Wheeler School & Library Of North Stonington
- Assets
- $2.2m
- Revenue
- $278.9k
- Investments
- $0.0
- Employees
- 6
- Location
- North Stonington, CT
- Founding
- 12/1919
- Data as of
- 06/2022
- EIN
- 06-0728869
Organization Overview
Wheeler School & Library Of North Stonington is located in North Stonington, CT. The organization was established in 1919. 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, Wheeler School & Library Of North Stonington employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wheeler School & Library Of North Stonington 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, Wheeler School & Library Of North Stonington generated $278.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $250.4k during the year ending 06/2022. While expenses have increased by 5.8% 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
WHEELER LIBRARY SERVES AS THE PRINCIPAL PUBLIC LIBRARY FOR THE RESIDENTS OF NORTH STONINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHEELER LIBRARY SERVES AS THE PRINCIPAL PUBLIC LIBRARY FOR THE RESIDENTS OF NORTH STONINGTON. ANY CONNECTICUT RESIDENT HOLDING A LIBRARY CARD FROM THEIR HOME LIBRARY MAY BORROW MATERIALS FROM WHEELER LIBRARY. IN ADDITION, PATRONS WITH A WHEELER LIBRARY CARD MAY BORROW MATERIALS FROM OTHER CONNECTICUT PUBLIC LIBRARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Parenteau President | OfficerTrustee | 10 | $0 |
Ben Buehler Trustee | Trustee | 3 | $0 |
Ellen Spring Trustee | Trustee | 3 | $0 |
Marietta Anderson Trustee | Trustee | 3 | $0 |
Jonathan Edwards Trustee | Trustee | 3 | $0 |
Ellen Flannery-Schroeder Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,179 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,539 |
| Total Program Service Revenue | $35 |
| Investment income | $47,921 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $700 |
| Net Gain/Loss on Asset Sales | $58,305 |
| Net Income from Fundraising Events | $17,423 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,923 |
| 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. | $50,234 |
| Compensation of current officers, directors, key employees. | $20,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,806 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,165 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $540 |
| Information technology | $13,927 |
| Royalties | $0 |
| Occupancy | $24,503 |
| 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 | $39,166 |
| Insurance | $14,407 |
| All other expenses | $4,589 |
| Total functional expenses | $250,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,531 |
| 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 | $444,977 |
| Investments—publicly traded securities | $1,752,811 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,211,319 |
| 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 | $2,211,319 |
| Net assets with donor restrictions | $0 |
| 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 | $2,211,319 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wheeler School & Library Of North Stonington has recieved totaling $425.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pierpont Morgan Library New York, NY | $416,332,166 | $59,153,120 |
Rochester Public Library Rochester, NY | $13,709,813 | $21,920,405 |
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 |