Westfield Athenaeum
- Assets
- $8.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 33
- Location
- Westfield, MA
- Founding
- 09/1953
- Data as of
- 06/2023
- EIN
- 04-6004372
Organization Overview
Westfield Athenaeum is located in Westfield, MA. The organization was established in 1953. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2023, Westfield Athenaeum employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westfield 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, Westfield Athenaeum generated $2.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 1.9% per year over the past 4 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
FREE PUBLIC LIBRARY AND HISTORICAL MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOOKMOBILE CIRCULATION AND OUTREACH PROGRAM CIRCULATED DELIVERED TO NEARLY 150 RESIDENTS WHO WOULD OTHERWISE NOT BE ABLE TO TO GET LIBRARY MATERIALS ON A REGULAR BASIS.
THE ATHENAEUM PROVIDED 310 IN-PERSON PROGRAMS OVER THE COURSE OF THE YEAR. THERE WAS ALSO 7 OFF-SITE PROGAMS ALONG WITH 14 VIRTUAL PROGRAMS.
THE EDWIN SMITH HISTORICAL MUSEUM IS OPEN TWO DAYS A WEEK WHILE OVER 500 SCHOOL AGED CHILDREN VISITED THE MUSEUM TO LEARN ABOUT COLONIAL DAYS AND THE DEVELOPMENT OF AGRICULTURE AND INDUSTRY IN WESTFIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Cameron Director | Trustee | 2 | $0 |
Donna Burkott Director | Trustee | 2 | $0 |
Mark Morin Treasurer | OfficerTrustee | 2 | $0 |
Jayne Mulligan Director | Trustee | 4 | $0 |
Linda Saltus Director | Trustee | 4 | $0 |
Deborah Strycharz Asst Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,193,935 |
| All other contributions, gifts, grants, and similar amounts not included above | $365,471 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,559,406 |
| Total Program Service Revenue | $0 |
| Investment income | $150,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $236,372 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,981,259 |
| 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 | $929,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $618 |
| Fees for services: Accounting | $5,000 |
| 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 | $21,769 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,119 |
| 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 | $93,716 |
| Insurance | $26,473 |
| All other expenses | $53,704 |
| Total functional expenses | $1,464,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,868 |
| Savings and temporary cash investments | $1,482,057 |
| Pledges and grants receivable | $796 |
| 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 | $2,948,494 |
| Investments—publicly traded securities | $3,885,747 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,509,962 |
| Accounts payable and accrued expenses | $4,746 |
| 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 | $36,314 |
| Total liabilities | $41,060 |
| Net assets without donor restrictions | $3,101,272 |
| Net assets with donor restrictions | $5,367,630 |
| 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 | $8,509,962 |