Moore Free Library
- Assets
- $636.3k
- Revenue
- $234.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Newfane, VT
- Founding
- 02/1999
- Data as of
- 09/2023
- EIN
- 03-0290733
Organization Overview
Moore Free Library is located in Newfane, VT. The organization was established in 1999. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 09/2023, Moore Free Library employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moore 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 09/2023, Moore Free Library generated $234.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $109.1k during the year ending 09/2023. While expenses have increased by 6.1% per year over the past 5 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
OPERATION OF A LIBRARY AND ART GALLERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION OPERATES THE ONLY LIBRARY IN NEWFANE, VT, POPULATION 1645. IT PROVIDES EDUCATIONAL ACTIVITIES AND INCENTIVES FOR STUDENTS. IT ALSO MAINTAINS A GALLERY THAT HOUSES A COLLECTION OF WORKS BY VERMONT ARTISTS. IT IS DEVELOPING A DIGITAL SYSTEM TO RECORD PEOPLES MEMORIES FOR HISTORICAL PRESERVATION. IT HAS A COLLECTION OF EQUIPMENT SUCH AS BINOCULARS, METAL DETECTORS, AND SNOW SHOES FOR RESIDENTS TO BORROW. IT HAS COMPUTERS FOR USE BY THE PUBLIC AND PROVIDES PUBLIC WIFI ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Cawrse Secretary | OfficerTrustee | 3 | $972 |
Christian Webb President | OfficerTrustee | 5 | $0 |
Marie Tattersall Treasurer | OfficerTrustee | 8 | $0 |
Ryan Kelly Vice President | OfficerTrustee | 3 | $0 |
Suzanne Paugh Director | Trustee | 2 | $0 |
Trevor Williams Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,626 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,126 |
| Total Program Service Revenue | $3,540 |
| Investment income | $8,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,900 |
| Net Gain/Loss on Asset Sales | $81,419 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $972 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,261 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,921 |
| Fees for services: Other | $62 |
| Advertising and promotion | $0 |
| Office expenses | $1,047 |
| Information technology | $904 |
| Royalties | $0 |
| Occupancy | $32,556 |
| 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 | $8,037 |
| Insurance | $5,409 |
| All other expenses | $0 |
| Total functional expenses | $109,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,133 |
| 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 | $0 |
| Net Land, buildings, and equipment | $148,163 |
| Investments—publicly traded securities | $318,299 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,738 |
| Total assets | $636,333 |
| Accounts payable and accrued expenses | $1,635 |
| 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 | $1,635 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $634,698 |
| Total liabilities and net assets/fund balances | $636,333 |