Montgomery County Norristown Public Library
- Assets
- $4.8m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 106
- Location
- Norristown, PA
- Founding
- 06/1965
- Data as of
- 12/2021
- EIN
- 23-1381450
Organization Overview
Montgomery County Norristown Public Library is located in Norristown, PA. The organization was established in 1965. 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, Montgomery County Norristown Public Library employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery County Norristown 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 12/2021, Montgomery County Norristown Public Library generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MONTGOMERY COUNTY NORRISTOWN PUBLIC LIBRARY IS A GATEWAY TO LIFELONG LEARNING, PROVIDING CONVENIENT ACCESS TO RESOURCES THAT INFORM, EDUCATE, ENTERTAIN, AND ENRICH PEOPLE'S LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING LIBRARY MATERIALS AND SERVICES TO THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Deangelo Executive Director | Officer | 40 | $101,880 |
Cathyann Sweeney President | OfficerTrustee | 5 | $0 |
H Charles Wilson III Treasurer | OfficerTrustee | 5 | $0 |
Mary B Metz Second Vice President | OfficerTrustee | 5 | $0 |
Kelly Isett Member | OfficerTrustee | 5 | $0 |
Mark D Turetsky Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,857,578 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,942,184 |
| Total Program Service Revenue | $139,432 |
| Investment income | $24,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,060 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,116,370 |
| 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. | $101,880 |
| Compensation of current officers, directors, key employees. | $15,282 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,535,157 |
| Pension plan accruals and contributions | $59,184 |
| Other employee benefits | $445,258 |
| Payroll taxes | $208,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,978 |
| 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 | $0 |
| Information technology | $103,054 |
| Royalties | $0 |
| Occupancy | $296,498 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,633 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $410,500 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,747,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $751,947 |
| Savings and temporary cash investments | $3,038,994 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,048 |
| 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 | $14,976 |
| Net Land, buildings, and equipment | $942,658 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,763,623 |
| Accounts payable and accrued expenses | $324,004 |
| Grants payable | $0 |
| Deferred revenue | $307,124 |
| 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 | $631,128 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,189,837 |
| Paid-in or capital surplus, or land, building, or equipment fund | $942,658 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,763,623 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Montgomery County Norristown Public Library has recieved totaling $10,050.
| Awarding Organization | Amount |
|---|---|
Genuardi Family Foundation Blue Bell, PA PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Louis N Cassett Foundation Philadelphia, PA PURPOSE: TO FURTHER EXEMPT PURPOSE | $5,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $50 |
Endowment Analysis
| Beg. Balance | $55,069 |
| Earnings | $1,107 |
| Other Expense | $2,462 |
| Ending Balance | $53,714 |
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 |