Friends of the Mustang Public Library, Inc.
PO Box 1104
Mustang OK 73064
Tax Exempt Status Public Supported Charity
Mission Statement Dedicated to providing the resources for books, material and activities that promote literacy and enrich learning in our library, schools and community.
Contact Information
Contact Name Beth Allen
Contact email bballens@juno.com
Address PO Box 1104
Mustang, OK 73064
Phone (405) 376-2226
Fax 405-376-9925
County Canadian County
How to Give
Donate to Endowment http://occf.org/fmpl/
Other ways to donate, support or volunteer
mail check to our post office box or send to occf endowment  fund in our name
Financial Summary
 
 
Projected Revenue $24,160.00
Projected Expenses $24,160.00
History and Background
Year Founded 2003
IRS Ruling Year 2002
State Registration Expiration May 2016
Statements
Mission Dedicated to providing the resources for books, material and activities that promote literacy and enrich learning in our library, schools and community.
Background
The Friends of the Mustang Public Library was started in 2001 and incorporated in 2002 with the idea that we could provide much needed funds for the childrens area of the library.  Some of the books were in such shape that they were taped together.  There were a limited amount of books at that time.  WE HAVE MADE A DIFFERENCE.
We are a small group of dedicated individuals with a vision for the excellence of our library.  We have a talented library director and library board that works very well with the organization.
We have gone from 3500 sf to 13,255 sf and will be at 20,455 sf after our expansion because our community stands behind us.
 
Impact
Our top three accomplishment for this year:
1.  Purchased and installed a LED sign (4'x10') for the library.
2.  Promoted library for a bond election to enlarge the library-it passed.
3.  Provided funds for summer reading program.
 
Goals for current year:
1.  Provide funds for furnishing the library expansion
2.  Continue to provide funds for programs
3.  Fundraising for current year (Chocolate Festival, Golf tournament and exploring a 5 K Run to become an annual event) 
4. 
Needs
The funds estimated for the expansion were for the bare bones of the building.
Friends of the Mustang Library will provide funds for some of the furniture.  We want to concentrate on the children's section with a unique and inviting  colorful design.
CEO/Executive Director Statement
n/a
Area Served
Area Served
Geographic Area Served
Mustang
Canadian County
The Mustang Public Library serves not only our small town of 18,000 but the small towns of Minco, Tuttle, Union City and surrounding counties.
Service Categories
Secondary Organizational Category Education/Libraries
Tertiary Organizational Category Public & Societal Benefit/Public & Societal Benefit NEC
Programs
Description
The Friends of the Mustang Library are dedicated to supporting the expansion of our new library addition. Our emphasis is on the children section.
Strategy
Population Served General/Unspecified
Program Success MonitoringHelpDescription of the tools used to measure or track program impact.
In 2012 a bond issue was passed and $1,299,100 will be used to construct and equip the library.  The Friends will work with the city to insure the success of this project.
CEO/Executive Director
CEO/Executive Director All Volunteer
Start Date Jan 0
Email N/A
Staff
Number of Full-time Staff 0
Number of Part-time Staff 0
Number of Contract Staff 0
Number of Volunteers 12
Does CEO/Executive Director have formal evaluations? N/A
Management reports to board? N/A
Organizational Plans
Fundraising Plan Under Development
Communication Plan Under Development
Strategic Plan Yes
Number of Years Strategic Plan Considers 10
Date Strategic Plan Adopted 2007
Management Succession Plan No
Organization Policies and Procedures Under Development
Collaborations
Mustang Public Library
Board Chair
Name Brett Jones
Company Affiliation No Affiliation
Term Jan 2011 to Dec 2016
Email oubrett@cox.net
Board of Directors
List Current as of Jan 01, 2016
Board of Directors List
NameAffiliationStatus
Beth Allen Voting
Kenneth Bales Voting
Jean Harris Voting
Quinton Hiebert Voting
Brett Jones Voting
Nancy Keiser Voting
Carolyn Klepper Voting
Robert Michener Voting
Polly Michener Voting
Donna Schkolovyi Voting
Desiree Webber Exofficio
Board Demographics - Ethnicity
Caucasian 10
Board Demographics - Gender
Male 4
Female 7
Current Fiscal Year
Fiscal Year Jan 01, 2016-Dec 31, 2016
Current Year Budgeted Total Income $24,160
Current Year Budgeted Total Expenses $24,160
Financial Documents
IRS Letter of Determination
Prior Three Years' Financial History
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
------
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$12,037$4,283$22,023
------
--$138--
Investment Income, Net of Losses$24$27$13
Unrealized Gain/Loss($763)$789$7,957
Membership Dues$480$625$600
Special Events$8,088$13,345$15,969
Revenue In-Kind------
Other------
Expense Allocation
Fiscal Year201520142013
Program Expense$7,423$14,828$12,853
Administration Expense$4,119$2,219$9,840
Fundraising Expense$824$6,555$12,324
Payments to Affiliates------
Total Revenue/Total Expenses1.610.811.33
Program Expense/Total Expenses60%63%37%
Fundraising Expense/Contributed Revenue4%37%32%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$82,537$75,062$79,586
Current Assets$27,288$19,049$25,249
Long-Term Liabilities------
Current Liabilities--$25$154
Total Net Assets$82,537$75,037$79,432
Solvency
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities--761.96163.95
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets0%0%0%
Funding Sources
Top Funding Sources
Fiscal Year201520142013
Top Funding Source & Dollar AmountIndividuals $12,037Special Events $13,345Individuals $22,023
Second Highest Funding Source & Dollar AmountSpecial Events $8,088Individuals $4,283Special Events $15,969
Third Highest Funding Source & Dollar AmountMemberships $480Unrealized Gains(Losses) $789Unrealized Gains(Losses) $7,957
Endowment? Yes
Endowment Spending Policy Percentage
Endowment Spending Policy Percentage (if selected) 5 %
Credit Line? No
Reserve Fund? No
Capital Campaign
Currently in a Capital Campaign? Yes
Campaign Purpose Library Capacity Building
Campaign Goal $1,399,100
Campaign Dates Mar 2012 to Mar 2014
Amount Raised To Date $1,299,100 as of Mar 2012
Capital Campaign Anticipated in Next Five Years? Yes
Comments on Financials
Foundation Staff Comments
All prior year financial information is from IRS Form 990s. 
Address PO Box 1104
Mustang, OK 73064
Primary Phone 405 376-2226
Contact Email bballens@juno.com
Give to Endowment http://occf.org/fmpl/
CEO/Executive Director All Volunteer
Board Chair Brett Jones
Board Chair Company Affiliation No Affiliation