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Nonprofit · EIN 75-1738379

OLNEY COMMUNITY LIBRARY

Tax-exempt · OLNEY, TX 76374

Financials

$393K$313K2024
Revenue Expenses · by fiscal year end
Financials of OLNEY COMMUNITY LIBRARY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990$392,850$312,780$80,070$447,016$0$447,016
Financial details: 990 for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$378,588
of which government grants
$286,976
Program service revenue
$3,432
Investment income
$11,585
Net income from fundraising events
-$755
Other revenue
-$755

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$226,027
Salaries, compensation and benefits (total)
$226,027
Professional fundraising fees
$0
Occupancy
$4,885
Travel
$918
Depreciation
$6,783
Program services (functional)
$312,780

Balance sheet and other

Total assets, start of year
$557,012
Total assets, end of year
$447,016
Total liabilities, end of year
$0
Net assets, end of year
$447,016
Land, buildings and equipment
$49,097
Gross receipts
$398,175
Employees
0
Volunteers
0
Year formed
1974
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 August 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
PHIL JESKEPRESIDENT
Trustee or director, Officer
1$0
LYNDSEY MILLERVICE PRESIDENT
Trustee or director, Officer
1$0
SUMMER BRANUMSECRETARY
Trustee or director, Officer
1$0
TRUDY CAPPSTREASURER
Trustee or director, Officer
1$0
ALYSSA BETTSDIRECTOR
Trustee or director
1$0
GREG ROACHDIRECTOR
Trustee or director
1$0
KIM BISHOPDIRECTOR
Trustee or director
1$0
CHUCK STENNETTDIRECTOR
Trustee or director
1$0
LUKE LEONARDDIRECTOR
Trustee or director
1$0
LORI COXLIBRARY DIRECTOR
Officer
1$0

Address and contacts

Address (IRS master file)
807 W HAMILTON ST, OLNEY, TX 76374-1723
Principal officer (990 for 2024)
PHIL JESKE, PO BOX 553, OLNEY, TX 76374
Signed the 990
SUMMER BRANUM, SECRETARY
Phone
(940) 564-5513
Return prepared by
Freemon Shapard & Story

Mission

TO PROVIDE FOR THE ENTIRE COMMUNITY, PUBLIC, SCHOOL, AND PRESCHOOL, A CENTRAL DEPOSITORY FOR MATERIALS FOR LEARNING, FOR ENRICHMENT, AND THE RECREATIONAL, VOCATIONAL, AND CULTURAL ASPECTS OF THE COMMUNITY; TO PURSUE ACTIVELY THOSE COURSES WHICH WILL BE SUPPORTIVE OF ALL THE LEARNING ENDEAVORS WITHIN THE COMMUNITY; TO INITIATE PROGRAMS WHICH WILL MAXIMIZE THE USE OF THE CENTRAL DEPOSITORY RESOURCES; TO BE EVER ALERT TO THE POTENTIALS FOR SERVICE AND TO THE NEED FOR LEARNING WITHIN THE COMMUNITY.

990 for the year ended August 31, 2025

Program accomplishments

  • BOOKS, MOVIES, AND AUDIO CDS CIRCULATED: 38,046 INCLUDING COMPUTERS USED BY THE PUBLIC: 493. MEETING ROOM USED 109 TIMES BY 2,549 PEOPLE.
    Expenses $312,780 · revenue $15,017

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

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990 on file
2023August 31, 2024January 15, 2025990 on file

IRS record

EIN
75-1738379
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
1990
Accounting year ends
August
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B71Z)
Assets (IRS master file)
$447,016
Income (IRS master file)
$398,175

Filing history

FormYear endedRevenueExpensesAssetsReturn
990August 2025–––IRS
990August 2024–––IRS
990August 2023$465,082$400,927$533,753IRS
990August 2022–––IRS
990August 2021–––IRS
990August 2020–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about OLNEY COMMUNITY LIBRARY

What is the EIN of OLNEY COMMUNITY LIBRARY?
The employer identification number (EIN) of OLNEY COMMUNITY LIBRARY is 75-1738379.
Is OLNEY COMMUNITY LIBRARY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to OLNEY COMMUNITY LIBRARY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OLNEY COMMUNITY LIBRARY 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 OLNEY COMMUNITY LIBRARY due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did OLNEY COMMUNITY LIBRARY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended August 2025.
Who is the principal officer of OLNEY COMMUNITY LIBRARY?
The 990 for the year ended August 31, 2025 names PHIL JESKE.
Who are the officers and directors of OLNEY COMMUNITY LIBRARY?
The 990 for the year ended August 31, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does OLNEY COMMUNITY LIBRARY have?
On its 990 for the year ended August 31, 2025 it reported revenue of $392,850, expenses of $312,780 and total assets of $447,016 at year end.

Other nonprofits in OLNEY

All nonprofits in OLNEY · Texas · Education