Langworthy Public Library
- Assets
- $723.7k
- Revenue
- $193.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hope Valley, RI
- Founding
- 04/1976
- Data as of
- 06/2023
- EIN
- 05-0342986
Organization Overview
Langworthy Public Library is located in Hope Valley, RI. The organization was established in 1976. 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 06/2023, Langworthy Public Library generated $193.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $170.4k during the year ending 06/2023. While expenses have increased by 2.7% per year over the past 8 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Potter President | OfficerTrustee | 10 | $0 |
Donna Bodell Treasurer | OfficerTrustee | 3 | $0 |
Gabriella Harrington Secretary | OfficerTrustee | 3 | $0 |
Kelli-Lynn Ward-Miller Trustee | Trustee | 3 | $0 |
Heidi Matczak Trustee | Trustee | 3 | $0 |
Joseph Cabalbo Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,132 |
| Related organizations | $0 |
| Government grants | $92,330 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,637 |
| Total Program Service Revenue | $770 |
| Investment income | $23,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,161 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,453 |
| 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 | $78,374 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,053 |
| 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 | $5,894 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,371 |
| Information technology | $4,242 |
| 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 | $3,078 |
| All other expenses | $7,052 |
| Total functional expenses | $170,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,593 |
| 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 | $599,542 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $723,721 |
| 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 | $2,264 |
| Total liabilities | $2,264 |
| Net assets without donor restrictions | $711,182 |
| Net assets with donor restrictions | $10,275 |
| 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 | $723,721 |