FRIENDS OF BERRYVILLE LIBRARY INC

EIN: 844478621 501(c)(3) Arts, Culture & Humanities

BERRYVILLE, AR

Total Revenue
$1,456,943
Total Expenses
$53,294
Total Assets
$3,485,148
Net Assets
$3,483,898
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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AR
Principal Officer
ELAINE FLOYD
Phone
8704232323
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF THE BERRYVILLE LIBRARY I, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $235K in total revenue in fiscal year 2021. Revenue surged 219% from the prior year, signaling strong growth momentum. The organization ran a surplus of $226K, a strong 96% operating margin.

Mission

THE PURPOSE OF THIS ORGANIZATION SHALL BE: 1. TO MAINTAIN AN ASSOCIATION OF PERSONS INTERESTED IN PROMOTING THE BERRYVILLE LIBRARY AS A VIABLE AND VALUABLE INSTITUION IN THE COMMUNITY; 2. TO SUPPORT AND COOPERATE WITH BERRYVILLE LIBRARY STAFF IN DEVELOPING LIBRARY SERVICES AND FACILITIES FOR THE COMMUNITY; 3. TO FOCUS PUBLIC ATTENTION ON LIBRARY SERVICES, FACILITIES, AND NEEDS, AND TO STIMULATE GIFTS OF MATERIALS AND FUNDS; AND 4. TO WORK TOWARD INCREASING A LONG-TERM FINANCIAL BASE FOR THE BERRYVILLE LIBRARY'S FUTURE NEEDS.

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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 $1,368,443
Program Service Revenue $0
Investment Income $75,321
Other Revenue $13,179
TOTAL REVENUE $1,456,943

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $24,610
Program Expenses $16,591
Other Expenses $53,294
TOTAL EXPENSES $53,294

Year-over-Year Comparison

2024 2023 Change
Revenue $1,456,943 $590,572 +1.5%
Expenses $53,294 $84,179 -0.4%
Net Income $1,403,649 $506,393 +1.8%
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
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
4
$0
Total Directors
9
$30,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTY NOBLE TESCH BOARD MEMBER 1.00
Director
$30,000 $0 $30,000
CAROL ANN ENGSKOV BOARD MEMBER 1.00
Director
$0 $0 $0
ELAINE FLOYD PRESIDENT 1.00
Officer Director
$0 $0 $0
JULIE HALL BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN JOHNSON TREASURER 1.00
Officer Director
$0 $0 $0
REBECCA JONES BOARD MEMBER 1.00
Director
$0 $0 $0
PATTY KLEIN BOARD MEMBER 1.00
Director
$0 $0 $0
KELLI RAMIREZ VICE PRESIDE 1.00
Officer Director
$0 $0 $0
SHIRLEY RASH SECRETARY 1.00
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
2024 $1,456,943 $53,294 $3,485,148 $1,403,649
2023 $590,572 $84,179 $2,014,624 $506,393
2022 $307,916 $47,789 $1,504,331 $260,127
2021 $234,585 $8,802 $291,850 $225,783
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