China Library Association Inc
- Assets
- $361.0k
- Revenue
- $15.6k
- Investments
- $321.3k
- Employees
- 0
- Location
- China Village, ME
- Founding
- 12/1943
- Data as of
- 06/2023
- EIN
- 01-0215216
Organization Overview
China Library Association Inc is located in China Village, ME. The organization was established in 1943. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. China Library Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, China Library Association Inc generated $15.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.0%) each year. All expenses for the organization totaled $44.7k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHINA LIBRARY ASSOCIATION PROVIDES LIBRARY SERVICES TO THE RESIDENTS IN AND AROUND THE TOWN OF CHINA MAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louisa Barnhart President | 3 | $0 | |
Kerri Mcglew Vice President | 2 | $0 | |
Thomas Parent Treasurer | 8 | $0 | |
Mary Boyle Secretary | 2 | $0 | |
Gerry Boyle Trustee | 1 | $0 | |
James Hart Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,788 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,847 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $13,763 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,836 |
| Depreciation | $567 |
| Occupancy | $12,874 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,523 |
| Total operating and administrative expenses | $44,653 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $44,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,153 |
| Savings and temporary cash investments | $8,569 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $16,016 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $360,990 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |