Hartford Public Library
- Assets
- $39.9m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 04/1935
- Data as of
- 06/2023
- EIN
- 06-6026029
Organization Overview
Hartford Public Library is located in Hartford, CT. The organization was established in 1935. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford Public 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 06/2023, Hartford Public Library generated $16.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $14.3m during the year ending 06/2023. While expenses have increased by 3.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND SUPPORT LITERACY AND LEARNING; TO PROVIDE FREE AND OPEN ACCESS TO INFORMATION AND IDEAS AND TO HELP PEOPLE PARTICIPATE IN OUR DEMOCRATIC SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridget E Quinn President And CEO | Officer | 40 | $0 |
Mary Tzambazakis Chief Administrative Offic | Officer | 40 | $0 |
Leticia Cotto Customer Experience Office | 40 | $0 | |
Brenda Miller Executive Director Culture | 40 | $0 | |
Homa Naficy Executive Director The Ame | 40 | $0 | |
David Barrett Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Downes Construction Company Llc Construction | 6/29/23 | $624,013 |
Sante Restorations Llc Water Remediation | 6/29/23 | $375,000 |
Red Thread Spaces Llc Ff&e | 6/29/23 | $281,235 |
Silverpetrucelli & Associates Design Services | 6/29/23 | $223,236 |
Amazon Llc Supplies | 6/29/23 | $214,386 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $91,414 |
| Related organizations | $0 |
| Government grants | $9,654,140 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,930,563 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,676,117 |
| Total Program Service Revenue | $69,269 |
| Investment income | $958,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $323,595 |
| Net Income from Fundraising Events | $74,036 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,930,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,178 |
| Fees for services: Accounting | $28,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,848 |
| Fees for services: Other | $1,347,912 |
| Advertising and promotion | $82,881 |
| Office expenses | $128,839 |
| Information technology | $240,264 |
| Royalties | $0 |
| Occupancy | $261,847 |
| Travel | $32,604 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,828 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,577,911 |
| Insurance | $1,720,822 |
| All other expenses | $139,955 |
| Total functional expenses | $14,329,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $885,890 |
| Savings and temporary cash investments | $0 |
| 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 | $7,308,962 |
| Investments—publicly traded securities | $31,715,636 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,910,488 |
| 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 | $34,180,251 |
| Net assets with donor restrictions | $5,730,237 |
| 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 | $39,910,488 |