Woodstock Library Inc
- Assets
- $2.1m
- Revenue
- $72.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodstock, VA
- Founding
- 11/1958
- Data as of
- 11/2022
- EIN
- 54-6052967
Organization Overview
Woodstock Library Inc is located in Woodstock, VA. The organization was established in 1958. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodstock 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 11/2022, Woodstock Library Inc generated $72.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $68.4k during the year ending 11/2022. 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 PUBLIC LIBRARY TO THE LOCAL COMMUNITY OF WOODSTOCK AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A PUBLIC LIBRARY TO THE LOCAL COMMUNITY OF WOODSTOCK AND THE SURROUNDING AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Haley Treasurer | OfficerTrustee | 6 | $0 |
Estelle Sanders Secretary | OfficerTrustee | 8 | $0 |
Kim Bartol President | OfficerTrustee | 8 | $0 |
Lynn Tucker Vice President | OfficerTrustee | 10 | $0 |
Dianne Mastbrook Director | Trustee | 3 | $0 |
Judy Weatherholtz Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $849 |
| Total Program Service Revenue | $0 |
| Investment income | $78,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,025 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,661 |
| Fees for services: Other | $0 |
| Advertising and promotion | $164 |
| Office expenses | $959 |
| Information technology | $670 |
| Royalties | $0 |
| Occupancy | $25,023 |
| 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 | $5,451 |
| Insurance | $1,000 |
| All other expenses | $0 |
| Total functional expenses | $68,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,200 |
| Savings and temporary cash investments | $70,112 |
| 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 | $103,041 |
| Investments—publicly traded securities | $1,926,505 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,114,858 |
| 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 | $2,114,858 |
| Total liabilities and net assets/fund balances | $2,114,858 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Queen Annes County Free Library Centreville, MD | $3,534,978 | $5,055,509 |
Eastern Shore Regional Library Inc Salisbury, MD | $2,252,181 | $3,366,767 |
Northwestern Regional Library Elkin, NC | $2,333,593 | $2,751,748 |
Rockingham Library Association Harrisonburg, VA | $9,275,406 | $2,755,751 |
Johnson City Public Library Johnson City, TN | $2,269,696 | $2,425,366 |
Allegany County Library Cumberland, MD | $9,347,063 | $4,796,279 |
Danville Library Inc Danville, KY | $6,580,525 | $1,263,979 |
Talbot County Free Library Association Incorporated Easton, MD | $994,962 | $2,019,680 |
Public Library Of Johnston County And Smithfield Smithfield, NC | $1,928,759 | $1,465,964 |
Samuels Library Inc Front Royal, VA | $1,258,942 | $1,396,617 |
Smyth County Public Library Marion, VA | $606,051 | $1,163,430 |
Lexington Public Library Foundation Lexington, KY | $804,427 | $226,813 |