Friends of the Macon County Public Library

EIN: 581336390 501(c)(3)

Franklin, NC

Total Revenue
$82,027
Total Expenses
$107,989
Total Assets
$29,684
Net Assets
$29,684
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NC
Tax Period
2019-07-01 to 2020-06-30

Friends of the Macon County Public Library, founded in 1978, is a micro nonprofit that reported $82K in total revenue in fiscal year 2019. Revenue decreased 13% compared to the prior year. Expenses of $108K exceeded revenue, resulting in a 32% operating deficit.

Mission

To raise money through book sales fund the Macon County Public Library programs and to provide reading materials for Macon County residents.

Program Service Accomplishments

Program 1
Expenses: $70,800 Revenue: $-24,717

To Raise money through book sales for the Macon County Library to provide reading materials for Macon County Residents

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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 (2019)

Revenue Breakdown

Contributions & Grants $14,605
Program Service Revenue $67,422
Investment Income $0
Other Revenue $0
TOTAL REVENUE $82,027

Expense Breakdown

Grants Paid $70,800
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $70,800
Other Expenses $37,189
TOTAL EXPENSES $107,989

Year-over-Year Comparison

2019 2018 Change
Revenue $82,027 $94,787 -0.1%
Expenses $107,989 $71,463 +0.5%
Net Income $-25,962 $23,324 -2.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
51

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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Grace Johnson Bookstore Representative 0.00
Director
$0 $0 $0
Henrietta Haithcock Program 0.00
Director
$0 $0 $0
Gwen Stanfield Membership 0.00
Director
$0 $0 $0
Sally Payne Web Coordinator Historian 0.00
Director
$0 $0 $0
Elaine Bradley Hospitality 0.00
Director
$0 $0 $0
Jeff Clark Director 0.00
Director
$0 $0 $0
Beth Hensley Director 0.00
Director
$0 $0 $0
Roberta Swank Director 0.00
Director
$0 $0 $0
Max West Director 0.00
Director
$0 $0 $0
Karen Wallace Librarian Advisor 0.00
Director
$0 $0 $0
Betty Bulgin Bookstore Admin Supervisor 0.00
Director
$0 $0 $0
Annette Floreani Bookstore Admin Supervisor 0.00
Director
$0 $0 $0
Nancy Lynch Bookstore Admin Supervisor 0.00
Director
$0 $0 $0
Mike Decker Publicity Folio 0.00
Director
$0 $0 $0
Alan Frederick Director 0.00
Director
$0 $0 $0
Susan Parrott Treasurer 0.00
Officer
$0 $0 $0
Sally Dyar President 0.00
Officer
$0 $0 $0
Sharon Velten Sellers Secretary 0.00
Officer
$0 $0 $0
Ann McCormick Bookstore Treasurer 0.00
Officer
$0 $0 $0
Barbara McLellan Vice President 0.00
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
2020 $82,027 $107,989 $29,684 $-25,962
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