John Woodruff Simpson Memorial Library Inc
- Assets
- $528.2k
- Revenue
- $99.5k
- Investments
- $469.3k
- Employees
- 0
- Location
- Craftsbury Common, VT
- Founding
- 01/1941
- Data as of
- 06/2022
- EIN
- 03-0210250
Organization Overview
John Woodruff Simpson Memorial Library Inc is located in Craftsbury Common, VT. The organization was established in 1941. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John Woodruff Simpson 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 06/2022, John Woodruff Simpson Memorial Library Inc generated $99.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 48.6% each year . All expenses for the organization totaled $52.8k during the year ending 06/2022. While expenses have increased by 29.7% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES A LIBRARY IN EAST CRAFTSBURY, VERMONT. THE LIBRARY IS OPEN TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Lou Rylands-Isaacson Trustee | 1 | $0 | |
John Rowell Trustee | 1 | $0 | |
Bruce Shields Trustee | 1 | $0 | |
Anne Hanson Trustee | 1 | $0 | |
Valerie Morrison Treasurer | 3 | $0 | |
Marion Bok Vice-Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $73,721 |
| Interest on Savings | $4 |
| Dividends & Interest | $5,304 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,529 |
| Capital Gain Net Income | $18,529 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,967 |
| Total Revenue | $99,525 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $20,541 |
| Pension plans, employee benefits | $1,571 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $533 |
| Occupancy | $9,552 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,204 |
| Other expenses | $7,639 |
| Total operating and administrative expenses | $52,657 |
| Contributions, gifts, grants paid | $100 |
| Total expenses and disbursements | $52,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,595 |
| Savings and temporary cash investments | $9,330 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $455,830 |
| Net Land, buildings, and equipment | $6,916 |
| Other assets | $0 |
| Total assets | $528,181 |
| Accounts payable and accrued expenses | $765 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $765 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that John Woodruff Simpson Memorial Library Inc has recieved totaling $7,300.
| Awarding Organization | Amount |
|---|---|
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $7,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |
Springfield Museums Corporation Springfield, MA | $83,263,430 | $9,886,411 |
Westchester Library System Elmsford, NY | $6,787,041 | $7,508,558 |
American Antiquarian Society Worcester, MA | $122,268,688 | $9,559,298 |
John Fitzgerald Kennedy Library Foundation Incorporated Boston, MA | $64,242,661 | $9,493,249 |
Emma S Clark Memorial Library Association Setauket, NY | $12,307,300 | $6,439,716 |
Proprietors Of The Social Law Library Boston, MA | $11,132,474 | $6,079,847 |
New City Library New City, NY | $17,574,056 | $6,151,626 |
Ramapo Catskill Library System Middletown, NY | $7,241,710 | $5,453,407 |
Rogers Memorial Library Co Southampton, NY | $10,096,984 | $4,883,098 |