Hampton Library In Bridgehampton Inc
- Assets
- $10.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Bridgehampton, NY
- Founding
- 09/1943
- Data as of
- 12/2023
- EIN
- 11-2007389
Organization Overview
Hampton Library In Bridgehampton Inc is located in Bridgehampton, NY. The organization was established in 1943. As of 12/2023, Hampton Library In Bridgehampton Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hampton Library In Bridgehampton 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 12/2023, Hampton Library In Bridgehampton Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIBRARY SERVICES TO THE RESIDENTS OF THE BRIDGEHAMPTON AND SAGAPONACK SCHOOL DISTRICTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LIBRARY SERVICES TO THE RESIDENTS OF THE BRIDGEHAMPTON AND SAGAPONACK SCHOOL DISTRICTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom White President | OfficerTrustee | 10 | $0 |
Sarah Stenn Vice Preside | OfficerTrustee | 10 | $0 |
Louise Collins Treasurer | OfficerTrustee | 10 | $0 |
Stephen Kotz Secretary | OfficerTrustee | 10 | $0 |
John Vendetti Trustee | Trustee | 5 | $0 |
Debora Oppenheimer Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,665,034 |
| All other contributions, gifts, grants, and similar amounts not included above | $425,591 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,090,625 |
| Total Program Service Revenue | $1,869 |
| Investment income | $106,318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$38 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,198,774 |
| 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 | $714,635 |
| Pension plan accruals and contributions | $48,746 |
| Other employee benefits | $135,552 |
| Payroll taxes | $61,004 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,253 |
| Fees for services: Accounting | $15,174 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,752 |
| Office expenses | $26,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,956 |
| Travel | $513 |
| 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 | $232,071 |
| Insurance | $24,630 |
| All other expenses | $98,692 |
| Total functional expenses | $1,783,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,044,877 |
| Savings and temporary cash investments | $560,617 |
| 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 | $37,547 |
| Net Land, buildings, and equipment | $6,082,463 |
| Investments—publicly traded securities | $2,311,973 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,037,477 |
| Accounts payable and accrued expenses | $16,452 |
| 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 | $11,320 |
| Total liabilities | $27,772 |
| Net assets without donor restrictions | $9,984,655 |
| Net assets with donor restrictions | $25,050 |
| 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 | $10,037,477 |