Friends Of Buncombe Libraries Inc in Asheville, North Carolina (NC)
Table of contents:
| Friends Of Buncombe Libraries Inc | |
| Employer Identification Number (EIN) | 561933173 |
| Name of Organization | Friends Of Buncombe Libraries Inc |
| In Care of Name | Edward J Sheary |
| Address | 67 Haywood St, Asheville, NC 28801-2834 |
| Activities | Described in section 509(a)(2) of the Code, Non financial services of facilities to other organizations, Gifts, grants, or loans to other organizations |
| Subsection | Educational Organization |
| Ruling Date | 11/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $117,175 |
| Amount of Income | $75,796 |
| Form 990 Revenue Amount | $71,718 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Libraries |
Non-representatives - add comments:
Amount of income in 2013: $75,796 (it was $80,224 in 2012)
| This organization: | $75,796 |
| Other organizations performing similar types of work: | $84,385 |
Assets in 2013: $117,175 (it was $122,484 in 2012)
| Friends Of Buncombe Libraries Inc: | $117,175 |
| Other organizations performing similar types of work: | $188,533 |
Expenses in 2013: $72,558
| This organization: | $72,558 |
| Other organizations performing similar types of work: | $59,444 |
Income to expenses ratio in 2013: 1.0
| Friends Of Buncombe Libraries Inc: | 1.0 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 19.9%
| Friends Of Buncombe Libraries Inc: | 19.9% |
| Other organizations performing similar types of work: | -,nan,(ind)% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $44,544 | $73,216 | $71,718 |
| Contributions, gifts, grants, and similar amounts received | $5,518 | $25,404 | $14,256 |
| Program service revenue including government fees and contracts | $6,157 | $4,787 | $0 |
| Membership dues and assessments | $4,985 | $5,486 | $4,370 |
| Investment income | $182 | $222 | $890 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $27,702 | $34,980 | $47,166 |
| Gross sales of inventory, less returns and allowances | $30,744 | $41,988 | $51,244 |
| Less: cost of goods sold | $3,042 | $7,008 | $4,078 |
| Other revenue | $0 | $2,337 | $5,036 |
| Total expenses | $55,184 | $47,709 | $72,558 |
| Total net assets | $92,587 | $122,484 | $117,175 |
| Excess/Deficit for the year | $-10,640 | $25,507 | $-840 |
| Net assets or fund balances at beginning of year | $103,227 | $92,587 | $122,484 |
| Other changes in net assets or fund balances | $0 | $4,390 | $-4,469 |
| Net assets or fund balances at end of year | $122,484 | $117,175 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $92,587 | $122,484 | $117,175 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $92,587 | $122,484 | $117,175 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| 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? | No | No | |
| 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? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| 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 supported | 1 |
| Sum of amounts of support | $41,868 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Durham Colored Library Incorporated | Po Box 2736, Durham, NC 27715-2736 | NC | 1939-06 | $56,937 |
| 2 | 4042 Libriary Association Inc | 182 Angie Rd, Raleigh, NC 27603-7337 | NC | 2009-03 | $0 |
| 3 | Alexander Friends Of The Library | Po Box 402, Taylorsville, NC 28681 | NC | 2009-08 | $0 |
| 4 | Books For Kids Inc | 3116 Braddock Drive, Raleigh, NC 27612 | NC | 1999-05 | $0 |
| 5 | Braswell Memorial Public Library Foundation Inc | 727 N Grace St, Rocky Mount, NC 27804 | NC | 2009-11 | $0 |
| 6 | Chadbourn Community Library Assn Inc | 301 N Wilson St, Chadbourn, NC 28431 | NC | 1995-03 | $0 |
| 7 | Concord Friends Of The Library Inc | 27 Union St N, Concord, NC 28025 | NC | 2009-07 | $0 |
| 8 | Friends Of The Alleghany County Public Library | Po Box 656, Sparta, NC 28675 | NC | 2007-05 | $0 |
| 9 | Friends Of The Lee County Library | P O Box 671, Sanford, NC 27331 | NC | 2011-12 | $0 |
| 10 | Friends Of The Library At Hickmans Crossroads | 1040 Calabash Rd, Calabash, NC 28467 | NC | 2006-09 | $0 |
| 11 | Friends Of The Rural Hall Stanleyville Branch Library | 7125 Broad Street, Rural Hall, NC 27045 | NC | 2011-02 | $0 |
| 12 | Friends Of The Wake Forest Public Library | Po Box 207, Wake Forest, NC 27587 | NC | 1997-06 | $0 |
| 13 | Friends Of Walkertown Library Inc | 2969 Main St, Walkertown, NC 27051-9324 | NC | 2014-08 | $0 |
| 14 | Greene County Friends Of The Library | 229 Kingold Blvd Ste G, Snow Hill, NC 28580-1331 | NC | 2001-11 | $0 |
| 15 | Little Red Bookmobile Inc | 210 New Street, New Bern, NC 28560 | NC | 2007-08 | $0 |
| 16 | Mary Kemp Sugg Hopke Memorial Library Group Inc | 279 Second St, Ellerbe, NC 28338 | NC | 2015-02 | $0 |
| 17 | Matthews Library Endowment Fund | 230 Matthews Station, Matthews, NC 28105 | NC | 2004-11 | $0 |
| 18 | Nc Live Foundation | Campus Box 7111 - Ncsu Libraries, Raleigh, NC 27695-7111 | NC | 2014-10 | $0 |
| 19 | Pettigrew Regional Library | 201 E 3rd St, Plymouth, NC 27962-1319 | NC | 1975-10 | $0 |
| 20 | Rural Education Advancement And Development | Po Box 448, Lake Junaluska, NC 28745 | NC | 2012-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,701 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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