Fletcher Memorial Library
- Assets
- $1.5m
- Revenue
- $204.3k
- Investments
- $846.8k
- Employees
- 0
- Location
- Ludlow, VT
- Founding
- 11/1937
- Data as of
- 08/2023
- EIN
- 03-6000120
Organization Overview
Fletcher Memorial Library is located in Ludlow, VT. The organization was established in 1937. 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. Fletcher Memorial 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 08/2023, Fletcher Memorial Library generated $204.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $233.7k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
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 |
|---|---|---|---|
Mary Barton Chairperson | 5 | $0 | |
Irene Pearson Secretary/treas | 5 | $0 | |
Leslie Lever Treasurer | 5 | $0 | |
Dennis Pearson Boardmember | 5 | $0 | |
Lee Ann Koponen Boardmember | 5 | $0 | |
Doris Eddy Boardmember | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $82,012 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,366 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $92,914 |
| Capital Gain Net Income | $92,914 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $204,292 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $134,356 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,141 |
| Depreciation | $24,795 |
| Occupancy | $11,962 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,070 |
| Total operating and administrative expenses | $233,718 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $233,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,914 |
| Savings and temporary cash investments | $92,264 |
| 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 | $0 |
| Net Land, buildings, and equipment | $479,754 |
| Other assets | $0 |
| Total assets | $1,456,685 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |