Nonprofit · EIN 58-1410422
TRUST FUND FOR BUNCOMBE COUNTY PUBLIC LIBRARIES
Tax-exempt · ASHEVILLE, NC 28814
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $132,187 | $39,262 | $92,925 | $977,232 | $0 | $977,232 |
| December 31, 2024 | 990 | $25,201 | $114,666 | -$89,465 | $897,724 | $0 | $897,724 |
| December 31, 2023 | 990 | $37,740 | $20,536 | $17,204 | $942,994 | $0 | $942,994 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,730
- Program service revenue
- $0
- Investment income
- $130,457
- Net gain from sales of assets
- $116,420
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $24,092
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,120
- Program services (functional)
- $27,650
- Management and general (functional)
- $10,722
- Fundraising (functional)
- $890
Balance sheet and other
- Total assets, start of year
- $897,724
- Total assets, end of year
- $977,232
- Total liabilities, end of year
- $0
- Net assets, end of year
- $977,232
- Net assets without donor restrictions
- $797,531
- Net assets with donor restrictions
- $179,701
- Gross receipts
- $132,187
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1979
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kay Wall | President Trustee or director, Officer | 5 | $0 |
| Leslie Long | Treasurer Trustee or director, Officer | 5 | $0 |
| David Goble | Secretary Trustee or director, Officer | 5 | $0 |
| Linda Wilkerson | Member (term ended 4/1/25) Trustee or director | 5 | $0 |
| Jason Hyatt | Member Trustee or director | 2 | $0 |
| Susan Hauser | Member Trustee or director | 3 | $0 |
| Justice Rogers | Member (term ended 7/1/25) Trustee or director | 1 | $0 |
| Emily Phillips | Member Trustee or director | 3 | $0 |
| Andrea Stolz | Member Trustee or director | 3 | $0 |
| Samantha Randolph | Member Trustee or director | 3 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kay Wall | Board Chair Trustee or director, Officer | 5 | $0 |
| Leslie Long | Treasurer Trustee or director, Officer | 5 | $0 |
| Linda Wilkerson | Secretary Trustee or director, Officer | 5 | $0 |
| Jason Hyatt | Member Trustee or director | 2 | $0 |
| Tikkun Gottschalk | Member Trustee or director | 3 | $0 |
| David Goble | Member Trustee or director | 3 | $0 |
| Justice Rogers | Member Trustee or director | 1 | $0 |
| Heath Towson | Member Trustee or director | 1 | $0 |
| Emily Phillips | Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kay Wall | Board Chair Trustee or director, Officer | 5 | $0 |
| Leslie Long | Treasurer Trustee or director, Officer | 5 | $0 |
| Linda Wilkerson | Secretary Trustee or director, Officer | 5 | $0 |
| Jason Hyatt | Member Trustee or director | 1 | $0 |
| Sherree Turcot | Member Trustee or director | 2 | $0 |
| Emily Phillips | Member Trustee or director | 3 | $0 |
| Tikkun Gottschalk | Member Trustee or director | 3 | $0 |
| David Goble | Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 18955, ASHEVILLE, NC 28814-0955
- In care of
- % PACK LIBRARY
- Principal officer (990 for 2025)
- Kay Wall, 16 Penland Cove Rd, Black Mountain, NC 28711
- Signed the 990
- Kay Wall, President
- Phone
- (864) 247-7699
- Website
- trustfundforbcpl.org
- Return prepared by
- CORLISS & SOLOMON PLLC
Mission
The Trust Fund for the Asheville-Buncombe Library System was established in 1979 for the purpose of supporting and maintaining the public libraries of Buncombe County.
Program accomplishments
- Buncombe County Public Libraries consists of 11 branch libraries located throughout the County and its central branch, Pack Memorial Library, in the City of Asheville. In 2025, the TFBCPL awarded $27,972 in the following categories: - Educational and Professional Growth - $26,472 (4 grants) - Service Enhancement - $1,500 (1 grant) $24,092 in awards were disbursed in 2025.Expenses $27,650 · grants $24,092
- The Trust Fund Board for TFBCPL began its implementation of the 2025-2028 Strategic Plan. A. Strengthening Collaboration - Meetings with LAB, FoL, and Library staff were accomplished to communicate the TFBCPL mission, identify boundaries, and identify possible collaborative actions. B. Community Awareness - the most important activity in 2025 was the TFBCPL website launch. It provides information on the TFBCPL mission, history, successful funding initiatives, ways to give and newsletter registration. C. Advocacy - Stabalization of county government post Helene and the reorganization of partners meant that limited actions were planned for 2025, but will be emphasized in 2026.
- D. Internal Infrastructure - Board development, and elections to fill vacant positions resulted in a fully seated Board by the end of 2025. This was crucial for positioning to address future fund development. E. Financial Stability - The Board concentrated on the underpinnings of its operations in order to address financial growth in 2026-2028. The Trust Fund received its first online donation in 2025 of $1,000. Demonstrated successful awards will assist the Board to tell the story in future fundraising efforts.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1410422
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $977,232
- Income (IRS master file)
- $132,187
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $132,187 | $39,262 | $977,232 | IRS |
| 990 | December 2024 | $25,201 | $114,666 | $897,724 | IRS |
| 990 | December 2023 | $37,740 | $20,536 | $942,994 | XML |
| 990 | December 2022 | $7,173 | $16,029 | $873,930 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1410422).
Questions about TRUST FUND FOR BUNCOMBE COUNTY PUBLIC LIBRARIES
- What is the EIN of TRUST FUND FOR BUNCOMBE COUNTY PUBLIC LIBRARIES?
- The employer identification number (EIN) of TRUST FUND FOR BUNCOMBE COUNTY PUBLIC LIBRARIES is 58-1410422.
- Is TRUST FUND FOR BUNCOMBE COUNTY PUBLIC LIBRARIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to TRUST FUND FOR BUNCOMBE COUNTY PUBLIC LIBRARIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does TRUST FUND FOR BUNCOMBE COUNTY PUBLIC LIBRARIES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRUST FUND FOR BUNCOMBE COUNTY PUBLIC LIBRARIES due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRUST FUND FOR BUNCOMBE COUNTY PUBLIC LIBRARIES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TRUST FUND FOR BUNCOMBE COUNTY PUBLIC LIBRARIES?
- The 990 for the year ended December 31, 2025 names Kay Wall.
- Who are the officers and directors of TRUST FUND FOR BUNCOMBE COUNTY PUBLIC LIBRARIES?
- The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does TRUST FUND FOR BUNCOMBE COUNTY PUBLIC LIBRARIES have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $132,187, expenses of $39,262 and total assets of $977,232 at year end.
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