Lake County Public Library
- Assets
- $39.9m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 184
- Location
- Merrillville, IN
- Founding
- 10/1971
- Data as of
- 12/2021
- EIN
- 35-6006653
Organization Overview
Lake County Public Library is located in Merrillville, IN. The organization was established in 1971. 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, Lake County Public Library employed 184 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake County 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 12/2021, Lake County Public Library generated $12.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $12.1m during the year ending 12/2021. 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
TO PROVIDE THE HIGHEST QUALITY INFORMATIONAL, EDUCATIONAL, CULTURAL AND RECREATIONAL RESOURCES AND SERVICES TO RESIDENTS OF ALL AGES IN THE LAKE COUNTY PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LIBRARY SERVICES TO LAKE COUNTY INDIAN RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ingrid Norris Director | Officer | 40 | $123,245 |
Charman Shields-Willamson Trustee | Trustee | 10 | $0 |
Michael Mcintyre Trustee | Trustee | 10 | $0 |
Alice Hunt Lounges Trustee | Trustee | 10 | $0 |
Lawerence A Acheff VP | Trustee | 10 | $0 |
Marti Ross President | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gluth Brothers Roofing Co Inc Roofing | 12/30/21 | $130,800 |
Air Temp Mechanical Heating And Air | 12/30/21 | $260,139 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,279 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,932 |
| Total Program Service Revenue | $119,791 |
| Investment income | $69,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,781,082 |
| 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. | $123,245 |
| Compensation of current officers, directors, key employees. | $123,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,535,182 |
| Pension plan accruals and contributions | $509,918 |
| Other employee benefits | $0 |
| Payroll taxes | $1,115,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,153 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,431 |
| Office expenses | $160,103 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,366,287 |
| Travel | $975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,816 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,271,015 |
| Insurance | $138,896 |
| All other expenses | $95,104 |
| Total functional expenses | $12,081,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,605,528 |
| 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 | $23,328,380 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,933,908 |
| 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 | $0 |
| 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 | $39,933,908 |
| Total liabilities and net assets/fund balances | $39,933,908 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake County Public Library has recieved totaling $73.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $73 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tenant Resource Center Inc Madison, WI | $4,020,377 | $17,889,286 |
Newberry Library Chicago, IL | $102,026,436 | $14,465,930 |
Lake County Public Library Merrillville, IN | $39,933,908 | $12,781,082 |
Mobius Columbia, MO | $4,062,831 | $7,262,645 |
Community Resource Center Inc Centralia, IL | $6,773,469 | $4,197,743 |
Society Of Ameican Archivists Chicago, IL | $2,453,867 | $2,207,330 |
Building And Construction Resource Center Inc Portage, IN | $5,030,482 | $2,435,257 |
Private Academic Library Network Of Indiana Inc Indianapolis, IN | $7,049,589 | $1,821,764 |
Louisville Free Public Library Foundation Inc Louisville, KY | $20,601,784 | $2,234,605 |
Hopkinsville Christian County Public Library Hopkinsville, KY | $2,002,090 | $1,316,676 |
Simpson County Library District Franklin, KY | $8,465,490 | $1,064,264 |
Masonic Temple Education Center Ballwin, MO | $310,997 | $1,687 |