Richland Library Co
- Assets
- $2.8m
- Revenue
- $111.3k
- Investments
- $838.9k
- Employees
- 0
- Location
- Quakertown, PA
- Founding
- 01/1999
- Data as of
- 04/2022
- EIN
- 23-2263032
Organization Overview
Richland Library Co is located in Quakertown, PA. The organization was established in 1999. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richland Library Co 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 04/2022, Richland Library Co generated $111.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (35.7%) each year. All expenses for the organization totaled $93.9k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A PUBLIC LIBRARY OPEN TO THE PUBLIC FOR HISTORICAL RESEARCH AND PRESERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Koch President | 3 | $0 | |
Kathleen L Fedorocsko Secretary | 5 | $0 | |
Gail E Luma Director | 1 | $0 | |
Parri Mcguriman Assistant Tr | 2 | $0 | |
Janenne J Henry Director | 1.5 | $0 | |
Paul D Solliday Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,198 |
| Interest on Savings | $5,238 |
| Dividends & Interest | $14,749 |
| Net Rental Income | $6,002 |
| Net Gain on Sale of Assets | $73,783 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $1,304 |
| Other Income | $826 |
| Total Revenue | $111,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $48,137 |
| Occupancy | $7,776 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,988 |
| Total operating and administrative expenses | $93,901 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $93,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,767 |
| Savings and temporary cash investments | $40,697 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $179,265 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,724,272 |
| Other assets | $0 |
| Total assets | $2,787,890 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,255 |
| Total liabilities | $1,255 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Richland Library Co has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Penn Community Foundation Perkasie, PA PURPOSE: ANNUAL OPERATING FUNDS | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Bucks County Free Library Doylestown, PA | $22,091,549 | $9,285,989 |
Science History Institute Support Company Philadelphia, PA | $170,290,036 | $11,212,295 |
Ohionet Westerville, OH | $9,473,014 | $8,653,205 |
Dauphin County Library System Harrisburg, PA | $25,002,394 | $9,527,130 |
Washington County Free Library Hagerstown, MD | $16,301,833 | $8,756,633 |
Ohio Governors Imagination Library Beavercreek, OH | $8,059,955 | $11,938,530 |
York County Library System York, PA | $12,667,989 | $7,212,125 |
Westchester Library System Elmsford, NY | $6,787,041 | $7,508,558 |
Pennsylvania Academic Library Consortium Inc Drexel Hill, PA | $3,964,819 | $6,669,541 |
Emma S Clark Memorial Library Association Setauket, NY | $12,307,300 | $6,439,716 |
Washington Research Library Consortium Upper Marlboro, MD | $19,082,145 | $5,815,985 |