Westport Library Assoc
- Assets
- $27.5m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 118
- Location
- Westport, CT
- Founding
- 01/1970
- Data as of
- 06/2021
- EIN
- 06-0672798
Organization Overview
Westport Library Assoc, operating under the name Westport Library, is located in Westport, CT. The organization was established in 1970. As of 06/2022, Westport Library employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westport 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 06/2021, Westport Library generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $6.9m during the year ending 06/2021. While expenses have increased by 2.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WESTPORT LIBRARY WAS ESTABLISHED FOR THE PURPOSE OF MAINTAINING A PUBLIC LIBRARY IN THE TOWN OF WESTPORT, CONNECTICUT. THE LIBRARY IS COMMITTED TO EMPOWERING THE INDIVIDUAL AND STRENGTHENING THE COMMUNITY THROUGH DYNAMIC INTERACTION AND THE LIVELY EXCHANGE OF IDEAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WESTPORT LIBRARY WAS ESTABLISHED FOR THE PURPOSE OF MAINTAINING A PUBLIC LIBRARY IN THE TOWN OF WESTPORT, CONNECTICUT. THE LIBRARY IS COMMITTED TO EMPOWERING THE INDIVIDUAL AND STRENGTHENING THE COMMUNITY THROUGH DYNAMIC INTERACTION AND LIVELY EXCHANGE OF IDEAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Harmer Executive Director | Officer | 35 | $210,384 |
Nancy Klein Chief Development & Marketing Communications Offic | 35 | $136,077 | |
Melanie Myers Chief Of Staff | 35 | $135,568 | |
Natasha Smith Former Director, Finance & Business Development | Officer | 35 | $126,700 |
David Bibbey Video Producer | 35 | $104,889 | |
Alex Gianni Associate Director, Program And Events | 35 | $103,774 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Red Thread Furniture And Equipment | 6/29/20 | $100,920 |
Ap Construction Construction Costs | 6/29/20 | $473,372 |
Baker & Taylor Books | 6/29/20 | $113,559 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,634,459 |
| Investment income | $71,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $238,626 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,094,016 |
| Statement of Expenses | |
|---|---|
| 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. | $363,242 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,942,026 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $439,306 |
| Payroll taxes | $236,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $144,836 |
| Advertising and promotion | $0 |
| Office expenses | $63,750 |
| Information technology | $203,769 |
| Royalties | $0 |
| Occupancy | $381,700 |
| Travel | $9,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,236 |
| Interest | $20,487 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $923,197 |
| Insurance | $122,751 |
| All other expenses | $0 |
| Total functional expenses | $6,870,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,037,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $153,433 |
| 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 |
| Investments—publicly traded securities | $5,043,623 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,685 |
| Total assets | $27,522,269 |
| Accounts payable and accrued expenses | $1,287,430 |
| 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 | $76,601 |
| Other liabilities | $0 |
| Total liabilities | $1,364,031 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $26,158,238 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Westport Library Assoc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Andrew And Barbara Bangser Charitable Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
Endowment Analysis
| Beg. Balance | $5,043,624 |
| Earnings | -$742,486 |
| Net Contributions | $2,000,311 |
| Other Expense | $899,764 |
| Ending Balance | $5,401,685 |
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 |