THE LIBRARY FOUNDATION OF MARTIN COUNTY INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- THE LIBRARY FOUNDATION OF MARTIN COUNTY INC (EIN 65-0315112)
- Tax period
- 2009-10-01 to 2010-09-30
- Filed
- 2011-07-22
- IRS object ID
- 201122039349300007
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-07-22T10:06:13-05:00 | Timestamp |
| Tax Period End Date | 2010-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROCTOR CROOK CROWDER & FOGAL PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 33 FLAGLER AVENUE | AddressLine1 |
| City | STUART | City |
| State | FL | State |
| ZIP Code | 34994 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 650315112 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Library Foundation of Martin County Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LIBR | NameControl |
| Phone | 7722211409 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2351 SE Monterey Road | AddressLine1 |
| City | Stuart | City |
| State | FL | State |
| ZIP Code | 34996 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Leo Clancy | Name |
| Title | President | Title |
| Phone | 7722211409 | Phone |
| Date Signed | 2011-07-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Lucy W Fribourg | Name |
| Phone | 7722832356 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Leo Clancy | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2351 SE Monterey Road | AddressLine1 |
| City | Stuart | City |
| State | FL | State |
| ZIP Code | 34996 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 785159 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.libraryfoundationmc.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1992 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | Enhancements to the Martin County, FL, public library system. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 30 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 348309 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 344176 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -203501 | InvestmentIncomePriorYear |
| Investment Income Current Year | 134014 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -18677 | OtherRevenuePriorYear |
| Other Revenue Current Year | -14600 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 126131 | TotalRevenuePriorYear |
| Total Revenue Current Year | 463590 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 106437 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 100642 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 58967 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1588605 | OtherExpensePriorYear |
| Other Expenses Current Year | 298674 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1695042 | TotalExpensesPriorYear |
| Total Expenses Current Year | 399316 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1568911 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 64274 | RevenuesLessExpensesCY |
| Total Assets BOY | 1765705 | TotalAssetsBOY |
| Total Assets EOY | 1902699 | TotalAssetsEOY |
| Total Liabilities BOY | 3436 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 82609 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1762269 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1820090 | NetAssetsOrFundBalancesEOY |
| Mission Description | Funding of enhancements to the public library system of Martin County, FL. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 137287 | Expense |
| Description | Purchases of books and other materials, as well as underwriting of children's and community programs, at various branches of the Martin County Library System. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 71001 | Expense |
| Description | Literacy programs: Literacy research program to catalogue and evaluate the literacy needs in the community and the varied programs and resources available at present; funding for literacy teaching programs at the library branches; administration of a grant-funded family literacy program. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 26464 | Expense |
| Revenue | 0 | Revenue |
| Description | Personnel and office support for program services. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 16709 | Expense |
| Revenue | 600 | Revenue |
| Description | Expenses of several other smaller programs | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 16709 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 600 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 251461 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 23 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 2 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 30 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Organization | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7722211409 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2351 SE Monterey Road | AddressLine1 |
| City | Stuart | City |
| State | FL | State |
| ZIP Code | 34996 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (28 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| Dianne Anderson | ||||||
| Director | 0.20 | X | 0 | 0 | 0 | |
| Priscilla Baldwin | ||||||
| Treasurer | 2.10 | X | 0 | 0 | 0 | X |
| Kathryn Bass | ||||||
| Director | 0.30 | X | 0 | 0 | 0 | |
| Helen Blake | ||||||
| Director | 0.60 | X | 0 | 0 | 0 | |
| Meg Bradley | ||||||
| Director | 0.20 | X | 0 | 0 | 0 | |
| Wilford Brown | ||||||
| Director | 0.90 | X | 0 | 0 | 0 | |
| Jack Christin | ||||||
| Director | 0.90 | X | 0 | 0 | 0 | |
| Leo Clancy | ||||||
| Vice-president | 0.90 | X | 0 | 0 | 0 | X |
| George Coates | ||||||
| Director | 0.20 | X | 0 | 0 | 0 | |
| Edward Cowles | ||||||
| Director | 0.20 | X | 0 | 0 | 0 | |
| Bill Deacon | ||||||
| Director | 0.20 | X | 0 | 0 | 0 | |
| Helena Tench | ||||||
| Director | 0.60 | X | 0 | 0 | 0 | |
| Marta Gordon | ||||||
| Director | 0.20 | X | 0 | 0 | 0 | |
| Barbara Heinz | ||||||
| Director | 0.20 | X | 0 | 0 | 0 | |
| Lon Kight | ||||||
| Director | 0.90 | X | 0 | 0 | 0 | |
| Betty Lahti | ||||||
