Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 07-01-2023 , and ending 06-30-2024
Name of foundation
FURNITURE LIBRARY ASSOCIATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1009 N MAIN ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HIGH POINT, NC27262
A Employer identification number

23-7249036
B Telephone number (see instructions)

(336) 883-4011
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$245,838J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 82,920
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 126,180 126,180 126,180
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 96,770
b Gross sales price for all assets on line 6a 1,031,416
7 Capital gain net income (from Part IV, line 2)... 96,770
8 Net short-term capital gain......... 4,570
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 305,870 222,950 130,750
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 65,044      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 10,597 105   10,492
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,700     8,700
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,346      
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
49,170   4,917
20 Occupancy.............. 13,228     13,228
21 Travel, conferences, and meetings....... 18     18
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
188,408 37,122 3,559 162,210
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 338,511 37,227 8,476 194,648
25 Contributions, gifts, grants paid....... 30,000 30,000
26 Total expenses and disbursements. Add lines 24 and 25 368,511 37,227 8,476 224,648
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -62,641
b Net investment income (if negative, enter -0-) 185,723
c Adjusted net income (if negative, enter -0-)... 122,274
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 223,924 243,517 243,517
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 13,513 2,321 2,321
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,734,891 Click to see attachment
List of Attached Documents:
// Content
5,214,359 		 
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow1,414,023
Less: accumulated depreciation (attach schedule) right arrow1,058,339 404,857 Click to see attachment
List of Attached Documents:
// Content
355,684 		 
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,377,185 5,815,881 245,838
Liabilities 17 Accounts payable and accrued expenses.......... 1,377 2,988
18 Grants payable.................    
19 Deferred revenue................. 32,700 13,950
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 34,077 16,938
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 5,332,097 5,792,932
25 Net assets with donor restrictions............ 11,011 6,011
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 5,343,108 5,798,943
30 Total liabilities and net assets/fund balances (see instructions). 5,377,185 5,815,881
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,343,108
2
Enter amount from Part I, line 27a .....................
2
-62,641
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
518,476
4
Add lines 1, 2, and 3 ..........................
4
5,798,943
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,798,943
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a SALE OF STOCKS & BONDS P 2023-07-01 2024-06-30
b SALE OF STOCKS & BONDS P 2023-06-29 2024-06-30
c SALE OF STOCKS & BONDS P 2022-11-21 2023-11-30
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 334,337   329,767 4,570
b 627,079   534,879 92,200
c 70,000   70,000  
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       4,570
b       92,200
c        
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 96,770
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 4,570
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 2,582
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,582
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,582
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,200
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 14
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,396
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.FURNITURELIBRARY.COM
14
The books are in care ofright arrowKARLA JONES Telephone no.right arrow (336) 883-4011

