Goodrich Memorial Library Inc
- Assets
- $2.2m
- Revenue
- $225.0k
- Investments
- $0.0
- Employees
- 15
- Location
- Newport, VT
- Founding
- 04/2002
- Data as of
- 12/2021
- EIN
- 03-0184028
Organization Overview
Goodrich Memorial Library Inc is located in Newport, VT. The organization was established in 2002. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Goodrich Memorial Library Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodrich Memorial Library 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, Goodrich Memorial Library Inc generated $225.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $185.3k during the year ending 12/2021. 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
OPERATION OF A PUBLIC LIBRARY TO PROVIDE COMMUNITY ACCESS TO BOOKS, MAGAZINES, PERIODICALS, AND TO PROVIDE A PUBLIC FORUM FOR HISTORICAL AND CULTURAL ACTIVITIES AND CREATING A COMMUNITY FUELED BY IMAGINATION, INFORMATION AND CONNECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS OF A PUBLIC LIBRARY, PROVIDING PUBLIC ACCESS TO BOOKS AND PERIODICALS, RESEARCH AND CURRENT EVENT INFORMATION. A PUBLIC GATHERING LOCATION FOR HISTORICAL, CULTURAL EVENTS AND ARCHIVES. THE LIBRARY ALSO PROVIDES CHILDRENS RESOURCES, STORY TIME AND OTHER ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Pariseau Head Librarian | OfficerTrustee | 0 | $29,651 |
Steven Edgerley Director | OfficerTrustee | 0 | $0 |
James Johnson Chairman | OfficerTrustee | 0 | $0 |
Melissa Petterson Director | Trustee | 0 | $0 |
Keith Richards Director | Trustee | 0 | $0 |
Denise Daigle Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,961 |
| Related organizations | $0 |
| Government grants | $92,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,104 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,037 |
| Total Program Service Revenue | $0 |
| Investment income | $22,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,758 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,952 |
| 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 | $91,994 |
| Pension plan accruals and contributions | $1,396 |
| Other employee benefits | $0 |
| Payroll taxes | $7,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,473 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,038 |
| Office expenses | $10,730 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,821 |
| 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 | $2,882 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $185,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,613 |
| 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 | $56 |
| Net Land, buildings, and equipment | $1,458,870 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $669,445 |
| Total assets | $2,193,984 |
| Accounts payable and accrued expenses | $920 |
| 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 | $2,498 |
| Total liabilities | $3,418 |
| 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 | $1,411,593 |
| Retained earnings, endowment, accumulated income, or other funds | $778,973 |
| Total liabilities and net assets/fund balances | $2,193,984 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Goodrich Memorial Library Inc has recieved totaling $36,479.
| Awarding Organization | Amount |
|---|---|
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $36,428 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $51 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Edge Inc Woodside, NY | $17,691,721 | $41,097,036 |
Fresh Air Fund New York, NY | $157,511,340 | $17,546,522 |
Center For Responsive Schools Inc Turners Falls, MA | $25,338,958 | $15,592,654 |
National Ramah Commission Inc New York, NY | $12,167,427 | $13,313,084 |
Aloha Foundation Inc Fairlee, VT | $55,861,935 | $11,897,602 |
Ramapo For Children Inc New York, NY | $10,937,296 | $6,513,024 |
Eli And Bessie Cohen Camps Wellesley, MA | $10,639,534 | $7,379,117 |
Gospel Volunteers Inc Speculator, NY | $22,831,003 | $9,014,614 |
Camp Ramah In New England Norwood, MA | $14,386,736 | $8,356,942 |
Henry Kaufmann Campgrounds Inc Pearl River, NY | $6,361,137 | $5,869,898 |
Keewaydin Foundation Salisbury, VT | $35,301,903 | $7,611,414 |
Surprise Lake Camp Cold Spring, NY | $16,694,153 | $3,893,782 |