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Nonprofiteer
← MADISON COUNTY LIBRARY INCORPORATED

Form 990 for tax year 2024

Filed by MADISON COUNTY LIBRARY INCORPORATED.

Totals

Total revenue
$358,864
Total expenses
$356,975
Contributions and grants received
$311,824
Grants paid
$0
Program service revenue
$1,975
Investment income
$39,119
Other revenue
$5,946
Total assets, end of year
$1,133,362
Total liabilities, end of year
$3,849
Net assets or fund balances, end of year
$1,129,513
Program services expenses (Part IX)
$334,578
Management and general expenses
$17,065
Fundraising expenses
$5,332
Program service expenses (Part III)
$334,578

Program services were 93.7% 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)

    $255,597

  • 1f · All other contributions, gifts and grants

    $56,227

  • 2a · Program service revenue: FRONT DESK SALES

    total $1,975 · related or exempt $1,975

  • 3 · Investment income

    total $39,119 · excluded $39,119

  • 11a · Other revenue: OTHER REVENUE

    total $5,946 · related or exempt $5,946

  • 11e · Other revenue, total

    $5,946

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $81,242 · program services $68,205 · management and general $13,037

  • 7 · Other salaries and wages

    total $90,710 · program services $90,710

  • 9 · Other employee benefits

    total $5,502 · program services $5,502

  • 10 · Payroll taxes

    total $18,268 · program services $18,268

  • 11c · Fees: accounting

    total $3,850 · management and general $3,850

  • 13 · Office expenses

    total $27,188 · program services $21,856 · fundraising $5,332

  • 22 · Depreciation, depletion and amortization

    total $27,121 · program services $27,121

  • 23 · Insurance

    total $7,192 · program services $7,192

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

    total $41,217 · program services $41,217

  • 24b · Other expenses: UTILITIES

    total $24,791 · program services $24,791

  • 24c · Other expenses: REPAIR/MAINTENANCE

    total $10,764 · program services $10,764

  • 24d · Other expenses: COMPUTER EXPENSES

    total $7,560 · program services $7,560

  • 24e · All other expenses

    total $11,570 · program services $11,392 · management and general $178

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,655 · end of year $13,794

  • 2 · Savings and temporary cash investments

    beginning of year $149,745 · end of year $131,992

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,600 · end of year $9,035

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

    $996,960

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

    $609,123

  • 10c · Land, buildings and equipment, net

    beginning of year $408,004 · end of year $387,837

  • 11 · Investments: publicly traded securities

    beginning of year $538,111 · end of year $590,704

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,777 · end of year $3,849

  • 27 · Net assets without donor restrictions

    beginning of year $796,126 · end of year $784,780

  • 28 · Net assets with donor restrictions

    beginning of year $315,212 · end of year $344,733

Mission and programs · 2024

Mission

PROVIDE LIBRARY SERVICES TO MADISON COUNTY.

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

    Expenses $334,578 · Revenue $1,975

As filed on the 2024 return.

Listed in Part VII

  • Bonnie Utz

    LIBRARIAN

    Total calculated
    $54,651
    From this org
    $54,651
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Gary Jones

    TREASURER

    Total calculated
    $24,963
    From this org
    $24,963
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • Charles Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sam Cate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mary Anne Hankla

    DIRECTOR

    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

  • Sandra Nowell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jill Quinley

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Kate Rakowski

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Cindy Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Molly Walters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cheryl Yowell

    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
2024
Filed
9 October 2025
IRS schema version
2024v5.0
Source object
202543189349313104

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