Mark Twain Library Assn Inc
- Assets
- $5.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 38
- Location
- Redding, CT
- Founding
- 08/1946
- Data as of
- 05/2021
- EIN
- 06-0776655
Organization Overview
Mark Twain Library Assn Inc is located in Redding, CT. The organization was established in 1946. As of 05/2021, Mark Twain Library Assn Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mark Twain Library Assn 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 05/2021, Mark Twain Library Assn Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.0m during the year ending 05/2021. While expenses have increased by 3.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BOOKS AND OTHER SERVICES FOR THE EDUCATION AND ENJOYMENT OF THR GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIRCULATION OF BOOKS, PERIODICALS AND VIDEOS AND PROVIDING SPECIAL PROGRAMS SUCH AS SPEAKERS AND DISCUSSION GROUPS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Dominianni Library Director | Officer | 40 | $93,645 |
Michael Shinall Vice President & Director | OfficerTrustee | 6 | $0 |
Melissa Wright Secretary & Director | OfficerTrustee | 6 | $0 |
Eric Rubury President & Director | OfficerTrustee | 6 | $0 |
Betsy Higgins Treasurer & Director | OfficerTrustee | 6 | $0 |
Joan Beutler Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,155,972 |
| Investment income | $83,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,050 |
| Net Gain/Loss on Asset Sales | $12,891 |
| Net Income from Fundraising Events | $87,084 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,361,121 |
| Statement of Expenses | |
|---|---|
| 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. | $93,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $427,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,791 |
| Payroll taxes | $39,321 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,618 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,879 |
| Information technology | $32,691 |
| Royalties | $0 |
| Occupancy | $125,399 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,958 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,814 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,013,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $579,812 |
| 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 | $17,893 |
| Investments—publicly traded securities | $3,149,395 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,521,766 |
| Accounts payable and accrued expenses | $32,657 |
| 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 | $2,900 |
| Total liabilities | $35,557 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $5,486,209 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Mark Twain Library Assn Inc has recieved totaling $52,300.
| Awarding Organization | Amount |
|---|---|
Robey Charitable Trust Redding, CT PURPOSE: TUITION SUPPORT | $11,000 |
Jane T Muhlethaler Foundation Inc Southport, CT PURPOSE: OPERATIONS | $8,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,800 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $7,500 |
The Kestrel Foundation Florham Park, NJ PURPOSE: GENERAL UNRESTRICTED | $5,000 |
Robert J Bauer Family Foundation Cranford, NJ PURPOSE: UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $2,382,090 |
| Earnings | $477,048 |
| Net Contributions | $290,258 |
| Ending Balance | $3,149,396 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hartford Public Library Hartford, CT | $35,044,167 | $19,581,056 |
Great Neck Library Great Neck, NY | $34,961,861 | $11,637,861 |
Westport Library Assoc Westport, CT | $27,522,269 | $7,094,016 |
Oceanside Library Oceanside, NY | $46,476,817 | $6,978,242 |
Darien Library Inc Darien, CT | $29,008,924 | $5,931,772 |
Connetquot Public Library Bohemia, NY | $10,940,573 | $6,656,257 |
Crandall Library Glens Falls, NY | $18,989,283 | $4,650,669 |
Bryant Library Roslyn, NY | $10,311,911 | $5,190,176 |
Port Jefferson Free Library Port Jefferson, NY | $14,577,531 | $4,685,963 |
Riverhead Free Library Riverhead, NY | $9,623,554 | $4,087,006 |
Wilton Library Association Incorporated Wilton, CT | $11,356,788 | $3,701,367 |
Wallingford Public Library Assoc Wallingford, CT | $3,324,792 | $3,497,111 |