Simsbury Free Library
- Assets
- $1.2m
- Revenue
- $158.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Simsbury, CT
- Founding
- 09/1933
- Data as of
- 12/2021
- EIN
- 06-0646898
Organization Overview
Simsbury Free Library is located in Simsbury, CT. The organization was established in 1933. 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. Simsbury 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 12/2021, Simsbury Free Library generated $158.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $92.1k during the year ending 12/2021. While expenses have increased by 1.6% 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SIMSBURY FREE LIBRARY IS A GENEALOGICAL AND HISTORICAL RESEARCH LIBRARY OPEN TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tj Donohue Trustee | 0 | $0 | |
Richard Curtiss Trustee | 0 | $0 | |
James P Flynn Chairman | 0 | $0 | |
Arthur House Trustee | 0 | $0 | |
Mary Jane Springman Trustee | 0 | $0 | |
Matthew Schoenhardt Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,697 |
| Interest on Savings | $139 |
| Dividends & Interest | $21,031 |
| Net Rental Income | $2,843 |
| Net Gain on Sale of Assets | $83,443 |
| Capital Gain Net Income | $83,443 |
| Net ST Capital Gain | $1,642 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $158,482 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $20,822 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,171 |
| Depreciation | $6,064 |
| Occupancy | $26,614 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,941 |
| Total operating and administrative expenses | $92,072 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $92,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,675 |
| 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 | $61,567 |
| Other assets | $2,147 |
| Total assets | $1,231,700 |
| 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 | $2,147 |
| Total liabilities | $2,147 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Simsbury Free Library has recieved totaling $8,660.
| Awarding Organization | Amount |
|---|---|
The Henry E And Abigail Eno Ellsworth Fund Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $8,530 |
Grace Holcomb Humphrey Fund Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $130 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
John Fitzgerald Kennedy Library Foundation Incorporated Boston, MA | $64,242,661 | $9,493,249 |
Providence Community Library Providence, RI | $3,536,568 | $6,105,940 |
Emma S Clark Memorial Library Association Setauket, NY | $12,307,300 | $6,439,716 |
Proprietors Of The Social Law Library Boston, MA | $11,132,474 | $6,079,847 |
New City Library New City, NY | $17,574,056 | $6,151,626 |