Norwich Public Library Association
- Assets
- $1.1m
- Revenue
- $422.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Norwich, VT
- Founding
- 02/1974
- Data as of
- 06/2022
- EIN
- 03-0229638
Organization Overview
Norwich Public Library Association is located in Norwich, VT. The organization was established in 1974. As of 06/2022, Norwich Public Library Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwich Public Library Association 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, Norwich Public Library Association generated $422.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $422.2k during the year ending 06/2022. While expenses have increased by 1.3% 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
THE NORWICH PUBLIC LIBRARY VIGOROUSLY NURTURES A LOVE OF READING AND THE PURSUIT OF LIFE-LONG LEARNING THROUGH ITS BROAD COLLECTIONS AND DYNAMIC ACTIVITIES HONED TO MEET THE NEEDS AND INTERESTS OF THE EVER-CHANGING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORWICH PUBLIC LIBRARY PROVIDES A FULL RANGE OF LIBRARY SERVICES TO THE RESIDENTS OF NORWICH, VT. DURING THE YEAR ENDED JUNE 30, 2022, THE LIBRARY HAD 2,185 PATRONS. IN JULY 2022, NPL EXPANDED OPEN HOURS TO PRE-PANDEMIC LEVELS. NINETY-FOUR PROGRAMS (IN PERSON & VIRTUAL) WERE HELD WITH 3,145 PEOPLE ATTENDING. CIRCULATION OF LIBRARY MATERIALS INCREASED 22%. OUR FREE 24/7 WIFI WAS ACCESSED 16,535 TIMES.
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 |
|---|---|---|---|
Lucinda Walker Director | Officer | 40 | $69,820 |
Demo Sofronas Vice President | OfficerTrustee | 1 | $0 |
Mark Lilienthal President | OfficerTrustee | 1 | $0 |
Leslie Rimmer Treasurer | OfficerTrustee | 1.5 | $0 |
Kathy Cadow Parsonnet Secretary | OfficerTrustee | 1 | $0 |
Richard Adams Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,200 |
| Related organizations | $0 |
| Government grants | $294,663 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,956 |
| Noncash contributions included in lines 1a–1f | $1,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,819 |
| Total Program Service Revenue | $1,729 |
| Investment income | $5,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,419 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $422,762 |
| 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. | $79,053 |
| Compensation of current officers, directors, key employees. | $39,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,179 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,028 |
| Payroll taxes | $17,694 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,469 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,250 |
| Advertising and promotion | $79 |
| Office expenses | $9,360 |
| Information technology | $4,906 |
| Royalties | $0 |
| Occupancy | $34,242 |
| 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 | $32,002 |
| Insurance | $10,045 |
| All other expenses | $1,576 |
| Total functional expenses | $422,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,627 |
| Savings and temporary cash investments | $140,530 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $575 |
| 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 | $2,194 |
| Net Land, buildings, and equipment | $530,575 |
| Investments—publicly traded securities | $322,117 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,114,618 |
| Accounts payable and accrued expenses | $11,945 |
| 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 | $0 |
| Total liabilities | $11,945 |
| Net assets without donor restrictions | $1,053,573 |
| Net assets with donor restrictions | $49,100 |
| 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 | $1,114,618 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Norwich Public Library Association has recieved totaling $43,330.
| Awarding Organization | Amount |
|---|---|
G Walter Woodworth Charitable Remainder Unitrust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $31,740 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $11,548 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Endowment Analysis
| Beg. Balance | $519,966 |
| Earnings | -$46,677 |
| Net Contributions | $165,000 |
| Other Expense | $192,271 |
| Ending Balance | $446,018 |
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 |