Middletown Free Library Assoc Inc
- Assets
- $638.5k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Media, PA
- Founding
- 09/1963
- Data as of
- 12/2021
- EIN
- 23-1602604
Organization Overview
Middletown Free Library Assoc Inc is located in Media, PA. The organization was established in 1963. 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, Middletown Free Library Assoc Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middletown Free Library Assoc Inc 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, Middletown Free Library Assoc Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 11.7% 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
TO HELP THE PEOPLE OF OUR COMMUNITY ACHIEVE THEIR FULL POTENTIAL THROUGH THE TRANSFORMATIVE POWER OF INFORMATION,IMAGINATION AND IDEAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS INCLUDE EARLY CHILDHOOD, FAMILY, AND ADULT LITERACY, WORKPLACE AND CAREER PLACEMENT, LECTURE SERIES, SUMMER READING AND SCIENCE PROGRAMS, CULTURAL PERFORMANCES, AND VARIOUS TECHNOLOGY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Gazdik Library Director | Officer | 50 | $61,318 |
Parag Dalal Vice President | OfficerTrustee | 1 | $0 |
Tim Sander Treasurer | OfficerTrustee | 1 | $0 |
Robert Fyfe President | OfficerTrustee | 1 | $0 |
Ken Dinitz Secretary | OfficerTrustee | 1 | $0 |
Genny Hamilton Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $378,547 |
| All other contributions, gifts, grants, and similar amounts not included above | $412,013 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $790,560 |
| Total Program Service Revenue | $4,974 |
| Investment income | $1,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $324,531 |
| Net Income from Fundraising Events | $10,272 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,188,114 |
| 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. | $61,318 |
| Compensation of current officers, directors, key employees. | $12,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,177 |
| Pension plan accruals and contributions | $3,271 |
| Other employee benefits | $16,900 |
| Payroll taxes | $19,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,736 |
| Office expenses | $8,474 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,379 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,279 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,311 |
| All other expenses | $0 |
| Total functional expenses | $1,087,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,513 |
| Savings and temporary cash investments | $532,766 |
| 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 | $0 |
| Investments—publicly traded securities | $80,177 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $638,456 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $638,456 |
| Net assets with donor restrictions | $0 |
| 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 | $638,456 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Middletown Free Library Assoc Inc has recieved totaling $274.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $74 |
Endowment Analysis
| Beg. Balance | $58,922 |
| Earnings | $11,257 |
| Ending Balance | $70,177 |
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 |