Henry Carter Hull Library Inc
- Assets
- $2.2m
- Revenue
- $911.6k
- Investments
- $0.0
- Employees
- 23
- Location
- Clinton, CT
- Founding
- 02/1943
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Henry Carter Hull Library Inc generated $911.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 1.5% 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
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 | $84,672 |
Laurie Santos Trustee | Trustee | 1 | $0 |
Rich Santanelli President | OfficerTrustee | 2 | $0 |
Val Nye Trustee | Trustee | 1 | $0 |
Bob Igo Trustee | Trustee | 1 | $0 |
Elizabeth Goldstein Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $830,156 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $908,752 |
| Total Program Service Revenue | $38,520 |
| Investment income | $20,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$56,246 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $911,560 |
| 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. | $87,377 |
| Compensation of current officers, directors, key employees. | $48,057 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $495,937 |
| Pension plan accruals and contributions | $16,977 |
| Other employee benefits | $78,991 |
| Payroll taxes | $45,642 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,443 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,942 |
| Fees for services: Other | $14,110 |
| Advertising and promotion | $0 |
| Office expenses | $6,502 |
| Information technology | $24,501 |
| Royalties | $0 |
| Occupancy | $64,059 |
| Travel | $4,379 |
| 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 | $30,703 |
| Insurance | $22,074 |
| All other expenses | $1,588 |
| Total functional expenses | $1,021,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,751 |
| Savings and temporary cash investments | $55,874 |
| 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 | $20,213 |
| Net Land, buildings, and equipment | $372,109 |
| Investments—publicly traded securities | $713,906 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,220 |
| Other assets | $939,570 |
| Total assets | $2,198,643 |
| Accounts payable and accrued expenses | $10,481 |
| 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 | $10,481 |
| Net assets without donor restrictions | $1,142,986 |
| Net assets with donor restrictions | $1,045,176 |
| 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 | $2,198,643 |