Hotchkiss Library Of Sharon Inc
- Assets
- $5.5m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Sharon, CT
- Founding
- 02/1961
- Data as of
- 06/2022
- EIN
- 06-0655489
Organization Overview
Hotchkiss Library Of Sharon Inc is located in Sharon, CT. The organization was established in 1961. As of 06/2022, Hotchkiss Library Of Sharon Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hotchkiss Library Of Sharon 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 06/2022, Hotchkiss Library Of Sharon Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $334.2k during the year ending 06/2022. While expenses have increased by 0.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A FREE LENDING LIBRARY OF CURRENT AND CLASSICAL LITERATURE, PERIODICALS, VIDEO AND AUDIO MATERIALS, AND ELECTRONIC RESOURCES; CHILDREN'S PROGRAMS INCLUDING PRESCHOOL AND SUMMER READING ACTIVITIES; ACCESS TO THE STATE WIDE INTERLIBRARY LENDING PROGRAM FOR MATERIALS NOT IN THE LIBRARY'S COLLECTION; LARGE-PRINT BOOKS AND AUDIO RECORDINGS FOR THE SIGHT IMPAIRED; BASIC REFERENCE MATERIALS AND A SIGNIFICANT COLLECTION OF LOCAL GENEALOGICAL AND HISTORICAL BOOKS AND DOCUMENTS; AN EXPANDING SERIES OF PROGRAMS FOR ADULTS INCLUDING LECTURES, THE ANNUAL BOOK SIGNING AND BOOK SALE AND SMALL GROUP SESSIONS INCLUDING EVENINGS WITH AUTHORS AND BOOK REVIEWS; COMPUTER ACCESS TO THE INTERNET FOR ITS PATRONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gretchen Hachmeister Executive Dir. | Officer | 35 | $25,323 |
Lorna Edmundson Director | Trustee | 1 | $0 |
Susan Hassler Vice President | OfficerTrustee | 2 | $0 |
Dennis Ross Asst. Treasurer | OfficerTrustee | 2 | $0 |
Tom Trowbridge President | OfficerTrustee | 2 | $0 |
Deborah Donovan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,327 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,763,104 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,805,431 |
| Total Program Service Revenue | $324 |
| Investment income | $23,825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,244 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,886,571 |
| 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. | $69,769 |
| Compensation of current officers, directors, key employees. | $13,954 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,246 |
| Fees for services: Other | $3,269 |
| Advertising and promotion | $129 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,796 |
| 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 | $17,113 |
| Insurance | $0 |
| All other expenses | $13,718 |
| Total functional expenses | $334,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $2,590,536 |
| Pledges and grants receivable | $490,125 |
| Accounts receivable, net | $255,500 |
| 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 | $626,388 |
| Investments—publicly traded securities | $106,423 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,387,953 |
| Total assets | $5,457,425 |
| Accounts payable and accrued expenses | $86,234 |
| 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 | $2,686 |
| Total liabilities | $88,920 |
| Net assets without donor restrictions | $2,385,296 |
| Net assets with donor restrictions | $2,983,209 |
| 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 | $5,457,425 |