Friends of the Irving Public Library System

Nonprofit profile at a glance

EIN
237434097
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024
Location
Irving, TX, USA
Phone
9728240806
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$48,716
Expenses
$48,430
Assets
$410,254
Liabilities
$225,256

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

Leadership & pay

21 people listed

Executive titles in this filing

  • KAYE HICKOX 2021 - 2025 (PRESIDENT)
  • DIANE MANNON 2021 - 2025 (1ST VICE PRESIDENT - MEMBERSHIP)
  • BECKY CHRISTENBERRY 2023 - 2025 (2ND VICE PRESIDENT - EVENTS)

People named in this filing

  • KAYE HICKOX 2021 - 2025 (PRESIDENT)
  • DIANE MANNON 2021 - 2025 (1ST VICE PRESIDENT - MEMBERSHIP)
  • BECKY CHRISTENBERRY 2023 - 2025 (2ND VICE PRESIDENT - EVENTS)

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

Receive/encourage gifts, etc - library

What it reported doing in 2024

Program assistance - awe computers made available to all visitors at each library location

Operating model

Revenue model
Other-operating. 65% of the money available for current operations came from other operating revenue.
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. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 82
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.9%; rating input score 78
  • Program expense ratio: 75.4%; rating input score 75

Transparency & Controls

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

Sustainability

  • Operating margin: 0.6%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 8.47; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.55; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 0.9% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: 1.9% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 15% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 77.9% of revenue deployed · 75.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $37K in reported program spending
  • Leadership: top reported pay $0 · 21 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Sustainability: Operating margin scored 47/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.