Langworthy Public Library
- Assets
- $716.5k
- Revenue
- $199.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Hope Valley, RI
- Founding
- 04/1976
- Data as of
- 06/2022
- EIN
- 05-0342986
Organization Overview
Langworthy Public Library is located in Hope Valley, RI. The organization was established in 1976. As of 06/2022, Langworthy Public Library employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Langworthy Public 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, Langworthy Public Library generated $199.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $143.7k during the year ending 06/2022. While expenses have increased by 0.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PUBLIC LIBRARY THAT SUPPORTS LOCAL SCHOOL CURRICULA AND READING LISTS, INDIVIDUAL AND COMMUNITY INTERESTS, AND MAINTAINS A WIDE SELECTION OF TITLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COMMUNITY ACCESS TO INFORMATION THROUGH BOOKS, PERIODICALS, AUDIOVISUAL ITEMS AND PERSONAL COMPUTERS FOR THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Bodell Treasurer | OfficerTrustee | 3 | $0 |
Cynthia Potter President | OfficerTrustee | 10 | $0 |
Gabe Harrington Secretary | OfficerTrustee | 3 | $0 |
Jennifer Scheider Trustee | Trustee | 3 | $0 |
Heidi Matczak Trustee | Trustee | 3 | $0 |
Dawn Romans Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $96,349 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,129 |
| Total Program Service Revenue | $114 |
| Investment income | $23,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,486 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,600 |
| 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 | $72,147 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,449 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,070 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,724 |
| Information technology | $9,449 |
| 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 | $0 |
| Insurance | $2,924 |
| All other expenses | $5,243 |
| Total functional expenses | $143,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,806 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $44,586 |
| Investments—publicly traded securities | $607,142 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $716,534 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,651 |
| Total liabilities | $1,651 |
| Net assets without donor restrictions | $703,255 |
| Net assets with donor restrictions | $11,628 |
| 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 | $716,534 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Langworthy Public Library has recieved totaling $41,685.
| Awarding Organization | Amount |
|---|---|
Horace A & S Ella Kimball Foundation Westerly, RI PURPOSE: UNRESTRICTED GIFT | $37,500 |
The Champlin Foundation Pittsburgh, PA PURPOSE: RETAINING WALL AND FOUNDATION REPAIR | $3,600 |
Ashaway Charitable Trust Westerly, RI PURPOSE: GENERAL | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $85 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hartford Public Library Hartford, CT | $35,044,167 | $19,581,056 |
Westport Library Assoc Westport, CT | $27,522,269 | $7,094,016 |
Darien Library Inc Darien, CT | $29,008,924 | $5,931,772 |
Wilton Library Association Incorporated Wilton, CT | $11,356,788 | $3,701,367 |
Wallingford Public Library Assoc Wallingford, CT | $3,324,792 | $3,497,111 |
Farmington Village Green And Library Assoc Farmington, CT | $13,374,438 | $3,538,139 |
Ridgefield Library Association Inc Ridgefield, CT | $24,615,900 | $3,459,736 |
Memorial & Library Association Westerly, RI | $38,501,613 | $3,083,300 |
Newport Public Library Newport, RI | $5,561,089 | $2,744,004 |
Trustees Of The Forbes Library Northampton, MA | $10,232,224 | $2,847,127 |
North Of Boston Library Exchange Inc Danvers, MA | $2,577,569 | $2,501,521 |
Gloucester Lyceum And Sawyer Free Library Gloucester, MA | $8,720,959 | $2,330,297 |