Pequot Library Association

Organization Overview

Pequot Library Association is located in Southport, CT. The organization was established in 1950. As of 06/2022, Pequot Library Association employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pequot Library Association 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, Pequot Library Association generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 6.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PEQUOT LIBRARY'S MISSION IS TO BRING CULTURE TO LIFE, INCLUDING LITERATURE, ART, SCIENCE AND THE HUMANITIES. THE LIBRARY SERVES A BROAD AND DIVERSE AUDIENCE AND THROUGHOUT THE YEAR OFFERS A CIRCULATING COLLECTION OF BOOKS AND MEDIA, ORGANIZES A CHANGING SCHEDULE OF ART AND HISTORY EXHIBITIONS, PRESENTS NUMEROUS MUSIC PERFORMANCES AND EDUCATION PROGRAMS FOR ALL AGES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PEQUOT LIBRARY (PEQUOT), A PUBLIC ASSOCIATION LIBRARY, IS A 130-YEAR-OLD INSTITUTION WHERE COMMUNITY MEMBERS GATHER IN A THRIVING INTERGENERATIONAL ENVIRONMENT OF CULTURE, EDUCATION, AND INSPIRATION. PEQUOT'S LIBRARY SERVICES AND PROGRAMS FOR PATRONS OF ALL AGES ARE INSPIRED BY ITS RENOWNED SPECIAL COLLECTIONS OF RARE BOOKS, MANUSCRIPTS, AND ARCHIVES. PEQUOT IS HONORED TO SERVE THE COMMUNITY OF FAIRFIELD COUNTY AND BEYOND WITH OPPORTUNITIES AND AMENITIES THAT ARE UNIQUE TO THIS SPECIAL ORGANIZATION.SEE SCHEDULE O FOR CONTINUANCE OF PROGRAM ACCOMPLISHMENTSHISTORIC BUILDINGPEQUOT LIBRARY IS PROUD TO BE THE STEWARD OF A HISTORIC BUILDING DESIGNED BY NOTED AMERICAN ARCHITECT ROBERT H. ROBERTSON, COMMISSIONED BY PEQUOT'S PROMINENT FOUNDER, VIRGINIA MARQUAND MONROE. THE LIBRARY WAS THE PHILANTHROPIC GIFT OF MRS. MONROE TO THE VILLAGE OF SOUTHPORT, WHO HOPED IT WOULD BE A CENTER OF LEARNING AND CULTURE WITH PROGRAMS "AS FREE AS AIR TO ALL."PEQUOT LIBRARY'S HISTORIC BUILDING IS A LATE 19TH-CENTURY ROMANESQUE REVIVAL STONE STRUCTURE FEATURING A TWO-STORY STACKS WING WITH A GLASS FLOOR AND A NEARLY ACOUSTICALLY-PERFECT AUDITORIUM WITH A MODEST 1970S ADDITION AND A GREAT LAWN SUITABLE FOR A VARIETY OF OUTDOOR ACTIVITIES. PEQUOT IS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES AND, IN 2018, RECEIVED THE CONNECTICUT TREASURES AWARD FROM THE AMERICAN INSTITUTE OF ARCHITECTS, CT CHAPTER.LIBRARY SERVICES AND CIRCULATING COLLECTIONPEQUOT LIBRARY CURATES A CIRCULATING COLLECTION OF MORE THAN 94,133 ITEMS WITH BOOKS FOR ADULTS, CHILDREN, AND YOUNG ADULTS, PLUS MEDIA ITEMS, ADDING 1,462 NEW ITEMS IN 2021-2022. PEQUOT CIRCULATED 24,678 ITEMS FROM ITS COLLECTIONS TO THE PUBLIC, WITH 46% OF THOSE ITEMS BEING CHILDREN'S MATERIALS.PUBLIC PROGRAMS AND COMMUNITY OUTREACHIN 2021-2022, PEQUOT LIBRARY OFFERED A TOTAL OF 315 PROGRAMS AND EVENTS TO PATRONS OF ALL AGES, 202 OF THESE PROGRAMS WERE OFFERED IN PERSON WITH THE BALANCE OFFERED VIA ZOOM OR LIVE STREAMED. YEAR-ROUND PROGRAMS INCLUDE AUTHOR TALKS, EXHIBITIONS, MUSICAL AND LIVE PERFORMANCES, WORKSHOPS, BOOK CLUBS, SCHOLARLY PRESENTATIONS, LECTURES, SCHOOL AND UNIVERSITY STUDENT TOURS, WALKING TOURS OF HISTORIC SOUTHPORT, AND NUMEROUS CHILDREN'S LITERACY PROGRAMS. THE LIBRARY ALSO COLLABORATES WITH THE TWO OTHER PUBLIC LIBRARIES IN TOWN, LOCAL SCHOOLS, AND COUNTLESS PEER ORGANIZATIONS IN THE AREA. COMMUNITY PROGRAMS HAVE EXPANDED TO INCLUDE ONLINE EXHIBITIONS AND VIRTUAL AUTHOR TALKS. PEQUOT DESIGNS THESE PROGRAMS AND EXHIBITIONS USING ITS NOTABLE SPECIAL COLLECTIONS OF RARE BOOKS, MANUSCRIPTS, AND ARCHIVES AS INSPIRATION. SPECIAL EVENT FUNDRAISERS INCLUDE USED BOOK SALES, A PARTY INSPIRED BY DERBY DAY, THE SOUTHPORT GARDEN STROLL AND OTHER EVENTS UNIQUE TO PEQUOT LIBRARY LIKE AUTHOR TALKS AND COMMUNITY ART SHOWS. IN 2021-2022, PROGRAM ATTENDANCE TOTALED 12,373; 17,240 PATRONS UTILIZING LIBRARY SERVICES IN PERSON AND WHEN COMBINED WITH WEB USERS VISITING THE LIBRARY'S WEBSITE, PEQUOT SERVED A TOTAL OF 147,921 PATRONS. PEQUOT FURTHER SERVES THE COMMUNITY THROUGH THE BOOKS FOR TEACHERS PROGRAM, SUPPORTED BY GRANT FUNDING FROM THE RENE B. FISHER FOUNDATION. THIS PROGRAM ALLOWED THE LIBRARY TO PROVIDE FREE BOOKS TO 181 TEACHERS IN BRIDGEPORT AND NEW HAVEN WHO SHOPPED AT THE ANNUAL SUMMER BOOK SALE. THE LIBRARY ALSO DONATED BOOKS TO AREA SENIOR CENTERS AND OTHER GROUPS IN NEED OF GENTLY USED BOOKS. SPECIAL COLLECTIONS AND EXHIBITIONSTHE SPECIAL COLLECTIONS OF RARE BOOKS, MANUSCRIPTS, AND ARCHIVES IS PART OF THE ORIGINAL LEGACY OF PEQUOT LIBRARY. VIRGINIA MARQUAND MONROE, IN COLLABORATION WITH HER HUSBAND, ELBERT MONROE, AND HER ADVISOR, REVEREND WILLIAM HOLMAN, CAREFULLY SELECTED AND GIFTED TO THE LIBRARY AN EXTRAORDINARY COLLECTION OF AMERICANA MATERIALS CENTERING AROUND THE FOUNDING OF THE NATION. MARY CATHERINE HULL WAKEMAN, ANOTHER SOUTHPORT PHILANTHROPIST, ALSO FUNDED AND CONTRIBUTED AN INCREDIBLY VALUABLE PORTION OF THE LIBRARY'S ORIGINAL COLLECTION. IN 20212022, PEQUOT LIBRARY'S SPECIAL COLLECTIONS NOW EXCEEDS 30,000 RARE BOOKS, MANUSCRIPTS, AND DOCUMENTS FROM THE 15TH CENTURY AND EARLIER TO PRESENT, THAT HELP ILLUMINATE THE HISTORY OF THE LOCAL AREA AND BEYOND. NEARLY 2,000 OF THE RARE PUBLISHED WORKS AND MANUSCRIPTS ARE CURRENTLY ON LONG-TERM LOAN TO YALE UNIVERSITY'S BEINECKE RARE BOOK AND MANUSCRIPT LIBRARY.CURRENT AND RECENT EXHIBITIONS OF THE SPECIAL COLLECTION HAVE INCLUDED THE LURE OF THE GARDEN: THE ENDURING DESIRE TO WORK AND SHAPE THE LAND; [HER]STORY: WOMEN'S ROLE THROUGH HISTORY ; AND MAGIC, MAYHEM, AND MATURITY: THE GROWTH OF YOUTH FANTASY LITERATURE.


