Friends of the Beaufort County Library

Nonprofit profile at a glance

EIN
570858601
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Beaufort, SC, USA
Phone
7704038361
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$50,834
Expenses
$48,187
Assets
$274,122

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • JANICE HERBERT (Vice President)
  • CARTER HOYT (President)

People named in this filing

  • ANNETTE BAKER (Co-Chair, BSI)
  • GLEN BECKER (Marketing Chair)
  • TALLY ESSMAN (Chair, Membersh)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Friends are an all-volunteer group dedicated to supporting the work and supplementing the resources of our four libraries in Beaufort, Lobeco, St. Helena and Port Royal. Funds typicaly raised through donations, events and projects significantly increase the ability of our libraries to provide programs, services and materials.

What it reported doing in 2024

Funded the Lucky Day Plan which provides highly sought after books in the library. Lucky Day allows libraries to designate digital copies of high-demand, waitlisted titles in their collection as immediately available to patrons. Participating libraries' patrons can skip-the-line and instantly find, borrow and read these titles on a first-come, first-served basis through the Lucky Day Plan application.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 82
  • Sustainability: 58
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.5%; rating input score 76
  • Program expense ratio: 79.7%; rating input score 80

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 5.2%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 5.69; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 5.3% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: -1.6% per year; rating input score 0; 45th percentile among comparable filings
  • Asset growth: 7.4% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 75.5% of revenue deployed · 79.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $38K in reported program spending
  • Leadership: top reported pay $0 · 17 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • 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.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 55/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.