Ridgefield Library Association Inc
- Assets
- $22.9m
- Revenue
- $3.4m
- Investments
- $1.8m
- Employees
- 47
- Location
- Ridgefield, CT
- Founding
- 09/1943
- Data as of
- 06/2022
- EIN
- 06-0692378
Organization Overview
Ridgefield Library Association Inc is located in Ridgefield, CT. The organization was established in 1943. As of 06/2022, Ridgefield Library Association Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgefield Library Association 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 06/2022, Ridgefield Library Association Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RIDGEFIELD LIBRARY IS A PUBLIC LIBRARY, INCORPORATED IN 1901 AS A PRIVATE 501(C)3 NONPROFIT ORGANIZATION AND GOVERNED BY A SIXTEEN MEMBER BOARD OF DIRECTORS. THE LIBRARY SERVES AS A CULTURAL AND INTELLECTUAL CENTER AND A COMMUNITY GATHERING PLACE FOR EVERYONE IN THE COMMUNITY. WITH A COLLECTION OF 75,255 ITEMS IT PROVIDES FREE ACCESS TO INFORMATION AND TECHNOLOGY AS WELL AS PROGRAMMING FOR ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF FREE PUBLIC LIBRARY SERVING THE TOWN OF RIDGEFIELD WITH A POPULATION OF 25,033.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marge Davidson Director | Trustee | 5 | $0 |
Danielle Mcgrogan Director | Trustee | 5 | $0 |
Jeet Sandhu MD Director | Trustee | 5 | $0 |
David B Smith Director | Trustee | 5 | $0 |
William H Magill Director | Trustee | 5 | $0 |
Paul Mellinger Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,195,466 |
| All other contributions, gifts, grants, and similar amounts not included above | $878,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,074,293 |
| Total Program Service Revenue | $57,385 |
| Investment income | $117,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $169,704 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,418,697 |
| 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 | $1,620,425 |
| Pension plan accruals and contributions | $112,440 |
| Other employee benefits | $252,697 |
| Payroll taxes | $122,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,849 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,060 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $28,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $507,293 |
| Insurance | $37,171 |
| All other expenses | $273,922 |
| Total functional expenses | $3,586,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,717 |
| Savings and temporary cash investments | $52,223 |
| Pledges and grants receivable | $45,483 |
| 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 | $32,905 |
| Net Land, buildings, and equipment | $17,085,328 |
| Investments—publicly traded securities | $3,718,890 |
| Investments—other securities | $1,819,045 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,924,591 |
| Accounts payable and accrued expenses | $334,508 |
| 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 | $1,131,838 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,688 |
| Total liabilities | $1,476,034 |
| Net assets without donor restrictions | $19,419,166 |
| Net assets with donor restrictions | $2,029,391 |
| 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 | $22,924,591 |