Stratford Library Association

Organization Overview

Stratford Library Association is located in Stratford, CT. The organization was established in 1943. 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, Stratford Library Association employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stratford Library Association 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, Stratford Library Association generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 7.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LIBRARY SERVICES TO THE GENERAL PUBLIC IN THE STRATFORD COMMUNITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

LIBRARY SERVICE TO THE GENERAL PUBLIC: 46,690 REGISTERED CARDHOLDERS 2,061 PROGRAMS OFFERED IN FY 22272,972 ITEMS BORROWED IN FY 22


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Board, Officers & Key Employees

Name (title)Compensation
Sheri Szymanski
Library Director
$96,514
Michael Aloi
President
$0
Deborah Perman
Secretary
$0
Donald Putrimas
Treasurer
$0
Joel Pleban
Assistant Treasurer
$0
Robyn D Proto
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,465,942
All other contributions, gifts, grants, and similar amounts not included above$277,149
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,743,091
Total Program Service Revenue$25,474
Investment income $63,430
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $94,114
Net Income from Fundraising Events $23,687
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,949,796

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Stratford Library Association has recieved totaling $2,500.

Awarding OrganizationAmount
Newmans Own Foundation

Westport, CT

PURPOSE: GENERAL OPERATIONS

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,785,302
Earnings-$371,210
Admin Expense$27,739
Other Expense$98,003
Ending Balance$2,288,350

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