Kennett Library

Organization Overview

Kennett Library is located in Kennett Square, PA. The organization was established in 1958. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Kennett Library employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennett 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 12/2021, Kennett Library generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 1.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE KENNETT LIBRARY IS TO PROVIDE LIBRARY SERVICES TO ITS ESTABLISHED SERVICE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE KENNETT LIBRARY SERVES RESIDENTS IN EIGHT MUNICIPALITIES (EAST MARLBOROUGH, KENNETT SQUARE, KENNETT TOWNSHIP, NEW GARDEN, NEWLIN, PENNSBURY, POCOPSON, WEST MARLBOROUGH) IN SOUTHERN CHESTER COUNTY.


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Board, Officers & Key Employees

Name (title)Compensation
Jeff Yetter
President
$0
Bradley Peiper
Vice Preside
$0
Victoria Gilrane
Treasurer
$0
William Majarian
Secretary
$0
Barbara Bolton
Trustee
$0
Todd Bruce
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$35,340
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,077,348
All other contributions, gifts, grants, and similar amounts not included above$3,462,886
Noncash contributions included in lines 1a–1f $402,530
Total Revenue from Contributions, Gifts, Grants & Similar$4,575,574
Total Program Service Revenue$22,585
Investment income $60,159
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$200,950
Net Income from Fundraising Events $21,802
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,479,180

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Kennett Library has recieved totaling $250,000.

Awarding OrganizationAmount
Cabot-Kjellerup Foundation

West Grove, PA

PURPOSE: FOR GENERAL SUPPORT OF CHARITABLE ACTIVITIES

$250,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$339,291
Earnings$49,057
Admin Expense$1,074
Ending Balance$387,274

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