Henry Carter Hull Library Inc
- Assets
- $2.2m
- Revenue
- $961.2k
- Investments
- $0.0
- Employees
- 23
- Location
- Clinton, CT
- Founding
- 02/1943
- Data as of
- 06/2022
- EIN
- 06-0662139
Organization Overview
Henry Carter Hull Library Inc is located in Clinton, CT. The organization was established in 1943. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2022, Henry Carter Hull Library Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henry Carter Hull 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, Henry Carter Hull Library Inc generated $961.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 1.4% 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
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATION OF A PUBLIC LIBRARY IN THE TOWN OF CLINTON, CT, WHICH HAS A POPULATION OF OVER 12,000. THE LIBRARY SERVES THE GENERAL PUBLIC AND IS OPEN TO NON-RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maribeth Breen Executive Dir. | Officer | 40 | $81,781 |
Rich Santanelli President | OfficerTrustee | 2 | $0 |
Meredith Adler Secretary | OfficerTrustee | 3 | $0 |
Ken Mcdonnell Vice President | OfficerTrustee | 1 | $0 |
David Reynolds Treasurer | OfficerTrustee | 3 | $0 |
Bob Igo Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $783,701 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,749 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $863,450 |
| Total Program Service Revenue | $21,181 |
| Investment income | $19,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,091 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $961,224 |
| 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. | $81,780 |
| Compensation of current officers, directors, key employees. | $44,979 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $510,144 |
| Pension plan accruals and contributions | $24,655 |
| Other employee benefits | $72,767 |
| Payroll taxes | $44,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,455 |
| Fees for services: Other | $5,885 |
| Advertising and promotion | $0 |
| Office expenses | $3,755 |
| Information technology | $24,026 |
| Royalties | $0 |
| Occupancy | $51,516 |
| Travel | $2,067 |
| 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 | $31,304 |
| Insurance | $16,680 |
| All other expenses | $1,433 |
| Total functional expenses | $1,003,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,420 |
| Savings and temporary cash investments | $64,855 |
| 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 | $18,120 |
| Net Land, buildings, and equipment | $401,480 |
| Investments—publicly traded securities | $703,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21,552 |
| Other assets | $913,802 |
| Total assets | $2,224,108 |
| Accounts payable and accrued expenses | $27,171 |
| 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 | $0 |
| Total liabilities | $27,171 |
| Net assets without donor restrictions | $1,189,137 |
| Net assets with donor restrictions | $1,007,800 |
| 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 | $2,224,108 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Henry Carter Hull Library Inc has recieved totaling $198.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $198 |
Endowment Analysis
| Beg. Balance | $1,696,765 |
| Earnings | $436,905 |
| Admin Expense | $9,960 |
| Ending Balance | $2,123,710 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Westchester Library System Elmsford, NY | $6,787,041 | $7,508,558 |
American Antiquarian Society Worcester, MA | $122,268,688 | $9,559,298 |