Friends Of The Charlotte Library Inc
- Assets
- $71.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, VT
- Founding
- 03/1995
- Data as of
- 06/2022
- EIN
- 03-0346266
Organization Overview
Friends Of The Charlotte Library Inc is located in Charlotte, VT. The organization was established in 1995. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Friends Of The Charlotte 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, Friends Of The Charlotte Library Inc generated $45.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (37.1%) each year. All expenses for the organization totaled $18.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDS OF THE CHARLOTTE LIBRARY RAISES FUNDS TO SUPPORT AND PROMOTE THE LOCAL LIBRARY'S MISSION TO PROVIDE ACCESS TO THE BEST TRADITIONAL AND CONTEMPORARY LIBRARY SERVICES FOR OUR TOWN.
Describe the Organization's Program Activity:
Part 3
THE CHARLOTTE LIBRARY IS IN THE MIDST OF A MULTI-YEAR CAPITAL CAMPAIGN TO FUND THE LIBRARY EXPANSION. AFTER A VOTE OF APPROVAL FROM THE TOWN OF CHARLOTTE TO FUND HALF OF THE PROJECT WITH A BOND, THE FRIENDS OF THE CHARLOTTE LIBRARY SUCCESSFULLY RAISED THE REMAINING FUNDS NEEDED. IN THE FISCAL YEAR ENDED JUNE 30, 2020, THE FRIENDS OF THE CHARLOTTE LIBRARY SPENT $540,000 OF THE CAPITAL CAMPAIGN FUNDS RAISED ON BUILDING CONSTRUCTION AND RENOVATION.
THE ORGANIZATION PROVIDED FUNDS FOR PROGRAMMING INCLUDING PURCHASING NEW BOOKS AND LIBRARY MATERIALS, WHICH SUPPLEMENT THE LIBRARY'S REGULAR BOOK BUDGET AND ALLOWS FOR MORE BREADTH IN THE LIBRARY'S COLLECTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nan Mason President | 3 | $0 | |
Beth Merritt Treasurer | 4 | $0 | |
Dana Murphy Secretary | 1 | $0 | |
Shanley Hinge Director | 2 | $0 | |
Carol Clay Director | 1 | $0 | |
Missy Adams Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,323 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,613 |
| Other Revenue | $0 |
| Total Revenue | $45,441 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,238 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,409 |
| Other expenses | $193 |
| Total expenses | $18,403 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,514 |
| Other assets | $0 |
| Total assets | $71,514 |
| Total liabilities | $0 |
| Net assets or fund balances | $71,514 |
Grants Awarded
Over the last fiscal year, Friends Of The Charlotte Library Inc has awarded $547,353 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF CHARLOTTE PURPOSE: Construction | $540,000 |
THE CHARLOTTE LIBRARY PURPOSE: Programming | $7,353 |