Friends Of Waterbury Library
- Assets
- $118.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waterbury, VT
- Founding
- 04/1993
- Data as of
- 08/2018
- EIN
- 03-0326304
Organization Overview
Friends Of Waterbury Library is located in Waterbury, VT. The organization was established in 1993. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Waterbury Library 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 08/2018, Friends Of Waterbury Library generated $15.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (56.4%) each year. All expenses for the organization totaled $18.0k during the year ending 08/2018. As we would expect to see with falling revenues, expenses have declined by (68.1%) per year over the past 3 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
2018
Describe the Organization's Program Activity:
Part 3
TO SUPPORT THE WATERBURY PUBLIC LIBRARY INCLUDING THE CONSTRUCTION OF THE NEW LIBRARY THROUGH OUR CAPITAL CAMPAIGN. SUPPORTED THE LIBRARY WITH PURCHASES THAT WERE UNAVAILABLE THROUGH THEIR BUDGET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Siegel President | 2.5 | $0 | |
Michelle Baker Treasurer | 2 | $0 | |
Lila Hamel Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,911 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $52 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14,963 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,295 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,986 |
| Other expenses | $550 |
| Total expenses | $17,998 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $103,587 |
| Other assets | $0 |
| Total assets | $118,898 |
| Total liabilities | $0 |
| Net assets or fund balances | $118,898 |
Grants Awarded
Over the last fiscal year, Friends Of Waterbury Library has awarded $327,491 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF WATERBURY PURPOSE: Capital Project | $321,073 |
WATERBURY PUBLIC LIBRARY PURPOSE: General Support | $6,418 |