Hotchkiss Library Of Sharon Inc
- Assets
- $2.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Sharon, CT
- Founding
- 02/1961
- Data as of
- 06/2021
- EIN
- 06-0655489
Organization Overview
Hotchkiss Library Of Sharon Inc is located in Sharon, CT. The organization was established in 1961. As of 06/2021, 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 06/2021, Hotchkiss Library Of Sharon Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $338.0k during the year ending 06/2021. While expenses have increased by 0.9% per year over the past 6 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
2021
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 | 40 | $26,292 |
Susan Hassler Vice President | OfficerTrustee | 2 | $0 |
Tom Trowbridge President | OfficerTrustee | 2 | $0 |
Brian Ross Treasurer | OfficerTrustee | 2 | $0 |
Arete Warren Secretary | OfficerTrustee | 2 | $0 |
Allen Young Astnt Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,357 |
| Related organizations | $0 |
| Government grants | $145,447 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,034,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,190,869 |
| Total Program Service Revenue | $1,378 |
| Investment income | $22,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $67,734 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,286,351 |
| 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. | $66,538 |
| Compensation of current officers, directors, key employees. | $13,307 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,244 |
| Payroll taxes | $10,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,546 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,654 |
| Fees for services: Other | $3,900 |
| Advertising and promotion | $0 |
| Office expenses | $2,537 |
| Information technology | $10,726 |
| Royalties | $0 |
| Occupancy | $27,515 |
| 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 | $15,558 |
| Insurance | $6,196 |
| All other expenses | $8,773 |
| Total functional expenses | $337,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $945,998 |
| Savings and temporary cash investments | $118,441 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $271,735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,584,036 |
| Total assets | $2,920,210 |
| Accounts payable and accrued expenses | $221 |
| 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 | $44,818 |
| Total liabilities | $45,039 |
| Net assets without donor restrictions | $1,916,709 |
| Net assets with donor restrictions | $958,462 |
| 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 | $2,920,210 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Hotchkiss Library Of Sharon Inc has recieved totaling $540,546.
| Awarding Organization | Amount |
|---|---|
Sidney J Weinberg Foundation Albany, NY PURPOSE: GENERAL PURPOSE | $250,000 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA PURPOSE: OPERATING PURPOSES AND CAPITAL CAMPAIGN | $110,676 |
Peggy N & Roger G Gerry Charitable Trust Pittsburgh, PA PURPOSE: GENERAL OPERATING | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $21,150 |
Rhoades-Robinson Fund New York, NY PURPOSE: OPERATIONS | $20,000 |
Northwest Connecticut Community Foundation Inc Torrington, CT PURPOSE: Programs & Fundraising Study | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hartford Public Library Hartford, CT | $35,044,167 | $19,581,056 |
Great Neck Library Great Neck, NY | $34,961,861 | $11,637,861 |
Westport Library Assoc Westport, CT | $27,522,269 | $7,094,016 |
Oceanside Library Oceanside, NY | $46,476,817 | $6,978,242 |
Darien Library Inc Darien, CT | $29,008,924 | $5,931,772 |
Connetquot Public Library Bohemia, NY | $10,940,573 | $6,656,257 |
Crandall Library Glens Falls, NY | $18,989,283 | $4,650,669 |
Bryant Library Roslyn, NY | $10,311,911 | $5,190,176 |
Port Jefferson Free Library Port Jefferson, NY | $14,577,531 | $4,685,963 |
Riverhead Free Library Riverhead, NY | $9,623,554 | $4,087,006 |
Wilton Library Association Incorporated Wilton, CT | $11,356,788 | $3,701,367 |
Wallingford Public Library Assoc Wallingford, CT | $3,324,792 | $3,497,111 |