West Falmouth Library Incorporated
- Assets
- $4.3m
- Revenue
- $616.6k
- Investments
- $0.0
- Employees
- 8
- Location
- West Falmouth, MA
- Founding
- 02/1957
- Data as of
- 06/2023
- EIN
- 04-2214857
Organization Overview
West Falmouth Library Incorporated is located in West Falmouth, MA. The organization was established in 1957. As of 06/2023, West Falmouth Library Incorporated employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Falmouth Library Incorporated 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 06/2023, West Falmouth Library Incorporated generated $616.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $406.0k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A LENDING LIBRARY TO THE GENERAL PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE LIBRARY
ISSUANCE OF SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Bryson President | OfficerTrustee | 5 | $0 |
Mary Harris Treasurer | OfficerTrustee | 5 | $0 |
Oliver Egleston Secretary | OfficerTrustee | 5 | $0 |
Susan Challenger Vice President | OfficerTrustee | 2 | $0 |
Charles Mccaffrey Director | Trustee | 2 | $0 |
Jason Cullinane Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delbrook Jkscanlon Builder | 6/29/17 | $1,833,965 |
Brown Lindquist Fenuccio Raber Architect | 6/29/17 | $134,943 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $469,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,159 |
| Total Program Service Revenue | $25,368 |
| Investment income | $30,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,760 |
| Net Gain/Loss on Asset Sales | $28,435 |
| Net Income from Fundraising Events | $30,043 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $616,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,529 |
| Payroll taxes | $10,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $36,000 |
| Fees for services: Investment Management | $11,712 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $4,923 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,297 |
| Insurance | $8,362 |
| All other expenses | $31,873 |
| Total functional expenses | $406,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,324 |
| Savings and temporary cash investments | $77,642 |
| Pledges and grants receivable | $100,716 |
| 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 | $7,296 |
| Net Land, buildings, and equipment | $2,648,907 |
| Investments—publicly traded securities | $1,420,331 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,272,216 |
| Accounts payable and accrued expenses | $1,133 |
| 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 | $1,133 |
| Net assets without donor restrictions | $3,845,129 |
| Net assets with donor restrictions | $425,954 |
| 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 | $4,272,216 |