Hartford Public Library
- Assets
- $35.0m
- Revenue
- $19.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 04/1935
- Data as of
- 06/2022
- EIN
- 06-6026029
Organization Overview
Hartford Public Library is located in Hartford, CT. The organization was established in 1935. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford Public 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 06/2022, Hartford Public Library generated $19.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $13.1m during the year ending 06/2022. While expenses have increased by 2.3% 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
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND SUPPORT LITERACY AND LEARNING; TO PROVIDE FREE AND OPEN ACCESS TO INFORMATION AND IDEAS AND TO HELP PEOPLE PARTICIPATE IN OUR DEMOCRATIC SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Barrett Chair | OfficerTrustee | 1 | $0 |
Ana Alfaro Secretary | OfficerTrustee | 1 | $0 |
Phyllis Shikora Vice Chair | OfficerTrustee | 1 | $0 |
Rick Costello Treasurer | OfficerTrustee | 1 | $0 |
Bridget E Quinn Chief Executive Officer | Officer | 40 | $0 |
Mary Tzambazakis Chief Administrative Offic | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amazon Llc Supplies | 6/29/22 | $180,672 |
Baker & Taylor Llc Collection | 6/29/22 | $148,155 |
Leading Culture Solutions Hr/dei Services | 6/29/22 | $106,205 |
Zysk Bros Landscaping Inc Landscaping Services | 6/29/22 | $124,028 |
Novus Insightinc It Services | 6/29/22 | $142,551 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $63,751 |
| Related organizations | $0 |
| Government grants | $9,647,698 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,790,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,502,195 |
| Total Program Service Revenue | $41,763 |
| Investment income | $313,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $743,652 |
| Net Income from Fundraising Events | $174,924 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,581,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| 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 | $32,019 |
| Fees for services: Accounting | $26,207 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,394 |
| Fees for services: Other | $1,188,294 |
| Advertising and promotion | $29,522 |
| Office expenses | $141,203 |
| Information technology | $185,625 |
| Royalties | $0 |
| Occupancy | $400,552 |
| Travel | $17,077 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,160 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,491,855 |
| Insurance | $1,654,842 |
| All other expenses | $199,351 |
| Total functional expenses | $13,094,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $857,453 |
| 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 | $8,128,540 |
| Investments—publicly traded securities | $26,058,174 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,044,167 |
| 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 | $30,862,846 |
| Net assets with donor restrictions | $4,181,321 |
| 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 | $35,044,167 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hartford Public Library has recieved totaling $105,264.
| Awarding Organization | Amount |
|---|---|
Johnson Fe Trust Uw Article 3rd Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $85,679 |
Edward C And Ann T Roberts Foundation Inc West Hartford, CT PURPOSE: FUNDING TO SUPPORT THREE ARTWALK EXHIBITIONS | $14,000 |
Edward Case Trust Dallas, TX PURPOSE: UNRESTRCITED GENERAL | $4,585 |
Marion W & Walter J Minton Foundation Inc Ponte Vedra Beach, FL PURPOSE: CHARITABLE | $1,000 |
Endowment Analysis
| Beg. Balance | $21,772,906 |
| Earnings | -$2,933,364 |
| Admin Expense | $92,138 |
| Other Expense | $665,767 |
| Ending Balance | $18,081,637 |
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 |