Library Assoc Of Warehouse Pt Inc
- Assets
- $2.3m
- Revenue
- $444.9k
- Investments
- $1.7m
- Employees
- 0
- Location
- East Windsor, CT
- Founding
- 10/1988
- Data as of
- 06/2023
- EIN
- 06-0719521
Organization Overview
Library Assoc Of Warehouse Pt Inc is located in East Windsor, CT. The organization was established in 1988. 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. Library Assoc Of Warehouse Pt 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 06/2023, Library Assoc Of Warehouse Pt Inc generated $444.9k 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 $495.0k during the year ending 06/2023. While expenses have increased by 2.7% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY SERVICES - INCLUDES CIRCULATION OF 36,000 ITEMS;REGISTERED BORROWERS OF APPROXIMATELY 2,000; ESTIMATED VISITS OF 13,000 AND CURBSIDE PICKUPS; 41,000 ITEMS IN COLLECTION (PRINT AND NON-PRINT), 140 CHILDREN AND ADULT PROGRAMS OFFERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elyse Spielberg President | 0 | $0 | |
Richard Ross Treasurer | 0 | $0 | |
Karen Wilson Secretary/vi | 0 | $0 | |
David Pitney Trustee | 0 | $0 | |
Cheryl Ward Trustee | 0 | $0 | |
Erin Horanzy Executive Di | 0 | $45,769 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $335,812 |
| Interest on Savings | $145 |
| Dividends & Interest | $37,819 |
| Net Rental Income | $37,001 |
| Net Gain on Sale of Assets | -$11,912 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,845 |
| Total Revenue | $444,921 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,769 |
| Other employee salaries and wages | $179,297 |
| Pension plans, employee benefits | $22,753 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $31,463 |
| Occupancy | $70,682 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $113,746 |
| Total operating and administrative expenses | $495,007 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $495,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,966 |
| Savings and temporary cash investments | $233,226 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $25,630 |
| Investments—mortgage loans | $0 |
| Investments—other | $680,160 |
| Net Land, buildings, and equipment | $283,243 |
| Other assets | $3,042 |
| Total assets | $2,270,214 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,350 |
| Total liabilities | $4,350 |