Nonprofit · EIN 58-2111069
LIBRARY FOUNDATION OF HANCOCK COUNTY INC
Tax-exempt · BAY ST LOUIS, MS 39520
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $425,044 | $343,276 | $81,768 | $2,381,739 | $2,150 | $2,379,589 |
| December 31, 2023 | 990 | $353,581 | $377,224 | -$23,643 | $2,169,759 | $75,927 | $2,093,832 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $381,371
- Program service revenue
- $0
- Investment income
- $44,699
- Net rental income
- -$1,026
- Other revenue
- -$1,026
Expenses
- Grants and similar amounts paid
- $324,025
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,393
- Accounting fees
- $5,948
- Program services (functional)
- $324,025
- Management and general (functional)
- $19,251
Balance sheet and other
- Total assets, start of year
- $2,169,759
- Total assets, end of year
- $2,381,739
- Total liabilities, end of year
- $2,150
- Net assets, end of year
- $2,379,589
- Land, buildings and equipment
- $295,262
- Publicly traded securities
- $1,295,015
- Net assets without donor restrictions
- $2,379,589
- Gross unrelated business income
- -$1,026
- Gross receipts
- $453,815
- Employees
- 0
- Volunteers
- 50
- Year formed
- 1993
- State of legal domicile
- MS
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sally Isaacs | President Trustee or director, Officer | 5 | $0 |
| Cheryl Thompson | Vice-president Trustee or director, Officer | 5 | $0 |
| Raven Wallace | Executive Secretary Key employee | 20 | $0 |
| Mary Kay Wicks | Treasurer Trustee or director, Officer | 5 | $0 |
| Deana Sheffield | Board member Trustee or director | 1 | $0 |
| Julie Smith | Board member Trustee or director | 1 | $0 |
| Clarence Harris | Board member Trustee or director | 1 | $0 |
| Amy Corr | Board member Trustee or director | 1 | $0 |
| Connie Voight | Board member Trustee or director | 1 | $0 |
| Dr Larry Hilliard | Board member Trustee or director | 1 | $0 |
| Kelli Billups | Board member Trustee or director | 1 | $0 |
| Joe Pettigrew | Board member Trustee or director | 1 | $0 |
| Nikki Moon | Board member Trustee or director | 1 | $0 |
| Dr Sherry Ponder | Board member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| None | None | – | $0 |
Address and contacts
- Address (IRS master file)
- 312 HIGHWAY 90, BAY ST LOUIS, MS 39520-3532
- Principal officer (990 for 2024)
- Marykay Wicks, 312 Hwy 90, Bay Saint Louis, MS 39520
- Signed the 990
- Sally Issacs, President
- Phone
- (228) 863-0677
- Return prepared by
- Gerald W Rigby CPA PC
Mission
The mission of The Library Foundation is to strengthen the Hancock County Library Systems value to the community, to fund special projects and endowments, and to inspire community interest and involvement.
Program accomplishments
- Provided 100 % of the Hancock County Library Systems budget request from the Foundation for the year 2023.Expenses $309,303
- Other current initiatives include the Holiday Tree Gala, Summer Library Program, HCLS Fan Fest, and HOMEGROWN:Writers Exchange.Expenses $14,722 · revenue $3,247
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 | Not 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
- 58-2111069
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,381,739
- Income (IRS master file)
- $453,815
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $425,044 | $343,276 | $2,381,739 | XML |
| 990 | December 2023 | $353,581 | $377,224 | $2,169,759 | XML |
| 990 | December 2022 | $473,141 | $193,207 | $2,066,591 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 58-2111069).
Questions about LIBRARY FOUNDATION OF HANCOCK COUNTY INC
- What is the EIN of LIBRARY FOUNDATION OF HANCOCK COUNTY INC?
- The employer identification number (EIN) of LIBRARY FOUNDATION OF HANCOCK COUNTY INC is 58-2111069.
- Is LIBRARY FOUNDATION OF HANCOCK COUNTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to LIBRARY FOUNDATION OF HANCOCK COUNTY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LIBRARY FOUNDATION OF HANCOCK COUNTY INC 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 LIBRARY FOUNDATION OF HANCOCK COUNTY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIBRARY FOUNDATION OF HANCOCK COUNTY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LIBRARY FOUNDATION OF HANCOCK COUNTY INC?
- The 990 for the year ended December 31, 2024 names Marykay Wicks.
- Who are the officers and directors of LIBRARY FOUNDATION OF HANCOCK COUNTY INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does LIBRARY FOUNDATION OF HANCOCK COUNTY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $425,044, expenses of $343,276 and total assets of $2,381,739 at year end.
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