Woodstown-Pilesgrove Library Association
- Assets
- $1.5m
- Revenue
- $69.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Woodstown, NJ
- Founding
- 04/1965
- Data as of
- 03/2024
- EIN
- 21-0737087
Organization Overview
Woodstown-Pilesgrove Library Association is located in Woodstown, NJ. The organization was established in 1965. As of 03/2024, Woodstown-Pilesgrove Library Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodstown-Pilesgrove 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 03/2024, Woodstown-Pilesgrove Library Association generated $69.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $55.6k during the year ending 03/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FREE LIBRARY SERVICES TO ALL RESIDENTS OF THE BOROUGH OF WOODSTOWN AND THE TOWNSHIP OF PILESGROVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FREE LIBRARY SERVICES TO ALL RESIDENTS OF THE BOROUGH OF WOODSTOWN AND THE TOWNSHIP OF PILESGROVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Brown Trustee | Trustee | 1 | $0 |
Martha Champigny Trustee | Trustee | 1 | $0 |
Donna Eichmann Trustee | Trustee | 1 | $0 |
Nancy Hart Trustee | Trustee | 1 | $0 |
Sue Ellen Moore Trustee | Trustee | 1 | $0 |
Rae Lyn Sims Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,490 |
| Fundraising events | $1,958 |
| Related organizations | $0 |
| Government grants | $7,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,931 |
| Total Program Service Revenue | $3,102 |
| Investment income | $43,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,403 |
| 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 | $9,678 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,263 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,333 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,194 |
| Travel | $0 |
| 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 | $2,918 |
| Insurance | $5,812 |
| All other expenses | $1,254 |
| Total functional expenses | $55,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,191 |
| Savings and temporary cash investments | $408,937 |
| 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 | $18,170 |
| Investments—publicly traded securities | $835,348 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $260,000 |
| Total assets | $1,533,646 |
| Accounts payable and accrued expenses | $129 |
| 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 | $129 |
| Net assets without donor restrictions | $1,533,517 |
| Net assets with donor restrictions | $0 |
| 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 | $1,533,646 |