Chocorua Public Library
- Assets
- $484.3k
- Revenue
- $90.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Chocorua, NH
- Founding
- 06/1981
- Data as of
- 12/2021
- EIN
- 02-6005339
Organization Overview
Chocorua Public Library is located in Chocorua, NH. The organization was established in 1981. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Chocorua Public Library employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chocorua Public Library 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 12/2021, Chocorua Public Library generated $90.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $65.3k during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC LIBRARY SERVING RESIDENTS OF TAMWORTH, NH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAINTAINS A NON-FEE PUBLIC LIBRARY SERVICING THE RESIDENTS OF TAMWORTH, NH. THE LIBRARY CONTAINS VARIOUS PERIODICALS AND APPROXIMATELY 10,000 VOLUMES FOR READING AND RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Coco Chair | OfficerTrustee | 2 | $0 |
Kate Stanley Vice Chair | OfficerTrustee | 2 | $0 |
Melissa Smith Secretary | OfficerTrustee | 2 | $0 |
Susan Macdonald Treasurer | OfficerTrustee | 2 | $0 |
Neysa Packard Director | Trustee | 1 | $0 |
Jenna Dancy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,631 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,631 |
| Total Program Service Revenue | $0 |
| Investment income | $9,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,671 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,130 |
| Fees for services: Other | $0 |
| Advertising and promotion | $360 |
| Office expenses | $381 |
| Information technology | $2,019 |
| Royalties | $0 |
| Occupancy | $5,553 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,474 |
| All other expenses | $598 |
| Total functional expenses | $65,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,172 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $457,169 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $484,341 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $484,341 |
| Total liabilities and net assets/fund balances | $484,341 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chocorua Public Library has recieved totaling $34,923.
| Awarding Organization | Amount |
|---|---|
Tamworth Foundation Tamworth, NH PURPOSE: FUNDING TOWARDS TOWN LIBRARY AND EDUCATION KITS. | $34,908 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Electric Co-Operative Inc East Montpelier, VT | $65,071,467 | $7,723,306 |
Citizens Energy Corp Boston, MA | $91,449,217 | $4,368,479 |
Boston Community Access & Programming Foundation Inc Roxbury, MA | $7,302,849 | $3,314,790 |
Fox Islands Electric Cooperative Inc Vinalhaven, ME | $18,896,049 | $2,614,892 |
Northeast Public Power Association Littleton, MA | $3,141,643 | $2,606,605 |
New England Power Generators Association Inc Westborough, MA | $833,586 | $1,566,455 |
New England States Committee On Electricity Osterville, MA | $2,009,182 | $1,423,476 |
Northern Maine Independent System Administration Inc Bangor, ME | $1,297,192 | $1,121,553 |
Utility Contractors Association Of New England Inc Quincy, MA | $2,709,773 | $1,139,323 |
Light Of Life Ministries Inc Augusta, ME | $2,239,527 | $1,119,059 |
Industrial Energy Consumer Group Augusta, ME | $73,481 | $716,222 |
Maine Water Utilities Association Augusta, ME | $771,330 | $649,493 |