Perrot Memorial Library Association Of Old Greenwich Incorporated
- Assets
- $7.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Old Greenwich, CT
- Founding
- 07/1950
- Data as of
- 06/2022
- EIN
- 06-1012967
Organization Overview
Perrot Memorial Library Association Of Old Greenwich Incorporated is located in Old Greenwich, CT. The organization was established in 1950. As of 06/2022, Perrot Memorial Library Association Of Old Greenwich Incorporated employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perrot Memorial Library Association Of Old Greenwich Incorporated 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, Perrot Memorial Library Association Of Old Greenwich Incorporated generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 1.5% 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
PERROT MEMORIAL LIABRARY IS COMMITTED TO PROVIDING THE COMMUNITY WITH ACCESS TO INFORMATION AND MATERIALS IN ALL FORMATS SUPPORTED BY FRIENDLY AND PROFESSIONAL SERVICE. THE LIBRARY SHALL ENCOURAGE AND SATISFY THE COMMUNITIES QUEST FOR INFORMATION AND LIFE LONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PROGRAM SERVICE IS THAT OF A FREE LIBRARY. ALL LIBRARY EXPENDITURES ARE FOR OPERATING THE LIBRARY FOR THE PUBLIC'S BENEFIT. READING AND AUDIO VISUAL MATERIALS, ONLINE SERVICES, PRESENTATIONS OF FILMS, SPEAKERS, ACTORS, INSTRUMENTALISTS AND STORYTELLERS, DURING THE YEAR WE ANSWERED INQUIRIES RELATED TO JOB SEARCHING UTILIZING OUR PRINT AND ELECTRONIC RESOURCES AND DIRECTLY ASSISTING PATRONS WITH APPLYING ONLINE FOR A VARIETY OF JOBS. FOR THE YEAR ENDED JUNE 30, 2022 THE LIBRARY HAD 85,587 ENTRANTS, A COMBINED CIRCULATION OF 211,219, PATRONS REFERENCE QUESTIONS OF 39,155. PUBLIC INTERNET USE OF 22,359 AND PROGRAM ATTENDANCE OF 5,501.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Finn Vice Preside | OfficerTrustee | 0.5 | $0 |
Ashish Kishore Treasurer | OfficerTrustee | 0.5 | $0 |
Kathy Mccormack President | OfficerTrustee | 0.5 | $0 |
Michelle Shih Secretary | OfficerTrustee | 0.5 | $0 |
John Dlobrano Director | Trustee | 0.5 | $0 |
Louisa Greene Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,744,755 |
| All other contributions, gifts, grants, and similar amounts not included above | $160,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,905,265 |
| Total Program Service Revenue | $0 |
| Investment income | $43,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,949,573 |
| 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 | $1,231,496 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,938 |
| Advertising and promotion | $8,316 |
| Office expenses | $72,633 |
| Information technology | $35,701 |
| Royalties | $0 |
| Occupancy | $155,748 |
| Travel | $840 |
| 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 | $0 |
| Insurance | $28,491 |
| All other expenses | $21,344 |
| Total functional expenses | $1,805,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,445 |
| Savings and temporary cash investments | $1,196,971 |
| 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 | $5,041,264 |
| Investments—publicly traded securities | $1,160,578 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,567,258 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $162,505 |
| Paid-in or capital surplus, or land, building, or equipment fund | $4,811,555 |
| Retained earnings, endowment, accumulated income, or other funds | $2,593,198 |
| Total liabilities and net assets/fund balances | $7,567,258 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Perrot Memorial Library Association Of Old Greenwich Incorporated has recieved totaling $505.
| Awarding Organization | Amount |
|---|---|
A C Israel Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $1,474,857 |
| Earnings | $41,599 |
| Ending Balance | $1,516,456 |
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 |