Kellogg Hubbard Library
- Assets
- $7.7m
- Revenue
- $923.2k
- Investments
- $0.0
- Employees
- 32
- Location
- Montpelier, VT
- Founding
- 04/1979
- Data as of
- 06/2023
- EIN
- 03-0181056
Organization Overview
Kellogg Hubbard Library is located in Montpelier, VT. The organization was established in 1979. As of 06/2023, Kellogg Hubbard Library employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kellogg Hubbard 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, Kellogg Hubbard Library generated $923.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 1.4% 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
OUR MISSION IS TO EMPOWER COMMUNITY MEMBERS TO BECOME LIFELONG LEARNERS BY PROVIDING EASY ACCESS TO MATERIALS, ONLINE RESOURCES, PROGRAMS AND A WELCOMING PLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KELLOGG-HUBBARD LIBRARY PROVIDES FREE LIBRARY SERVICE FOR RESIDENTS OF SIX COMMUNITIES IN WASHINGTON COUNTY, VERMONT AND MAINTENANCE OF FULL SERVICES, INCLUDING BUILDINGS AND GROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessie Lynn Co-Director | Officer | 40 | $64,163 |
Carolyn Brennan Co-Director | Officer | 40 | $66,862 |
Bridget Asay President | OfficerTrustee | 2 | $0 |
Daniel Groberg Executive Di | OfficerTrustee | 2 | $0 |
Judy Walke Vice Preside | OfficerTrustee | 2 | $0 |
Timothy Donovan Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $555,920 |
| All other contributions, gifts, grants, and similar amounts not included above | $144,818 |
| Noncash contributions included in lines 1a–1f | $5,749 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700,738 |
| Total Program Service Revenue | $40,225 |
| Investment income | $128,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $923,233 |
| 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. | $134,235 |
| Compensation of current officers, directors, key employees. | $50,009 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $424,878 |
| Pension plan accruals and contributions | $22,632 |
| Other employee benefits | $64,045 |
| Payroll taxes | $42,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $468 |
| Fees for services: Accounting | $2,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,914 |
| Fees for services: Other | $9,334 |
| Advertising and promotion | $0 |
| Office expenses | $11,351 |
| Information technology | $24,620 |
| Royalties | $0 |
| Occupancy | $157,877 |
| Travel | $7,443 |
| 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 | $104,428 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,088,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,619 |
| Savings and temporary cash investments | $272,241 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500 |
| 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 | $194 |
| Net Land, buildings, and equipment | $1,614,700 |
| Investments—publicly traded securities | $5,560,091 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,735,345 |
| Accounts payable and accrued expenses | $47,819 |
| Grants payable | $0 |
| Deferred revenue | $443 |
| 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 | $48,262 |
| Net assets without donor restrictions | $6,959,076 |
| Net assets with donor restrictions | $728,007 |
| 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 | $7,735,345 |