Bennington Free Library
- Assets
- $1.1m
- Revenue
- $745.7k
- Investments
- $0.0
- Employees
- 25
- Location
- Bennington, VT
- Founding
- 02/1966
- Data as of
- 06/2023
- EIN
- 03-0181067
Organization Overview
Bennington Free Library is located in Bennington, VT. The organization was established in 1966. As of 06/2023, Bennington Free Library employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bennington 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 06/2023, Bennington Free Library generated $745.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $797.2k during the year ending 06/2023. While expenses have increased by 5.5% 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
THE BENNINGTON FREE LIBRARY PROVIDES MATERIALS AND SERVICES THAT WILL MEET THE EDUCATIONAL, INFORMATIONAL, CULTURAL AND RECREATIONAL NEEDS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PUBLIC LIBRARY SERVICES TO RESIDENTS OF ALL AGES IN BENNINGTON, SHAFTSBURY, WOODFORD, POWNAL, AND ARLINGTON, VERMONT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Fonteneau-Mccann Library Direct. | Officer | 40 | $74,254 |
Norma Mcshane Director | Trustee | 3 | $0 |
David Newell Trustee | Trustee | 3 | $0 |
Jon Goodrich Trustee | Trustee | 3 | $0 |
Patricia J Venti Trustee | Trustee | 3 | $0 |
Kelley Legacy Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $518,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,151 |
| Noncash contributions included in lines 1a–1f | $92,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $728,651 |
| Total Program Service Revenue | $1,210 |
| Investment income | $19,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,687 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $745,695 |
| 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. | $93,432 |
| Compensation of current officers, directors, key employees. | $93,432 |
| Compensation to disqualified persons | $301,047 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,599 |
| Payroll taxes | $29,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,467 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,713 |
| Office expenses | $0 |
| Information technology | $18,627 |
| Royalties | $0 |
| Occupancy | $235,226 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,203 |
| Interest | $42 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,621 |
| All other expenses | $6,354 |
| Total functional expenses | $797,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $321,045 |
| 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 | $14,871 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $647,012 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $153,033 |
| Total assets | $1,136,361 |
| Accounts payable and accrued expenses | $1,378 |
| 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 | $1,378 |
| Net assets without donor restrictions | $715,474 |
| Net assets with donor restrictions | $419,509 |
| 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 | $1,136,361 |