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Nonprofiteer
← THE TALBOT COUNTY FREE LIBRARY FOUNDATION INC

Form 990 for tax year 2024

Filed by THE TALBOT COUNTY FREE LIBRARY FOUNDATION INC.

Totals

Total revenue
$209,340
Total expenses
$124,916
Contributions and grants received
$120,699
Grants paid
$68,038
Program service revenue
$0
Investment income
$88,641
Other revenue
$0
Total assets, end of year
$3,517,598
Total liabilities, end of year
$267,889
Net assets or fund balances, end of year
$3,249,709
Program services expenses (Part IX)
$81,038
Management and general expenses
$37,131
Fundraising expenses
$6,747
Program service expenses (Part III)
$81,038

Program services were 64.9% 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.

  • 1f · All other contributions, gifts and grants

    $120,699

  • 3 · Investment income

    total $88,641 · unrelated business $88,641

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $68,038 · program services $68,038

  • 11c · Fees: accounting

    total $13,200 · management and general $13,200

  • 11f · Fees: investment management

    total $23,931 · management and general $23,931

  • 12 · Advertising and promotion

    total $6,747 · fundraising $6,747

  • 16 · Occupancy

    total $13,000 · program services $13,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,865 · end of year $180,520

  • 12 · Investments: other securities

    beginning of year $3,115,827 · end of year $3,337,078

  • 25 · Other liabilities

    beginning of year $196,943 · end of year $267,889

  • 27 · Net assets without donor restrictions

    beginning of year $1,003,996 · end of year $1,080,796

  • 28 · Net assets with donor restrictions

    beginning of year $1,992,753 · end of year $2,168,913

Mission and programs · 2024

Mission

TO MANAGE THE INVESTMENTS DONATED BY THE GENERAL PUBLIC IN A MANNER THAT WILL ENSURE THE FUTURE OF THE TALBOT COUNTY FREE LIBRARY ASSOCIATION EFFECTIVELY AND SUCCESSFULLY. TO ENSURE THAT INVESTMENTS ARE SAFEGUARDED AND SPENT ACCORDING TO THE DONOR WISHES.

Activities or mission (Part I)

THROUGH RESPONSIBLE FUNDRAISING, ADVOCACY AND THE PRUDENT STEWARDSHIP OF GIFTS, THE TALBOT COUNTY FREE LIBRARY FOUNDATION ENABLES THE TALBOT COUNTY FREE LIBRARY TO SUPPORT A THRIVING COMMUNITY.

  • EXPENDITURES TO THE LIBRARY CONSISTED OF ACQUISITION OF BOOKS, PUBLICATIONS AND MEDIA SERVICES FOR TALBOT COUNTY FREE LIBRARY ASSOCIATION, INC.

    Expenses $81,038 · Grants $68,038

As filed on the 2024 return.

Listed in Part VII

  • Michael McMillan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Susan Sherman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • John Watters

    TREASURER

    Total calculated
    $0
    Hours/week
    15

  • Amanda David

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 April 2026
IRS schema version
2024v5.5
Source object
202641109349300619

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