Ridgefield Library Association Inc
- Assets
- $24.6m
- Revenue
- $3.5m
- Investments
- $2.0m
- Employees
- 52
- Location
- Ridgefield, CT
- Founding
- 09/1943
- Data as of
- 06/2021
- EIN
- 06-0692378
Organization Overview
Ridgefield Library Association Inc is located in Ridgefield, CT. The organization was established in 1943. As of 06/2021, Ridgefield Library Association Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgefield Library Association 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, Ridgefield Library Association Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.4m during the year ending 06/2021. While expenses have increased by 0.1% 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
RIDGEFIELD LIBRARY IS A PUBLIC LIBRARY, INCORPORATED IN 1901 AS A PRIVATE 501(C)3 NONPROFIT ORGANIZATION AND GOVERNED BY A SIXTEEN MEMBER BOARD OF DIRECTORS. THE LIBRARY SERVES AS A CULTURAL AND INTELLECTUAL CENTER AND A COMMUNITY GATHERING PLACE FOR EVERYONE IN THE COMMUNITY. WITH A COLLECTION OF 93,647 ITEMS IT PROVIDES FREE ACCESS TO INFORMATION AND TECHNOLOGY AS WELL AS PROGRAMMING FOR ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF FREE PUBLIC LIBRARY SERVING THE TOWN OF RIDGEFIELD WITH A POPULATION OF 25,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Greeley Chair | Officer | 5 | $0 |
Robert A Ellis Vice Chair | Officer | 5 | $0 |
Michele Booth Secretary | Officer | 5 | $0 |
Tizzie Mantione Treasurer | Officer | 5 | $0 |
Tom Gerhard Director | Trustee | 5 | $0 |
David B Smith Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,157,624 |
| All other contributions, gifts, grants, and similar amounts not included above | $910,995 |
| Noncash contributions included in lines 1a–1f | $21,749 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,068,619 |
| Total Program Service Revenue | $11,849 |
| Investment income | $147,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $232,240 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,459,736 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,581,734 |
| Pension plan accruals and contributions | $108,049 |
| Other employee benefits | $248,741 |
| Payroll taxes | $115,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $861 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,807 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $490,792 |
| Insurance | $36,684 |
| All other expenses | $274,209 |
| Total functional expenses | $3,413,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $763,503 |
| Savings and temporary cash investments | $78,840 |
| Pledges and grants receivable | $65,653 |
| 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 | $32,119 |
| Net Land, buildings, and equipment | $17,478,494 |
| Investments—publicly traded securities | $4,166,388 |
| Investments—other securities | $2,030,903 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,615,900 |
| Accounts payable and accrued expenses | $151,763 |
| 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 | $1,131,566 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $533,422 |
| Total liabilities | $1,816,751 |
| Net assets without donor restrictions | $20,514,313 |
| Net assets with donor restrictions | $2,284,836 |
| 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 | $24,615,900 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ridgefield Library Association Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Patrick Foundation Tr Wilmington, DE PURPOSE: CHARITABLE EVENT | $1,500 |
Patrick Foundation Tr Wilmington, DE PURPOSE: GUARDIAN SOCIETY FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $115,030 |
| Earnings | $16,755 |
| Ending Balance | $131,785 |
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 |