Richard Salters Storrs Library

Organization Overview

Richard Salters Storrs Library is located in Longmeadow, MA. The organization was established in 1944. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. Richard Salters Storrs Library 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, Richard Salters Storrs Library generated $305.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $196.8k during the year ending 06/2022. While expenses have increased by 7.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY EXEMPT PURPOSE IS TO MAINTAIN A FREE PUBLIC LIBRARY IN LONGMEADOW, MA

Describe the Organization's Program Activity:

Part 3 - Line 4a

PUBLIC LIBRARY THAT PROVIDES PATRONS WITH ACCESS TO PRINT AND NON-PRINT COLLECTIONS, ONLINE REFERENCES DATABASES, LOCAL HISTORY AND GENEALOGY ROOM AS WELL AS RESOURCE MATERIALS AND RESEARCH ASSISTANCE FOR CHILDREN.


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Board, Officers & Key Employees

Name (title)Compensation
Marion Germino
Treasurer
$0
Rob Humberston
Clerk
$0
Mary Rogeness
President
$0
Cynthia Campbell
Trustee
$0
Michele Drennan
Trustee
$0
Maura Devlin
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $144,776
All other contributions, gifts, grants, and similar amounts not included above$92,128
Noncash contributions included in lines 1a–1f $92,128
Total Revenue from Contributions, Gifts, Grants & Similar$236,904
Total Program Service Revenue$7,503
Investment income $29,927
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$21,105
Net Gain/Loss on Asset Sales $52,351
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $305,580

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Richard Salters Storrs Library has recieved totaling $3,229.

Awarding OrganizationAmount
Frank E Wheeler Trust Uw 59-7082506 Fbo

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$3,229
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$114,208
Earnings-$17,043
Ending Balance$97,165

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