Friends of the San Marcos Public Library

Nonprofit profile at a glance

EIN
746071455
IRS 990-EZ coverage
2022–2024
Forms available
Form 990 2020, Form 990-EZ 2024
Location
San Marcos, TX, USA
Phone
5125577293
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$78,342
Expenses
$63,411
Assets
$215,879
Liabilities
$274

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Laura Pratt (President)
  • Angela Roe (Vice President)

People named in this filing

  • Laura Pratt (President)
  • Angela Roe (Vice President)
  • Martha Moore (Secretary)

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

To help the greater San Marcos community understand the function, resources, services and needs of the San Marcos Public Library; and raise funds and provide assistance in order to improve the library operations.

What it reported doing in 2024

Library materials-books and materials; digitization of the SM Daily Record-newspaperonine magazines, and GED program. Also hold special programs and support events; such asreading programs; educational exhibits; concerts; art and book programs.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 100
  • Sustainability: 67
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.5%; rating input score 60
  • Program expense ratio: 74.7%; rating input score 75

Transparency & Controls

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

Sustainability

  • Operating margin: 19.1%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 3.4; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 24.4% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: -1.8% per year; rating input score 0; 44th percentile among comparable filings
  • Asset growth: -33.2% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 60.5% of revenue deployed · 74.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $47K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2022 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.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.