Montgomery County Norristown Public Library
- Assets
- $11.1m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 101
- Location
- Norristown, PA
- Founding
- 06/1965
- Data as of
- 12/2023
- 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 12/2023, Montgomery County Norristown Public Library employed 101 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 12/2023, Montgomery County Norristown Public Library generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $5.2m during the year ending 12/2023. While expenses have increased by 1.7% 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
MONTGOMERY COUNTY NORRISTOWN PUBLIC LIBRARY, A GATEWAY TO LIFELONG LEARNING, PROVIDES 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 Deangleo Executive Dir. | Officer | 37 | $112,321 |
Jules K Deluzio President | OfficerTrustee | 5 | $0 |
Theresa F Martini First Vice Pres | OfficerTrustee | 5 | $0 |
Laura C Smith 2ndvp/secretary | OfficerTrustee | 5 | $0 |
Mary B Metz Treasurer | OfficerTrustee | 5 | $0 |
Angelique Holmes Hinton Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,152,485 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,979,421 |
| Noncash contributions included in lines 1a–1f | $5,856,124 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,131,906 |
| Total Program Service Revenue | $139,641 |
| Investment income | $54,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,150 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,341,722 |
| 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. | $112,321 |
| Compensation of current officers, directors, key employees. | $16,848 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,882,126 |
| Pension plan accruals and contributions | $56,448 |
| Other employee benefits | $541,186 |
| Payroll taxes | $236,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,161 |
| Fees for services: Accounting | $45,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,013 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $132,660 |
| Royalties | $0 |
| Occupancy | $226,876 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,944 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $428,044 |
| Insurance | $0 |
| All other expenses | $17,821 |
| Total functional expenses | $5,225,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,387 |
| Savings and temporary cash investments | $3,050,986 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $776,375 |
| 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 | $30,566 |
| Net Land, buildings, and equipment | $987,091 |
| Investments—publicly traded securities | $5,856,124 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,069,529 |
| Accounts payable and accrued expenses | $235,671 |
| Grants payable | $0 |
| Deferred revenue | $363,444 |
| 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 | $599,115 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $9,483,321 |
| Paid-in or capital surplus, or land, building, or equipment fund | $987,093 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,069,529 |