Lincoln Library Inc
- Assets
- $1.2m
- Revenue
- $67.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Lincoln, VT
- Founding
- 08/1998
- Data as of
- 06/2022
- EIN
- 03-0301455
Organization Overview
Lincoln Library Inc is located in Lincoln, VT. The organization was established in 1998. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2022, Lincoln Library Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln 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, Lincoln Library Inc generated $67.2k 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 (6.0%) each year. All expenses for the organization totaled $95.7k during the year ending 06/2022. 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
SERVE AS PUBLIC LIBRARY TO THE CITIZEN'S OF THE TOWN OF LINCOLN AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LIBRARY SERVICES IN ACCORDANCE WITH THE ORGANIZATION MISSION STATEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Mcintosh Librarian | Officer | 30 | $33,375 |
Ellen Hanson Ass't Librarian | Officer | 8 | $4,912 |
Erika French Board Trustee | Trustee | 3 | $0 |
Dale Cockrell Board Trustee | Trustee | 3 | $0 |
Debra Heleba Board Trustee | Trustee | 3 | $0 |
Sally Baldwin Chair Of The Board | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,301 |
| Related organizations | $0 |
| Government grants | $44,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,984 |
| Total Program Service Revenue | $0 |
| Investment income | -$794 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,190 |
| 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. | $44,244 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $180 |
| Advertising and promotion | $565 |
| Office expenses | $6,156 |
| Information technology | $1,618 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $3,562 |
| All other expenses | $0 |
| Total functional expenses | $95,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,975 |
| Savings and temporary cash investments | $92,983 |
| 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 | $722,205 |
| Investments—publicly traded securities | $407,127 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,226,290 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $1,226,290 |
| Total liabilities and net assets/fund balances | $1,226,290 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lincoln Library Inc has recieved totaling $22,322.
| Awarding Organization | Amount |
|---|---|
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $22,250 |
Fieldstone Foundation Inc Stow, MA PURPOSE: OPERATIONS BUDGET ASSISTANCE | $50 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
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 |