Located atright arrow1009 N MAIN STHIGH POINTNC ZIP+4right arrow27262
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
KARLA JONES EXECUTIVE DI
40.00 		65,044 0 0
1009 N MAIN ST
HIGH POINT,NC27262
CHRISTI SPANGLE BOARD OF DIR
0.25 		0 0 0
410 W ENGLISH RD SUITE B201
HIGH POINT,NC27262
DUDLEY MOORE JR PRESIDENT
1.00 		0 0 0
701 EASTCHESTER DR
HIGH POINT,NC27262
RUSSELL BIENENSTOCK BOARD OF DIR
0.25 		0 0 0
1353 NORTH AVENUE
NEW ROCHELLE,NY10804
DAVID BLAIR BOARD OF DIR
0.25 		0 0 0
PO BOX 405
SAXAPAHAW,NC27340
DANNY DAVIS BOARD OF DIR
0.25 		0 0 0
2401 S COLLEGE DR
HIGH POINT,NC27261
NANCY FIRE BOARD OF DIR
0.25 		0 0 0
29 WALKER AVE
EAST QUOGUE,NY11942
CAROLINE H S HIPPLE BOARD OF DIR
0.25 		0 0 0
100 FURNITURE PARKWAY
NORWALK,OH44857
GARY INMAN BOARD OF DIR
0.25 		0 0 0
650 N MAIN ST APT 5G
HIGH POINT,NC27260
LIBBY LANGDON BOARD OF DIR
0.25 		0 0 0
37 WEST 39TH ST SUITE 1100
NEW YORK,NY10018
LESLIE NEWBY BOARD OF DIR
0.25 		0 0 0
PO BOX 3326
GREENSBORO,NC27402
JASON PHILLIPS BOARD OF DIR
0.25 		0 0 0
916 FINCH AVE
HIGH POINT,NC27263
ELIZABETH SCRUGGS BOARD OF DIR
0.25 		0 0 0
2209 EWING DR
LEBANON,TN37087
BRIAN SIMPSON VICE PRESIDE
0.50 		0 0 0
2314 MUSKET LANE
GREENSBORO,NC27455
JOHN C TURPIN BOARD OF DIR
0.25 		0 0 0
HPU
NORTON HALL 210
HIGH POINT,NC27268
COMER WEAR BOARD OF DIR
0.25 		0 0 0
200 STEELE ST
HIGH POINT,NC27260
CHIP WRIGHT BOARD OF DIR
0.25 		0 0 0
1 LEGGETT RD
CARTHAGE,MO64836
PATTI CARPENTER BOARD OF DIR
0.25 		0 0 0
77 W 15TH ST STUDIO 6P
NEW YORK,NY10011
JANE DAGMI BOARD OF DIR
0.25 		0 0 0
1024 FERNDALE BLVD
HIGH POINT,NC27262
SUMNER FINCH TREASURER
0.50 		0 0 0
1204 W WESTWOOD
HIGH POINT,NC27262
ANTHONY ASCENCIO STUDENT BOAR
0.25 		0 0 0
4806 RED BRUSH DR
MCLEANSVILLE,NC27301
TERRY VENABLE SECRETARY
0.50 		0 0 0
164 S MAIN ST STE 700
HIGH POINT,NC27260
NICOLE CULLER BOARD OF DIR
0.25 		0 0 0
1223 W WESTWOOD AVE
HIGH POINT,NC27262
BRIAN P GAVIGAN BOARD OF DIR
0.25 		0 0 0
410 W ENGLISH STE 331
HIGH POINT,NC27262
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 MAINTAIN LIBRARY FOR RESEARCH AND STUDY OF FURNITURE MANUFACTURE AND DESIGN 248,000
2 SCHOLARSHIPS FOR STUDY OF FURNITURE DESIGN 15,000
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
4,842,229
b
Average of monthly cash balances.......................
1b
175,367
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
5,017,596
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
5,017,596
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
244,007
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,773,589
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
238,679
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
224,648
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
224,648
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 224,648
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus 224,648
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 224,648
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
122,274 108,453 244,325 204,405 679,457
b 85% (0.85) of line 2a ......... 103,933 92,185 207,676 173,744 577,538
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		224,648 219,266 217,012 186,894 847,820
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		224,648 219,266 217,012 186,894 847,820
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		159,119 151,772 162,883 136,270 610,044
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KARLA JONES
1009 N MAIN STREET
HIGH POINT,NC27262
(336) 883-4011
EXECUTIVE-DIRECTOR@FURNITURELIBRARY.COM
bThe form in which applications should be submitted and information and materials they should include:
ANNUAL FURNITURE AND INTERIOR DESIGN COMPETITION EACH REQUIRE AN ENTRY FORM. THE FURNITURE DESIGN REQUIRES A COMPETITION DESIGN, SCALED DRAWINGS, IDEATION THUMBNAILS, ETC ALL IN PDF FORMAT. THE INTERIOR DESIGN REQUIRES A DESIGN BRIEF, CONCEPT STATEMENT, SPACE PLANS, INTERIOR RENDERINGS AND MATERIAL/COLOR BOARDS, ETC. IN PDF FORMAT. THE ENTRY FORMS AND RULES ARE LOCATED ON THE WEBSITE WWW.FURNITURELIBRARY.COM
cAny submission deadlines:
DECEMBER 10, 2023
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
OPEN TO STUDENTS OF FURNITURE OR INTERIOR DESIGN PROGRAMS. NO GEOGRAPHICAL LIMITS.
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
VALENTE ZAMBRANO


