Concord Free Public Library Corporation
- Assets
- $33.8m
- Revenue
- $1.7m
- Investments
- $8.5m
- Employees
- 4
- Location
- Concord, MA
- Founding
- 02/1979
- Data as of
- 06/2023
- EIN
- 04-2121328
Organization Overview
Concord Free Public Library Corporation is located in Concord, MA. The organization was established in 1979. As of 06/2023, Concord Free Public Library Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concord Free Public Library Corporation 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, Concord Free Public Library Corporation generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 3.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN AND MAINTAIN PUBLIC LIBRARY BUILDINGS IN CONCORD, MASSACHUSETTS; OWN AND MAINTAIN SPECIAL COLLECTIONS OF THE CONCORD FREE PUBLIC LIBRARY; MISCELLANEOUS OTHER SUPPORT SERVICES FOR THE CONCORD FREE PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SCHOLARSHIPS AWARDED BY THE BOARD OF TRUSTEES OF THE CONCORD FREE PUBLIC LIBRARY CORPORATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey W Adams Trustee | Trustee | 10 | $0 |
Theodore F Hanselman Trustee | Trustee | 10 | $0 |
Erika Prahl Trustee | Trustee | 10 | $0 |
Cristina Blau Trustee | Trustee | 10 | $0 |
Diana W Clymer Trustee | Trustee | 10 | $0 |
John Boynton Trustee | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ce Floyd Company Inc Contractor Services | 6/29/22 | $5,654,417 |
Johnson Roberts Associates Inc Architectural Services | 6/29/22 | $282,270 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $349,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $349,653 |
| Total Program Service Revenue | $3,361 |
| Investment income | $912,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $416,538 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,682,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,125 |
| 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 | $98,686 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,543 |
| Fees for services: Accounting | $73,734 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,267 |
| Fees for services: Other | $52,743 |
| Advertising and promotion | $0 |
| Office expenses | $77,735 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $297,174 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,079 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $595,198 |
| Insurance | $71,717 |
| All other expenses | $0 |
| Total functional expenses | $1,695,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,845 |
| Savings and temporary cash investments | $38,706 |
| Pledges and grants receivable | $237,549 |
| 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 | $1,075 |
| Net Land, buildings, and equipment | $17,309,809 |
| Investments—publicly traded securities | $7,624,612 |
| Investments—other securities | $8,518,363 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,845,959 |
| Accounts payable and accrued expenses | $188,887 |
| 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 | $132,752 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,693 |
| Total liabilities | $340,332 |
| Net assets without donor restrictions | $28,848,765 |
| Net assets with donor restrictions | $4,656,862 |
| 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 | $33,845,959 |