Goodrich Memorial Library Inc
- Assets
- $2.2m
- Revenue
- $218.3k
- Investments
- $0.0
- Employees
- 15
- Location
- Newport, VT
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 03-0184028
Organization Overview
Goodrich Memorial Library Inc is located in Newport, VT. The organization was established in 2002. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Goodrich Memorial Library Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodrich Memorial Library 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, Goodrich Memorial Library Inc generated $218.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $221.4k during the year ending 12/2022. While expenses have increased by 0.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PUBLIC LIBRARY TO PROVIDE COMMUNITY ACCESS TO BOOKS, MAGAZINES, PERIODICALS, AND TO PROVIDE A PUBLIC FORUM FOR HISTORICAL AND CULTURAL ACTIVITIES AND CREATING A COMMUNITY FUELED BY IMAGINATION, INFORMATION AND CONNECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS OF A PUBLIC LIBRARY, PROVIDING PUBLIC ACCESS TO BOOKS AND PERIODICALS, RESEARCH AND CURRENT EVENT INFORMATION. A PUBLIC GATHERING LOCATION FOR HISTORICAL, CULTURAL EVENTS AND ARCHIVES. THE LIBRARY ALSO PROVIDES CHILDRENS RESOURCES, STORY TIME AND OTHER ACTIVITIES.
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 |
|---|---|---|---|
Joanne Pariseau Head Librarian | OfficerTrustee | 0 | $33,780 |
Paul Monette Director | Trustee | 0 | $0 |
Melissa Petterson Director | Trustee | 0 | $0 |
Keith Richards Director | Trustee | 0 | $0 |
Denise Daigle Director | Trustee | 0 | $0 |
Steve Mason Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,798 |
| Related organizations | $0 |
| Government grants | $138,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,563 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,861 |
| Total Program Service Revenue | $1,443 |
| Investment income | $33,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $218,267 |
| 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. | $33,780 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,002 |
| Pension plan accruals and contributions | $1,705 |
| Other employee benefits | $0 |
| Payroll taxes | $10,243 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,051 |
| Fees for services: Other | $0 |
| Advertising and promotion | $259 |
| Office expenses | $1,113 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,048 |
| 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 | $2,882 |
| Insurance | $0 |
| All other expenses | $5,312 |
| Total functional expenses | $221,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,733 |
| Savings and temporary cash investments | $0 |
| 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 | $56 |
| Net Land, buildings, and equipment | $1,455,988 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $676,502 |
| Total assets | $2,221,279 |
| Accounts payable and accrued expenses | $981 |
| 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 | $2,498 |
| Total liabilities | $3,479 |
| 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 | $1,411,593 |
| Retained earnings, endowment, accumulated income, or other funds | $806,207 |
| Total liabilities and net assets/fund balances | $2,221,279 |