Westfield Athenaeum
- Assets
- $7.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 28
- Location
- Westfield, MA
- Founding
- 09/1953
- Data as of
- 06/2022
- EIN
- 04-6004372
Organization Overview
Westfield Athenaeum is located in Westfield, MA. The organization was established in 1953. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2022, Westfield Athenaeum employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westfield Athenaeum 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, Westfield Athenaeum generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.4m 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
FREE PUBLIC LIBRARY AND HISTORICAL MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOOKMOBILE CIRCULATION AND OUTREACH PROGRAM CIRCULATED DELIVERED TO NEARLY 150 RESIDENTS WHO WOULD OTHERWISE NOT BE ABLE TO TO GET LIBRARY MATERIALS ON A REGULAR BASIS. VISITATIONS WERE LIMITED DUE TO COVID.
ADULT (92 PROGRAMS IN 2021) AND CHILDREN'S (81 PROGRAMS IN 2021) READING PROGRAMS OFFERED PARTICIPANTS AN OPPORTUNITY TO WRITE AND POST COMMENTS ABOUT WHAT THEY READ. OVER 10,157(9,251 ADULTS, 806 CHILDREN IN 2021) PEOPLE PARTICIPATED IN BOTH PROGRAMS.PROGRAMS WERE GREATLY LIMITED DUE TO COVID AND WERE PROVIDED VIRTUALLY.
THE EDWIN SMITH HISTORICAL MUSEUM IS OPEN TWO DAYS A WEEK WHILE OVER 500 SCHOOL AGED CHILDREN VISITED THE MUSEUM TO LEARN ABOUT COLONIAL DAYS AND THE DEVELOPMENT OF AGRICULTURE AND INDUSTRY IN WESTFIELD. THE VISITATIONS WERE LIMITED TO COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Morin Treasurer | OfficerTrustee | 2 | $0 |
Deborah Strycharz Asst Treasurer | OfficerTrustee | 2 | $0 |
Tracie Kester Secretary | OfficerTrustee | 2 | $0 |
Susan Drummey President | OfficerTrustee | 2 | $0 |
Donna Burkott Director | Trustee | 2 | $0 |
Philip Cameron Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,211,428 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,380,951 |
| Total Program Service Revenue | $0 |
| Investment income | $82,962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $138,152 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,625,201 |
| 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 | $915,044 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,802 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,351 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,594 |
| 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 | $86,478 |
| Insurance | $33,755 |
| All other expenses | $49,526 |
| Total functional expenses | $1,399,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,300 |
| Savings and temporary cash investments | $1,086,314 |
| Pledges and grants receivable | $802 |
| 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 | $3,021,783 |
| Investments—publicly traded securities | $3,608,541 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,875,740 |
| Accounts payable and accrued expenses | $12,728 |
| 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 | $8,669 |
| Total liabilities | $21,397 |
| Net assets without donor restrictions | $3,160,043 |
| Net assets with donor restrictions | $4,694,300 |
| 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 | $7,875,740 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Westfield Athenaeum has recieved totaling $42,171.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: HISTORICAL PRES. (ARTCULT) | $15,700 |
Westfield Academy Trustees Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $12,300 |
Caroline Blanton Thayer Charitable Trust Boston, MA PURPOSE: GENERAL PURPOSE | $10,000 |
Sarah Gillett Services For The Elderly Inc Westfield, MA PURPOSE: LARGE PRINT BOOKS | $3,960 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $211 |
Endowment Analysis
| Beg. Balance | $4,427,180 |
| Earnings | -$620,209 |
| Admin Expense | $34,688 |
| Other Expense | $163,742 |
| Ending Balance | $3,608,541 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Ferguson Library Stamford, CT | $21,910,876 | $11,228,846 |
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 |
Providence Public Library Providence, RI | $36,987,936 | $6,478,555 |
Westchester Library System Elmsford, NY | $6,787,041 | $7,508,558 |
American Antiquarian Society Worcester, MA | $122,268,688 | $9,559,298 |