Bedford County Library Inc
- Assets
- $404.6k
- Revenue
- $314.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Bedford, PA
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-3019177
Organization Overview
Bedford County Library Inc is located in Bedford, PA. The organization was established in 2014. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2022, Bedford County Library Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bedford County 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 12/2022, Bedford County Library Inc generated $314.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $315.7k during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FREE PUBLIC LIBRARY TO THE GENERAL PUBLIC BY PROVIDING BOOKS,REFERENCE MATERIALS, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BEDFORD CO LIBRARY HELS RESIDENTS OF THE COUNTY MEET THEIR EDUCATIONAL INFORMATION, AND RECREATION NEEDS BY PROVIDING A VARIETY OF BOOKS, MAGAZINES, NEWSPAPERS, AUDIO-VISUAL MATERIALS AND SERVICES TO ALL AGES AND INTERESTS THROUGH ITS LOCATION IN BEDFORD BOROUGH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew G Godissart Director | Officer | 40 | $46,603 |
Gisele College President | OfficerTrustee | 1 | $0 |
Laura Garlock Vice President | OfficerTrustee | 1 | $0 |
Rick Smith Secretary | OfficerTrustee | 1 | $0 |
Barb Short Treasurer | OfficerTrustee | 1 | $0 |
Jessica Frye Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $220,928 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,897 |
| Total Program Service Revenue | $15,733 |
| Investment income | $6,481 |
| 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 | $314,111 |
| 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. | $46,603 |
| Compensation of current officers, directors, key employees. | $4,660 |
| Compensation to disqualified persons | $105,394 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,884 |
| Payroll taxes | $12,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,119 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $424 |
| Office expenses | $0 |
| Information technology | $1,370 |
| Royalties | $0 |
| Occupancy | $21,700 |
| Travel | $70 |
| 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 | $11,425 |
| Insurance | $3,891 |
| All other expenses | $57,862 |
| Total functional expenses | $315,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,802 |
| Savings and temporary cash investments | $14,734 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,758 |
| 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 | $4,465 |
| Net Land, buildings, and equipment | $64,625 |
| Investments—publicly traded securities | $167,635 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,625 |
| Total assets | $404,644 |
| Accounts payable and accrued expenses | $8,738 |
| 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 | $8,738 |
| Net assets without donor restrictions | $376,084 |
| Net assets with donor restrictions | $19,822 |
| 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 | $404,644 |