The Memorial Library Of Radnor Twp
- Assets
- $13.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 41
- Location
- Wayne, PA
- Founding
- 06/1955
- Data as of
- 12/2021
- EIN
- 23-1352225
Organization Overview
The Memorial Library Of Radnor Twp is located in Wayne, PA. The organization was established in 1955. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Memorial Library Of Radnor Twp employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Library Of Radnor Twp 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 12/2021, Memorial Library Of Radnor Twp generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PUBLIC LIBRARY SERVICES TO THE RESIDENTS OF RADNOR TOWNSHIP, PA. THE LIBRARY IS A MEMBER OF THE DELAWARE COUNTY LIBRARY SYSTEM AND ACCESS PENNSYLVANIA STATEWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF LIBRARY PROGRAMS - OPEN TO GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Platfoot Executive Di | Trustee | 40 | $78,178 |
Phil Cook Treasurer | Officer | 1 | $0 |
William Lawlor President | Officer | 1 | $0 |
Erin Croke Vice Preside | Officer | 1 | $0 |
Jennifer Stoudt Secretary | Officer | 1 | $0 |
Caitlin Akins Board Of Tru | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,336 |
| Related organizations | $0 |
| Government grants | $1,078,779 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,744 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,282,859 |
| Total Program Service Revenue | $15,804 |
| Investment income | $132,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $134,308 |
| Net Income from Fundraising Events | $15,468 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,581,370 |
| 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 | $767,135 |
| Pension plan accruals and contributions | $38,940 |
| Other employee benefits | $124,937 |
| Payroll taxes | $54,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,069 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,141 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $168,478 |
| Insurance | $12,182 |
| All other expenses | $104,453 |
| Total functional expenses | $1,568,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $987,385 |
| Savings and temporary cash investments | $0 |
| 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 | $9,200 |
| Net Land, buildings, and equipment | $6,376,493 |
| Investments—publicly traded securities | $5,958,904 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,331,982 |
| Accounts payable and accrued expenses | $196,498 |
| 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 | $196,498 |
| Net assets without donor restrictions | $3,912,676 |
| Net assets with donor restrictions | $9,222,808 |
| 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 | $13,331,982 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Memorial Library Of Radnor Twp has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $5,000 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $5,000 |
Endowment Analysis
| Beg. Balance | $5,506,604 |
| Earnings | $578,934 |
| Admin Expense | $20,069 |
| Net Contributions | $63,439 |
| Other Expense | $170,004 |
| Ending Balance | $5,958,904 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Reuben Mcmillan Free Library Association Youngstown, OH | $89,698,038 | $21,065,303 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Allegheny County Library Assoc Pittsburgh, PA | $1,615,297 | $12,970,956 |
Greene County Public Library Xenia, OH | $9,776,484 | $13,108,130 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
The Free Library Of Philadelphia Philadelphia, PA | $55,485,474 | $14,690,366 |
Elyria Public Library Elyria, OH | $12,392,667 | $6,063,469 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Bucks County Free Library Doylestown, PA | $22,091,549 | $9,285,989 |
Science History Institute Support Company Philadelphia, PA | $170,290,036 | $11,212,295 |
Ohionet Westerville, OH | $9,473,014 | $8,653,205 |