Tolland Public Library Foundation Inc
- Assets
- $1.4m
- Revenue
- $95.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Tolland, CT
- Founding
- 12/1996
- Data as of
- 12/2022
- EIN
- 06-1458204
Organization Overview
Tolland Public Library Foundation Inc is located in Tolland, CT. The organization was established in 1996. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tolland Public Library Foundation 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 12/2022, Tolland Public Library Foundation Inc generated $95.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $40.9k during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 6 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
PROVIDE GRANTS / FUNDS TO TOLLAND PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS PART OF NATIONAL LIBRARY WEEK, THE FOUNDATION RECOGNIZED AND THANKED THE LIBRARY STAFF, WHO CONTINUE TO BE OUTSTANDING IN SUPPORTING TOLLAND RESIDENTS. MAINTAINED THE FOUNDATIONS WEBSITE WITH THE CONTINUED ABILITY TO MAKE DONATIONS ONLINE, UPDATED CURRENT CONTENT, AND IMPROVED EFFICIENCY OF SOCIAL MEDIA POSTING. CONTINUED TO STAY UP-TO-DATE AND VIRUS-FREE WITH OUR WEBSITE SOFTWARE.CONTINUED EFFORTS TO INCREASE AWARENESS OF THE FOUNDATION AND THE MATERIAL AND PROGRAMMING IT PROVIDES TO THE LIBRARY. THE FOUNDATION WEBSITE (WWW.TOLLANDPUBLIC LIBRARYFOUNDATION.ORG) AND OUR FACEBOOK PAGE ARE CURRENTLY USED FOR THIS PURPOSE. THE FOUNDATION PARTICIPATED IN THE RECENT CELEBRATE TOLLAND EVENT AND HELD A KINDLE DRAWING FOR THE PUBLIC MAINTAINED OUR DATABASE OF FOUNDATION DONORS. THE BOARD CONTINUED PUBLICITY TO RAISE AWARENESS OF THE FOUNDATION AS A UNITED WAY DESIGNATED RECIPIENT AND OTHER THIRD-PARTY DONORS
FUNDED PURCHASE OF A WALL-MOUNTED MEDIA DISPLAY SYSTEM FOR THE CHILDRENS PROGRAM ROOM. THIS EQUIPMENT IS A SIGNIFICANT ADDITION TO THE ROOM AND MAKES IT MORE VERSATILE. IT ALLOWS PUBLIC SCREENINGS OF CHILDRENS MOVIES USING THE LIBRARYS EXISTING MOVIE LICENSING SERVICE
CONTINUE TO PROVIDE SIGNIFICANT ADDITIONAL FUNDING FOR HOOPLA, A POPULAR STREAMING SERVICE FOR E-BOOKS AND OTHER DIGITAL MATERIAL AVAILABLE TO ALL LIBRARY PATRONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Farrish Secretary | Officer | 2 | $0 |
Dani Titterton Vice President | Officer | 2 | $0 |
Linda Byam President | Officer | 2 | $0 |
Jan Rubino Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,523 |
| Total Program Service Revenue | $0 |
| Investment income | $31,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $526 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,531 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,140 |
| Fees for services: Other | $0 |
| Advertising and promotion | $701 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,416 |
| All other expenses | $0 |
| Total functional expenses | $40,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,066 |
| Savings and temporary cash investments | $10,743 |
| 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 | $0 |
| Investments—publicly traded securities | $1,336,841 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,414,650 |
| 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 | $137,792 |
| Net assets with donor restrictions | $1,276,858 |
| 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 | $1,414,650 |