Mercer Area Library Inc
- Assets
- $1.3m
- Revenue
- $144.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Mercer, PA
- Founding
- 09/1986
- Data as of
- 12/2021
- EIN
- 25-1028117
Organization Overview
Mercer Area Library Inc is located in Mercer, PA. The organization was established in 1986. 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, Mercer Area Library Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercer Area Library Inc 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, Mercer Area Library Inc generated $144.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $143.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. 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
THE LIBRARY STRIVES TO BE AN EDUCATIONAL SUPPORT CENTER FOR STUDENTS OF ALL AGES, PROVIDING BOTH REFERENCE AND RECREATION MATERIALS AS WELL AS COMPUTER SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY PROVIDES EDUCATIONAL, INFORMATIONAL AND RECREATIONAL MATERIALS AND PROGRAMS, AND SERVICES TO THE RESIDENTS OF THE FIVE MUNICIPALITIES THAT COMPRISE THE MERCER AREA SCHOOL DISTRICT AND RESIDENTS OF THE SURROUNDING AREAS. LIBRARY CARDS ARE FREE TO ANY RESIDENT OF THE FIVE MUNICIPALITIES. NON-RESIDENTS OF THESE MUNICIPALITIES ARE CHARGED A $20 FEE PER YEAR PER FAMILY. THE LIBRARY PROVIDES A VARIETY OF SERVICES AS A COMMUNITY LIBRARY, SUCH AS CHILDREN'S AND YOUTH PROGRAMS, ADULT PROGRAMS, AND USED BOOK SALES. THESE SERVICES ARE IN ADDITION TO THE BASIC LIBRARY SERVICES OF PROVIDING ITS COLLECTION OF BOOKS, PERIODICALS AND INTERNET SERVICES TO THE LIBRARY'S PATRONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Goldyn Library Director | OfficerTrustee | 35 | $35,071 |
Donna Young Treasurer | OfficerTrustee | 0.5 | $0 |
Linda Smith President | OfficerTrustee | 0.5 | $0 |
Debbie Thompson Board Member | Trustee | 0.5 | $0 |
Susan Friedman Board Member | Trustee | 0.5 | $0 |
Dale Reimold Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,652 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $500 |
| Government grants | $34,787 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,902 |
| Total Program Service Revenue | $9,295 |
| Investment income | $35,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,417 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,394 |
| 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. | $35,071 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,653 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,234 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,745 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,552 |
| Information technology | $1,090 |
| Royalties | $0 |
| Occupancy | $13,430 |
| Travel | $0 |
| 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 | $3,439 |
| All other expenses | $0 |
| Total functional expenses | $143,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,877 |
| 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 | $0 |
| Investments—publicly traded securities | $1,248,697 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,297,574 |
| Accounts payable and accrued expenses | $94 |
| 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 | $94 |
| Net assets without donor restrictions | $1,297,480 |
| Net assets with donor restrictions | $0 |
| 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 | $1,297,574 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mercer Area Library Inc has recieved totaling $25,058.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA PURPOSE: PROGRAM SUPPORT | $24,000 |
Shelburne Charitable Foundation 12222003 Pittsburgh, PA PURPOSE: GENERAL PURPOSES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $58 |
Endowment Analysis
| Beg. Balance | $220,595 |
| Earnings | $41,732 |
| Other Expense | $2,106 |
| Ending Balance | $260,221 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prince Georges County Memorial Library System Largo, MD | $19,703,287 | $35,335,320 |
Carnegie Library Of Pittsburgh Pittsburgh, PA | $129,763,715 | $43,541,952 |
Public Library Association Of Annapolis And A A Co Inc Annapolis, MD | $38,305,116 | $29,732,836 |
Pierpont Morgan Library New York, NY | $416,332,166 | $59,153,120 |
Rochester Public Library Rochester, NY | $13,709,813 | $21,920,405 |
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Reuben Mcmillan Free Library Association Youngstown, OH | $89,698,038 | $21,065,303 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Allegheny County Library Assoc Pittsburgh, PA | $1,615,297 | $12,970,956 |
Greene County Public Library Xenia, OH | $9,776,484 | $13,108,130 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
The Free Library Of Philadelphia Philadelphia, PA | $55,485,474 | $14,690,366 |