Friends Of Stowe Free Library
- Assets
- $230.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Stowe, VT
- Founding
- 10/2006
- Data as of
- 06/2022
- EIN
- 20-5452898
Organization Overview
Friends Of Stowe Free Library is located in Stowe, VT. The organization was established in 2006. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Friends Of Stowe Free 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, Friends Of Stowe Free Library generated $36.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.7%) each year. All expenses for the organization totaled $13.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DEVELOP HUMAN AND FINANCIAL RESOURCES, SPONSOR ACTIVITIES AND PROGRAMS, AND PROMOTE KNOWLEDGE OF LIBRARY RESOURCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise Thompson Director | 1 | $0 | |
Constance Carrino Secretary | 1 | $0 | |
Carol Stevens Treasurer | 1 | $0 | |
Barbara Bauman Director | 1 | $0 | |
Penny Mcgaughy Director | 1 | $0 | |
Peg Lackey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,237 |
| Total Program Service Revenue | $15,546 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $36,784 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,200 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,421 |
| Other expenses | $3,400 |
| Total expenses | $13,414 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $230,225 |
| Other assets | $0 |
| Total assets | $230,225 |
| Total liabilities | $0 |
| Net assets or fund balances | $230,225 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of Stowe Free Library has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Halvorsen Family Foundation Greenwich, CT PURPOSE: LIBRARY SUPPORT | $2,500 |
James E Robison Foundation Morrisville, VT PURPOSE: SUPPORT LOCAL ORGANIZATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University At Albany Foundation Albany, NY | $129,210,800 | $17,198,773 |
Trustees Of The Public Library Of The City Of Boston Boston, MA | $99,754,907 | $16,249,859 |
Lord Foundation Of Massachusetts Inc Cambridge, MA | $0 | $665,000 |
Queens College Foundation Inc Flushing, NY | $103,882,868 | $13,972,395 |
Threefold Educational Foundation & School Chestnut Ridge, NY | $15,163,557 | $9,817,859 |
Global Community Charter School New York, NY | $4,753,919 | $12,397,044 |
Mit International Inc Cambridge, MA | $42,886,000 | $6,428,000 |
Rit Global Delivery Corporation Rochester, NY | $10,659,016 | $9,744,189 |
Concord Consortium Inc Concord, MA | $4,473,971 | $11,489,391 |
Charles E Cotting Charitable Corp Boston, MA | $113,711,021 | $14,477,400 |
The Graduate Center Foundation Inc New York, NY | $72,994,369 | $16,026,752 |
Friends Of Mcgill University Inc New Rochelle, NY | $10,774,766 | $8,029,117 |