KANAWHA COUNTY PUBLIC LIBRARY SPECIAL PUBLIC PROPERTIES HOLDINGS INC

EIN: 851263161 501(c)(3) Education

CHARLESTON, WV

Total Revenue
$83,637
Total Expenses
$796,798
Total Assets
$22,357,021
Net Assets
$10,432,021
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
WV
Principal Officer
ERIKA CONNELLY
Phone
5026810519
Tax Period
2023-01-01 to 2023-12-31

KANAWHA COUNTY PUBLIC LIBRARY SPECIAL PUBLIC PROPERTIES HOLDINGS INC, founded in 2020, is a micro nonprofit in the Education sector that reported $84K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $797K exceeded revenue, resulting in a 853% operating deficit.

Mission

TO ACQUIRE CERTAIN REAL PROPERTY, AND RESTORATION, RENOVATION, EXPANSION AND OPERATIONS OF THE KANAWHA COUNTY PUBLIC LIBRARY.

Program Service Accomplishments

Program 1
Expenses: $398,759 Revenue: $83,637

ACQUISITION OF REAL PROPERTY, AND RESTORATION, RENOVATION, EXPANSION AND OPERATIONS OF THE KANAWHA COUNTY PUBLIC LIBRARY.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $83,637
TOTAL REVENUE $83,637

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $398,759
Other Expenses $796,798
TOTAL EXPENSES $796,798

Year-over-Year Comparison

2023 2022 Change
Revenue $83,637 $2,177,101 -1.0%
Expenses $796,798 $545,633 +0.5%
Net Income $-713,161 $1,631,468 -1.4%
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
4
Independent Members
3
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
2
$120,000
Total Directors
4
$120,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEN THOMAS PRESIDENT 2.00
Officer Director
$0 $0 $0
ERIKA CONNELLY SECRETARY/TREASURER - KCPL DIRECTOR 2.00
Officer Director
$0 $0 $120,000
STEPHANIE HADEN MEMBER 2.00
Director
$0 $0 $0
MONIKA JAENSSON MEMBER 2.00
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 $83,637 $796,798 $22,357,021 $-713,161
2022 $2,177,101 $545,633 $22,846,182 $1,631,468
2021 $933,424 $90,507 $21,012,070 $842,917
2020 $7,970,371 $27,221 $21,129,514 $7,943,150
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