Library Company Of Philadelphia
- Assets
- $34.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 34
- Location
- Philadelphia, PA
- Founding
- 11/1934
- Data as of
- 12/2022
- EIN
- 23-1370444
Organization Overview
Library Company Of Philadelphia is located in Philadelphia, PA. The organization was established in 1934. As of 12/2022, Library Company Of Philadelphia employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Library Company Of Philadelphia 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, Library Company Of Philadelphia generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INDEPENDENT RESEARCH LIBRARY FOR THE STUDY OF AMERICAN HISTORY AND CULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A RARE BOOK REPOSITORY AND RESEARCH LIBRARY, PRESENTING EXHIBITS, PROGRAMS AND PUBLICATIONS FOR MEMBERS AND GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howell Rosenberg President | OfficerTrustee | 1 | $0 |
Joseph M Evans Jr Director | Trustee | 1 | $0 |
B Robert Demento Director | Trustee | 1 | $0 |
Michelle Flamer Director | Trustee | 1 | $0 |
Judith Freyer Director | Trustee | 1 | $0 |
Louise Marshall Kelly Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Domus Inc Construction Contract | 12/30/14 | $273,800 |
Ugi Energy Services Llc Gas And Electric | 12/30/14 | $112,551 |
Limbach Company Llc Maintenance | 12/30/14 | $367,069 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $215,604 |
| Fundraising events | $130,189 |
| Related organizations | $0 |
| Government grants | $385,493 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,221,828 |
| Noncash contributions included in lines 1a–1f | $458,515 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,953,114 |
| Total Program Service Revenue | $179,539 |
| Investment income | $42,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,974 |
| Net Gain/Loss on Asset Sales | $244,060 |
| Net Income from Fundraising Events | -$23,464 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,432,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $333,419 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $336,606 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,427,797 |
| Pension plan accruals and contributions | $86,328 |
| Other employee benefits | $200,590 |
| Payroll taxes | $137,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $79,083 |
| Fees for services: Lobbying | $44,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $407 |
| Fees for services: Other | $291,887 |
| Advertising and promotion | $0 |
| Office expenses | $155,234 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $330,840 |
| Travel | $46,142 |
| 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 | $399,056 |
| Insurance | $78,900 |
| All other expenses | $0 |
| Total functional expenses | $4,248,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $192,605 |
| Pledges and grants receivable | $294,155 |
| 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 | $18,479 |
| Net Land, buildings, and equipment | $5,541,867 |
| Investments—publicly traded securities | $28,026,601 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21,226 |
| Other assets | $0 |
| Total assets | $34,094,933 |
| Accounts payable and accrued expenses | $293,358 |
| 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 | $293,358 |
| Net assets without donor restrictions | $7,479,089 |
| Net assets with donor restrictions | $26,322,486 |
| 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 | $34,094,933 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Library Company Of Philadelphia Philadelphia, PA | $34,094,933 | $2,432,009 |
Mercantile Library Association Of The City Of New York Brooklyn, NY | $2,596,295 | $3,244,061 |
American Philatelic Research Library Bellefonte, PA | $13,342,489 | $1,210,594 |
American Trust For The British Lbry New York, NY | $3,649,352 | $330,141 |
Collectors Club Inc New York, NY | $8,078,971 | $6,672,240 |
International Friends Of London Library Inc New York, NY | $115,818 | $288,979 |
Lycoming County Library System Williamsport, PA | $342,007 | $186,690 |
American Watchmakers Institute Educational Library And Museum Cha Harrison, OH | $451,647 | $0 |
Princeton Library In New York New York, NY | $315,721 | $0 |
American Merchant Marine Library Association Jersey City, NJ | $3,563 | $0 |