Foundation For The Sevier County Public Library System

Sevier County Library Foundation shows strong asset growth and no executive compensation amidst fluctuating revenues and expenses.

EIN: 200746397 · Sevierville, TN · NTEE: B117 · Updated: 2026-03-28

$131KRevenue

$954KAssets

85/100Mission Score (Excellent)

B117

About Foundation For The Sevier County Public Library System

Foundation For The Sevier County Public Library System (EIN: 200746397) is a nonprofit organization based in Sevierville, TN, classified under NTEE code B117. The organization reported total revenue of $131K and total assets of $954K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For The Sevier County Public Library System's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Foundation For The Sevier County Public Library System demonstrates a generally healthy financial position with strong asset growth over time, reaching $954,077 in its latest filing. The organization's revenue and expenses have shown significant fluctuations, with a notable expense spike in 2022 ($720,315) and 2016 ($589,915) which warrants further investigation to understand the underlying activities. However, in the most recent period (202312), expenses were $50,103 against revenues of $169,612, indicating efficient operations for that year. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which is a positive indicator for donor confidence regarding executive pay.

The organization's financial health appears robust, with assets consistently exceeding liabilities (which are reported as $0 across all filings). The substantial revenue in certain years, like $598,421 in 2021 and $714,417 in 2015, suggests successful fundraising or significant one-time contributions. The lack of officer compensation and consistent filing of IRS Form 990s points to a commitment to transparency. While the expense volatility could be a concern if not properly explained, the overall trend of asset accumulation and low administrative overhead (implied by 0% officer compensation) are positive signs for a nonprofit supporting public library systems.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Foundation For The Sevier County Public Library System with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Foundation For The Sevier County Public Library System allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all 13 filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Foundation For The Sevier County Public Library System's IRS 990 filings:

Significant year-over-year expense volatility without clear explanation in summary data (e.g., $720,315 in 2022 vs. $50,103 in 2023).

Strengths

The following positive indicators were identified for Foundation For The Sevier County Public Library System:

Consistent reporting of $0 liabilities across all filings, indicating strong financial management and no debt.
Zero officer compensation reported, suggesting a highly efficient and potentially volunteer-driven leadership structure.
Strong asset growth over time, from $308,506 in 2014 to $954,077 currently, demonstrating financial stability and capacity.
Consistent IRS 990 filing history (13 filings), indicating good governance and transparency.

Frequently Asked Questions about Foundation For The Sevier County Public Library System

What caused the significant expense spikes in 2022 ($720,315) and 2016 ($589,915)?

These spikes likely represent major program expenditures or capital investments, given the organization's mission to support the library system. Further detail would be needed from the full 990 forms to identify specific projects or initiatives.

How does the organization manage its fundraising efforts given 0% reported fundraising expenses?

The 0% reported fundraising expenses suggest that fundraising activities are either conducted by volunteers, integrated into administrative functions, or funded through other means not itemized as direct fundraising costs on the 990-EZ or similar forms.

What is the primary source of the organization's revenue fluctuations?

Revenue fluctuations, such as $598,421 in 2021 compared to $98,459 in 2022, could be due to varying levels of donations, grants, or specific fundraising campaigns. Large one-time gifts or successful grant applications often cause such variability.

Filing History

IRS 990 filing history for Foundation For The Sevier County Public Library System showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Foundation For The Sevier County Public Library System's revenue has declined by 71.6%, moving from $597K to $170K. Total assets increased by 373.9% over the same period, from $189K to $893K. Total functional expenses fell by 90.9%, from $549K to $50K. In its most recent filing year (2023), Foundation For The Sevier County Public Library System reported a surplus of $120K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$170K	$50K	$893K	$0	—	—
2022	$98K	$720K	$774K	$0	—	View 990
2021	$598K	$34K	$1.4M	$0	—	View 990
2020	$175K	$26K	$832K	$0	—	—
2019	$170K	$36K	$682K	$0	—	View 990
2018	$87K	$64K	$549K	$0	—	View 990
2017	$117K	$60K	$527K	$0	—	View 990
2016	$144K	$590K	$470K	$0	—	View 990
2015	$714K	$107K	$916K	$0	—	View 990
2014	$77K	$181K	$309K	$0	—	View 990
2013	$102K	$53K	$412K	$0	—	View 990
2012	$531K	$355K	$364K	$0	—	View 990
2011	$597K	$549K	$189K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $170K, expenses of $50K, and assets of $893K (revenue +72.3% year-over-year).
2022: Revenue of $98K, expenses of $720K, and assets of $774K (revenue -83.5% year-over-year).
2021: Revenue of $598K, expenses of $34K, and assets of $1.4M (revenue +241.3% year-over-year).
2020: Revenue of $175K, expenses of $26K, and assets of $832K (revenue +3.3% year-over-year).
2019: Revenue of $170K, expenses of $36K, and assets of $682K (revenue +96.1% year-over-year).
2018: Revenue of $87K, expenses of $64K, and assets of $549K (revenue -26.2% year-over-year).
2017: Revenue of $117K, expenses of $60K, and assets of $527K (revenue -18.6% year-over-year).
2016: Revenue of $144K, expenses of $590K, and assets of $470K (revenue -79.8% year-over-year).
2015: Revenue of $714K, expenses of $107K, and assets of $916K (revenue +826.4% year-over-year).
2014: Revenue of $77K, expenses of $181K, and assets of $309K (revenue -24.2% year-over-year).
2013: Revenue of $102K, expenses of $53K, and assets of $412K (revenue -80.8% year-over-year).
2012: Revenue of $531K, expenses of $355K, and assets of $364K (revenue -11.1% year-over-year).
2011: Revenue of $597K, expenses of $549K, and assets of $189K.

Data Sources and Methodology

This transparency report for Foundation For The Sevier County Public Library System is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.