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Nonprofiteer
← SOUTHERN OKLAHOMA LIBRARY SYSTEM INCORPORATED

Form 990 for tax year 2023

Filed by SOUTHERN OKLAHOMA LIBRARY SYSTEM INCORPORATED.

Totals

Total revenue
$3,578,111
Total expenses
$1,784,969
Contributions and grants received
$3,247,674
Grants paid
$0
Program service revenue
$83,966
Investment income
$190,212
Other revenue
$56,259
Total assets, end of year
$7,631,121
Total liabilities, end of year
-$8,233
Net assets or fund balances, end of year
$7,639,354
Program services expenses (Part IX)
$1,518,844
Management and general expenses
$261,135
Fundraising expenses
$4,990
Program service expenses (Part III)
$1,518,844

Program services were 85.1% 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.

  • 1c · Fundraising events

    $22,562

  • 1e · Government grants (contributions)

    $2,696,719

  • 1f · All other contributions, gifts and grants

    $528,393

  • 2a · Program service revenue: LIBRARY SERVICES

    total $83,966 · excluded $83,966

  • 3 · Investment income

    total $190,212 · excluded $190,212

  • 5 · Royalties

    total $56,259 · excluded $56,259

  • 8a · Fundraising events: contributions included on line 1c

    $22,562

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $977,592 · program services $792,640 · management and general $184,952

  • 8 · Pension plan contributions

    total $62,471 · program services $62,471

  • 9 · Other employee benefits

    total $92,802 · program services $74,242 · management and general $18,560

  • 10 · Payroll taxes

    total $77,686 · program services $62,149 · management and general $15,537

  • 11b · Fees: legal

    total $4,357 · program services $4,281 · management and general $76

  • 11c · Fees: accounting

    total $12,093 · management and general $12,093

  • 11g · Fees: other

    total $274 · program services $274

  • 12 · Advertising and promotion

    total $830 · program services $830

  • 13 · Office expenses

    total $38,418 · program services $22,462 · management and general $10,966 · fundraising $4,990

  • 14 · Information technology

    total $133,433 · program services $132,783 · management and general $650

  • 16 · Occupancy

    total $41,221 · program services $41,221

  • 17 · Travel

    total $16,210 · program services $6,344 · management and general $9,866

  • 19 · Conferences, conventions and meetings

    total $18,283 · program services $12,690 · management and general $5,593

  • 22 · Depreciation, depletion and amortization

    total $119,635 · program services $119,635

  • 23 · Insurance

    total $27,700 · program services $24,858 · management and general $2,842

  • 24a · Other expenses: GRANT EXPENSE

    total $97,315 · program services $97,315

  • 24b · Other expenses: REVALUATION

    total $39,234 · program services $39,234

  • 24c · Other expenses: DIRECT PROGRAM EXPENSES

    total $16,280 · program services $16,280

  • 24d · Other expenses: PROCESSING/PROGRAM SUPPLI

    total $9,135 · program services $9,135

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,424 · end of year $22,886

  • 2 · Savings and temporary cash investments

    beginning of year $4,988,961 · end of year $6,084,388

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

    $2,857,642

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

    $1,333,795

  • 10c · Land, buildings and equipment, net

    beginning of year $842,569 · end of year $1,523,847

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,742 · end of year -$8,233

  • 27 · Net assets without donor restrictions

    beginning of year $5,320,807 · end of year $7,374,196

  • 28 · Net assets with donor restrictions

    beginning of year $525,405 · end of year $265,158

Mission and programs · 2023

Mission

THE SOUTHERN OKLAHOMA LIBRARY SYSTEM STRENGTHENS COMMUNITIES BY PROVIDING EASY ACCESS TO INFORMATION, INSPIRING CURIOSITY, EMPOWERING THE MIND AND EXPANDING OPPORTUNITIES TO ADVANCE QUALITY OF LIFE.

  • SUMMER READING PROGRAM FOR CHILDREN AND TEENS

    Expenses $226,298

  • CIRCULATION OF MATERIALS, USE OF PUBLIC ACCESS COMPUTERS, IN-HOUSE USE OF MATERIALS (NEWSPAPERS, REFERENCE BOOKS, PERIODICALS, MICROFILM, ETC.) PROGRAM ATTENDANCE AND REFERENCE QUESTIONS

    Expenses $45,114

  • UPGRADES TO TECHNOLOGY HAVE ENABLED LIBRARY PATRONS TO REVIEW OUR COLLECTIONS ON THE INTERNET, RENEW MATERIALS AND PLACE REQUESTS FROM HOME. ALL CITIZENS WITHIN THE REGION BENEFIT FROM THE UPGRADES.

    Expenses $31,161

  • READING AND LITERACY PROGRAMS, LECTURE SERIES AND COMPUTER EDUCATION

    Expenses $1,216,271

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Corie Delashaw

    TRUSTEE

    Total calculated
    $0

  • Heath Foster

    VICE CHAIR

    Total calculated
    $0

  • Dottie Gwin

    TRUSTEE

    Total calculated
    $0

  • Melissa Hudson

    TRUSTEE

    Total calculated
    $0

  • Debbie James

    TRUSTEE

    Total calculated
    $0

  • Dawn Loftis

    TRUSTEE

    Total calculated
    $0

  • Coralyne Michaelis

    TRUSTEE

    Total calculated
    $0

  • Rex Morrell

    TRUSTEE

    Total calculated
    $0

  • Audrey Nipp

    TRUSTEE

    Total calculated
    $0

  • Gail Oehler

    SECRETARY/DI

    Total calculated
    $0

  • Rebecca Jacobs-Pollez PhD

    TRUSTEE

    Total calculated
    $0

  • Donna Plunkett

    TRUSTEE

    Total calculated
    $0

  • Pam Rickords

    TREASURER

    Total calculated
    $0

  • Katie Sparks

    CHAIRMAN OF

    Total calculated
    $0

  • Tommi Weatherford

    TRUSTEE

    Total calculated
    $0

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
22 November 2024
IRS schema version
2023v5.0
Source object
202443589349300509

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