Indian Valley Public Library
- Assets
- $3.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 43
- Location
- Telford, PA
- Founding
- 08/1967
- Data as of
- 12/2021
- EIN
- 23-1674241
Organization Overview
Indian Valley Public Library is located in Telford, PA. The organization was established in 1967. 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, Indian Valley Public Library employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian Valley 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, Indian Valley Public Library generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 1.3% 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 SERVE THE SURROUNDING COMMUNITIES AS A PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A PUBLIC LIBRARY FOR THE SURROUNDING COMMUNITIES. FRANCONIA TOWNSHIP, LOWER SALFORD TOWNSHIP, SALFORD TOWNSHIP, SOUDERTON BOROUGH, AND TELFORD BOROUGH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margie Stern Director | Trustee | 37.5 | $93,622 |
Penelope J Price Vice-President | OfficerTrustee | 1 | $0 |
Alexander Grande III President | OfficerTrustee | 1 | $0 |
Darren Johnson Treasurer | OfficerTrustee | 2 | $0 |
Brian D Gourley Board | Trustee | 1 | $0 |
Steve Boell Board | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,433,830 |
| All other contributions, gifts, grants, and similar amounts not included above | $144,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,578,177 |
| Total Program Service Revenue | $46,670 |
| Investment income | $413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,626,525 |
| 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. | $93,622 |
| Compensation of current officers, directors, key employees. | $13,107 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $601,742 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,413 |
| Payroll taxes | $56,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,702 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,069 |
| Office expenses | $17,470 |
| Information technology | $3,780 |
| Royalties | $0 |
| Occupancy | $36,808 |
| Travel | $2,052 |
| 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 | $286,530 |
| Insurance | $18,718 |
| All other expenses | $13,164 |
| Total functional expenses | $1,319,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,823 |
| Savings and temporary cash investments | $1,192,524 |
| 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 | $2,073,418 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,568,765 |
| 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 | $3,551 |
| Total liabilities | $3,551 |
| Net assets without donor restrictions | $3,562,819 |
| Net assets with donor restrictions | $2,395 |
| 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 | $3,568,765 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Indian Valley Public Library has recieved totaling $2,410.
| Awarding Organization | Amount |
|---|---|
Telford Area Community Aid Foundation Fort Washington, PA PURPOSE: TO ASSIST THE ORGANIZATION IN PROVIDING LIBRARY SERVICES TO RESIDENTS OF THE TELFORD-SOUDERTON AND SURROUNDING AREAS | $1,000 |
Ar Charitable Foundation Souderton, PA PURPOSE: GENERAL OPERATIONS | $500 |
Keller Charitable Foundation Inc Souderton, PA PURPOSE: OPERATIONS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $135 |
Jane Patterson Endowment Fund Hatfield, PA PURPOSE: UNRESTRICTED | $100 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $75 |
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 |