Aldrich Public Library
- Assets
- $6.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 19
- Location
- Barre, VT
- Founding
- 07/1951
- Data as of
- 06/2022
- EIN
- 03-0179303
Organization Overview
Aldrich Public Library is located in Barre, VT. The organization was established in 1951. As of 06/2022, Aldrich Public Library employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aldrich 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 06/2022, Aldrich Public Library generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $697.8k during the year ending 06/2022. While expenses have increased by 2.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ALDRICH PUBLIC LIBRARY INSPIRES THE JOY OF READING, PROMOTES LIFELONG LEARNING, AND STRENGTHENS COMMUNITY. THE LIBRARY SERVES THE RESIDENTS OF BARRE CITY AND BARRE TOWN AND WELCOMES ALL OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC LIBRARY FOR BARRE CITY AND BARRE TOWN RESIDENTS AND ALSO WELCOMES NON RESIDENTS WHO PAY A SMALL FEE FOR A LIBRARY CARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loren Polk Director | Trustee | 40 | $61,548 |
David Sichel Treasurer | OfficerTrustee | $0 | |
Robert Spring Vice Preside | OfficerTrustee | $0 | |
Michael Smith Treasurer | OfficerTrustee | $0 | |
Nancy Pope President | OfficerTrustee | $0 | |
Teddy Waszazak Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $531,484 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,244,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,775,898 |
| Total Program Service Revenue | $2,473 |
| Investment income | $141,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,920,573 |
| 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. | $64,554 |
| Compensation of current officers, directors, key employees. | $38,732 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $311,264 |
| Pension plan accruals and contributions | $6,638 |
| Other employee benefits | $36,411 |
| Payroll taxes | $28,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,231 |
| Advertising and promotion | $0 |
| Office expenses | $19,252 |
| Information technology | $4,293 |
| Royalties | $0 |
| Occupancy | $69,754 |
| 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 | $37,541 |
| Insurance | $11,612 |
| All other expenses | $3,987 |
| Total functional expenses | $697,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,233 |
| Savings and temporary cash investments | $206,465 |
| 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 | $8,021 |
| Net Land, buildings, and equipment | $1,968,498 |
| Investments—publicly traded securities | $4,176,729 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $6,386,946 |
| Accounts payable and accrued expenses | $78,540 |
| 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 | $78,540 |
| Net assets without donor restrictions | $4,819,099 |
| Net assets with donor restrictions | $1,489,307 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,386,946 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Aldrich Public Library has recieved totaling $1,082.
| Awarding Organization | Amount |
|---|---|
Jewett City Savings Bank Foundation Inc Jewett City, CT PURPOSE: EXEMPT PURPOSES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Endowment Analysis
| Beg. Balance | $3,656,243 |
| Earnings | -$514,610 |
| Admin Expense | $27,573 |
| Net Contributions | $1,132,909 |
| Other Expense | $70,240 |
| Ending Balance | $4,176,729 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Great Neck Library Great Neck, NY | $34,961,861 | $11,637,861 |
Oceanside Library Oceanside, NY | $46,476,817 | $6,978,242 |
Connetquot Public Library Bohemia, NY | $10,940,573 | $6,656,257 |
Crandall Library Glens Falls, NY | $18,989,283 | $4,650,669 |
Bryant Library Roslyn, NY | $10,311,911 | $5,190,176 |
Port Jefferson Free Library Port Jefferson, NY | $14,577,531 | $4,685,963 |
Riverhead Free Library Riverhead, NY | $9,623,554 | $4,087,006 |
South Country Library Bellport, NY | $8,624,076 | $4,821,217 |
Nyack Library Nyack, NY | $12,067,573 | $3,118,005 |
Southern Tier Library System Painted Post, NY | $3,072,601 | $2,939,739 |
Cold Spring Harbor Library Cold Spring Harbor, NY | $10,366,192 | $3,012,849 |
Trustees Of The Forbes Library Northampton, MA | $10,232,224 | $2,847,127 |