Cyrenius H Booth Library
- Assets
- $5.0m
- Revenue
- $1.9m
- Investments
- $1.8m
- Employees
- 44
- Location
- Newtown, CT
- Founding
- 02/1963
- Data as of
- 06/2024
- EIN
- 06-6002263
Organization Overview
Cyrenius H Booth Library is located in Newtown, CT. The organization was established in 1963. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2024, Cyrenius H Booth Library employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cyrenius H Booth Library 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 06/2024, Cyrenius H Booth Library generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.9m during the year ending 06/2024. While expenses have increased by 2.7% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE JOY OF LIFELONG LEARNING, STIMULATE CURIOSITY, SUPPORT THE EXCHANGE OF IDEAS, AND PROVIDE A WEL- COMING GATHERING PLACE FOR OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY OPERATIONS AND PROGRAMS FOR THE PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Lord Library Director (thru 2/2024) | Officer | 40 | $97,424 |
Jennifer Nash Library Director (beg 2/2024) | Officer | 40 | $77,797 |
Keith Alexander Thru 1223 Trustee | Trustee | 1 | $0 |
Elaine Corbo President | OfficerTrustee | 2 | $0 |
Amy Dent Trustee | Trustee | 1 | $0 |
David Schill Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,100 |
| Related organizations | $0 |
| Government grants | $1,563,388 |
| All other contributions, gifts, grants, and similar amounts not included above | $236,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,832,868 |
| Total Program Service Revenue | $8,063 |
| Investment income | $72,884 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,441 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,947,947 |
| 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. | $227,707 |
| Compensation of current officers, directors, key employees. | $163,007 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $768,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $154,384 |
| Payroll taxes | $69,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25,697 |
| Information technology | $35,769 |
| Royalties | $0 |
| Occupancy | $62,154 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $620 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,267 |
| Insurance | $0 |
| All other expenses | $143,028 |
| Total functional expenses | $1,936,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,981 |
| Savings and temporary cash investments | $508,764 |
| Pledges and grants receivable | $48,726 |
| 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 | $22,777 |
| Net Land, buildings, and equipment | $2,484,982 |
| Investments—publicly traded securities | $15,576 |
| Investments—other securities | $1,838,389 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,026,195 |
| Accounts payable and accrued expenses | $117,578 |
| 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 | $117,578 |
| Net assets without donor restrictions | $2,943,677 |
| Net assets with donor restrictions | $1,964,940 |
| 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 | $5,026,195 |