Jal Public Library Fund
- Assets
- $27.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 15
- Location
- Jal, NM
- Founding
- 08/1973
- Data as of
- 06/2021
- EIN
- 85-0226305
Organization Overview
Jal Public Library Fund is located in Jal, NM. The organization was established in 1973. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2021, Jal Public Library Fund employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jal Public Library Fund 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 06/2021, Jal Public Library Fund generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 4.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNCTION AS CITY LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE IS THE PROVISION OF A PUBLIC LIBRARY IN JAL, NEW MEXICO. THE NUMBER OF PERSONS BENEFITED IS NOT KNOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph O'briant III Chairman | OfficerTrustee | 1 | $7,800 |
David Brian Snider Vice Chairman | OfficerTrustee | 1 | $3,900 |
Brad Beckham Trustee | Trustee | 1 | $3,900 |
Carroll Leavell Partial Year Secretary | OfficerTrustee | 1 | $1,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,306 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,306 |
| Total Program Service Revenue | $0 |
| Investment income | $725,153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $792,934 |
| Net Rental Income | $165,125 |
| Net Gain/Loss on Asset Sales | $1,139,018 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$6,465 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,040,405 |
| 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. | $14,400 |
| Compensation of current officers, directors, key employees. | $14,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $358,709 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $141,182 |
| Payroll taxes | $28,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,871 |
| Fees for services: Accounting | $27,576 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,503 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,446 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $149,220 |
| Travel | $4,117 |
| 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 | $108,393 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,046,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,848 |
| Savings and temporary cash investments | $426,976 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,925 |
| 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 | $3,723,126 |
| Investments—publicly traded securities | $22,221,726 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $475,963 |
| Total assets | $27,094,564 |
| Accounts payable and accrued expenses | $78,476 |
| 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 | $78,476 |
| Net assets without donor restrictions | $27,016,088 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $27,094,564 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Colorado Library Consortium Centennial, CO | $4,049,105 | $6,616,674 |
Rosenberg Library Association Galveston, TX | $38,547,435 | $5,322,146 |
Outreach United Resource Center Inc Longmont, CO | $8,325,883 | $5,899,409 |
Texas Rangers Baseball Foundation Arlington, TX | $31,952,885 | $4,231,744 |
Texas Library Association Austin, TX | $3,885,906 | $2,023,532 |
Sedona Public Library Sedona, AZ | $7,250,372 | $2,554,776 |
Desert Foothills Library Association Cave Creek, AZ | $11,787,133 | $1,313,288 |
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 |