Library Company Of Philadelphia
- Assets
- $40.0m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 34
- Location
- Philadelphia, PA
- Founding
- 11/1934
- Data as of
- 12/2021
- EIN
- 23-1370444
Organization Overview
Library Company Of Philadelphia is located in Philadelphia, PA. The organization was established in 1934. As of 12/2021, Library Company Of Philadelphia employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Library Company Of Philadelphia 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 12/2021, Library Company Of Philadelphia generated $12.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 4.9% 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
INDEPENDENT RESEARCH LIBRARY FOR THE STUDY OF AMERICAN HISTORY AND CULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A RARE BOOK REPOSITORY AND RESEARCH LIBRARY, PRESENTING EXHIBITS, PROGRAMS AND PUBLICATIONS FOR MEMBERS AND GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Barsanti Edwin Wolf 2nd Director | Officer | 35 | $151,039 |
Raechel Hammer Chief Development Officer | Officer | 35 | $139,097 |
Howell Rosenberg President | OfficerTrustee | 1 | $0 |
Edward Waddington Treasurer | OfficerTrustee | 1 | $0 |
Maria M Thompson Vice President | OfficerTrustee | 1 | $0 |
Daniel Richter Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Domus Inc Construction Contract | 12/30/14 | $273,800 |
Ugi Energy Services Llc Gas And Electric | 12/30/14 | $112,551 |
Limbach Company Llc Maintenance | 12/30/14 | $367,069 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $219,707 |
| Fundraising events | $79,191 |
| Related organizations | $0 |
| Government grants | $517,752 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,074,709 |
| Noncash contributions included in lines 1a–1f | $601,074 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,891,359 |
| Total Program Service Revenue | $206,840 |
| Investment income | $765,820 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,490 |
| Net Gain/Loss on Asset Sales | $9,167,823 |
| Net Income from Fundraising Events | -$28,886 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,014,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $246,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $324,912 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,427,946 |
| Pension plan accruals and contributions | $99,565 |
| Other employee benefits | $171,775 |
| Payroll taxes | $136,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,000 |
| Fees for services: Accounting | $138,524 |
| Fees for services: Lobbying | $52,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $178,967 |
| Fees for services: Other | $274,856 |
| Advertising and promotion | $0 |
| Office expenses | $152,294 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $308,505 |
| Travel | $11,862 |
| 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 | $391,364 |
| Insurance | $65,140 |
| All other expenses | $0 |
| Total functional expenses | $4,304,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $213,804 |
| Pledges and grants receivable | $309,880 |
| Accounts receivable, net | $18,000 |
| 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 | $22,954 |
| Net Land, buildings, and equipment | $5,810,305 |
| Investments—publicly traded securities | $33,636,360 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,011,303 |
| Accounts payable and accrued expenses | $271,224 |
| 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 | $271,224 |
| Net assets without donor restrictions | $8,482,048 |
| Net assets with donor restrictions | $31,258,031 |
| 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 | $40,011,303 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Library Company Of Philadelphia has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Stepanski Family Charitable Trust Palm Beach, FL PURPOSE: UNRESTRICTED | $2,000 |
Endowment Analysis
| Beg. Balance | $29,916,090 |
| Earnings | $4,112,576 |
| Net Contributions | $548,915 |
| Other Expense | $1,831,526 |
| Ending Balance | $32,746,055 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Library Company Of Philadelphia Philadelphia, PA | $40,011,303 | $12,014,446 |
Mercantile Library Association Of The City Of New York Brooklyn, NY | $3,218,511 | $3,202,622 |
American Philatelic Research Library Bellefonte, PA | $13,852,041 | $5,947,828 |
American Trust For The British Lbry New York, NY | $2,973,407 | $358,136 |
Collectors Club Inc New York, NY | $2,171,265 | $267,720 |
Lycoming County Library System Williamsport, PA | $336,685 | $144,300 |
International Friends Of London Library Inc New York, NY | $259,430 | $225,720 |
Princeton Library In New York New York, NY | $315,721 | $0 |
American Merchant Marine Library Association Jersey City, NJ | $3,256 | $0 |
American Watchmakers Institute Educational Library And Museum Cha Harrison, OH | $493,328 | $0 |