FRIENDS OF THE SAN MARCOS PUBLIC LIBRARY

EIN: 746071455 501(c)(3)

SAN MARCOS, TX

Total Revenue
$70,538
Total Expenses
$904,656
Total Assets
$166,464
Net Assets
$166,175
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
TX
Principal Officer
PARI SANDAGE
Phone
5125577293
Tax Period
2020-08-01 to 2021-07-31

FRIENDS OF THE SAN MARCOS PUBLIC LIBRARY, founded in 1964, is a micro nonprofit that reported $71K in total revenue in fiscal year 2020. Revenue decreased 7% compared to the prior year. Expenses of $905K exceeded revenue, resulting in a 1183% operating deficit.

Mission

The purposes of the organization is to help the greater San Marcos community understand the function, resources, service & needs of the San Marcos Public Library; raise funds & provide assistance in order to improve the library.

Program Service Accomplishments

Program 1
Expenses: $891,078

In late 2020 the City of San Marcos started on the expansion of the San Marcos Public Library. The Friends of the San Marcos Public Library pledged to provide $1,000,000 to pay for furniture for the...

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In late 2020 the City of San Marcos started on the expansion of the San Marcos Public Library. The Friends of the San Marcos Public Library pledged to provide $1,000,000 to pay for furniture for the expansion. This allowed the city construction funds to be more efficiently used. The expense for this year has not met that pledge so there will be more expense in the future. This program has helped provided the community of San Marcos with a comfrotable, functional, and beautiful expanded library.

Program 2
Expenses: $4,527

The Friends pays for the library subscription to Flipster Online Magazines. The subscription includes access to 50 full-text magazines for children, teens, and adults. Flipster is able to provide...

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The Friends pays for the library subscription to Flipster Online Magazines. The subscription includes access to 50 full-text magazines for children, teens, and adults. Flipster is able to provide concurrent use so there is no limit to the number of customers who can read the newest edition each month. Many titles are only available digitally so this expands the use of the library's periodical collection to over 3,000 items per month.

Program 3
Expenses: $2,310 Revenue: $450

The Friends provides two copiers for the patrons of the library for a small fee. These expenses are for the rental of the machines and the necessary supplies.

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Trantor Score

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

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $54,229
Program Service Revenue $8,171
Investment Income $8,138
Other Revenue $0
TOTAL REVENUE $70,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $500
Fundraising Expenses $0
Program Expenses $897,915
Other Expenses $904,156
TOTAL EXPENSES $904,656

Year-over-Year Comparison

2020 2019 Change
Revenue $70,538 $75,699 -0.1%
Expenses $904,656 $18,234 +48.6%
Net Income $-834,118 $57,465 -15.5%
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
4
Independent Members
4
Employees
N/A
Volunteers
50

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL SANBORN PRESIDENT 2
Officer
$0 $0 $0
BECCA CAMPA VICE PRESIDENT 1
Officer
$0 $0 $0
LINDA KASENCHAK SECRETARY 1
Officer
$0 $0 $0
PARI SANDAGE TREASURER 5
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
2021 $70,538 $904,656 $166,464 $-834,118
2020 $75,699 $18,234 $1,000,293 $57,465
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