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Board, Officers & Key Employees

Name (title)Compensation
Stephanie J Coakley
Executive Director
$133,498
Nelson North
President
$0
Sean Kelly
President Ex-Officer
$0
R Scott Balkan
Treasurer
$0
Kelly D Laferriere
Assistant Treasurer
$0
Lynne Van Winkle
Trustee Thru 10/21, Sec.
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$54,440
Related organizations$0
Government grants $350,000
All other contributions, gifts, grants, and similar amounts not included above$353,235
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$757,675
Total Program Service Revenue$130,720
Investment income $50,044
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $34,815
Net Gain/Loss on Asset Sales $127,443
Net Income from Fundraising Events $166,716
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,269,008

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Pequot Library Association has recieved totaling $7,858.

Awarding OrganizationAmount
Young Mens Christian Assn Westport

Westport, CT

PURPOSE: The Bedford Family Social Responsibility Fund supports organizations that provide direct or supplemental educational opportunities.

$3,500
The Emily Hall Tremaine Foundation Inc

New Haven, CT

PURPOSE: COMMUNITY PROJECTS - GENERAL OPERATING

$2,000
The Emily Hall Tremaine Foundation Inc

New Haven, CT

PURPOSE: COMMUNITY PROJECTS - GENERAL OPERATING

$1,500
The James And Wendy Agah Family Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$750
Pfizer Foundation Inc

New York, NY

PURPOSE: MATCHING GIFTS

$75
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$33
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,985,348
Earnings-$595,303
Admin Expense$30,833
Net Contributions$250,000
Other Expense$285,000
Ending Balance$3,324,212

Peer Organizations

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