Fletcher Memorial Library
- Assets
- $1.5m
- Revenue
- $211.4k
- Investments
- $907.5k
- Employees
- 0
- Location
- Ludlow, VT
- Founding
- 11/1937
- Data as of
- 08/2022
- 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 08/2022, Fletcher Memorial Library generated $211.4k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $239.9k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Pearson Boardmember | 5 | $0 | |
Mary Barton Chairperson | 5 | $0 | |
Doris Eddy Boardmember | 5 | $0 | |
Irene Pearson Secretary | 5 | $0 | |
Lee Ann Koponen Boardmember | 5 | $0 | |
Leslie Lever Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,210 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,511 |
| Capital Gain Net Income | $72,511 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $211,403 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $128,632 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,373 |
| Depreciation | $24,301 |
| Occupancy | $24,638 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,567 |
| Total operating and administrative expenses | $239,907 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $239,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,632 |
| Savings and temporary cash investments | $35,477 |
| 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 | $504,549 |
| Other assets | $0 |
| Total assets | $1,486,111 |
| 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 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fletcher Memorial Library has recieved totaling $40,996.
| Awarding Organization | Amount |
|---|---|
Fletcher Farm Foundation Inc Ludlow, VT PURPOSE: GRANT | $39,996 |
Anthony C Marro Memorial Tr Uw Bridgeport, CT PURPOSE: REJUNENATE LARGE PRINT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pierpont Morgan Library New York, NY | $416,332,166 | $59,153,120 |
Rochester Public Library Rochester, NY | $13,709,813 | $21,920,405 |
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
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 |