Kellogg Hubbard Library
- Assets
- $7.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 30
- Location
- Montpelier, VT
- Founding
- 04/1979
- Data as of
- 06/2022
- EIN
- 03-0181056
Organization Overview
Kellogg Hubbard Library is located in Montpelier, VT. The organization was established in 1979. As of 06/2022, Kellogg Hubbard Library employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kellogg Hubbard 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, Kellogg Hubbard Library generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.2m 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
OUR MISSION IS TO EMPOWER COMMUNITY MEMBERS TO BECOME LIFELONG LEARNERS BY PROVIDING EASY ACCESS TO MATERIALS, ONLINE RESOURCES, PROGRAMS AND A WELCOMING PLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KELLOGG-HUBBARD LIBRARY PROVIDES FREE LIBRARY SERVICE FOR RESIDENTS OF SIX COMMUNITIES IN WASHINGTON COUNTY, VERMONT AND MAINTENANCE OF FULL SERVICES, INCLUDING BUILDINGS AND GROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessie Lynn Co-Director | Officer | 40 | $70,954 |
Carolyn Brennan Co-Director | Officer | 40 | $66,815 |
Sarah Seidman Secretary | OfficerTrustee | 2 | $0 |
Judy Walke Vice Preside | OfficerTrustee | 2 | $0 |
Bridget Asay President | OfficerTrustee | 2 | $0 |
Susan Zeller Vice Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $496,505 |
| All other contributions, gifts, grants, and similar amounts not included above | $320,319 |
| Noncash contributions included in lines 1a–1f | $11,344 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $816,824 |
| Total Program Service Revenue | $36,727 |
| Investment income | $128,415 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $354,049 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,345,818 |
| 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. | $142,741 |
| Compensation of current officers, directors, key employees. | $61,928 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $408,598 |
| Pension plan accruals and contributions | $22,901 |
| Other employee benefits | $62,948 |
| Payroll taxes | $44,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,343 |
| Fees for services: Accounting | $8,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,825 |
| Fees for services: Other | $19,559 |
| Advertising and promotion | $6,922 |
| Office expenses | $8,332 |
| Information technology | $26,538 |
| Royalties | $0 |
| Occupancy | $261,362 |
| Travel | $30 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,542 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,114 |
| Insurance | $14,367 |
| All other expenses | $0 |
| Total functional expenses | $1,231,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190 |
| Savings and temporary cash investments | $542,862 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500 |
| 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 | $268 |
| Net Land, buildings, and equipment | $1,685,915 |
| Investments—publicly traded securities | $5,309,150 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,538,885 |
| Accounts payable and accrued expenses | $40,002 |
| Grants payable | $0 |
| Deferred revenue | $10,376 |
| 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 | $50,378 |
| Net assets without donor restrictions | $6,568,374 |
| Net assets with donor restrictions | $920,133 |
| 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 | $7,538,885 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Kellogg Hubbard Library has recieved totaling $65,799.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $31,490 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $17,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $10,250 |
Seidman Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $4,000 |
Larsen Fund Harrison, NY PURPOSE: GENERAL OPERATING FUND | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
Endowment Analysis
| Beg. Balance | $5,838,839 |
| Earnings | -$410,813 |
| Net Contributions | $120,500 |
| Other Expense | $239,376 |
| Ending Balance | $5,309,150 |
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 |