Friends Of Rogers Free Library
- Assets
- $2.1m
- Revenue
- $92.8k
- Investments
- $1.9m
- Employees
- 0
- Location
- Bristol, RI
- Founding
- 09/1976
- Data as of
- 06/2024
- 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 06/2024, Friends Of Rogers Free Library generated $92.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $231.4k during the year ending 06/2024. While expenses have increased by 6.3% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
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 |
|---|---|---|---|
Peter Maloney President | 5 | $0 | |
Amy C Vitale Secretary | 1 | $0 | |
David M Gwizdowski Vice Presidenttreasurer | 5 | $0 | |
Catherine Murray Director | 1 | $0 | |
Nichole Lewis Director | 1 | $0 | |
Amy Guertin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,097 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,685 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,572 |
| Capital Gain Net Income | $18,572 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $434 |
| Total Revenue | $92,788 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $203,309 |
| Total operating and administrative expenses | $231,380 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $231,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,523 |
| Savings and temporary cash investments | $213,907 |
| 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 | $2,143,890 |
| 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 |
|---|---|
TOWN OF BRISTOL PURPOSE: TO PAY FOR THE OCEAN STATE LIBRARY FEES FOR 2017 | $31,000 |
PARENTS AS TEACHERS PURPOSE: TRAINING PROGRAMS FOR FAMILIES | $4,824 |
LIVING LITERATURE PURPOSE: DEVELOP PROGRAMS FOR LIBRARY | $300 |
JENNIFER HAIGH PURPOSE: SPEAKER FOR A PROGRAM AT THE LIBRARY | $1,000 |
KATHY BULLARD PURPOSE: CONSULTANT FEE TO DEVELOP STRATEGIC PLAN - LIBRARY | $3,652 |