Friends of Martin Memorial Library

Nonprofit profile at a glance

EIN
561768840
IRS 990-EZ coverage
2014–2025
Forms available
Form 990-EZ 2025
Location
Williamston, NC, USA
Phone
2527927476
Rating
40
Verdict
MIXED
Rating confidence
Moderate
Sector
Libraries

Reported finances

Revenue
$10,334
Expenses
$6,084
Assets
$35,915
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • Ann Phelps (Chairman)
  • Christy Richards (Secretary)
  • Susan Dunlow (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of this organization shall be to maintain an association of persons interested in libraries; to focus public attention on the library; to stimulate the use of the library's resources and services; to receive and encourage gifts, endowments, and bequests to the library; to support and cooperate with the library in developing library services andfacilities for the community; to support the Freedom to Read as expressed in the American Library Association Bill of Rights.

What it reported doing in 2025

Friends of Martin Memorial Library, is a nonprofit, community membership organization that advocates, fundraises, and provides critical support for our locallibrary, Martin Memorial Library, located in Williamston, North Carolina. Some of the functions of this organizationshall be to as follows: a. Purchase additional books, magazines, materials, and library supplies.b. Upgrade facilities.c. Provide volunteer servicesd. Contribute to cultural enrichment of the community.e. Provide funds for operating costs of memorial giftsprogram including postage, plaques, permanent records, supplies, etc.f. Promote National Library Week in April and Children's Book Week in November.g. Provide materials for decorating Christmas tree in December.h. Co-sponsor guest performer for conclusion of Summer Reading Program

Operating model

Revenue model
Donor-supported. 90% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. 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: 0
  • Transparency & Controls: 82
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 41.1%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 5.9; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.3% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 53rd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 12 filing years from 2014 to 2025
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.