Pottstown Regional Public Library
- Assets
- $1.1m
- Revenue
- $784.5k
- Investments
- $1.4k
- Employees
- 34
- Location
- Pottstown, PA
- Founding
- 07/1947
- Data as of
- 12/2023
- EIN
- 23-0985220
Organization Overview
Pottstown Regional Public Library is located in Pottstown, PA. The organization was established in 1947. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2023, Pottstown Regional Public Library employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pottstown Regional Public 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 12/2023, Pottstown Regional Public Library generated $784.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $911.8k during the year ending 12/2023. While expenses have increased by 3.7% 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
THE POTTSTOWN REGIONAL PUBLIC LIBRARY HELPS STRENGTHEN OUR COMMUNITY PROVIDING FREE AND OPEN ACCESS TO RESOURCES THAT INFORM, INSTRUCT AND INSPIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DIVERSE & EASILY ACCESSIBLE MATERIALS, SERVICES & PROGRAMS THAT EDUCATE, INFORM & ENRICH ALL RESIDENTS OF THE POTTSTOWN AREA. LIBRARY & STAFF ON CALL FOR BORROWING BOOKS & RESEARCH MATERIALS AT THE LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindy Lipsky Executive Di | OfficerTrustee | 40 | $64,615 |
Dennis Arms Vice Preside | OfficerTrustee | 1 | $0 |
Rich Bouher Board Member | Trustee | 0.5 | $0 |
Bill Brogley Board Member | Trustee | 0.5 | $0 |
Tracey Brown President 1/ | OfficerTrustee | 1 | $0 |
Sue Dolan Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $385,792 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $566,948 |
| Total Program Service Revenue | $137,088 |
| Investment income | $3,427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,699 |
| Net Income from Fundraising Events | $8,332 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $784,494 |
| 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. | $64,615 |
| Compensation of current officers, directors, key employees. | $45,230 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $402,294 |
| Pension plan accruals and contributions | $8,457 |
| Other employee benefits | $33,398 |
| Payroll taxes | $36,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,783 |
| Office expenses | $17,367 |
| Information technology | $9,705 |
| Royalties | $0 |
| Occupancy | $81,292 |
| Travel | $2,192 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,125 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,171 |
| Insurance | $2,958 |
| All other expenses | $4,646 |
| Total functional expenses | $911,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,772 |
| Savings and temporary cash investments | $164,774 |
| 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 | $855,574 |
| Investments—publicly traded securities | $1,181 |
| Investments—other securities | $1,427 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,069,728 |
| Accounts payable and accrued expenses | $13,069 |
| Grants payable | $0 |
| Deferred revenue | $14,268 |
| 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 | $1,678 |
| Total liabilities | $29,015 |
| Net assets without donor restrictions | $1,000,094 |
| Net assets with donor restrictions | $40,619 |
| 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 | $1,069,728 |