Craftsbury Public Library Inc
- Assets
- $1.2m
- Revenue
- $451.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Craftsbury Common, VT
- Founding
- 06/1986
- Data as of
- 12/2021
- EIN
- 03-0271632
Organization Overview
Craftsbury Public Library Inc is located in Craftsbury Common, VT. The organization was established in 1986. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Craftsbury Public Library Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Craftsbury Public 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, Craftsbury Public Library Inc generated $451.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $143.1k during the year ending 12/2021. While expenses have increased by 6.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FOR A FREE PUBLIC LIBRARY ALL YEAR LONG. WE HAVE AN OUTREACH PROGARM TO THREE TOWNS WITH PRE-SCHOOLS WITH A MONTHLY BOOK BOX DELIVERED FREE. WE PROVIDE INTERNET ACCESS FOR SCHOOL CHILDREN AFTER SCHOOL,EVENINGS, AND WEEKENDS. READING DISCUSSION PROGRAMS WITH OTHER GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ned Houston Chair | Officer | 1 | $0 |
Polly Allen Secretary | Officer | 1 | $0 |
Lise Erickson Vice Chair | Officer | 1 | $0 |
Christina Rumery Treasurer | Officer | 2 | $0 |
Barb Strong Trustee | Trustee | 1 | $0 |
Steve Moffatt Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,061 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $400,582 |
| Total Program Service Revenue | $0 |
| Investment income | $15,558 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,406 |
| Net Income from Fundraising Events | $4,620 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $451,166 |
| 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 | $73,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,661 |
| Payroll taxes | $5,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,107 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,572 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,987 |
| Information technology | $1,516 |
| Royalties | $0 |
| Occupancy | $8,498 |
| Travel | $53 |
| 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 | $14,150 |
| Insurance | $441 |
| All other expenses | $1,602 |
| Total functional expenses | $143,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,902 |
| Savings and temporary cash investments | $61,475 |
| 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 | $0 |
| Net Land, buildings, and equipment | $453,720 |
| Investments—publicly traded securities | $657,162 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,233,259 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,206 |
| Total liabilities | $3,206 |
| Net assets without donor restrictions | $1,230,053 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,233,259 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Craftsbury Public Library Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Mgn Foundation Tr Wilmington, DE PURPOSE: REBUILDING LITERACY PARTNERSHIPS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pierpont Morgan Library New York, NY | $416,332,166 | $59,153,120 |
Rochester Public Library Rochester, NY | $13,709,813 | $21,920,405 |
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |
Springfield Museums Corporation Springfield, MA | $83,263,430 | $9,886,411 |
Westchester Library System Elmsford, NY | $6,787,041 | $7,508,558 |
American Antiquarian Society Worcester, MA | $122,268,688 | $9,559,298 |