Wood Memorial Library Trust
- Assets
- $941.6k
- Revenue
- $175.2k
- Investments
- $817.6k
- Employees
- 0
- Location
- East Windsor Hill, CT
- Founding
- 04/2019
- Data as of
- 09/2023
- EIN
- 06-6167846
Organization Overview
Wood Memorial Library Trust is located in East Windsor Hill, CT. The organization was established in 2019. 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. Wood Memorial Library Trust 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 09/2023, Wood Memorial Library Trust generated $175.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $104.3k during the year ending 09/2023. While expenses have increased by 17.0% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CARE FOR AND MAINTAIN THE WOOD MEMORIAL LIBRARY BUILDING
TO PROVIDE FOR THE ACCOMODATION OF A FREE PUBLIC LIBRARY
TO PROVIDE LECTURES, MUSICAL, LITERY, SOCIAL AND OTHER ENTERTAINMENT, EXHIBITIONS, AND A PLACE OF MEETING OR GENERAL COMMUNITY PURPOSES
TO UNDERTAKE AND EXECUTE THE TRUST ESTABLISHED TO SUPPORT AND PRESERVE THE WOOD MEMORIAL LIBRARY
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $154,215 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,221 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,224 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $175,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,345 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $13 |
| Taxes | $1,414 |
| Depreciation | $139 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $205 |
| Other expenses | $76,014 |
| Total operating and administrative expenses | $104,313 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $104,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,489 |
| Savings and temporary cash investments | $71,061 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $28,441 |
| Other assets | $0 |
| Total assets | $941,569 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |