Mountain Brook Library Foundation in Mountain Brook, Alabama (AL)

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Mountain Brook Library Foundation
Employer Identification Number (EIN)582094979
Name of OrganizationMountain Brook Library Foundation
In Care of NameSue Murrell
Address50 Oak Street, Mountain Brook, AL 35213-4219
ActivitiesGifts, grants, or loans to other organizations, Fundraising
SubsectionCharitable Organization
Ruling Date04/1994
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$3,340,819
Amount of Income$258,621
Form 990 Revenue Amount$258,621


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Financial snapshot ($)

Revenue for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$291,886
Contributions, Gifts, Grants and Other Similar Amounts$187,630
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$64,299
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$36,357
Gross amount from sales of assets other than inventory (Securities / Other)$36,357 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0
Gain or (loss) (Securities / Other)$36,357 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$3,600
Statement of Functional Expenses (for 2011)
Total functional expenses$187,779
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$187,779
Balance Sheet (for 2011)
Total assets$3,050,699
Total liabilities$0
Total net assets or fund balances$3,050,699
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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