E C Scranton Memorial Library
- Assets
- $18.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 31
- Location
- Madison, CT
- Founding
- 04/1964
- Data as of
- 06/2022
- EIN
- 06-0726490
Organization Overview
E C Scranton Memorial Library is located in Madison, CT. The organization was established in 1964. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2022, E C Scranton Memorial Library employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. E C Scranton 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.
For the year ending 06/2022, E C Scranton Memorial Library generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 6.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FULFILL THE LIFETIME LEARNING, INFORMATION, CULTURAL ENRICHMENT AND ENJOYMENT NEEDS OF MADISON'S ADULTS, TEENS AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE ACHIEVEMENTS OF THE E.C. SCRANTON LIBRARY ARE TO FULFILL THE LIFETIME LEARNING, INFORMATION, CULTURAL ENRICHMENT AND ENJOYMENT NEEDS OF MADISON'S ADULTS, TEENS AND CHILDREN IN A COMFORTABLE AND INVITING COMMUNITY SETTING WITH ASSISTANCE OF KNOWLEDGEABLE AND HELPFUL STAFF AND VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Scarpa Executive Director | Trustee | 40 | $97,943 |
Nicole Wiles President | OfficerTrustee | 1 | $0 |
Keith Luckenbach Vice President | OfficerTrustee | 1 | $0 |
Richard Davis Treasurer | OfficerTrustee | 1 | $0 |
Jessica Mccullough Secretary | OfficerTrustee | 1 | $0 |
Tyler Dennett Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $249,385 |
| Related organizations | $0 |
| Government grants | $1,548,586 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,740 |
| Noncash contributions included in lines 1a–1f | $11,159 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,927,711 |
| Total Program Service Revenue | $2,412 |
| Investment income | $29,514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $216,946 |
| Net Income from Fundraising Events | -$27,474 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,149,109 |
| 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. | $97,943 |
| Compensation of current officers, directors, key employees. | $88,149 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $797,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $226,376 |
| Payroll taxes | $84,705 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,072 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,819 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,447 |
| Interest | $5,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $507,640 |
| Insurance | $25,745 |
| All other expenses | $64,501 |
| Total functional expenses | $2,123,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $562,110 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,616 |
| 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 | $17,616 |
| Net Land, buildings, and equipment | $15,111,130 |
| Investments—publicly traded securities | $2,565,471 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,260,943 |
| Accounts payable and accrued expenses | $309,342 |
| 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 | $127,949 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $437,291 |
| Net assets without donor restrictions | $15,174,960 |
| Net assets with donor restrictions | $2,648,692 |
| 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 | $18,260,943 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that E C Scranton Memorial Library has recieved totaling $239,019.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: GENERAL OPERATING | | $200,000 |
Anthony F Bauer Trust Uw 10-05-89 Winston Salem, NC PURPOSE: GENERAL OPERATING | $15,301 |
Larry W Mccurdy Family Foundation Tr The Villages, FL PURPOSE: TO PROMOTE THE ORGANIZATION'S EXEMPT PURPOSE | $5,000 |
Allan Louis Loeb Foundation Fob Of Wildlife & Domestic Animals Inc Damariscotta, ME PURPOSE: BOOKS & PROGRAMS RELATED TO ANIMALS | $5,000 |
Erwin Bauer Charitable Trust 9525804522 010 Las Vegas, NV PURPOSE: GENERAL SUPPORT | $5,000 |
Lucy Foundation Inc Madison, NJ PURPOSE: GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $3,438,628 |
| Earnings | -$355,368 |
| Other Expense | $434,568 |
| Ending Balance | $2,648,692 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Ferguson Library Stamford, CT | $21,910,876 | $11,228,846 |
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 |