Godfrey Memorial Library
- Assets
- $1.4m
- Revenue
- $352.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Middletown, CT
- Founding
- 07/1952
- Data as of
- 12/2021
- EIN
- 06-0655485
Organization Overview
Godfrey Memorial Library is located in Middletown, CT. The organization was established in 1952. 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. Godfrey Memorial 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 12/2021, Godfrey Memorial Library generated $352.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $182.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF GODFREY MEMORIAL LIBRARY AND MAINTENANCE OF A LARGE COLLECTION OF BOOKS, PAMPHLETS, PERIODICALS AND ELECTRONIC RECORDS AND OTHER MATERIALS IN THE FIELD OF AMERICAN BIOGRAPHY, GENEALOGY, AND OTHER TOWN HISTORY.
SALE OF BIOGRAPHICAL BOOKS WHICH HELPS FURTHER THE STUDY OF GENEALOGY AND HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol M Ansel Executive Di | 40 | $43,154 | |
Dorian Hill Trustee | 1 | $0 | |
Paul O'pecko Trustee | 1 | $0 | |
Jennifer Ritchie Trustee | 1 | $0 | |
Carol Whitmer Trustee | 1 | $0 | |
James Pompano Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $222,033 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,989 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $2,122 |
| Other Income | $91,542 |
| Total Revenue | $352,686 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,154 |
| Other employee salaries and wages | $38,820 |
| Pension plans, employee benefits | $7,449 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $18,141 |
| Occupancy | $23,433 |
| Travel, conferences, and meetings | $945 |
| Printing and publications | $0 |
| Other expenses | $37,741 |
| Total operating and administrative expenses | $182,794 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $182,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,996 |
| Savings and temporary cash investments | $34,405 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,870 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $121,225 |
| Other assets | $0 |
| Total assets | $1,391,579 |
| Accounts payable and accrued expenses | $3,470 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,470 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Godfrey Memorial Library has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
The Mark R Fusco Foundation Inc New Haven, CT PURPOSE: CHARITY | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pierpont Morgan Library New York, NY | $416,332,166 | $59,153,120 |
Rochester Public Library Rochester, NY | $13,709,813 | $21,920,405 |
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Ferguson Library Stamford, CT | $21,910,876 | $11,228,846 |
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
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 |