4361 COUGAR VILLAGE DR
MAILBOX 1185
HOUSTON,TX77204 		NONE   EDUCATIONAL 5,000
LIAM MONAGHAM


388 PARK PL UNIT 2
BROOKLYN,NY11238 		NONE   EDUCATIONAL 1,500

UNIVERSITY OF HOUSTON
GDH COLLEGE OF ARCHITECTURE & DESIGN PROGRAM
4200 ELGIN ST
HOUSTON,TX77204 		NONE   EDUCATIONAL 1,000
LEILA NATHAN


24882 AVENIDA AVALON
LAGUNA HILLS,CA92653 		NONE   EDUCATIONAL 5,000
ANEESHA DAMA


529 E ANDERSON ST
SAVANNAH,GA31401 		NONE   EDUCATIONAL 1,500

SADDLEBACK COLLEGE

28000 MARGUERITE PKWY
BGS-120
MISSION VIEJO,CA92692 		NONE   EDUCATIONAL 1,000
BRIANNE MONAGHAM


3 WOODROCK RD UNIT 5307
SAVANNAH,GA31404 		NONE   EDUCATIONAL 5,000
JON KANNAPELL


18902 LOVELAND ST
LIVONIA,MI48152 		NONE   EDUCATIONAL 5,000
ELIZABETH BROWN


58 ASHLEY WAY
MYERSVILLE,MD21773 		NONE   EDUCATIONAL 5,000
Total .................................right arrow 3a 30,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 126,180  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 96,770  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   222,950  
13Total. Add line 12, columns (b), (d), and (e)..................
13
222,950
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
FURNITURE LIBRARY ASSOCIATION
 
Employer identification number

23-7249036
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
FURNITURE LIBRARY ASSOCIATION
  		Employer identification number
23-7249036
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
BROYHILL FAMILY FOUNDATION
 
800 HICKORY BLVD SW
 
LENIOR, NC28645

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
BARBOUR SPANGLE DESIGN
 
410 ENGLISH RD STE B201
 
HIGH POINT, NC27262

$ 7,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
OTTO & MOORE INC
 
PO BOX 5627
 
HIGH POINT, NC27262

$ 7,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
VERELLEN FURNITURE
 
5297 PROSPECT ST
 
HIGH POINT, NC27263

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
FURNITURE LIBRARY ASSOCIATION
  		Employer identification number

23-7249036
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
FURNITURE LIBRARY ASSOCIATION
  		Employer identification number

23-7249036
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
FURNITURE LIBRARY ASSOCIATION
EIN:
23-7249036
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES 8,700     8,700

