Royalton Memorial Libary Assoc
- Assets
- $403.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- S Royalton, VT
- Founding
- 07/1997
- Data as of
- 06/2023
- EIN
- 03-0189406
Organization Overview
Royalton Memorial Libary Assoc is located in S Royalton, VT. The organization was established in 1997. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2023, Royalton Memorial Libary Assoc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royalton Memorial Libary Assoc 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 06/2023, Royalton Memorial Libary Assoc generated $110.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $93.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ROYALTON MEMORIAL LIBRARY IS TO MAKE ITS RESOURCES AVAILABLE AND USEFUL TO OUR COMMUNITY AND TO SUSTAIN AND PRESERVE A UNIVERSAL COLLECTION OF KNOWLEDGE AND CREATIVITY THAT ASSISTS PATRONS IN THE PURSUIT OF EDUCATION INFORMATION RESEARCH AND PLEASURE.
Describe the Organization's Program Activity:
Part 3
LENDING SERVICES INCLUDE LOAN OF BOOKS RENEWAL AND RESERVATION FACILITIES. MAJOR ACCOMPLISHMENT THIS YEAR WAS THE REDESIGN CHILDREN'S PICTURE BOOKS AREA AND RE-CATALOGUED. THIS HAS RESULTED IN A 35% INCREASE IN CIRCULATION. ANOTHER ACCOMPLISHMENT THIS YEAR INCLUDED EXPANDING OUR YOUNG ADULT COLLECTION AND CREATING A TEEN AREA IN THE LIBRARY.
STORY TIME & SUMMER READING WITH MUSIC AND CRAFTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Levasseur Assistant | 20 | $12,402 | |
Bridgett Taylor President | 2 | $0 | |
Dena Wilkie-Wolfe Secretary | 2 | $0 | |
Phoebe Roda Treasurer | 2 | $0 | |
Francis Flannery Trustee | 4 | $0 | |
Steven Hall Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,703 |
| Total Program Service Revenue | $526 |
| Membership dues | $0 |
| Investment income | $20,999 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$2,113 |
| Other Revenue | $25 |
| Total Revenue | $110,140 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $64,069 |
| Professional fees and other payments to independent contractors | $3,350 |
| Occupancy, rent, utilities, and maintenance | $2,880 |
| Printing, publications, postage, and shipping | $66 |
| Other expenses | $22,726 |
| Total expenses | $93,091 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $403,419 |
| Other assets | $0 |
| Total assets | $403,419 |
| Total liabilities | $0 |
| Net assets or fund balances | $403,419 |