Nonprofit · EIN 74-3090885
PETERSBURG LIBRARY FOUNDATION INC
Tax-exempt · PETERSBURG, VA 23803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $355,691 | $430,012 | -$74,321 | $187,971 | $14,603 | $173,368 |
| December 31, 2023 | 990 | $416,585 | $335,719 | $80,866 | $263,936 | $16,247 | $247,689 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $137,349
- Program service revenue
- $239,165
- Investment income
- $0
- Net rental income
- $3,154
- Net income from fundraising events
- -$23,977
- Other revenue
- -$20,823
Expenses
- Grants and similar amounts paid
- $3,745
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $45,603
- Salaries, compensation and benefits (total)
- $49,092
- Professional fundraising fees
- $0
- Accounting fees
- $7,000
- Occupancy
- $137,000
- Depreciation
- $2,307
- Program services (functional)
- $401,102
- Management and general (functional)
- $22,970
- Fundraising (functional)
- $5,940
Balance sheet and other
- Total assets, start of year
- $263,936
- Total assets, end of year
- $187,971
- Total liabilities, end of year
- $14,603
- Net assets, end of year
- $173,368
- Land, buildings and equipment
- $2,344
- Net assets without donor restrictions
- $129,032
- Net assets with donor restrictions
- $44,336
- Gross unrelated business income
- $3,154
- Gross receipts
- $399,840
- Employees
- 5
- Volunteers
- 15
- Year formed
- 2002
- State of legal domicile
- VA
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 |
|---|---|---|---|
| Robert C Walker | Chairman Trustee or director, Officer | 15 | $0 |
| Ann C Taylor | Vice Chairwoman Trustee or director, Officer | 5 | $0 |
| Neila L Gunter | Director Trustee or director | 1 | $0 |
| Wayne M Crocker | Secretary Trustee or director, Officer | 5 | $0 |
| Brian A Moore | Chair Emeritus Trustee or director | 1 | $0 |
| Kathy Goodson | Director Trustee or director | 0 | $0 |
| Willis W Walter | Director Trustee or director | 1 | $0 |
| Anita Wynn | Director Trustee or director | 1 | $0 |
| Joy Burroughs | Treasurer Trustee or director, Officer | 1 | $0 |
| Belinda S Piercy | Director Trustee or director | 0 | $0 |
| Kipton Currier | Director Trustee or director | 1 | $0 |
| Yvette G Robinson | Director Trustee or director | 1 | $0 |
| Brittani C Edwards | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert C Walker | Chairman Trustee or director, Officer | 15 | $0 |
| Ann C Taylor | Vice Chairwoman Trustee or director, Officer | 5 | $0 |
| Neila L Gunter | Director Trustee or director | 1 | $0 |
| Wayne M Crocker | Secretary Trustee or director, Officer | 5 | $0 |
| Brian A Moore | Chair Emeritus Trustee or director | 1 | $0 |
| Muriel Hawkins | Director Trustee or director | 1 | $0 |
| Willis W Walter | Director Trustee or director | 1 | $0 |
| F Heath Myers Jr | Director Trustee or director | 10 | $0 |
| Anita Wynn | Director Trustee or director | 1 | $0 |
| Joy Burroughs | Treasurer Trustee or director, Officer | 1 | $0 |
| Belinda S Piercy | Director Trustee or director | 0 | $0 |
| Kipton Currier | Director Trustee or director | 1 | $0 |
| Yvette G Robinson | Director Trustee or director | 1 | $0 |
| Brittani C Edwards | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 201 W WASHINGTON ST, PETERSBURG, VA 23803-4203
- In care of
- % BRIAN MOORE
- Signed the 990
- Joy Burroughs, Treasurer
- Phone
- (804) 733-2387
- Return prepared by
- Ragland & Associates LLC
Mission
THE MISSION OF THE PETERSBURG LIBRARY FOUNDATION IS TO ENSURE THAT THE CITY OF PETERSBURG HAS A SUPERIOR LIBRARY SYSTEM HAVING EXCELLENT FACILITIES AND PROVIDING QUALITY RESOURCES AND INNOVATIVE SOURCES TO ENHANCE EDUCATIONAL AND CULTURAL OPPORTUNITIES FOR ITS CITIZENS.
Program accomplishments
- This program includes Petersburg library support programs. This category includes primarily the salary and benefits of an individual who will develop various programs for the libary to offer to the general public. The goal of these programs is to get the community of Petersburg more involved with using the library. Other expenditures for library support programs include items needed for the library such as Christmas decorations, lights, Playstation, Wheelchairs for disabled individuals.Expenses $249,922
- This program includes contributions made to PPL, Development Co, Inc. for library Construction Expenditures. This includes Construction Administration Expenditures to the various service providers. Also, the lease payments for the library building are included in this program expenditure. The annual lease payments total $ 137,000 per year and are paid to PPL Development Co. Inc.Expenses $140,591 · revenue $140,000
- This program includes the Conference Room and Event Center built for community use. The facility provides space for educational and cultural opportunities for the citizens of Petersburg and the surrounding area.Expenses $10,589 · revenue $70,362
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
- 74-3090885
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B80)
- Assets (IRS master file)
- $187,971
- Income (IRS master file)
- $399,840
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $355,691 | $430,012 | $187,971 | XML |
| 990 | December 2023 | $416,585 | $335,719 | $263,936 | XML |
| 990 | December 2022 | $562,325 | $538,254 | $186,458 | 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 74-3090885).
Questions about PETERSBURG LIBRARY FOUNDATION INC
- What is the EIN of PETERSBURG LIBRARY FOUNDATION INC?
- The employer identification number (EIN) of PETERSBURG LIBRARY FOUNDATION INC is 74-3090885.
- Is PETERSBURG LIBRARY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to PETERSBURG LIBRARY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PETERSBURG LIBRARY FOUNDATION 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 PETERSBURG LIBRARY FOUNDATION 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 PETERSBURG LIBRARY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of PETERSBURG LIBRARY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does PETERSBURG LIBRARY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $355,691, expenses of $430,012 and total assets of $187,971 at year end.
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