Association Of The Free Library & Reading Rm Rowayton Inc
- Assets
- $706.5k
- Revenue
- $350.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Rowayton, CT
- Founding
- 01/1970
- Data as of
- 06/2023
- EIN
- 06-0736950
Organization Overview
Association Of The Free Library & Reading Rm Rowayton Inc is located in Rowayton, CT. The organization was established in 1970. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2023, Association Of The Free Library & Reading Rm Rowayton Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of The Free Library & Reading Rm Rowayton 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, Association Of The Free Library & Reading Rm Rowayton Inc generated $350.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $312.7k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FREE LIBRARY AND READING ROOM FOR RESIDENTS OF ROWAYTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREE LIBRARY & READING ROOM FOR RESIDENTS OF ROWAYTON. OVER 2,500 REGISTERED BORROWERS. NON-RESIDENTS MAY BORROW BOOKS THROUGH THE BIBLIOMATION CONSORTIUM AND ICONN REQUEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carey Hahn Trustee | Trustee | 1 | $0 |
Sara Ingrassia Trustee | Trustee | 1 | $0 |
David Lane Trustee | Trustee | 1 | $0 |
Christine Love Trustee | Trustee | 1 | $0 |
Bradley Smith Trustee | Trustee | 1 | $0 |
John Ward Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $244,295 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,095 |
| Total Program Service Revenue | $2,888 |
| Investment income | $1,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,025 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,599 |
| 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 | $157,596 |
| Pension plan accruals and contributions | $9,461 |
| Other employee benefits | $5,820 |
| Payroll taxes | $12,481 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $378 |
| Office expenses | $5,111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,122 |
| 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 | $15,866 |
| Insurance | $5,230 |
| All other expenses | $25,339 |
| Total functional expenses | $312,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,780 |
| Savings and temporary cash investments | $171,755 |
| 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 | $9,165 |
| Net Land, buildings, and equipment | $300,443 |
| Investments—publicly traded securities | $32,391 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $706,534 |
| Accounts payable and accrued expenses | $2,352 |
| 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 | $8,119 |
| Total liabilities | $10,471 |
| Net assets without donor restrictions | $696,063 |
| 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 | $706,534 |