Friends Of Rogers Free Library
- Assets
- $2.4m
- Revenue
- $186.0k
- Investments
- $2.0m
- Employees
- 0
- Location
- Bristol, RI
- Founding
- 09/1976
- Data as of
- 06/2022
- EIN
- 05-0368834
Organization Overview
Friends Of Rogers Free Library is located in Bristol, RI. The organization was established in 1976. 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 Rogers Free 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 06/2022, Friends Of Rogers Free Library generated $186.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 46.6% each year . All expenses for the organization totaled $169.8k during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION IS ORGANIZED FOR THE SOLE PURPOSE OF SUPPORTING AND BENEFITING THE ACTIVITIES AND FUNCTIONS OF THE ROGERS FREE LIBRARY BEYOND ITS TOWN BUDGET
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Souto Director | 1 | $0 | |
Peter Maloney President | 5 | $0 | |
Amy C Vitale Director | 1 | $0 | |
David M Gwizdowski Directortreasurer | 1 | $0 | |
Nichole Lewis Director | 1 | $0 | |
Catherine Murray Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,942 |
| Interest on Savings | $739 |
| Dividends & Interest | $37,145 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,967 |
| Capital Gain Net Income | $105,967 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $219 |
| Total Revenue | $186,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $538 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $137,194 |
| Total operating and administrative expenses | $169,768 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $169,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,971 |
| Savings and temporary cash investments | $373,564 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,379,958 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Friends Of Rogers Free Library has awarded $40,776 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Bristol, RI PURPOSE: TO PAY FOR THE OCEAN STATE LIBRARY FEES FOR 2017 | $31,000 |
PARENTS AS TEACHERS PURPOSE: TRAINING PROGRAMS FOR FAMILIES | $4,824 |
KATHY BULLARD PURPOSE: CONSULTANT FEE TO DEVELOP STRATEGIC PLAN - LIBRARY | $3,652 |
JENNIFER HAIGH PURPOSE: SPEAKER FOR A PROGRAM AT THE LIBRARY | $1,000 |
LIVING LITERATURE PURPOSE: DEVELOP PROGRAMS FOR LIBRARY | $300 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of Rogers Free Library has recieved totaling $91,514.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: ONGOING LITERACY SUPPORT; PROGRAM SUPPORT; GENERAL OPERATING | $91,314 |
The Armstrong Family Foundation Brookfield, WI PURPOSE: SUPPORT FOR SCHOLARS | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hansjorg Wyss Institute For Biologically Inspired Engineering Boston, MA | $178,608,152 | $47,853,271 |
University Of Connecticut Foundation Incorporated Storrs, CT | $744,628,423 | $150,826,250 |
Trustees For Harvard University Cambridge, MA | $1,524,141,919 | $57,204,982 |
The University Of Rhode Island Foundation & Alumni Engagement Kingston, RI | $283,152,721 | $40,864,874 |
Harvard Private Capital Realty Inc Boston, MA | $2,527,458,180 | $415,073,812 |
University Of Massachusetts Foundation Inc Boston, MA | $842,030,994 | $57,111,837 |
Advanced Functional Fabrics Of America Inc Cambridge, MA | $14,465,650 | $24,588,104 |
Board Of Trustees Of The Sheffield Scientific School New Haven, CT | $633,187,432 | $22,416,568 |
Dudley Square Realty Corporation Boston, MA | $98,074,702 | $123 |
Trustees Of The Public Library Of The City Of Boston Boston, MA | $99,754,907 | $16,249,859 |
Lord Foundation Of Massachusetts Inc Cambridge, MA | $0 | $665,000 |
Mit International Inc Cambridge, MA | $42,886,000 | $6,428,000 |