Trustees Of The Berkshire Athenaeum
- Assets
- $6.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsfield, MA
- Founding
- 12/1944
- Data as of
- 06/2023
- EIN
- 04-6004200
Organization Overview
Trustees Of The Berkshire Athenaeum is located in Pittsfield, MA. The organization was established in 1944. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, 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. Trustees Of The Berkshire Athenaeum 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, Trustees Of The Berkshire Athenaeum generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.7% each year . All expenses for the organization totaled $394.8k during the year ending 06/2023. While expenses have increased by 13.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BERKSHIRE ATHENAEUM, PITTSFIELD'S PUBLIC LIBRARY, EXISTS TO INITIATE, NURTURE AND FEED A PASSION FOR KNOWLEDGE AND LEARNING. THE LIBRARY OFFERS PEOPLE OF ALL AGES THE MATERIALS AND SERVICES NECESSARY TO SATISFY AN APPETITE FOR INFORMATION ABOUT POPULAR CULTURE AND SOCIAL TRENDS AND THEIR DESIRE FOR ENJOYABLE RECREATIONAL EXPERIENCES; ENABLES OLDER CHILDREN AND ADULTS TO EXPLORE PERSONAL, HISTORICAL AND CULTURAL HERITAGE; SUPPLIES THE MEANS FOR INDIVIDUALS TO CONTINUE TO LEARN THROUGHOUT THEIR LIVES; AND PROVIDES THE SOPHISTICATED INFORMATION SERVICES NEEDED TO ANSWER THEIR QUESTIONS; ALL IN A WELCOMING SETTING FOR PEOPLE TO ENGAGE WITH OTHERS AND DISCUSS A VARIETY OF COMMUNITY ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OIN FISCAL YEAR 2023, THE LIBRARY HAD 233,630 CIRCULATIONS OF MATERIALS TO 22,262 REGISTERED BORROWERS.THE LIBRARY'S OPERATING HOURS ARE 63 HOURS PER WEEK, FOR A TOTAL OF 3,130 PUBLIC SERVICE HOURS OPEN FOR THE YEAR.THE LIBRARY HAS 16 FULL-TIME AND APPROXIMATELY 35 PART-TIME STAFF WHO ANSWERED 23,333 REFERENCE QUESTIONS THIS YEAR. THE LIBRARY ALSO PROVIDED 25,818 WIRELESS INTERNET SESSIONS AND 14,196 WIRED COMPUTER SESSIONS THIS YEAR. THE LIBRARY OFFERED 497 PROGRAMS WITH 7,624 TOTAL ATTENDANCE AT THOSE PROGRAMS.ADDITIONALLY, SELF-DIRECTED ACTIVITIES (INCLUDING PUZZLES, COLORING SESSIONS,AND SCAVENGER HUNTS) NUMBERED 49, WITH 3,890 PARTICIPANTS. FINALLY, THE LIBRARY'S MEETING ROOMS WERE UTILIZED 1,231 TIMES DURING THE COURSE OF THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Amuso President (through 10/5/2022) | OfficerTrustee | 0.25 | $0 |
Pamela L Knisley Vice Pres., President Beg. 10/5/22 | OfficerTrustee | 0.25 | $0 |
John D Neiner Vice President Beginning 10/5/22 | Trustee | 0.25 | $0 |
Gail M Molari Clerk | OfficerTrustee | 0.25 | $0 |
Rev Charles E Pratt Jr Treasurer | OfficerTrustee | 0.25 | $0 |
John W Murphy Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $238,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $725,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $963,575 |
| Total Program Service Revenue | $64,724 |
| Investment income | $194,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,921 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,237,118 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,167 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,987 |
| Office expenses | $29,920 |
| Information technology | $5,162 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,496 |
| Insurance | $1,372 |
| All other expenses | $2,662 |
| Total functional expenses | $394,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,913 |
| Savings and temporary cash investments | $184,731 |
| Pledges and grants receivable | $602,777 |
| 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 | $66,337 |
| Investments—publicly traded securities | $5,793,071 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $6,685,830 |
| Accounts payable and accrued expenses | $291 |
| 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 | $291 |
| Net assets without donor restrictions | $4,912,988 |
| Net assets with donor restrictions | $1,772,551 |
| 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 | $6,685,830 |