THE FRIENDS OF THE CULPEPER LIBRARY INC

EIN: 541870477 501(c)(3) Education

CULPEPER, VA

Total Revenue
$91,961
Total Expenses
$79,720
Total Assets
$421,739
Net Assets
$421,739
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
VA
Principal Officer
CANDY LIPSCOMB
Phone
5408258691
Tax Period
2024-10-01 to 2025-09-30

THE FRIENDS OF THE CULPEPER LIBRARY INC, founded in 1997, is a micro nonprofit in the Education sector that reported $94K in total revenue in fiscal year 2017. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $43K, a strong 46% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO MAINTAIN AN ASSOCIATION OF PERSONS INTERESTED IN LIBRARIES, TO FOCUS PUBLIC ATTENTION ON THE LIBRARY, TO PROVIDE EDUCATIONAL PROGRAMS, PROMOTE READING GROUPS AND AUTHOR EVENTS, TO RECEIVE AND ENCOURAGE GIFTS, ENDOWMENTS, AND BEQUESTS TO THE LIBRARY, AND TO SUPPORT AND COOPERATE WITH THE LIBRARY IN DEVELOPING PATRON'S SERVICES WITHOUT INFRINGING UPON THE RIGHTS AND DUTIES OF THE DIRECTOR OF THE LIBRARY OR THE LIBRARY BOARD.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $49,854
Program Service Revenue $16,689
Investment Income $13,972
Other Revenue $11,446
TOTAL REVENUE $91,961

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $74,305
Other Expenses $79,720
TOTAL EXPENSES $79,720

Year-over-Year Comparison

2024 2023 Change
Revenue $91,961 $79,956 +0.2%
Expenses $79,720 $45,162 +0.8%
Net Income $12,241 $34,794 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLLE WOOTTEN PRESIDENT 4.00
Officer Director
$0 $0 $0
FRAN CECERE DIRECTOR 1.00
Director
$0 $0 $0
SUSIE JOSEPHSON DIRECTOR 2.00
Director
$0 $0 $0
SUSAN TITUS DIRECTOR 0.50
Director
$0 $0 $0
LYNN NELSON DIRECTOR 0.50
Director
$0 $0 $0
JILLIAN RIFE DIRECTOR 0.50
Director
$0 $0 $0
JOY HARNAGE SECRETARY 0.50
Officer
$0 $0 $0
CANDY LIPSCOMB TREASURER 1.50
Officer
$0 $0 $0
PAT BRAUNINGER VICE PRESIDENT 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $91,961 $79,720 $421,739 $12,241
2024 $79,956 $45,162 $409,498 $34,794
2023 $65,888 $38,765 $374,704 $27,123
2022 $61,311 $37,602 $347,581 $23,709
2021 $41,304 $25,888 $323,872 $15,416
2020 $47,675 $26,404 $308,456 $21,271
2019 $83,463 $45,411 $287,185 $38,052
2018 $93,741 $51,082 $249,133 $42,659
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