Wythe-Grayson Regional Library Foundation Inc in Independence, Virginia (VA)
Table of contents:
| Wythe-Grayson Regional Library Foundation Inc | |
| Employer Identification Number (EIN) | 542014509 |
| Name of Organization | Wythe-Grayson Regional Library Foundation Inc |
| In Care of Name | Wythe-Grayson Regional Library |
| Address | PO BOX 159, Independence, VA 24348-0159 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $29,738 |
| Amount of Income | $8,439 |
| Form 990 Revenue Amount | $8,439 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $8,439 (it was $123 in 2013)
| Wythe-Grayson Regional Library Foundation Inc: | $8,439 |
| Other organizations performing similar types of work: | $29,036 |
Assets in 2014: $29,738 (it was $25,525 in 2013)
| Wythe-Grayson Regional Library Foundation Inc: | $29,738 |
| Other organizations performing similar types of work: | $79,636 |
Expenses in 2014: $4,226
| Wythe-Grayson Regional Library Foundation Inc: | $4,226 |
| Other organizations performing similar types of work: | $20,046 |
Income to expenses ratio in 2014: 2.0
| This organization: | 2.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 7.7% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $7,080 | $123 | $8,439 |
| Contributions, gifts, grants, and similar amounts received | $7,027 | $23 | $8,439 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $53 | $100 | $0 |
| 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 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $5,035 | $730 | $4,226 |
| Total net assets | $26,132 | $25,525 | $29,738 |
| Excess/Deficit for the year | $2,045 | $-606 | $4,212 |
| Net assets or fund balances at beginning of year | $24,087 | $26,131 | $25,526 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $25,525 | $29,738 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $26,132 | $25,525 | $29,738 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $26,132 | $25,525 | $29,738 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 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 supported | 1 |
| Sum of amounts of support | $3,950 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The@james M Duncan Jr Library Foundation Inc | 5005 Duke St, Alexandria, VA 22304-2903 | VA | 2005-06 | $492,305 |
| 2 | Friends Of The Mathews Memorial Library Inc | PO BOX 127, Mathews, VA 23109-0127 | VA | 2010-09 | $306,447 |
| 3 | Heritage Regional Library Foundation Inc | Po Box 10, New Kent, VA 23124 | VA | 2004-01 | $21,835 |
| 4 | Thefriends Of The Buchanan County Public Library Inc | 1185 Poe Town Street, Grundy, VA 24614 | VA | 2000-05 | $17,762 |
| 5 | Friends Of The Richard S Gillis Library | 201 Railroad Ave, Ashland, VA 23005 | VA | 1997-08 | $8,810 |
| 6 | Wythe-Grayson Regional Library Foundation Inc | PO BOX 159, Independence, VA 24348-0159 | VA | 2001-03 | $8,439 |
| 7 | Sterling Library Board | 120 Enterprise St, Sterling, VA 20164-3220 | VA | 2001-03 | $4,706 |
| 8 | Ashburn Library Advisory Board Inc | PO BOX 911, Ashburn, VA 20146 | VA | 2001-07 | $0 |
| 9 | Friends Of Dolley Madison Library | 1244 Oak Ridge Dr, Mclean, VA 22101 | VA | 2005-09 | $0 |
| 10 | Friends Of The Forest Library Inc | PO BOX 303, Forest, VA 24551-0303 | VA | 2002-05 | $0 |
| 11 | Friends Of The Great Falls Library | 9830 Georgetown Pike, Great Falls, VA 22066 | VA | 1998-10 | $0 |
| 12 | Friends Of The Library Of Roanoke City Inc | 5039 Orchard Park Dr, Roanoke, VA 24019 | VA | 2005-03 | $0 |
| 13 | Friends Of The Mechancisville Brnch Of The Pamunkey Regional Library | 7461 Sherwood Crossing Place, Mechanicsville, VA 23111 | VA | 2007-06 | $0 |
| 14 | Friends Of The Powhatan County Library | 2270 Mann Road, Powhatan, VA 23139 | VA | 2003-01 | $0 |
| 15 | Friends Of The Richard Byrd Library | 7250 Commerce Street, Springfield, VA 22150 | VA | 2006-12 | $0 |
| 16 | Friends Of The Russell County Library Inc | Po Box 247, Lebanon, VA 24266 | VA | 1999-08 | $0 |
| 17 | Ginter Park Library Advisory Board Inc | 1220 Westbrook Avenue, Richmond, VA 23227 | VA | 2010-04 | $0 |
| 18 | Gordonsville Friends Of The Library | 19385 Briar Patch Dr, Gordonsville, VA 22942 | VA | 1999-02 | $0 |
| 19 | New Market Rotary Club Charitable Fund Inc | Po Box 149, New Market, VA 22844 | VA | 2007-03 | $0 |
| 20 | Ruth Camp Campbell Memorial Library | 280 North College Drive, Franklin, VA 23851 | VA | 1999-03 | $0 |
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| Total | 1,320 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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