Rutland Free Library Association Inc T-A Rutland Free Library
- Assets
- $7.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 20
- Location
- Rutland, VT
- Founding
- 10/1963
- Data as of
- 06/2021
- EIN
- 03-0181060
Organization Overview
Rutland Free Library Association Inc T-A Rutland Free Library, operating under the name Rutland Free Library, is located in Rutland, VT. The organization was established in 1963. As of 06/2021, Rutland Free Library employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rutland Free 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 06/2021, Rutland Free Library generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES PUBLIC LIBRARY SERVICES IN RUTLAND, VT. ITS MISSION IS "TO BRING PEOPLE, INFORMATION, AND IDEAS TOGETHER TO ENRICH LIVES AND TO BUILD A VIBRANT, STRONG COMMUNITY."
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PUBLIC LIBRARY SERVICES TO PATRONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Courcelle President | OfficerTrustee | 2 | $0 |
Ed Ogorzalek Vice President | OfficerTrustee | 2 | $0 |
Barry Cohen Treasurer | OfficerTrustee | 2 | $0 |
Clare Coppock Secretary | OfficerTrustee | 2 | $0 |
Chris Booth Trustee | Trustee | 1 | $0 |
Catherine Picon Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $937,790 |
| Investment income | $1,164,524 |
| 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 | $2,118,619 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $617,361 |
| Pension plan accruals and contributions | $38,840 |
| Other employee benefits | $133,631 |
| Payroll taxes | $43,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,593 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,104,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,313 |
| Savings and temporary cash investments | $56,109 |
| 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 | $26,013 |
| Investments—publicly traded securities | $1,480,572 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,519,862 |
| Total assets | $7,302,869 |
| Accounts payable and accrued expenses | $95,043 |
| 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 | $95,043 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $7,207,826 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rutland Free Library Association Inc T-A Rutland Free Library has recieved totaling $105.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $105 |
Endowment Analysis
| Beg. Balance | $4,419,998 |
| Earnings | $991,447 |
| Other Expense | $196,679 |
| Ending Balance | $5,214,766 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Great Neck Library Great Neck, NY | $34,961,861 | $11,637,861 |
Oceanside Library Oceanside, NY | $46,476,817 | $6,978,242 |
Connetquot Public Library Bohemia, NY | $10,940,573 | $6,656,257 |
Crandall Library Glens Falls, NY | $18,989,283 | $4,650,669 |
Bryant Library Roslyn, NY | $10,311,911 | $5,190,176 |
Port Jefferson Free Library Port Jefferson, NY | $14,577,531 | $4,685,963 |
Riverhead Free Library Riverhead, NY | $9,623,554 | $4,087,006 |
South Country Library Bellport, NY | $8,624,076 | $4,821,217 |
Nyack Library Nyack, NY | $12,067,573 | $3,118,005 |
Southern Tier Library System Painted Post, NY | $3,072,601 | $2,939,739 |
Cold Spring Harbor Library Cold Spring Harbor, NY | $10,366,192 | $3,012,849 |
Trustees Of The Forbes Library Northampton, MA | $10,232,224 | $2,847,127 |