St Johnsbury Athenaeum Inc
- Assets
- $8.8m
- Revenue
- $370.7k
- Investments
- $0.0
- Employees
- 10
- Location
- St Johnsbury, VT
- Founding
- 03/1957
- Data as of
- 12/2022
- EIN
- 03-0183005
Organization Overview
St Johnsbury Athenaeum Inc is located in St Johnsbury, VT. The organization was established in 1957. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, St Johnsbury Athenaeum Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Johnsbury Athenaeum Inc 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 12/2022, St Johnsbury Athenaeum Inc generated $370.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $694.7k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CULTURAL & EDUCATIONAL SERVICES TO COMMUNITIES AS A LIBRARY AND ART GALLERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES FREE LIBRARY SERVICES AND PROGRAMS TO THE LOCAL COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wynne Brown Chair | Trustee | 2.5 | $0 |
James Kisch Trustee | Trustee | 2.5 | $0 |
Shannon Lenzini Trustee | OfficerTrustee | 2.5 | $0 |
Denise Scavitto Vice Chair | Trustee | 2.5 | $0 |
Mary Swainbank Trustee | OfficerTrustee | 2.5 | $0 |
Wesley Ward Trustee | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $119,023 |
| All other contributions, gifts, grants, and similar amounts not included above | $235,837 |
| Noncash contributions included in lines 1a–1f | $25,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,860 |
| Total Program Service Revenue | $21,833 |
| Investment income | $108,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$116,154 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,012 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,683 |
| 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. | $58,446 |
| Compensation of current officers, directors, key employees. | $29,223 |
| Compensation to disqualified persons | $237,531 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $10,135 |
| Other employee benefits | $31,730 |
| Payroll taxes | $23,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,819 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,201 |
| Office expenses | $12,912 |
| Information technology | $14,169 |
| Royalties | $0 |
| Occupancy | $98,150 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $759 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,438 |
| Insurance | $16,411 |
| All other expenses | $0 |
| Total functional expenses | $694,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,227 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,957 |
| Prepaid expenses and deferred charges | $8,061 |
| Net Land, buildings, and equipment | $1,753,097 |
| Investments—publicly traded securities | $6,938,701 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,768,243 |
| Accounts payable and accrued expenses | $25,917 |
| Grants payable | $0 |
| Deferred revenue | $57,500 |
| 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 | $83,417 |
| Net assets without donor restrictions | $6,196,512 |
| Net assets with donor restrictions | $2,488,314 |
| 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 | $8,768,243 |