Nonprofit · EIN 90-0939132
LIBERTY INC
Tax-exempt · ROSWELL, NM 88202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $534,147 | $521,094 | $13,053 | $196,392 | $196,392 | $0 |
| December 31, 2023 | 990 | $950,669 | $832,097 | $118,572 | $259,334 | $257,433 | $1,901 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,633
- Membership dues
- $9,809
- Program service revenue
- $520,514
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $22,779
- Salaries, compensation and benefits (total)
- $156,938
- Professional fundraising fees
- $0
- Accounting fees
- $16,750
- Occupancy
- $112,584
- Travel
- $5,238
- Depreciation
- $1,180
- Program services (functional)
- $487,224
- Management and general (functional)
- $33,870
Balance sheet and other
- Total assets, start of year
- $259,334
- Total assets, end of year
- $196,392
- Total liabilities, end of year
- $196,392
- Net assets, end of year
- $0
- Gross receipts
- $534,147
- Employees
- 15
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSH RAGSDALE | PRESIDENT Trustee or director, Officer | 20 | $22,779 |
| MEGAN RAGSDALE | VICE PRESIDENT/SECRETARY/T Trustee or director, Officer | 0 | $0 |
| JANET VISSER | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSH RAGSDALE | PRESIDENT Trustee or director, Officer | 20 | $36,693 |
| MEGAN RAGSDALE | VICE PRESIDENT/SECRETARY/T Trustee or director, Officer | 0 | $0 |
| JANET VISSER | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2363, ROSWELL, NM 88202-2363
- In care of
- % JOSHUA B RAGSDALE
- Principal officer (990 for 2024)
- JOSH RAGSDALE, PO BOX 2363, ROSWELL, NM 88202
- Signed the 990
- JOSH RAGSDALE, PRESIDENT
- Phone
- (505) 379-2054
- Website
- WWW.THELIBERTYINC.COM
- Return prepared by
- BARR & COMPANY LLP
Mission
TO PROVIDE OPPORTUNITIES FOR MEMBERS TO ENJOY PERFORMING ARTS AND PROVIDE SOCIAL ACTIVITIES FOR MEMBERS.
Program accomplishments
- TO PROVIDE ENTERTAINMENT AND SOCIAL ACTIVITIES FOR MEMBERS.Expenses $487,224 · revenue $520,514
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 90-0939132
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $196,392
- Income (IRS master file)
- $534,147
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $534,147 | $521,094 | $196,392 | XML |
| 990 | December 2023 | $950,669 | $832,097 | $259,334 | XML |
| 990 | December 2022 | $757,576 | $894,286 | $298,064 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 90-0939132).
Questions about LIBERTY INC
- What is the EIN of LIBERTY INC?
- The employer identification number (EIN) of LIBERTY INC is 90-0939132.
- Is LIBERTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2014.
- Are donations to LIBERTY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LIBERTY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LIBERTY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIBERTY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LIBERTY INC?
- The 990 for the year ended December 31, 2024 names JOSH RAGSDALE.
- Who are the officers and directors of LIBERTY INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $22,779 (JOSH RAGSDALE, PRESIDENT).
- How much revenue does LIBERTY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $534,147, expenses of $521,094 and total assets of $196,392 at year end.
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All nonprofits in ROSWELL · New Mexico · Recreation and sports