Cragin Memorial Library
- Assets
- $390.1k
- Revenue
- -$14.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Colchester, CT
- Founding
- 07/1943
- Data as of
- 06/2022
- EIN
- 06-0689697
Organization Overview
Cragin Memorial Library is located in Colchester, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cragin Memorial Library is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CRAGIN MEMORIAL LIBRARY BOARD OF TRUSTEES ASSISTS IN MAKING ALL LIBRARY MATERIALS (BOOKS, PERIODICALS, REFERENCE BOOKS, VIDEOS, ELECTRONIC SERVICES) AVAILABLE TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRAGIN MEMORIAL LIBRARY BOARD OF TRUSTEES ASSISTS IN MAKING ALL LIBRARY MATERIALS (BOOKS, PERIODICALS, REFERENCE BOOKS, VIDEOS, ELECTRONIC SERVICES) AVAILABLE TO THE PUBLIC.
CRAGIN MEMORIAL LIBRARY BOARD OF TRUSTEES ASSITS IN MAKING ALL LIBRARY MATERIALS (BOOKS, PERIODICALS, REFERENCE BOOKS, VIDEOS, ELECTRONIC SERVICES) AVAILABLE TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Goldstein Chairman | Officer | 2 | $0 |
Danielle Pensa Secretary | Officer | 2 | $0 |
Cindy Praisner Treasurer | Officer | 2 | $0 |
Andreas Bisbikos Trustee | Trustee | 1 | $0 |
Julianna W Cameron Trustee | Trustee | 1 | $0 |
Edwin Cragin Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,347 |
| Total Program Service Revenue | $0 |
| Investment income | $8,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$26,952 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$14,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,122 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,473 |
| Fees for services: Other | $156 |
| Advertising and promotion | $0 |
| Office expenses | $155 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,178 |
| All other expenses | $0 |
| Total functional expenses | $15,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $842 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $389,255 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $390,097 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $351,908 |
| Net assets with donor restrictions | $38,189 |
| 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 | $390,097 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cragin Memorial Library has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
John Fitzgerald Kennedy Library Foundation Incorporated Boston, MA | $64,242,661 | $9,493,249 |
Providence Community Library Providence, RI | $3,536,568 | $6,105,940 |
Emma S Clark Memorial Library Association Setauket, NY | $12,307,300 | $6,439,716 |
Proprietors Of The Social Law Library Boston, MA | $11,132,474 | $6,079,847 |
New City Library New City, NY | $17,574,056 | $6,151,626 |