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← MADISON COUNTY LIBRARY INCORPORATED

Form 990 for tax year 2023

Filed by MADISON COUNTY LIBRARY INCORPORATED.

Totals

Total revenue
$372,357
Total expenses
$326,406
Contributions and grants received
$333,439
Grants paid
$0
Program service revenue
$3,634
Investment income
$28,580
Other revenue
$6,704
Total assets, end of year
$1,117,115
Total liabilities, end of year
$5,777
Net assets or fund balances, end of year
$1,111,338
Program services expenses (Part IX)
$305,096
Management and general expenses
$15,423
Fundraising expenses
$5,887
Program service expenses (Part III)
$305,096

Program services were 93.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $243,065

  • 1f · All other contributions, gifts and grants

    $90,374

  • 2a · Program service revenue: FRONT DESK SALES

    total $3,634 · related or exempt $3,634

  • 3 · Investment income

    total $28,580 · excluded $28,580

  • 11a · Other revenue: OTHER REVENUE

    total $6,704 · related or exempt $6,704

  • 11e · Other revenue, total

    $6,704

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $72,988 · program services $61,337 · management and general $11,651

  • 7 · Other salaries and wages

    total $87,045 · program services $87,045

  • 9 · Other employee benefits

    total $4,886 · program services $4,886

  • 10 · Payroll taxes

    total $15,223 · program services $15,223

  • 11c · Fees: accounting

    total $3,600 · management and general $3,600

  • 13 · Office expenses

    total $20,261 · program services $14,374 · fundraising $5,887

  • 22 · Depreciation, depletion and amortization

    total $26,180 · program services $26,180

  • 23 · Insurance

    total $5,606 · program services $5,606

  • 24a · Other expenses: BOOKS, MAGAZINES, ETC.

    total $44,533 · program services $44,533

  • 24b · Other expenses: UTILITIES

    total $20,323 · program services $20,323

  • 24c · Other expenses: COMPUTER EXPENSES

    total $9,679 · program services $9,679

  • 24d · Other expenses: READING PROGRAM

    total $7,041 · program services $7,041

  • 24e · All other expenses

    total $9,041 · program services $8,869 · management and general $172

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,445 · end of year $12,655

  • 2 · Savings and temporary cash investments

    beginning of year $121,169 · end of year $149,745

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,186 · end of year $8,600

  • 10a · Land, buildings and equipment: cost or other basis

    $993,350

  • 10b · Land, buildings and equipment: accumulated depreciation

    $585,346

  • 10c · Land, buildings and equipment, net

    beginning of year $411,090 · end of year $408,004

  • 11 · Investments: publicly traded securities

    beginning of year $503,305 · end of year $538,111

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,440 · end of year $5,777

  • 27 · Net assets without donor restrictions

    beginning of year $761,082 · end of year $796,126

  • 28 · Net assets with donor restrictions

    beginning of year $295,673 · end of year $315,212

Mission and programs · 2023

Mission

PROVIDE LIBRARY SERVICES TO MADISON COUNTY.

  • PROVIDING A PUBLIC LIBRARY FOR CITIZENS OF MADISON COUNTY, VA.

    Expenses $305,096 · Revenue $3,634

As filed on the 2023 return.

Listed in Part VII

  • Bonnie Utz

    LIBRARIAN

    Total calculated
    $47,316
    From this org
    $47,316
    From related orgs
    $0
    Other
    $0
    Hours/week
    38

  • Gary Jones

    TREASURER

    Total calculated
    $23,711
    From this org
    $23,711
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • Tracy Bond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Katy Cashman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sam Cate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joe Goodall

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Diane Heckel

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • James Jewett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ruth Miles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jill Quinley

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Kate Rakowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cindy Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
16 October 2024
IRS schema version
2023v5.0
Source object
202443029349301474

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