Cumberland Library Fund Inc
- Assets
- $437.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cumberland, RI
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 05-0480964
Organization Overview
Cumberland Library Fund Inc is located in Cumberland, RI. The organization was established in 1995. 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. Cumberland Library Fund 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 12/2021, Cumberland Library Fund Inc generated $20.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.8%) each year. All expenses for the organization totaled $11.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (25.3%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
PURCHASE MATERIALS FOR THE CUMBERLAND PUBLIC LIBRARY. THE LIBRARY ITSELF ISFOCUSED ON MEETING THE EDUCATIONAL NEEDS OF THE CITIZENS OF CUMBERLAND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Tanguay Chair | 5 | $0 | |
Eric Listenfelt Treasurer | 5 | $0 | |
Nancy Chaput Vice Chair | 5 | $0 | |
Susan Rebelo Secretary | 5 | $0 | |
Martha Correia Director | 5 | $0 | |
Lynne Diagneault Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,284 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,284 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,866 |
| Total expenses | $11,866 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $437,807 |
| Other assets | $0 |
| Total assets | $437,807 |
| Total liabilities | $0 |
| Net assets or fund balances | $437,807 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cumberland Library Fund Inc has recieved totaling $15,958.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL OPERATING; PROGRAM SUPPORT | $15,694 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $175 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $89 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |
Springfield Museums Corporation Springfield, MA | $83,263,430 | $9,886,411 |
Providence Public Library Providence, RI | $36,987,936 | $6,478,555 |
American Antiquarian Society Worcester, MA | $122,268,688 | $9,559,298 |
John Fitzgerald Kennedy Library Foundation Incorporated Boston, MA | $64,242,661 | $9,493,249 |
Providence Community Library Providence, RI | $3,536,568 | $6,105,940 |
Proprietors Of The Social Law Library Boston, MA | $11,132,474 | $6,079,847 |
New Canaan Library Inc New Canaan, CT | $41,940,632 | $22,594,634 |
Greenwich Library Greenwich, CT | $86,849,437 | $8,026,445 |
New Britain Institute New Britain, CT | $7,009,202 | $4,616,015 |
Stratford Library Association Stratford, CT | $5,818,496 | $3,949,796 |