Friends Of The Library Of Cecil County Md Inc in Elkton, Maryland (MD)

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Friends Of The Library Of Cecil County Md Inc
Employer Identification Number (EIN)526049235
Name of OrganizationFriends Of The Library Of Cecil County Md Inc
Address301 Newark Ave, Elkton, MD 21921-5441
ActivitiesOther school related activities, Library
SubsectionEducational Organization
Ruling Date07/1958
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000 to $24,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$19,327
Amount of Income$19,990
Form 990 Revenue Amount$17,312


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Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$14,466$18,002$17,312
Contributions, gifts, grants, and similar amounts received$9,410$9,904$9,854
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$2,280$2,051$1,577
Investment income$2$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$2,077$6,130$5,137
Gross income from gaming$0$0$0
Gross income from fundraising events$2,392$9,534$7,057
Less: direct expenses from gaming and fundraising events$315$3,404$1,920
Gross profit/loss from sales of inventory$697$-83$744
Gross sales of inventory, less returns and allowances$697$1,037$1,502
Less: cost of goods sold$0$1,120$758
Other revenue$0$0$0
Total expenses$13,740$12,948$17,548
Total net assets$14,490$19,563$19,327
Excess/Deficit for the year$726$5,054$-236
Net assets or fund balances at beginning of year$13,755$14,490$19,563
Other changes in net assets or fund balances$9$19$0
Net assets or fund balances at end of year$19,563$19,327
Balance Sheets
201220132014
Total assets$14,490$19,563$19,327
Total liabilities$0$0$0
Net assets or fund balances$14,490$19,563$19,327
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$14,590
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