Riverton Free Library Association
- Assets
- $440.9k
- Revenue
- $71.7k
- Investments
- $359.5k
- Employees
- 0
- Location
- Riverton, NJ
- Founding
- 10/1961
- Data as of
- 12/2022
- EIN
- 21-0643363
Organization Overview
Riverton Free Library Association is located in Riverton, NJ. The organization was established in 1961. 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. Riverton Free Library Association 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 12/2022, Riverton Free Library Association generated $71.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $69.8k during the year ending 12/2022. While expenses have increased by 4.4% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PURCHASE BOOKS FOR THE LIBRARY AND TO EDUCATE AND ENCOURAGE THE PUBLIC TO READ.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Martin Vice-Preside | 0 | $0 | |
Kimberly Paulsen President | 0 | $0 | |
Kathryn Simon Secretary | 0 | $0 | |
Chris Keller Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,442 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,364 |
| Net Rental Income | $12,000 |
| Net Gain on Sale of Assets | $9,335 |
| Capital Gain Net Income | $9,335 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,546 |
| Total Revenue | $71,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $7,180 |
| Occupancy | $11,890 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,886 |
| Other expenses | $42,483 |
| Total operating and administrative expenses | $69,763 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $69,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,110 |
| Savings and temporary cash investments | $0 |
| 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 | $269,013 |
| Net Land, buildings, and equipment | $40,314 |
| Other assets | $0 |
| Total assets | $440,923 |
| 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 |