Wilton Library Association Incorporated is located in Wilton, CT. The organization was established in 1943. As of 06/2023, Wilton Library Association Incorporated employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilton Library Association Incorporated 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, Wilton Library Association Incorporated generated $4.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $3.9m during the year ending 06/2023. While expenses have increased by 0.8% 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
WE ARE THE CULTURAL AND INTELLECTUAL CENTER OF WILTON. WE INFORM, ENRICH, CONNECT, AND INSPIRE OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WILTON LIBRARY ("LIBRARY") HAS SERVED AS THE PRINCIPAL PUBLIC LIBRARY FOR THE TOWN SINCE 1895. THE LIBRARY AND ITS CONTENTS ARE OWNED BY THE WILTON LIBRARY ASSOCIATION, INC., WHICH IS GOVERNED BY A BOARD OF TRUSTEES OF 24 MEMBERS. EIGHTEEN OF THE TRUSTEES ARE ELECTED DIRECTLY BY THE MEMBERS OF THE ASSOCIATION AND SIX ARE APPOINTED BY THE BOARD OF SELECTMEN PRIOR TO THEIR ELECTION BY ASSOCIATION MEMBERS. SINCE 1919, THE LIBRARY HAS RECEIVED PARTIAL FUNDING FROM THE TOWN. CURRENTLY APPROXIMATELY 75% OF THE ANNUAL BUDGET IS FUNDED BY AN APPROPRIATION FROM THE TOWN'S GENERAL FUND. THE BOARD CARRIES OUT AN ANNUAL APPEAL CAMPAIGN FOR THE PURCHASE OF ALL LIBRARY COLLECTION MATERIALS. THE REMAINDER OF OPERATING COSTS AND SOME MAJOR CAPITAL EXPENDITURES ARE FUNDED BY THE ASSOCIATION THROUGH FUND RAISING EVENTS, SPONSORSHIPS, GRANTS AND FEES. NINETY PERCENT OF THE CONSTRUCTION COST OF THE LIBRARY BUILDING, IN 1973, CAME FROM PRIVATE DONATIONS. THE BALANCE WAS PAID FOR WITH FEDERAL REVENUE SHARING FUNDS. IN RESPONSE TO GROWING USE OF ITS FACILITY AND SERVICES, THE LIBRARY COMPLETED AN $11.4 MILLION EXPANSION AND RENOVATION IN MARCH 2006. FUNDING FOR THE PROJECT INCLUDED $4.8 MILLION FROM BONDING AUTHORIZED BY THE TOWN MEETING IN MAY 2003. ADDITIONAL FUNDS CAME FROM THE STATE OF CONNECTICUT IN THE AMOUNT OF $500,000, PRIVATE DONATIONS IN THE AMOUNT OF $6.1 MILLION, AND PLEDGE PAYMENTS OF $6,065,400 NOT INCLUDING THE GRANT. A PURCHASE OF ADJACENT PROPERTY IN 1996 ENABLED THE EXPANSION TO BE LOGISTICALLY FEASIBLE. IT WAS FINANCED WITH $305,000 OF TOWN BONDS. THE LIBRARY HAS REIMBURSED THE TOWN FOR THIS DEBT SERVICE. THE LIBRARY IS LOCATED IN THE HEART OF WILTON CENTER. CURRENTLY, 647,385 PRINT AND AUDIOVISUAL RESOURCES, ELECTRONIC DATABASES, PRINT AND ONLINE MAGAZINES, NEWSPAPERS, DVDS, VIDEOS, MUSIC CDS, PUZZLES AND OTHER ITEMS COMPRISE ITS LENDING COLLECTIONS. ADDITIONALLY, THE LIBRARY OFFERS A COLLECTION OF DOWNLOADABLE E-BOOKS, AUDIOBOOKS, MAGAZINES, TUTORIALS, STREAMING MUSIC, AND STREAMING MOVIES. THE LIBRARY WAS VISITED BY 187,080 PEOPLE TO USE MATERIALS AND COMPUTERS OR ATTEND PROGRAMS FROM JULY 2022 THROUGH JUNE 2023. OVER THE SAME PERIOD, THERE WERE 64,837 VISITS TO THE LIBRARY'S WEBSITE, WHICH INCLUDED LOCATING, RESERVING, AND RENEWING ITEMS, DOWNLOADING AND STREAMING MUSIC AND LITERATURE, USING ELECTRONIC DATABASES AND OTHER ELECTRONIC RESOURCES, AND INTERACTING WITH ITS REFERENCE STAFF. THERE WERE 802 PROGRAMS ATTENDED BY 23,554 ADULTS, TEENS, AND CHILDREN. THESE PROGRAMS INCLUDED CONCERTS, LECTURES, TRAINING PROGRAMS, LITERARY DISCUSSIONS, STORY TIMES IN-PERSON, AS WELL AS VIA ZOOM AND YOUTUBE LIVE. PATRONS ALSO ATTENDED MAKERS' WORKSHOPS IN THE INNOVATION STATION WHICH OFFERED 3D PRINTING, ROBOTICS, AND OTHER STEAM RELATED INITIATIVES. IN FEBRUARY 2023, WILTON LIBRARY ANNOUNCED THE