Friends of the Library-southport Oak Island
Nonprofit profile at a glance
- EIN
- 561717796
- IRS 990-EZ coverage
- 2022–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2021
- Location
- Southport, NC, USA
- Phone
- 9104771556
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $100,716
- Expenses
- $74,951
- Assets
- $87,596
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Cindy Phillips (President)
- Kat Blankenhorn (Vice President 1/1 to 3/31/2025)
- Paula Munger (Vice President 8/1 to 12/31/2025)
- Karen Beardslee Kwasny (Vice President 4/1 to 7/31/2025)
- Carol Brolley (Past President 1/1 to 8/31/2025)
People named in this filing
- Cindy Phillips (President)
- Kat Blankenhorn (Vice President 1/1 to 3/31/2025)
- Paula Munger (Vice President 8/1 to 12/31/2025)
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 primary exempt purpose of Friends of the Library Southport Oak Island is to provide our two local library branches - the Margaret & James Harper, Jr. Library in Southport and the G.V. Barbee, Sr. Library on Oak Island, with funding to support the enhancement of their collections, programs, and the actual facilities and to make them more appealing to both patrons and the community at large. Another goal is to advocate for additional funding from Brunswick County to enable our libraries to continue to meet the needs of the growing Brunswick County community.
What it reported doing in 2025
St. James Service Club grant for Summer Reading program performers at the G. V. Barbee Sr. and the Margaret & James Harper Jr. Libraries.
Operating model
- Revenue model
- Other-operating. 69% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 97% 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
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: 16
- Transparency & Controls: 82
- Sustainability: 72
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 13.5%; rating input score 14
- Program expense ratio: 17.6%; rating input score 18
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 25.6%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 1.17; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -31.7% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: 14.5% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 24.3% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 13.5% of revenue deployed · 17.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $13K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2022 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.
- High — Financial Efficiency: Mission deployment rate scored 14/100.
- High — Financial Efficiency: Program expense ratio scored 18/100.
- High — Growth: Program expense growth scored 0/100.