIES, INSTITUTIONS AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ABILENE LIBRARY CONSORTIUM PROVIDED LIBRARY AND DATA PROCESSING SERVICES TO LIBRARIES, INSTITUTIONS, ORGANIZATIONS AND INDIVIDUALS IN THE ABILENE TEXAS AREA. IN ADDITION, THE CONSORTIUM WAS PROVIDED THE OPPORTUNITY TO ACCOMPLISH SEVERAL DIGITAL ARCHIVING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Draud Treasurer | OfficerTrustee | 1 | $0 |
Donnie Auvenshine President | OfficerTrustee | 1 | $0 |
Robert Rhodes Vice President | OfficerTrustee | 1 | $0 |
Edward Smith Executive Director | Officer | 40 | $0 |
Christopher Mcnair Trustee | Trustee | 1 | $0 |
Mindy Patterson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,690 |
| Total Program Service Revenue | $391,479 |
| Investment income | $18,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $520,101 |
| 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. | $96,937 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,604 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,528 |
| Payroll taxes | $0 |
| Fees for services: Management | $18,937 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,870 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,984 |
| Travel | $4,147 |
| 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 | $2,215 |
| Insurance | $1,015 |
| All other expenses | $0 |
| Total functional expenses | $574,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,888 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,246 |
| 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 | $28,000 |
| Net Land, buildings, and equipment | $625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $82,254 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $327,848 |
| Total assets | $675,861 |
| Accounts payable and accrued expenses | $12,346 |
| 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 | $12,346 |
| Net assets without donor restrictions | $560,460 |
| Net assets with donor restrictions | $103,055 |
| 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 | $675,861 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Abilene Library Consortium has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Abilene Abilene, TX PURPOSE: PROGRAM SUPPORT | $40,000 |
Endowment Analysis
| Beg. Balance | $240,956 |
| Earnings | -$10,225 |
| Admin Expense | $2,111 |
| Grants | $7,960 |
| Ending Balance | $220,660 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lctcs Facilities Corporation New Orleans, LA | $415,855,492 | $43,562,374 |
Cumberland Academy Tyler, TX | $91,837,212 | $22,775,705 |
Healthy School Food Collaborative New Orleans, LA | $2,253,600 | $20,882,496 |
Provident Oklahoma Education Resources Baton Rouge, LA | $5,000 | $54,481,089 |
Redesign Schools Louisiana Baton Rouge, LA | $2,219,135 | $10,040,399 |
Learn Lonestar Education And Research Network Lubbock, TX | $26,698,796 | $7,275,450 |
Learning Forward Richardson, TX | $5,036,186 | $5,068,048 |
Wilco Montessori Partners Georgetown, TX | $1,123,507 | $4,175,636 |
Catalyst Education New Orleans, LA | $4,849,256 | $2,637,014 |
Orchard Foundation Alexandria, LA | $7,454,172 | $2,296,059 |
Bowling Green School Franklinton, LA | $5,239,494 | $3,010,264 |
Multilateral Endowment Management Company Edmond, OK | $918,741 | $2,430,214 |