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Friends of the Tellico Village Library Inc

EIN 62-1577053 · Loudon, TN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak45 out of 100GovernanceStrong91 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

Provides library services for the community of Tellico Village and surrounding counties. This includes books, DVDs, computer services, Library of Things and community services. This is done with volunteer hours both at the circulation desk and Fundraising activities.

Income
$281,431
Spending
$222,577
Spent on programs
91%
Reserves
-16.9 months of spending
Largest source of income
donations and private grants, 89%
Employees
0
Volunteers
150

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 45 out of 100. Higher than 12% of charities in its peer group (education, $250k to $1m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    5 of 20

    It owes 54% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 21% of income.

  • Income trend

    10 of 15

    Income fell 2% on the year before.

  • Spending floor

    15 of 15

    91% of spending went to programs and raising each dollar of donations cost 5 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 91 out of 100. Higher than 81% of charities in its peer group (education, $250k to $1m).

  • Independent board

    25 of 25

    13 of 13 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $202,685 spent. THROUGH MEMBERSHIPS, FUNDRAISING EVENTS AND GRANTS, THE FRIENDS OF THE TELLICO VILLAGE LIBRARY PROVIDED LIBRARY SERVICES TO OVER 3,963 ACTIVE / REGISTERED LIBRARY USERS (SERVICES ARE OPEN TO ALL COUNTY RESIDENTS). IN 2025, THERE WERE 58,591 EBOOK DOWNLOADS. WE EXCHANGED 1,112 BOOKS WITH OTHER LIBRARIES AND OUR TOTAL CIRCULATION WAS 32,643. THE FOTVL PROVIDED 210 FREE ADULT EDUCATION CLASSES, LECTURES AND PRESENTATIONS. THE FOTVL ALSO PROVIDES A TELESCOPE LENDING PROGRAM (VERY POPULAR ACTUALLY), LITERACY BACKPACKS FOR CHILDREN, AND MEMORY CARE MATERIALS FOR RESIDENTS AND THEIR CARETAKERS.WE INTRODUCED AUDIO PLAYERS IN LATE 2024 AND "A LIBRARY OF THINGS IN LATE 2025." NINE VOLUNTEERS DELIVER BOOKS AND MATERIALS TO HOME-BOUND RESIDENTS. WE SUPPORT AND MAINTAIN "LITTLE LIBRARIES" FOR HABITAT FOR HUMANITY RESIDENTS AND OTHER LOCALITIES. THE FOTVL IS CONSTANTLY BUYING AND UPDATING BOOKS AND MEDIA MATERIALS: AS OF MARCH 2026, WE HELD APPROXIMATELY 35,000 BOOKS, MEDIA, AND AUDIO MATERIALS, WHICH INCLUDE MANY LARGE PRINT BOOKS. THE USDA CERTIFIED THE FOTVL AS ADA ACCESSIBLE AND ONE THAT SUPPORTS RESIDENTS WITH SPECIAL "NEEDS."

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1995.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.