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
FURNITURE LIBRARY ASSOCIATION
EIN:
23-7249036
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
LAND - LIBRARY 1973-03-13 16,000              
BUILDING 1980-06-30 23,807 23,807 S/L 23.0000        
BUILDING 1982-06-30 3,491 3,491 S/L 21.0000        
BUILDING 1985-06-30 3,232 3,232 S/L 20.0000        
ROOF REPAIR 1991-01-15 31,538 31,538 S/L 15.0000        
EXTERIOR PAINTING 1992-03-21 6,275 6,275 S/L 8.0000        
ROOF REPAIR 1993-02-04 1,019 1,019 S/L 13.0000        
RESTORATION PROJ-ARCHITECT 1993-03-16 2,443 2,443 S/L 20.0000        
WIRING 1993-09-09 2,766 2,766 S/L 20.0000        
RESTORATION PROJ-ARCHITECT 1993-12-11 2,678 2,678 S/L 20.0000        
OAK FLOORING 1994-06-30 989 989 S/L 20.0000        
REMOVE INSIDE BASEMENT WALL 1994-02-23 1,800 1,800 S/L 20.0000        
REMOVE UPSTAIRS BATHROOM 1994-11-30 1,217 1,217 S/L 20.0000        
ARCHITECT FEES - REMODEL 1995-02-28 860 860 S/L 20.0000        
CABINETS 1995-03-12 15,000 15,000 S/L 20.0000        
TRACK LIGHTING 1995-03-24 5,274 5,274 S/L 20.0000        
SAND/FINISH HARDWOOD FLOOR 1995-04-14 3,000 3,000 S/L 20.0000        
REMODEL SECOND FLOOR 1995-05-12 9,825 9,825 S/L 20.0000        
ARCHITECT'S FEES-REMODEL 1995-05-28 1,330 1,330 S/L 20.0000        
MINI BLINDS 1995-06-15 855 855 S/L 7.0000        
REMODEL SECOND FLOOR 1995-08-14 691 691 S/L 20.0000        
(7) BOOKCASES INSTALLED 1996-04-30 1,481 1,481 S/L 20.0000        
ARCHITECT FEES - REMODEL 1996-06-30 1,618 1,618 S/L 20.0000        
ARCHITECT FEES - REMODEL 1996-08-31 195 195 S/L 20.0000        
MCRAE ROOFING 1996-10-31 1,210 1,210 S/L 20.0000        
PHASE I - RENOVATIONS 1997-01-31 62,762 62,762 S/L 20.0000        
LIGHTING FIXTURES 1997-01-31 662 662 S/L 20.0000        
MINI BLINDS 1997-05-31 1,606 1,606 S/L 7.0000        
4 DOUBLE, 6 SINGLE DISPLAY 1997-08-06 4,788 4,788 S/L 20.0000        
2, 3' DOUBLE & 2, 4' SINGLE DISPLAY 1997-10-03 2,435 2,435 S/L 20.0000        
RARE BOOK DISPLAY CAS 1998-06-10 1,686 1,686 S/L 20.0000        
FIRST FLOOR RENOVATIONS 1997-08-18 748 748 S/L 20.0000        
RARE BOOK CASE DESIGN 1998-06-15 1,225 1,225 S/L 20.0000        
NEW SIGN 1998-04-17 3,059 3,059 S/L 10.0000        
MECHANICAL LIFT DESIGN 1998-10-01 26,072 26,072 S/L 20.0000        
GARAGE STORAGE PROJECT 1999-06-30 1,019 1,019 S/L 20.0000        
GAS FURNACE 1999-05-10 3,738 3,738 S/L 20.0000        
UPSTAIRS OFFICE RENOVATIONS 1999-01-30 6,557 6,557 S/L 20.0000        
HUMIDIFIER 1999-06-10 609 609 S/L 15.0000        
BUILDING 1973-06-30 30,000 30,000 S/L 30.0000        
WEB PAGE 1998-03-31 9,075 9,075 S/L 3.0000        
SECURITY SYSTEM 1985-06-30 8,600 8,600 S/L 10.0000        
HP DESKJET 1996-01-31 1,000 1,000 S/L 7.0000        
BOOK SHELVES 1991-03-28 2,115 2,115 S/L 7.0000        
(3) BOOK SHELVES 1991-07-17 2,115 2,115 S/L 7.0000        
(3) BOOK SHELVES 1991-11-17 2,115 2,115 S/L 7.0000        
ZAKI ORIENTAL RUG 6'4" X 8'1" 1997-07-31 1,057 1,057 S/L 7.0000        
CARPETING/RUGS 1997-10-30 3,259 3,259 S/L 7.0000        
CARPETING/RUGS 1998-01-12 498 498 S/L 7.0000        
OIL PORTRAIT 1999-06-30 3,600 3,600 S/L 7.0000        
MEMORIAL GARDEN/MONUMENT 1998-11-30 1,725 1,725 S/L 15.0000        
GARAGE STORAGE PROJECT 1999-08-31 23,415 23,415 S/L 20.0000        
L-SHAPED SUNBRELLA 1999-10-04 531 531 S/L 10.0000        
NEW REWIRING & SERVICE 1999-10-04 5,199 5,199 S/L 20.0000        
TABLETOP DISPLAY 1999-06-30 439 439 S/L 7.0000        
TABLETOP PANELS & COVERS 2000-02-23 2,391 2,391 S/L 7.0000        
OIL PAINTING 1999-08-28 782 782 S/L 7.0000        
SHELVING 2001-05-11 1,341 1,341 S/L 7.0000        
DESK 2000-10-13 877 877 S/L 7.0000        
FLOORING FOR INVENTORY ROOM 2000-09-05 721 721 S/L 10.0000        
COPIER 2001-04-02 2,115 2,115 S/L 5.0000        
BUILDING-RARE BOOK ROOM 2002-06-30 211,435 146,830 S/L 30.0000 7,048   704  
