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Nonprofit · EIN 74-2151630

MART LIBRARY ASSOCIATION INC

Also known as NANCY NAIL MEMORIAL LIBRARY

Tax-exempt · MART, TX 76664

Financials

$143K$71K2023$85K$61K2024
Revenue Expenses · by fiscal year end
Financials of MART LIBRARY ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$84,905$60,864$24,041$684,092$1,567$682,525
June 30, 2024990$143,145$71,277$71,868$660,288$1,804$658,484
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$28,309
of which government grants
$10,000
Program service revenue
$0
Investment income
$56,596
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$23,550
Salaries, compensation and benefits (total)
$25,351
Professional fundraising fees
$0
Accounting fees
$850
Occupancy
$15,403
Depreciation
$162
Program services (functional)
$60,864

Balance sheet and other

Total assets, start of year
$660,288
Total assets, end of year
$684,092
Total liabilities, end of year
$1,567
Net assets, end of year
$682,525
Land, buildings and equipment
$2,938
Publicly traded securities
$652,218
Net assets without donor restrictions
$682,525
Gross receipts
$84,905
Employees
4
Year formed
1965
State of legal domicile
TX

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
VERNA LASTRAPESCHAIRMAN
Institutional trustee, Officer
1$0
ANDREA COSTLEYMEMBER
Institutional trustee
1$0
NORMA THRONBURGVICE CHAIRMAN
Institutional trustee, Officer
1$0
CAROLYN HERRINGMEMBER
Institutional trustee
1$0
ODELL NEVILLSMEMBER
Institutional trustee
1$0
SUSIE WITTMEMBER
Institutional trustee
1$0
VICKIE GIBBSMEMBER
Institutional trustee
1$0
BRIDGET WILLIAMSMEMBER
Institutional trustee
1$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensation
ODELL NEVILLSMEMBER
Institutional trustee
1$0
SUSIE WITTMEMBER
Institutional trustee
1$0
VICKIE GIBBSMEMBER
Institutional trustee
1$0
CAROLYN HERRINGMEMBER
Institutional trustee
1$0
ANDREA COSTLEYMEMBER
Institutional trustee
1$0
VERNA LASTRAPESCHAIRMAN
Institutional trustee, Officer
1$0
NORMA THRONBURGVICE CHAIRMAN
Institutional trustee, Officer
1$0

Address and contacts

Address (IRS master file)
124 S PEARL ST, MART, TX 76664-1425
In care of
% VERNA LASTRAPES
Signed the 990
VERNA LASTRAPES, CHAIRMAN
Phone
(254) 876-2465
Return prepared by
Stones Tax Service

Mission

PROVIDE LITERARY MATERIALS FOR PUBLIC EDUCATION AND RESEARCH

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDE PUBLIC ACCESS TO LITERARY MATERIALS FOR EDUCATIONAL, ENTERTAINMENT AND RESEARCH PURPOSES
    Expenses $60,864

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
74-2151630
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1980
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$684,092
Income (IRS master file)
$84,905

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$84,905$60,864$684,092XML
990June 2024$143,145$71,277$660,288XML
990June 2023$84,531$58,860$588,458IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––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 74-2151630).

Questions about MART LIBRARY ASSOCIATION INC

What is the EIN of MART LIBRARY ASSOCIATION INC?
The employer identification number (EIN) of MART LIBRARY ASSOCIATION INC is 74-2151630.
Is MART LIBRARY ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
Are donations to MART LIBRARY ASSOCIATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MART LIBRARY ASSOCIATION 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 MART LIBRARY ASSOCIATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MART LIBRARY ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who are the officers and directors of MART LIBRARY ASSOCIATION INC?
The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does MART LIBRARY ASSOCIATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $84,905, expenses of $60,864 and total assets of $684,092 at year end.

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