| Secretary | 0.90 | X | 0 | 0 | 0 | X |
| Sheila Leach | ||||||
| Director | 0.20 | X | 0 | 0 | 0 | |
| Dr Jean Lowrie | ||||||
| Director | 0.20 | X | 0 | 0 | 0 | |
| Robert Pearson | ||||||
| President | 0.90 | X | 0 | 0 | 0 | X |
| Alan Potter | ||||||
| Director | 0.20 | X | 0 | 0 | 0 | |
| Mary Robinson | ||||||
| Director | 0.20 | X | 0 | 0 | 0 | |
| Mahen Sanghrajka | ||||||
| Director | 0.20 | X | 0 | 0 | 0 | |
| Kenneth Middleton | ||||||
| Director | 0.90 | X | 0 | 0 | 0 | |
| May Smyth | ||||||
| Director | 2.10 | X | 0 | 0 | 0 | |
| Patty Stewart | ||||||
| Director | 2.10 | X | 0 | 0 | 0 | |
| Olene Stuart | ||||||
| Director | 2.10 | X | 0 | 0 | 0 | |
| Clayton Timmons | ||||||
| Director | 0.60 | X | 0 | 0 | 0 | |
| Suzanne Horstman | ||||||
| Executive Director | 40.00 | 70000 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 70000 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 101750 | FundraisingEvents |
| All Other Contributions | 242426 | AllOtherContributions |
| Total Contributions | 344176 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 62023 | TotalRevenueColumn |
| Exclusion | $62,023 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 348850 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 276859 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 71991 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 71991 | TotalRevenueColumn |
| Exclusion | $71,991 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 30110 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 101750 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 44710 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -14600 | TotalRevenueColumn |
| Exclusion | -$14,600 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 463590 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $119,414 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70000 | Total |
| Program Services | 24500 | ProgramServices |
| Management And General | 21000 | ManagementAndGeneral |
| Fundraising | 24500 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23490 | Total |
| Management And General | 11745 | ManagementAndGeneral |
| Fundraising | 11745 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7152 | Total |
| Program Services | 1874 | ProgramServices |
| Management And General | 2505 | ManagementAndGeneral |
| Fundraising | 2773 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12674 | Total |
| Management And General | 12674 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11935 | Total |
| Program Services | 4046 | ProgramServices |
| Management And General | 7889 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 114034 | Total |
| Program Services | 107734 | ProgramServices |
| Management And General | 6300 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16209 | Total |
| Program Services | 7019 | ProgramServices |
| Management And General | 6191 | ManagementAndGeneral |
| Fundraising | 2999 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26749 | Total |
| Program Services | 8229 | ProgramServices |
| Management And General | 9976 | ManagementAndGeneral |
| Fundraising | 8544 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21552 | Total |
| Program Services | 16000 | ProgramServices |
| Management And General | 5552 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22322 | Total |
| Program Services | 21848 | ProgramServices |
| Management And General | 474 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 458 | Total |
| Management And General | 458 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 517 | Total |
| Program Services | 90 | ProgramServices |
| Management And General | 207 | ManagementAndGeneral |
| Fundraising | 220 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3366 | Total |
| Management And General | 3366 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|---|
| Other program expenses | 60121 | 60121 | ||
| General costs of specia | 8186 | 8186 | ||
| Other expenses | 551 | 551 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 399316 | Total |
| Program Services | 251461 | ProgramServices |
| Management And General | 88888 | ManagementAndGeneral |
| Fundraising | 58967 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 300 | BOY |
| EOY | 300 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 328041 | BOY |
| EOY | 432788 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 7859 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 5274 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 2585 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1437364 | BOY |
| EOY | 1467026 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1765705 | BOY |
| EOY | 1902699 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3436 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 82609 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3436 | BOY |
| EOY | 82609 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 398598 | BOY |
| EOY | 540826 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 905629 | BOY |
| EOY | 810938 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 458042 | BOY |
| EOY | 468326 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1762269 | BOY |
| EOY | 1820090 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1765705 | BOY |
| EOY | 1902699 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | X | MethodOfAccountingCash |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 656267 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1444047 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 773221 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 348309 | CurrentTaxYearMinus1Year |
| Current Tax Year | 344176 | CurrentTaxYear |
| Total | 3566020 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 656267 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1444047 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 773221 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 348309 | CurrentTaxYearMinus1Year |
| Current Tax Year | 344176 | CurrentTaxYear |
