Otis Library Inc
- Assets
- $254.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Otis, MA
- Founding
- 05/1976
- Data as of
- 06/2022
- EIN
- 04-6382917
Organization Overview
Otis Library Inc is located in Otis, MA. The organization was established in 1976. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otis Library 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, Otis Library Inc generated $94.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $100.2k during the year ending 06/2022. While expenses have increased by 5.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE OTIS LIBRARY AND MUSEUM WAS OPEN TO THE GENERAL PUBLIC A TOTAL OF 1,354 HOURS DURING THE FISCAL YEAR. DURING THE YEAR, CHILDREN'S PROGRAMS ARE HELD, AND INTERNET ACCESS IS AVAILABLE TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Dyer Chairperson | 1 | $0 | |
Susan Brofman Treasurer | 1.5 | $0 | |
Celeste Watman Trustee | 1 | $0 | |
James Adams Trustee | 1 | $0 | |
Gloria Mamokhin Trustee | 1 | $0 | |
Donna Rich Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,388 |
| Total Program Service Revenue | $326 |
| Membership dues | $0 |
| Investment income | $212 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $712 |
| Other Revenue | $0 |
| Total Revenue | $94,638 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,548 |
| Professional fees and other payments to independent contractors | $8,555 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,126 |
| Other expenses | $29,999 |
| Total expenses | $100,228 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $164,527 |
| Other assets | $0 |
| Total assets | $254,924 |
| Total liabilities | $3,531 |
| Net assets or fund balances | $251,393 |
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|---|---|---|
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