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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 76-0268882

FRIENDS OF THE PALACIOS LIBRARY INC

Tax-exempt · PALACIOS, TX 77465

Financials

$251K$232K2023$169K$102K2024
Revenue Expenses · by fiscal year end
Financials of FRIENDS OF THE PALACIOS LIBRARY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$169,132$101,687$67,445$100,134–$100,134
December 31, 2023990$250,543$232,455$18,088$32,689$0$32,689
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$100,000
Investment income
$178
Net income from fundraising events
$68,954

Expenses

Grants and similar amounts paid
$40,200
Compensation of officers, directors and key employees
$0
Other expenses
$61,487
Program services (functional)
$40,200

Balance sheet and other

Total assets, start of year
$32,689
Total assets, end of year
$100,134
Total liabilities, end of year
–
Net assets, end of year
$100,134
Cash, savings and investments
$100,134
Gross receipts
$176,891

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DIANE CARTWRIGHTPRESIDENT1$0
JIM MEYNVICE PRESIDENT0.25$0
JACKIE MILLERTREASURER1$0
ALEIGHA GALVANSECRETARY0.25$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
DANA CARTWRIGHTPRESIDENT
Officer
1$0
JIM MEYNVICE-PRESIDENT
Officer
0.25$0
KAREN LAWSTREASURER
Officer
1$0
KARA TIPSSECRETARY
Officer
0.25$0

Address and contacts

Address (IRS master file)
PO BOX 2, PALACIOS, TX 77465-0002
In care of
% JACKIE MILLER
Mailing address (990-N for 2021)
PO BOX 2, PALACIOS TX 774650002
Principal officer (990-N for 2021)
Karen Laws, PO Box 2, Palacios TX 77465
Signed the 990-EZ
JACKIE MILLER, TREASURER
Return prepared by
SHARRON S BOOKKEEPING AND TAX

Mission

SUPPORT THE PALACIOS LIBRARY AND THEIR SCHOOL RELATED ACTIVITIES

990-EZ for the year ended December 31, 2024

Program accomplishments

  • SUPPORT THE PALACIOS LIBRARY AND THEIR SCHOOL RELATED ACTIVITIES
    Expenses $40,200

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-EZ for FRIENDS OF THE PALACIOS LIBRARY INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
76-0268882
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
1989
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$100,134
Income (IRS master file)
$176,891

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$169,132$101,687$100,134IRS
990December 2023$250,543$232,455$32,689IRS
990-EZDecember 2022–––IRS
990-N for 2021
Officer: Karen Laws
December 31, 2021≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: Karen L Laws
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Karen Laws
December 31, 2019≤ $50,000 receipts––e-Postcard

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 76-0268882).

Questions about FRIENDS OF THE PALACIOS LIBRARY INC

What is the EIN of FRIENDS OF THE PALACIOS LIBRARY INC?
The employer identification number (EIN) of FRIENDS OF THE PALACIOS LIBRARY INC is 76-0268882.
Is FRIENDS OF THE PALACIOS LIBRARY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to FRIENDS OF THE PALACIOS LIBRARY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDS OF THE PALACIOS LIBRARY 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 FRIENDS OF THE PALACIOS LIBRARY 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 FRIENDS OF THE PALACIOS LIBRARY INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of FRIENDS OF THE PALACIOS LIBRARY INC?
The 990-N for 2021 names Karen Laws.
Who are the officers and directors of FRIENDS OF THE PALACIOS LIBRARY INC?
The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does FRIENDS OF THE PALACIOS LIBRARY INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $169,132, expenses of $101,687 and total assets of $100,134 at year end.

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