WATER HEATING 2002-02-11 832 832 S/L 10.0000        
FURNANCE & AIR CONDITIONING 2002-04-15 6,413 6,413 S/L 15.0000        
PIN & INK ORG DR CS GRAY 2001-09-28 1,273 1,273 S/L 15.0000        
MURATEC F-320 PACSIMILE 2002-04-04 1,486 1,486 S/L 5.0000        
BUILDING ADDITION 2002-09-13 7,826 7,826 S/L 20.0000        
DRIVE WITH FIBER 2002-09-13 2,748 2,748 S/L 15.0000        
PAVE DRIVEWAY 2002-09-13 2,340 2,340 S/L 15.0000        
FENCE 2002-09-12 431 431 S/L 15.0000        
MASONRY ON ROCK SIGN 2002-09-13 805 805 S/L 15.0000        
RARE BOOK ROOM DESIGN 2002-09-30 2,908 2,908 S/L 20.0000        
RARE BOOK ROOM AIR DESIGN 2003-06-13 1,489 1,489 S/L 20.0000        
LANDSCAPING 2002-10-25 1,394 1,394 S/L 15.0000        
DINETTE TABLE & CHAIRS 2002-09-04 659 659 S/L 7.0000        
BUILDING FURNITURE 2002-09-26 1,391 1,391 S/L 7.0000        
WOOD SHELVING 2002-09-10 2,850 2,850 S/L 7.0000        
DIE RACK SHELVES 2002-09-13 2,372 2,372 S/L 7.0000        
SHELVING 2002-07-31 1,910 1,910 S/L 7.0000        
METAL SHELVING 2002-11-12 10,470 10,470 S/L 7.0000        
FURNANCE & AIR CONDITIONING 2004-12-06 3,900 3,900 S/L 15.0000        
GARAGE ROOF REPAIR 2005-06-17 22,319 22,319 S/L 15.0000        
DELL COMPUTER 2004-09-17 1,294 1,294 S/L 5.0000        
5 DRAWER FILE CABNIET 2005-04-08 738 738 S/L 7.0000        
COPIER 2005-06-07 3,205 3,205 S/L 7.0000        
17 INCH MONITOR 2004-12-10 396 396 S/L 5.0000        
AIR CONDITIONING-UPSTAIRS 2007-06-30 1,750 1,750 S/L 10.0000        
GUTTERING 2010-09-13 6,025 5,021 S/L 15.0000 402   40  
WHITE BOOK CASES-PERMANENT COLLECTION 2011-11-21 5,604 5,604 S/L 10.0000        
(1) BRANNON LIBRARY SHELVE SYSTEM 2011-12-06 552 552 S/L 10.0000        
DAVIS FURNITURE TABLES FOR VUNCANNON 2012-01-24 9,342 9,342 S/L 10.0000        
MINI FRIDGE 2012-01-24 871 871 S/L 10.0000        
BOOK TRUCK 2012-02-20 474 474 S/L 10.0000        
BOOK SUPPORTS FOR BOOK CASES 2012-03-06 804 804 S/L 10.0000        
BOOK CASE CUSTOM TOPS 2012-03-09 1,400 1,400 S/L 10.0000        
BOOK CASE GLASS TOPS 2012-04-20 800 800 S/L 10.0000        
BOOK CASE-FOREIGN LANGUAGE BOOKS 2012-05-10 551 551 S/L 10.0000        
INTERIOR BUILDING, RENOVATIONS 2012-01-16 84,914 48,826 S/L 20.0000 4,245   426  
BLINDS FOR FRON 2 ROOMS, 1ST FLOOR 2012-08-06 1,014 1,014 S/L 10.0000        
GRANITE BENCH/ELEVATOR ENTRANCE 2012-09-26 945 662 S/L 15.0000 63   7  
2 WHITE TABLES FOR VUNCANNON ROOM 2013-02-05 1,814 1,814 S/L 10.0000        
EXTERIOR SIGNS 2012-10-23 1,476 1,476 S/L 10.0000        
CARPET FOR VUNCANNON ROOM 2012-11-05 669 669 S/L 5.0000        
ELEVATOR/RENOVATION 2013-03-01 253,681 133,183 S/L 20.0000 12,684   1,270  
COMPUTER/MONITOR/PEACHTREE UPGRADE 2013-09-17 1,116 1,116 S/L 5.0000        
OFFICE BAR STOOLS 2013-11-27 881 837 S/L 10.0000 44   4  
OFFICE FURNITURE 2013-10-16 7,191 6,831 S/L 10.0000 360   36  
GARDEN & LANDSCAPE DESIGN 2014-03-31 32,888 20,829 S/L 15.0000 2,193   219  
GARDEN CONSTRUCTION 2014-03-30 66,644 42,208 S/L 15.0000 4,442   444  
IRRIGATION SYSTEM 2014-03-30 11,400 7,220 S/L 15.0000 760   76  
GENERAL GARDEN & MEMORIAL CONSTRUCTION 2014-03-30 101,301 64,157 S/L 15.0000 6,754   676  
BASEMENT RENOVATIONS 2013-07-30 23,456 11,142 S/L 20.0000 1,173   118  
PARKING LOT IMPROVEMENTS 2013-10-03 44,265 21,026 S/L 20.0000 2,213   222  
HADLEY COURT ROOM RENOVATIONS 2015-01-21 63,040 26,792 S/L 20.0000 3,152   315  
RARE BOOK ROOM HUMIDIFIER 2015-04-02 8,064 8,064 S/L 7.0000        
MEMORIAL GARDEN LIGHTING 2014-09-29 6,600 3,740 S/L 15.0000 440   40  
WINDOWS 10 COMPUTER 2019-05-09 747 673 S/L 5.0000 74   7  
ALARM QUEST SURVELLIANCE CAMERAS 2020-01-03 10,201 7,141 S/L 5.0000 2,040   204  
AUDIO EQUIPMENT-MEMORIAL GARDEN 2021-03-26 2,180 1,090 S/L 5.0000 436   44  
HORSE STATUE REPLACEMENT 2022-10-18 6,499 289 S/L 15.0000 433   43  
HORSE STATUE REPLACEMENT-INSTALLATION 2022-10-21 3,200 142 S/L 15.0000 214   22  