RELEASE OF ITS STRATEGIC PLAN FOR 2023-2026. THE STRATEGIC PLAN IS A ROAD MAP FOR THE LIBRARY'S FUTURE, HIGHLIGHTING THE LIBRARY'S CORE PURPOSE, MISSION, AND VISION, WITH FOCUS ON PROGRESS AND WORKING TO SUCCESSFULLY MEET THE DIVERSE NEEDS OF THE EVOLVING WILTON COMMUNITY.THE STRATEGIC PLANNING PROCESS, CONDUCTED WITH CONSULTING FIRM PLAN A ADVISORS, TOOK SIX MONTHS AND INVOLVED DEMOGRAPHIC AND STATISTICAL RESEARCH, 22 CONFIDENTIAL INTERVIEWS AND FOUR FOCUS GROUPS. THE ENTIRE LIBRARY STAFF AND BOARD OF TRUSTEES COLLABORATED TO CREATE FOUR KEY GOALS THAT WILL GUIDE THE LIBRARY'S WORK OVER THE NEXT THREE YEARS: WILTON'S CENTER POSITION THE LIBRARY AT THE CENTER OF WILTON AT A TIME OF GROWTH AND CHANGE; CORE CONSTITUENTS MEET THE EVOLVING NEEDS OF WILTON RESIDENTS AT EVERY LIFE STAGE; THE BRUBECK COLLECTION ACTIVATE THE BRUBECK COLLECTION AS A MARQUEE ASSET AND POINT OF PRIDE FOR WILTON; OUR CAPABILITIES ENSURE THE LIBRARY'S STRONG FUTURE AND ITS CAPACITY TO SERVE SUCCESSIVE GENERATIONS EFFECTIVELY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carol Johnson President | OfficerTrustee | 1 | $0 |
Marty Avallone Vice President | OfficerTrustee | 1 | $0 |
Mike Boswood Treasurer | OfficerTrustee | 1 | $0 |
Betsy Huffman Secretary | OfficerTrustee | 1 | $0 |
Lianne Griswold Acosta-Rua Trustee | Trustee | 1 | $0 |
Roberto DE Feo Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $200,420 |
Related organizations | $0 |
Government grants | $2,903,922 |
All other contributions, gifts, grants, and similar amounts not included above | $713,737 |
Noncash contributions included in lines 1a–1f | $6,741 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,818,079 |
Total Program Service Revenue | $25,343 |
Investment income | $82,955 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $28,841 |
Net Gain/Loss on Asset Sales | -$64,721 |
Net Income from Fundraising Events | -$50,857 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $125,827 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,972,452 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,250 |
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. | $176,807 |
Compensation of current officers, directors, key employees. | $53,042 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,701,805 |
Pension plan accruals and contributions | $115,629 |
Other employee benefits | $393,690 |
Payroll taxes | $159,199 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $21,650 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $12,360 |
Fees for services: Other | $150,002 |
Advertising and promotion | $0 |
Office expenses | $114,640 |
Information technology | $144,300 |
Royalties | $0 |
Occupancy | $160,959 |
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 | $587,735 |
Insurance | $26,593 |
All other expenses | $8,129 |
Total functional expenses | $3,921,468 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $459,410 |
Savings and temporary cash investments | $451,838 |
Pledges and grants receivable | $2,000 |
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 | $34,364 |
Net Land, buildings, and equipment | $7,585,884 |
Investments—publicly traded securities | $2,962,798 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $11,496,294 |
Accounts payable and accrued expenses | $44,619 |
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 | $44,619 |
Net assets without donor restrictions | $9,805,999 |
Net assets with donor restrictions | $1,645,676 |
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 | $11,496,294 |