Cumberland Library Fund Inc
- Assets
- $493.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cumberland, RI
- Founding
- 03/1995
- Data as of
- 12/2023
- EIN
- 05-0480964
Organization Overview
Cumberland Library Fund Inc is located in Cumberland, RI. The organization was established in 1995. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. Cumberland Library Fund Inc 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 12/2023, Cumberland Library Fund Inc generated $98.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $90.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
PURCHASE MATERIALS FOR THE CUMBERLAND PUBLIC LIBRARY. THE LIBRARY ITSELF ISFOCUSED ON MEETING THE EDUCATIONAL NEEDS OF THE CITIZENS OF CUMBERLAND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Tanguay Vice Chair | 5 | $0 | |
Nancy Chaput Secretary | 5 | $0 | |
Eric Listenfelt Chair | 5 | $0 | |
Susan Rebelo Treasurer | 5 | $0 | |
Martha Correia Director | 5 | $0 | |
Lynne Diagneault Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,385 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $98,385 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $90,407 |
| Total expenses | $90,407 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $493,327 |
| Other assets | $0 |
| Total assets | $493,327 |
| Total liabilities | $0 |
| Net assets or fund balances | $493,327 |