Coldspring Area Public Library Inc
Nonprofit profile at a glance
- EIN
- 760150266
- IRS 990 coverage
- 2021–2025
- Forms available
- Form 990 2025
- Location
- Coldspring, TX, USA
- Phone
- 9366533104
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $106,728
- Expenses
- $95,014
- Assets
- $432,046
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Marsha Brown (President)
- Benita Malone (Vice President)
Highest reported compensation
- Magdalena Moseley (Co-Director): $14,924 total reported compensation
- Margaret Welker (Assistant Librarian): $10,878 total reported compensation
- Barbara Ponter (Assistant Librarian): $7,473 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of Coldspring Area Public Library is to enrich the lives of our diverse rural community by providing free access to information , nurturing a love of reading, and serving as an open and welcoming space for communication, connection, cultural enrichment, and lifelong learning. We accomplish this through a wide range of resources, programs, and services.
What it reported doing in 2025
Offered these services in 8721 patron visits, while open 2100 hours with 1800 volunteer hours Free use of 16,599 books, tapes, videos, DVDs, CDS Interlibrary loan service, charging only postage Free use of computer lab with 8 stations Access to copying, printing, faxing and laminating for nominal fees Notary service for a fee Free use of conference room to charitable organizations, nominal fee to others Online search capability for book inventory via library website Access to culled books, tapes, videos, CDs, DVDs, and periodicals for nominal fees Free use of overhead projector to charitable organizations, nominal fee to others Access to e-book service
Operating model
- Revenue model
- Donor-supported. 91% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 42
- Transparency & Controls: 92
- Accountability: 69
- Sustainability: 60
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 42.8%; rating input score 43
- Program expense ratio: 46.7%; rating input score 47
- Fundraising efficiency: $6.07 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 11%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 4.55; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 35%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 31.3% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 14.6% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: -6.9% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 42.8% of revenue deployed · 46.7% of spending went to programs
- Governance: 9 of 9 board members independent · 2 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $44K in reported program spending
- Leadership: top reported pay $15K · 13 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- Moderate — Financial Efficiency: Program expense ratio scored 47/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 25/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Operating margin scored 58/100.
- High — Sustainability: Officer compensation ratio scored 8/100.