| Total | 3566020 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 1072215 | AmountsSubstContributorsTotal |
| Public Support Total170 | 2493805 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 45737 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 87094 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 124344 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 24224 | CurrentTaxYearMinus1Year |
| Current Tax Year | 62023 | CurrentTaxYear |
| Total | 343422 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 3909442 | TotalSupport |
| Gross Receipts From Admissions Etc | 289895 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.63790 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.63750 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 621579 | BeginningOfYearBalance |
| Contributions | 414 | Contributions |
| Investment Earnings Or Losses | 40890 | InvestmentEarningsOrLosses |
| Other Expenditures | 4586 | OtherExpenditures |
| End Of Year Balance | 658297 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 597196 | BeginningOfYearBalance |
| Contributions | 0 | Contributions |
| Investment Earnings Or Losses | 24383 | InvestmentEarningsOrLosses |
| End Of Year Balance | 621579 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.71000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.29000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7859 | OtherCostOrOtherBasis |
| Depreciation | 5274 | Depreciation |
| Book Value | 2585 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2585 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Conditional gift | Description |
| Amount | $82,609 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 82609 | TotalOfAmounts |
| Total Revenue | 463590 | TotalRevenue |
| Total Expenses | 399316 | TotalExpenses |
| Excess Or Deficit For Year | 64274 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 56256 | NetUnrealizedGLOnInvestments |
| Other | -$62,709 | OtherAmount |
| Total Adjustments | -6453 | TotalAdjustments |
| Excess Or Deficit Per FS | 57821 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 445202 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 56256 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 56256 | RevenueNotRptdF990 |
| Revenue Subtotal | 388946 | RevenueSubtotal |
| Investment Expenses Not Included | 11935 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 62709 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 74644 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 463590 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 387381 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 387381 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 11935 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 11935 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 399316 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part XI, Line 8 - Other Adjustments: | Cost basis gain in excess of book value gain: -62709. |
| Part XII, Line 4b - Other Adjustments: | Tax basis gain on securities in excess of book gain: 62709. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Annual Gala | NameOfEvent1 |
| Gross Receipts Event1 | 82425 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 67225 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 15200 | GrossRevenueEvent1 |
| Food And Beverage Event1 | 20020 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 2385 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 5015 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Literacy luncheon | NameOfEvent2 |
| Gross Receipts Event2 | 26245 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 17635 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 8610 | GrossRevenueEvent2 |
| Food And Beverage Event2 | 9641 | FoodAndBeverageEvent2 |
| Total Number Of Other Events | 1 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 23190 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 16890 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 6300 | GrossRevenueOtherEvents |
| Food And Beverage Other Events | 4585 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 3064 | EntertainmentOtherEvents |
| Gross Receipts Total | 131860 | GrossReceiptsTotal |
| Charitable Contributions Total | 101750 | CharitableContributionsTotal |
| Gross Revenue Total Events | 30110 | GrossRevenueTotalEvents |
| Food And Beverage Total Events | 34246 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 5449 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 5015 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 44710 | DirectExpenseSummaryEvents |
| Net Income Summary | -14600 | NetIncomeSummary |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 6 | The Library Foundation of Martin County, Inc. is a membership organization, however, membership does not confer any financial benefits. | |
| Form 990, Part VI, Section A, line 7a | The nominating committee of the Board of Directors prepares a slate of officers for approval at the annual meeting of all Foundation members. | |
| Form 990, Part VI, Section B, line 11 | An electronic copy of the Form 990 draft is sent to each member of the Board of Directors for their review prior to filing. | |
| Form 990, Part VI, Section B, line 12c | The Foundation keeps a conflict of interest letter from each Director on file at the office; letters are updated annually. | |
| Form 990, Part VI, Section C, line 18 | The organization's Form 990 may be viewed by the public on www.GuideStar.org or at the Foundation's office upon request. | |
| Form 990, Part VI, Section C, line 19 | Audited financial statements, governing documents and conflict of interest policy may be viewed at the Foundation's office upon request. | |
| Form 990, Part XI, Line 2c | The Foundation has an audit committee which is charged with responsibility for oversight of the audit (or review) of its financial statements and selection of an independent accountant. | Audit Committee |
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