Bethany Library Association Incorporated
- Assets
- $1.5m
- Revenue
- $459.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Bethany, CT
- Founding
- 11/1951
- Data as of
- 06/2022
- EIN
- 06-6007835
Organization Overview
Bethany Library Association Incorporated is located in Bethany, CT. The organization was established in 1951. 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, Bethany Library Association Incorporated employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Library Association Incorporated 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, Bethany Library Association Incorporated generated $459.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $344.0k during the year ending 06/2022. While expenses have increased by 7.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC LIBRARY SERVING THE TOWN OF BETHANY, CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC LIBRARY SERVING THE TOWN OF BETHANY CONNECTICUT
SUMMER READING ACTIVITIES AND PROGRAMS NOW INCLUDE THE WHOLE FAMILY IN AN ONGOING EFFORT TO PREVENT "SUMMER SLIDE" AMONG CHILDREN AND TEENS. PROGRAMS AND ACTIVITIES APPEAL TO PEOPLE OF ALL AGES AND TO MEET EDUCATIONAL AND RECREATIONAL INTERESTS. ADULT PROGRAMS FOR LIFE LONG LEARNING OPPORTUNITIES, INCLUDING LECTURES, HANDS-ON MAKER PROJECTS, CAREER EXPLORATION, AND COMMUNITY DISCUSSIONS. INDIVIDUAL TECHNOLOGICAL TRAINING IS ALSO PROVIDED. CONTRIBUTIONS FROM LATICRETE GLOBAL INDUSTRIES, COUNTRY COMPANIONS VETERINARY HOSPITAL AND FRIENDS OF THE BETHANY LIBRARY ENABLE FURTHER OUTREACH, ITEM PURCHASES AND PROGRAM OPPORTUNITIES.
CHILDREN'S AND YOUNG ADULT PROGRAMMING ARE A FIXTURE OF OUR SERVICES. WE OFFER EARLY LITERACY PLAY GROUPS, STORY TIMES, READERS' CLUBS AND MANGA-ANIMAE ACTIVITIES FOR CHILDREN FROM 0 THROUGH 18 YEARS OF AGE. FRIENDS OF THE BETHANY LIBRARY CONTRIBUTE TO PROGRAM SUPPLIES AND THE FACILITATOR OF THE MANGA GROUP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Lane Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Turner V Pres | OfficerTrustee | 1 | $0 |
Elizabeth Thornquist President | OfficerTrustee | 1 | $0 |
Gayle Bogel Library Director | Officer | 40 | $0 |
Meghan Gallagher Director | Trustee | 1 | $0 |
John Pellicano Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $322,498 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,903 |
| Total Program Service Revenue | $222 |
| Investment income | $20,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,229 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $459,524 |
| 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 | $124,645 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,349 |
| Payroll taxes | $48,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,329 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,328 |
| Information technology | $14,994 |
| Royalties | $0 |
| Occupancy | $111,042 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,842 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,341 |
| All other expenses | $0 |
| Total functional expenses | $344,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,431 |
| Savings and temporary cash investments | $0 |
| 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 | $740,534 |
| Investments—publicly traded securities | $502,406 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,470,371 |
| Accounts payable and accrued expenses | $11,773 |
| 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 | $11,773 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,458,598 |
| Total liabilities and net assets/fund balances | $1,470,371 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bethany Library Association Incorporated has recieved totaling $137.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $137 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pierpont Morgan Library New York, NY | $416,332,166 | $59,153,120 |
Rochester Public Library Rochester, NY | $13,709,813 | $21,920,405 |
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Ferguson Library Stamford, CT | $21,910,876 | $11,228,846 |
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |
Springfield Museums Corporation Springfield, MA | $83,263,430 | $9,886,411 |
Providence Public Library Providence, RI | $36,987,936 | $6,478,555 |