ROUND TOP LIBRARY ASSOCIATION INC

EIN: 742915181 501(c)(3) Education

ROUND TOP, TX

Total Revenue
$360,937
Total Expenses
$352,892
Total Assets
$2,182,901
Net Assets
$2,180,214
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
TX
Principal Officer
JULIE WANTLAND
Phone
9792492700
Tax Period
2023-01-01 to 2023-12-31

ROUND TOP LIBRARY ASSOCIATION INC, founded in 1999, is a small nonprofit in the Education sector that reported $361K in total revenue in fiscal year 2023. Net assets of $2.2M represent 72 months of operating reserves.

Mission

AS A LENDING INSTITUTION FOR CHILDREN, FAMILIES, AND ADULTS, THE PURPOSE OF THE LIBRARY IS TO SERVE DIVERSE COMMUNITY SEGMENTS, AND VISITORS, IN NON-TRADITIONAL WAYS. INNOVATIVE PROGRAMS AND COMMUNITY PROJECTS ARE AVAILABLE IN THIS COMMUNITY CENTER FOR EDUCATION AND ENRICHMENT. HERE, PATRONS AND INDIVIDUALS OF VARIED BACKGROUNDS ARE ACCOMMODATED IN A WARM AND INVITING ATMOSPHERE WHERE THEY MAY MEET AND CONNECT TO EACH OTHER, AND TO THE WORLD.THE ROUND TOP FAMILY LIBRARY IS A RURAL, NON-PROFIT ORGANIZATION FUNDED AND OPERATED COST EFFECTIVELY AND EFFICIENTLY THROUGH PRIVATE DONATIONS, EVENTS, VOLUNTEERS, A COMMITTED VOLUNTEER BOARD, CITY FUNDING, GRANTS, AND COMMUNITY PARTNERSHIPS.WE ARE THE SMALLEST ACCREDITED LIBRARY IN TEXAS.

Program Service Accomplishments

Program 1
Expenses: $220,027 Revenue: $24,471

TO OPERATE A GENERAL LENDING LIBRARY, THE ROUND TOP FAMILY LIBRARY, AND TO PRESENT EDUCATIONAL AND ENRICHMENT ACTIVITIES FOR CHILDREN AND ADULTS. 5,000 HOMES IN FAYETTE, LEE, AND WASHINGTON COUNTIES...

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TO OPERATE A GENERAL LENDING LIBRARY, THE ROUND TOP FAMILY LIBRARY, AND TO PRESENT EDUCATIONAL AND ENRICHMENT ACTIVITIES FOR CHILDREN AND ADULTS. 5,000 HOMES IN FAYETTE, LEE, AND WASHINGTON COUNTIES, TEXAS ARE SERVED. THE LIBRARY SERVES APPROXIMATELY 1,500 PATRONS PER MONTH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $245,926
Program Service Revenue $24,471
Investment Income $26,127
Other Revenue $64,413
TOTAL REVENUE $360,937

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $160,820
Fundraising Expenses $30,264
Program Expenses $220,027
Other Expenses $187,072
TOTAL EXPENSES $352,892

Year-over-Year Comparison

2023 2022 Change
Revenue $360,937 $338,338 +0.1%
Expenses $352,892 $251,790 +0.4%
Net Income $8,045 $86,548 -0.9%
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
14
Independent Members
14
Employees
8
Volunteers
N/A

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
7
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ED ELLIS PAST PRESIDENT 4.00
Officer Director
$0 $0 $0
JULIE WANTLAND PRESIDENT 4.00
Officer Director
$0 $0 $0
JENN DIEHL BROADBENT VICE-PRESIDENT 4.00
Officer Director
$0 $0 $0
VICKI LARUE VICE-PRESIDENT 4.00
Officer Director
$0 $0 $0
GARY RUSSELL TREASURER 4.00
Officer Director
$0 $0 $0
KATHY YOUNG SECRETARY 4.00
Officer Director
$0 $0 $0
STEVE DITSLER BYBEE FOUNDATION REPRESENT 1.00
Officer Director
$0 $0 $0
SUZANNE ELLIS BOARD MEMBER 1.00
Director
$0 $0 $0
EMILY SIEMSGLUSZ BOARD MEMBER 1.00
Director
$0 $0 $0
VAL HINZE BOARD MEMBER 1.00
Director
$0 $0 $0
JOANIE HAVLICK BOARD MEMBER 1.00
Director
$0 $0 $0
PAM LANGFORD BOARD MEMBER 1.00
Director
$0 $0 $0
SHEILA BAIN BOARD MEMBER 1.00
Director
$0 $0 $0
MARK ELVIG BOARD MEMBER 1.00
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
2024 No data No data No data No data
2023 $360,937 $352,892 $2,182,901 $8,045
2022 $338,338 $251,790 $2,173,316 $86,548
2021 $255,089 $175,051 $2,086,345 $80,038
2020 $213,571 $175,772 $2,005,633 $37,799
2019 $216,035 $203,985 $1,968,469 $12,050
2018 $670,449 $155,161 $1,957,456 $515,288
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