TY 2023 InvestmentsCorpStockSchedule
Name:
FURNITURE LIBRARY ASSOCIATION
EIN:
23-7249036
Name of Stock End of Year Book Value End of Year Fair Market Value
STOCKS, MUTUAL FUNDS, BOND FUNDS 5,214,359  

TY 2023 LandEtcSchedule2
Name:
FURNITURE LIBRARY ASSOCIATION
EIN:
23-7249036
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING 1,398,023 1,058,339 339,684  
FURNITURE & EQUIPMENT        
COMPUTER EQUIPMENT        
LANDSCAPING/GARDEN/SCULPTURES        
LAND 16,000   16,000  


TY 2023 OtherExpensesSchedule
Name:
FURNITURE LIBRARY ASSOCIATION
EIN:
23-7249036
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
INSURANCE - GENERAL 10,432     10,432
CONTRACT LABOR 15,981     15,981
OFFICE SUPPLIES 469     469
POSTAGE AND FREIGHT 270     270
EQUIPMENT RENTS 26,871     26,871
BUILDING REPAIRS 58,437     58,437
REPAIRS - BOOKS 2,163     2,163
MEMBERSHIP DUES 60     60
STUDENT SUMMIT EXPENSES 31,326     46,326
SCHOLARSHIP COMPETITION        
INVESTMENT EXPENSE 37,122 37,122    
CREDIT CARD DISCOUNTS 25   25  
INTERNET ONLINE SERVICE FEES 2,579   2,579  
FURNITURE MARKET EXPENSE 955   955  
FREIGHT OUT 1,111     1,111
MISC FEES 25     25
ADVERTISING & PROMOTIONAL 65     65
PENALTIES        
BOOK COLLECTION PURCHASES 207      
LIBRARY EVENT EXPENSE 210      
MEMORIALS PAID OUT 100      


TY 2023 OtherIncreasesSchedule
Name:
FURNITURE LIBRARY ASSOCIATION
EIN:
23-7249036
Description Amount
UNREALIZED GAIN/LOSS ON INVESTMENTS 518,476


TY 2023 TaxesSchedule
Name:
FURNITURE LIBRARY ASSOCIATION
EIN:
23-7249036
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 3,346