Open Library Of Richmond Inc
- Assets
- $24.4m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Biddeford, ME
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 94-3400461
Organization Overview
Open Library Of Richmond Inc is located in Biddeford, ME. The organization was established in 2002. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Open Library Of Richmond 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 12/2023, Open Library Of Richmond Inc generated $10.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $26.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Open Library Of Richmond Inc has awarded 11 individual grants totaling $31,351,421. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TOOLS AND SERVICES TO FACILITATE UNIVERSAL ACCESS TO ALL KNOWLEDGE TO RESEARCHERS, HISTORIANS, SCHOLARS AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING FACILITIES AND SERVICES WITH THE GOAL OF THE PRESERVATION AND ACCESSING BOOKS AND OTHER CULTURAL WORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Modell Chairman | OfficerTrustee | 5 | $0 |
Zara Haushmond Director | Trustee | 5 | $0 |
Lew Tucker CFO | OfficerTrustee | 5 | $0 |
Brewster Kahle Treasurer | Officer | 5 | $0 |
Meikle Hall Secretary | Officer | 5 | $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 | $10,550,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,550,000 |
| Total Program Service Revenue | $0 |
| Investment income | $273,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$399,442 |
| Net Gain/Loss on Asset Sales | -$437,492 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,064,206 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,105,421 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,124,000 |
| 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 | $19,959 |
| Fees for services: Accounting | $107,207 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,338 |
| Advertising and promotion | $3,139 |
| Office expenses | $24,972 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $391,266 |
| Travel | $76,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $15,149 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $389,892 |
| Insurance | $26,429 |
| All other expenses | $41,538 |
| Total functional expenses | $26,157,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $888,088 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,836 |
| 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 | $32,810 |
| Net Land, buildings, and equipment | $16,147,204 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,312,338 |
| Intangible assets | $0 |
| Other assets | $1,982,314 |
| Total assets | $24,381,590 |
| Accounts payable and accrued expenses | $413,600 |
| 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 | $47,702 |
| Total liabilities | $461,302 |
| Net assets without donor restrictions | $23,920,288 |
| 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 | $24,381,590 |
Grants Awarded
Over the last fiscal year, Open Library Of Richmond Inc has awarded $21,105,421 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHIVE SUSTAINING FOUNDATION PURPOSE: General Support | $1,000,000 |
BETTER WORLD LIBRARIES PURPOSE: General Support | $17,105,421 |
INTERNET ARCHIVE PURPOSE: General Support | $3,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Measured Progress Inc Dover, NH | $0 | $29,790,166 |
Open Library Of Richmond Inc Biddeford, ME | $24,381,590 | $10,064,206 |
New Hampshire Learning Initiative Inc Hampton, NH | $2,056,368 | $1,641,166 |
Educate Maine Portland, ME | $1,053,605 | $1,542,987 |
The Maine Heritage Policy Center Portland, ME | $363,655 | $1,063,765 |
Mdm Observatory Consortium Inc Hanover, NH | $1,458,953 | $607,336 |
Tidemark Institute Inc Damariscotta, ME | $201,124 | $246,268 |
Education Action Forum Of Maine Rockland, ME | $0 | $0 |
Save Our Libraries Institute Biddeford, ME | $5,730 | $1,742 |
Independent School Gender Project North Conway, NH | $100,546 | $0 |