Farmington Village Green And Library Assoc
- Assets
- $13.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 58
- Location
- Farmington, CT
- Founding
- 11/1941
- Data as of
- 06/2023
- EIN
- 06-0676855
Organization Overview
Farmington Village Green And Library Assoc is located in Farmington, CT. The organization was established in 1941. As of 06/2023, Farmington Village Green And Library Assoc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmington Village Green And Library Assoc 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, Farmington Village Green And Library Assoc generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.4m during the year ending 06/2023. While expenses have increased by 0.7% 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
THE MISSION OF THE FARMINGTON VILLAGE GREEN & LIBRARY ASSOCIATION IS TO ENHANCE THE QUALITY OF LIFE AND PRESERVE THE CULTURAL HISTORY OF FARMINGTON THROUGH THE FINANCIAL SUPPORT AND OPERATION OF THE FARMINGTON AND BARNEY LIBRARIES, STANLEY-WHITMAN HOUSE MUSEUM, THE VILLAGE GREEN, AND MEMENTO MORI CEMETERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FARMINGTON LIBRARY IS A COMFORTABLE, DYNAMIC ENVIRONMENT WHERE CURRENT TECHNOLOGY, FRIENDLY, PROFESSIONAL SERVICE, EQUAL ACCESS TO A WIDE VARIETY OF MATERIALS, AND CULTURAL, EDUCATIONAL AND RECREATIONAL PROGRAMS ENCOURAGE THE EXCHANGE OF IDEAS, KINDLE THE PLEASURE OF READING AND LIFE-LONG LEARNING, PRESERVE THE MEMORIES AND HISTORY OF FARMINGTON AND ITS NEIGHBORS, AND FOSTER COMMUNITY SPIRIT.
STANLEY-WHITMAN HOUSE IS A LIVING HISTORY CENTER AND MUSEUM THAT TEACHES THROUGH THE COLLECTION, PRESERVATION, RESEARCH, AND DYNAMIC INTERPRETATION OF THE HISTORY AND CULTURE OF EARLY FARMINGTON. PROGRAMS, EVENTS, CLASSES, AND EXHIBITS ENCOURAGE VISITORS OF ALL AGES TO IMMERSE THEMSELVES IN HISTORY BY DOING, ACTING, QUESTIONING, AND ENGAGING IN COLONIAL LIFE AND THE IDEAS THAT FORMED THE FOUNDATION OF THAT CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Roberts Chairperson | OfficerTrustee | 5 | $0 |
Michael Schloss President | OfficerTrustee | 5 | $0 |
Steve Tillona Treasurer | OfficerTrustee | 8 | $0 |
Linda Chapron Secretary | OfficerTrustee | 5 | $0 |
Ida Franklin Trustee | Trustee | 1 | $0 |
Lisa Warner Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,837,235 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,071,874 |
| Total Program Service Revenue | $124,333 |
| Investment income | $126,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,323 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,317,889 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,490,573 |
| Pension plan accruals and contributions | $250,706 |
| Other employee benefits | $269,857 |
| Payroll taxes | $107,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,216 |
| Fees for services: Other | $360 |
| Advertising and promotion | $0 |
| Office expenses | $44,792 |
| Information technology | $28,432 |
| Royalties | $0 |
| Occupancy | $271,428 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,314 |
| Interest | $824 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $358,576 |
| Insurance | $57,814 |
| All other expenses | $79,103 |
| Total functional expenses | $3,440,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,814 |
| Savings and temporary cash investments | $241,416 |
| Pledges and grants receivable | $3,797 |
| 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 | $22,175 |
| Net Land, buildings, and equipment | $6,550,491 |
| Investments—publicly traded securities | $6,562,445 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,539 |
| Total assets | $13,559,677 |
| Accounts payable and accrued expenses | $71,391 |
| Grants payable | $0 |
| Deferred revenue | $36,592 |
| 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 | $56,229 |
| Other liabilities | $24,603 |
| Total liabilities | $188,815 |
| Net assets without donor restrictions | $12,763,996 |
| Net assets with donor restrictions | $606,866 |
| 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 | $13,559,677 |