WAYNE COUNTY PUBLIC LIBRARY FOUNDATION INC

EIN: 560530244 501(c)(3) Education

GOLDSBORO, NC

Total Revenue
$396,487
Total Expenses
$200,916
Total Assets
$3,003,813
Net Assets
$3,003,813
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
NC
Principal Officer
MARY BARTLETT
Tax Period
2024-07-01 to 2025-06-30

WAYNE COUNTY PUBLIC LIBRARY FOUNDATION INC, founded in 1941, is a small nonprofit in the Education sector that reported $396K in total revenue in fiscal year 2024. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $196K, a strong 49% operating margin.

Mission

THE WAYNE COUNTY PUBLIC LIBRARY FOUNDATION, INC., ALONG WITH THE LEADERSHIP OF LIBRARY DIRECTOR AND ASSISTANT DIRECTOR LED THREE SIGNIFICANT PROJECTS IN THIS FISCAL YEAR. THREE YEARS AGO, EFFORTS WERE BEGUN TO PURCHASE A MOBILE LIBRARY FOR WAYNE COUNTY. THE MOBILE LIBRARY WAS FUNDED BY THE FOUNDATION AS THE LEAD FUNDER ALONG WITH FUNDING FROM AN LSTA FEDERAL GRANT AND SOME FUNDS FROM THE COUNTY OF WAYNE. AFTER SEVERAL YEARS OF DELAYS FROM THE MANUFACTURE OF THE MOBILE LIBRARY THE DELIVERY TO THE LIBRARY WAS IN THE SPRING OF 2024. THE MOBILE LIBRARY IS A STATE-OF-THE-ART MERCEDES SPRINTER VAN WHICH INCLUDES A CANOPY FOR PROGRAMMING OUTSIDE. SINCE THE ARRIVAL OF THE VAN, THERE HAVE BEEN CHILDRENS PROGRAMMING IN THE SUMMER AT REGULARLY SCHEDULED STOPS ALONG WITH STOPS FOR ADULTS. THE MOBILE LIBRARY SERVES TO REACH POPULATIONS WHO CANNOT ORDINARILY VISIT THE THREE COUNTY LIBRARIES WITH A SPECIAL FOCUS ON AGING POPULATIONS AND CHILDREN. THE FOUNDATION ALSO SUPPORTED THE NEW PROGRAM, THE LEA

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $362,976
Program Service Revenue $0
Investment Income $33,511
Other Revenue $0
TOTAL REVENUE $396,487

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $184,212
Other Expenses $200,916
TOTAL EXPENSES $200,916

Year-over-Year Comparison

2024 2023 Change
Revenue $396,487 $159,233 +1.5%
Expenses $200,916 $259,441 -0.2%
Net Income $195,571 $-100,208 -3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
N/A
Independent Members
4
Employees
N/A
Volunteers
25

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY BARTLETT CHAIR 5.00
Officer Director
$0 $0 $0
JOHN WALSTON VICE CHAIR N/A
Director
$0 $0 $0
LESLIE WEIL VICE CHAIR N/A
Director
$0 $0 $0
LYNN WILLIAMS SECRETARY/TR N/A
Officer Director
$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 $396,487 $200,916 $3,003,813 $195,571
2024 $159,233 $259,441 $2,590,442 $-100,208
2023 $430,171 $89,196 $2,478,551 $340,975
2022 $159,287 $86,218 $1,991,504 $73,069
2021 $505,117 $62,396 $2,260,321 $442,721
2020 $50,419 $47,029 $1,817,600 $3,390
2019 $186,684 $57,252 $1,814,210 $129,432
2018 $104,909 $56,276 $1,684,778 $48,633
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