St Johnsbury Athenaeum Inc
- Assets
- $10.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 10
- Location
- St Johnsbury, VT
- Founding
- 03/1957
- Data as of
- 12/2021
- EIN
- 03-0183005
Organization Overview
St Johnsbury Athenaeum Inc is located in St Johnsbury, VT. The organization was established in 1957. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, St Johnsbury Athenaeum Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Johnsbury Athenaeum 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 12/2021, St Johnsbury Athenaeum Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $615.2k during the year ending 12/2021. While expenses have increased by 3.1% 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
TO PROVIDE CULTURAL & EDUCATIONAL SERVICES TO COMMUNITIES AS A LIBRARY AND ART GALLERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES FREE LIBRARY SERVICES AND PROGRAMS TO THE LOCAL COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Joly Executive Director | Officer | 50 | $56,945 |
Mary Swainbank Trustee | OfficerTrustee | 2.5 | $0 |
Shannon Lenzini Trustee | OfficerTrustee | 2.5 | $0 |
James Kisch Treasurer | OfficerTrustee | 2.5 | $0 |
Elizabeth Evans Secretary | OfficerTrustee | 2.5 | $0 |
Lester Cleary Trustee | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,343 |
| Noncash contributions included in lines 1a–1f | $15,756 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $485,343 |
| Total Program Service Revenue | $3,854 |
| Investment income | $72,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $785,003 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,219 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,358,471 |
| 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. | $56,946 |
| Compensation of current officers, directors, key employees. | $28,473 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,340 |
| Pension plan accruals and contributions | $9,917 |
| Other employee benefits | $31,952 |
| Payroll taxes | $21,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $695 |
| Fees for services: Accounting | $14,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,838 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,702 |
| Office expenses | $5,679 |
| Information technology | $2,564 |
| Royalties | $0 |
| Occupancy | $51,594 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $359 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,014 |
| Insurance | $15,904 |
| All other expenses | $1,654 |
| Total functional expenses | $615,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,234 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,387 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,445 |
| Prepaid expenses and deferred charges | $3,877 |
| Net Land, buildings, and equipment | $1,805,177 |
| Investments—publicly traded securities | $8,283,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,194,894 |
| Accounts payable and accrued expenses | $6,660 |
| Grants payable | $0 |
| Deferred revenue | $57,500 |
| 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 | $64,160 |
| Net assets without donor restrictions | $7,242,606 |
| Net assets with donor restrictions | $2,888,128 |
| 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 | $10,194,894 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that St Johnsbury Athenaeum Inc has recieved totaling $85,788.
| Awarding Organization | Amount |
|---|---|
Gardinor-Prunaret Foundation Plymouth, MA PURPOSE: GENERAL SUPPORT | $40,000 |
The Boerger Family Charitable Trust Pennington, NJ PURPOSE: GENERAL OPERATING | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $11,350 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $9,438 |
Marilyn Senn Moll Charitable Trust Brooklyn, OH PURPOSE: GENERAL | $5,000 |
Endowment Analysis
| Beg. Balance | $4,838,433 |
| Earnings | $971,158 |
| Admin Expense | $27,888 |
| Net Contributions | $217,354 |
| Other Expense | $190,734 |
| Ending Balance | $5,808,323 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Minority Supplier Development Council Inc New York, NY | $14,151,024 | $19,123,388 |
All Stars Project Inc New York, NY | $22,721,562 | $11,310,796 |
The Hyams Foundation Inc Boston, MA | $163,844,341 | $20,347,329 |
Neighborhood Trust Financial Partners Inc New York, NY | $10,875,094 | $7,150,796 |
African Services Committee Inc New York, NY | $2,169,110 | $5,702,295 |
Urban Arts Partnership New York, NY | $4,790,105 | $5,921,037 |
Artpark & Company Inc Lewiston, NY | $3,327,523 | $5,321,157 |
Education Through Music Inc New York, NY | $3,082,173 | $4,504,496 |
City Access New York Staten Island, NY | $3,686,366 | $4,897,308 |
Partnership Inc Boston, MA | $5,653,072 | $4,577,511 |
Multicultural Aids Coalition Inc Roxbury, MA | $1,116,469 | $3,034,089 |
Instituto Cervantes Usa Inc New York, NY | $12,513,057 | $1,591,640 |