Norman Williams Public Library
- Assets
- $6.8m
- Revenue
- $665.6k
- Investments
- $21.0k
- Employees
- 13
- Location
- Woodstock, VT
- Founding
- 03/1943
- Data as of
- 06/2023
- EIN
- 03-0179304
Organization Overview
Norman Williams Public Library is located in Woodstock, VT. The organization was established in 1943. As of 06/2023, Norman Williams Public Library employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norman Williams Public 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 06/2023, Norman Williams Public Library generated $665.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $755.0k during the year ending 06/2023. While expenses have increased by 3.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIBRARY SERVICES TO THE GREATER WOODSTOCK COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORMAN WILLIAMS PUBLIC LIBRARY SEEKS TO ENRICH THE INTELLECTUAL, CULTURAL, AND CIVIC LIFE OF GREATER WOODSTOCK BY PROMOTING A LOVE OF READING AND LIFELONG LEARNING; FOSTERING THE FREE EXCHANGE OF IDEAS; PROVIDING A WELCOMING SPACE FOR PEOPLE OF ALL AGES AND BACKGROUNDS; AND OFFERING RESOURCES FOR BUILDING A MORE JUST AND HUMANE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Boyd President | OfficerTrustee | 2 | $0 |
Rachael Ringenberg Vice President (from Oct 2022) | OfficerTrustee | 2 | $0 |
William Colson Vice President (to Sept 2022) | OfficerTrustee | 2 | $0 |
Dave Green Treasurer | OfficerTrustee | 2 | $0 |
Tom List Secretary (from June 2023) | OfficerTrustee | 2 | $0 |
Karen Copenhaver Secretary (to May 2023) | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $208,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $388,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $597,070 |
| Total Program Service Revenue | $56,988 |
| Investment income | $71,333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,000 |
| Net Gain/Loss on Asset Sales | -$70,782 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $665,609 |
| 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. | $76,627 |
| Compensation of current officers, directors, key employees. | $30,651 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,006 |
| Pension plan accruals and contributions | $21,051 |
| Other employee benefits | $0 |
| Payroll taxes | $26,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,163 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,382 |
| Information technology | $13,566 |
| Royalties | $0 |
| Occupancy | $67,461 |
| 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 | $143,366 |
| Insurance | $13,444 |
| All other expenses | $693 |
| Total functional expenses | $754,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,902 |
| Savings and temporary cash investments | $139,986 |
| Pledges and grants receivable | $2,950 |
| 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 | $3,160 |
| Net Land, buildings, and equipment | $3,256,973 |
| Investments—publicly traded securities | $3,239,914 |
| Investments—other securities | $21,018 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,837 |
| Total assets | $6,782,740 |
| Accounts payable and accrued expenses | $41,430 |
| 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 | $1,893 |
| Total liabilities | $43,323 |
| Net assets without donor restrictions | $6,597,152 |
| Net assets with donor restrictions | $142,265 |
| 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 | $6,782,740 |