Marion Library Association
- Assets
- $738.9k
- Revenue
- $348.2k
- Investments
- $0.0
- Employees
- 13
- Location
- Marion, MA
- Founding
- 10/1976
- Data as of
- 06/2022
- EIN
- 04-2151737
Organization Overview
Marion Library Association is located in Marion, MA. The organization was established in 1976. 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, Marion Library Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marion Library Association 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, Marion Library Association generated $348.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $291.4k during the year ending 06/2022. While expenses have increased by 4.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIBRARY SERVICES TO THE GENERAL PUBLIC AND SURROUNDING COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LIBRARY SERVICES TO THE GENERAL PUBLIC AND SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth A Sherry Executive Dir. | Trustee | 40 | $67,669 |
Kate Marvel Director | Trustee | 0 | $0 |
Tangilee Thomas Director | Trustee | 0 | $0 |
Bonnie Kirchner Treasurer | OfficerTrustee | 5 | $0 |
David Finn-Clarke Director | Trustee | 0 | $0 |
Laura Dadagian O'rourke Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $243,395 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,397 |
| Total Program Service Revenue | $58,114 |
| Investment income | $10,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $679 |
| Net Income from Fundraising Events | $7,948 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,248 |
| 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. | $67,669 |
| Compensation of current officers, directors, key employees. | $33,834 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,398 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,074 |
| Payroll taxes | $6,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $286 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,020 |
| Advertising and promotion | $0 |
| Office expenses | $7,230 |
| Information technology | $15,250 |
| Royalties | $0 |
| Occupancy | $1,938 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $275 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $411 |
| Insurance | $5,662 |
| All other expenses | $8,011 |
| Total functional expenses | $291,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,172 |
| Savings and temporary cash investments | $237,434 |
| 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 | $6,110 |
| Net Land, buildings, and equipment | $5,096 |
| Investments—publicly traded securities | $440,070 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $738,883 |
| 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 | $9,784 |
| Total liabilities | $9,784 |
| Net assets without donor restrictions | $625,541 |
| Net assets with donor restrictions | $103,558 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $738,883 |