Gordon-Nash Library
- Assets
- $1.3m
- Revenue
- $180.1k
- Investments
- $0.0
- Employees
- 11
- Location
- New Hampton, NH
- Founding
- 01/1951
- Data as of
- 12/2019
- EIN
- 02-0222137
Organization Overview
Gordon-Nash Library is located in New Hampton, NH. The organization was established in 1951. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2019, Gordon-Nash Library employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gordon-Nash 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 12/2019, Gordon-Nash Library generated $180.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $201.4k during the year ending 12/2019. While expenses have increased by 3.5% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE NON-PROFIT LIBRARY SERVING THE PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE OF BOOKS, ETC AND OPERATION OF A PUBLIC LIBRARY
OPERATE A LIBRARY MADE AVAILABLE TO THE PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Vincevic Librarian | OfficerTrustee | 35 | $54,445 |
Jean Lawrie Treasurer | Officer | 5 | $3,000 |
Mark Denoncour Exec Com | OfficerTrustee | 1 | $0 |
Robert Hammond Pres, Exec Com | OfficerTrustee | 1 | $0 |
Michael Dowal Secretary, Exec Com | OfficerTrustee | 1 | $0 |
Paul Gatehouse Exec Com | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,918 |
| Total Program Service Revenue | $3,125 |
| Investment income | $159,034 |
| 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 | $180,077 |
| 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. | $54,445 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,073 |
| Pension plan accruals and contributions | $1,678 |
| Other employee benefits | $0 |
| Payroll taxes | $8,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,274 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,932 |
| Information technology | $1,690 |
| Royalties | $0 |
| Occupancy | $19,541 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,598 |
| Insurance | $10,113 |
| All other expenses | $0 |
| Total functional expenses | $201,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $937 |
| Savings and temporary cash investments | $7,598 |
| 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 | $93,014 |
| Investments—publicly traded securities | $1,235,221 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,336,770 |
| Accounts payable and accrued expenses | $6,337 |
| 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 | $6,337 |
| Net assets without donor restrictions | $1,268,392 |
| Net assets with donor restrictions | $62,041 |
| 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 | $1,336,770 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gordon-Nash Library has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Charlotte Palmer Phillips Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $500 |
Endowment Analysis
| Beg. Balance | $1,219,964 |
| Earnings | $159,031 |
| Admin Expense | $14,274 |
| Other Expense | $129,500 |
| Ending Balance | $1,235,221 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |
Springfield Museums Corporation Springfield, MA | $83,263,430 | $9,886,411 |
American Antiquarian Society Worcester, MA | $122,268,688 | $9,559,298 |
John Fitzgerald Kennedy Library Foundation Incorporated Boston, MA | $64,242,661 | $9,493,249 |
Proprietors Of The Social Law Library Boston, MA | $11,132,474 | $6,079,847 |
Minuteman Library Network Inc Natick, MA | $1,897,747 | $3,558,708 |
Boston Public Library Fund Inc Boston, MA | $5,785,151 | $3,398,649 |
Bangor Public Library Trustees Bangor, ME | $25,795,919 | $2,775,295 |
Nantucket Atheneum Nantucket, MA | $30,435,086 | $3,253,368 |
Jones Library Inc Amherst, MA | $13,562,457 | $2,991,104 |