Centerville Public Library Assoc Inc
- Assets
- $3.6m
- Revenue
- $506.2k
- Investments
- $0.0
- Employees
- 14
- Location
- Centerville, MA
- Founding
- 07/1971
- Data as of
- 06/2022
- EIN
- 04-2221700
Organization Overview
Centerville Public Library Assoc Inc is located in Centerville, MA. The organization was established in 1971. As of 06/2022, Centerville Public Library Assoc Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centerville Public Library Assoc 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, Centerville Public Library Assoc Inc generated $506.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $645.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. 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
MAINTAIN A PUBLIC LIBRARY IN THE VILLAGE OF CENTERVILLE, MA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RUNS A PUBLIC LIBRARY SERVING THE VILLAGE OF CENTERVILLE, MA WITH 10,000+ RESIDENTS AND SEASONAL EXPANSION FROM SUMMER TOURISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Mcdonald President | OfficerTrustee | 5 | $0 |
Karen Rezendes Vice Preside | OfficerTrustee | 5 | $0 |
Guy Giammasi Secretary | OfficerTrustee | 5 | $0 |
Laura Groark Treasurer | OfficerTrustee | 5 | $0 |
Dominick Gautrau Trustee | Trustee | 2 | $0 |
Patricia Giammasi Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $386,747 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $437,907 |
| Total Program Service Revenue | $44,291 |
| Investment income | $23,991 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $506,189 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $300,942 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,336 |
| Payroll taxes | $34,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,123 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,163 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,662 |
| Insurance | $14,674 |
| All other expenses | $21,724 |
| Total functional expenses | $645,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,293 |
| Savings and temporary cash investments | $5,096 |
| Pledges and grants receivable | $5,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,527,605 |
| Investments—publicly traded securities | $889,552 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,614,546 |
| Accounts payable and accrued expenses | $27,079 |
| 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 | $27,079 |
| Net assets without donor restrictions | $3,382,176 |
| Net assets with donor restrictions | $205,291 |
| 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 | $3,614,546 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Centerville Public Library Assoc Inc has recieved totaling $14,150.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $14,150 |
Endowment Analysis
| Beg. Balance | $232,097 |
| Earnings | -$26,806 |
| Ending Balance | $205,291 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hartford Public Library Hartford, CT | $35,044,167 | $19,581,056 |
Great Neck Library Great Neck, NY | $34,961,861 | $11,637,861 |
Westport Library Assoc Westport, CT | $27,522,269 | $7,094,016 |
Oceanside Library Oceanside, NY | $46,476,817 | $6,978,242 |
Darien Library Inc Darien, CT | $29,008,924 | $5,931,772 |
Connetquot Public Library Bohemia, NY | $10,940,573 | $6,656,257 |
Crandall Library Glens Falls, NY | $18,989,283 | $4,650,669 |
Bryant Library Roslyn, NY | $10,311,911 | $5,190,176 |
Port Jefferson Free Library Port Jefferson, NY | $14,577,531 | $4,685,963 |
Riverhead Free Library Riverhead, NY | $9,623,554 | $4,087,006 |
Wilton Library Association Incorporated Wilton, CT | $11,356,788 | $3,701,367 |
Wallingford Public Library Assoc Wallingford, CT | $3,324,792 | $3,497,111 |