New Ipswich Library
- Assets
- $824.1k
- Revenue
- $44.5k
- Investments
- $808.3k
- Employees
- 0
- Location
- New Ipswich, NH
- Founding
- 11/1991
- Data as of
- 07/2022
- EIN
- 02-0262059
Organization Overview
New Ipswich Library is located in New Ipswich, NH. The organization was established in 1991. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. New Ipswich 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 07/2022, New Ipswich Library generated $44.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $80.6k during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEW IPSWICH LIBRARY IS OPERATED FOR THE PURPOSE OF PROMOTING THE PUBLICS INTEREST IN READING BOOKS AND RELATED MATERIALS IN ORDER TO STIMULATE KNOWLEDGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Somero Trustee | 1 | $0 | |
Meghan Savage Trustee | 1 | $0 | |
Matthew Boles Trustee | 1 | $0 | |
Brenda Pellerito President | 2 | $0 | |
Joel Peltokangas Treasurer | 2 | $0 | |
Audrey Griffis Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,552 |
| Total Revenue | $44,452 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $44,283 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,604 |
| Depreciation | $747 |
| Occupancy | $18,793 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,146 |
| Total operating and administrative expenses | $80,561 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $80,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,549 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $52,036 |
| Net Land, buildings, and equipment | $4,267 |
| Other assets | $0 |
| Total assets | $824,069 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Digital Public Library Of America Boston, MA | $1,290,276 | $1,126,857 |