Norman Williams Public Library
- Assets
- $6.5m
- Revenue
- $1.7m
- Investments
- $21.0k
- Employees
- 16
- Location
- Woodstock, VT
- Founding
- 03/1943
- Data as of
- 06/2022
- EIN
- 03-0179304
Organization Overview
Norman Williams Public Library is located in Woodstock, VT. The organization was established in 1943. As of 06/2022, Norman Williams Public Library employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norman Williams 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, Norman Williams Public Library generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $704.5k during the year ending 06/2022. While expenses have increased by 3.4% 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
TO PROVIDE LIBRARY SERVICES TO THE GREATER WOODSTOCK COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORMAN WILLIAMS PUBLIC LIBRARY SEEKS TO ENRICH THE INTELLECTUAL, CULTURAL, AND CIVIC LIFE OF GREATER WOODSTOCK BY PROMOTING A LOVE OF READING AND LIFELONG LEARNING; FOSTERING THE FREE EXCHANGE OF IDEAS; PROVIDING A WELCOMING SPACE FOR PEOPLE OF ALL AGES AND BACKGROUNDS; AND OFFERING RESOURCES FOR BUILDING A MORE JUST AND HUMANE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clare Mcfarland Director | Officer | 40 | $66,035 |
Bill Colson- Tenure Ended 822 Vice President | OfficerTrustee | 2 | $0 |
Rachael Ringenberg- Tenure Began 82 Vice President | OfficerTrustee | 2 | $0 |
Karen Copenhaver Secretary | OfficerTrustee | 2 | $0 |
Joseph Boyd President | OfficerTrustee | 2 | $0 |
Dave Green- Tenure Began 522 Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $208,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,426,221 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,634,971 |
| Total Program Service Revenue | $47,927 |
| Investment income | $53,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,000 |
| Net Gain/Loss on Asset Sales | -$31,002 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,716,852 |
| 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. | $69,288 |
| Compensation of current officers, directors, key employees. | $27,716 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,877 |
| Pension plan accruals and contributions | $14,117 |
| Other employee benefits | $0 |
| Payroll taxes | $26,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,675 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,320 |
| Information technology | $12,060 |
| Royalties | $0 |
| Occupancy | $62,801 |
| 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 | $125,419 |
| Insurance | $12,755 |
| All other expenses | $1,613 |
| Total functional expenses | $704,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,306 |
| Savings and temporary cash investments | $30,848 |
| Pledges and grants receivable | $10,500 |
| 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 | $2,395 |
| Net Land, buildings, and equipment | $3,341,723 |
| Investments—publicly traded securities | $3,042,942 |
| Investments—other securities | $21,018 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,544,732 |
| Accounts payable and accrued expenses | $38,971 |
| 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 | $2,569 |
| Total liabilities | $41,540 |
| Net assets without donor restrictions | $6,487,584 |
| Net assets with donor restrictions | $15,608 |
| 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 | $6,544,732 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Norman Williams Public Library has recieved totaling $18,358.
| Awarding Organization | Amount |
|---|---|
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $10,700 |
Kirby Family Foundation Inc Augusta, GA PURPOSE: COMMUNITY SUPPORT | $3,000 |
Mccollom Family Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $1,500 |
Seelert Foundation Inc New Canaan, CT PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
Lynch Family Foundation West Hartford, CT PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $1,000 |
William & Gayle Chorske Family Foundation Ltd Woodstock, VT PURPOSE: ORGANIZATION SUPPORT | $800 |
Endowment Analysis
| Beg. Balance | $2,479,571 |
| Earnings | -$505,286 |
| Admin Expense | $27,675 |
| Net Contributions | $1,105,002 |
| Other Expense | $159,000 |
| Ending Balance | $2,892,612 |
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 |