Rachel Kohl Community Library
- Assets
- $1.2m
- Revenue
- $520.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Glen Mills, PA
- Founding
- 10/1981
- Data as of
- 12/2023
- EIN
- 23-2127296
Organization Overview
Rachel Kohl Community Library is located in Glen Mills, PA. The organization was established in 1981. 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, Rachel Kohl Community Library employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rachel Kohl Community 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, Rachel Kohl Community Library generated $520.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $471.3k during the year ending 12/2023. While expenses have increased by 1.3% 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
RACHEL KOHL COMMUNITY LIBRARY, INC (THE LIBRARY) IS A NONPROFIT ORGANIZATION THAT WAS ORGANIZED AS A NONPROFIT ORGANIZATION UNDER THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA IN 1979. ITS STATED PURPOSE IS TO PROVIDE A PUBLIC LIBRARY TO THE RESIDENTS IN THE COMMUNITIES OF BETHEL TOWNSHIP, CHADDS FORD TOWNSHIP, CHESTER HEIGHTS BOROUGH, CONCORD TOWNSHIP AND THORNBURY TOWNSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY PROVIDES VARIOUS SERVICES FOR THE COMMUNITY AS A FULL SERVICE PUBLIC LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Sternberg Executive Di | Officer | 40 | $85,210 |
Nick Altamuro Board Member | Trustee | 1 | $0 |
Jim Breen Board Member | Trustee | 1 | $0 |
Kathy Gorman Board Member | Trustee | 1 | $0 |
Angela Horstmann Board Member | Trustee | 1 | $0 |
Jean Mackenzie President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $364,316 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $478,725 |
| Total Program Service Revenue | $22,892 |
| Investment income | $13,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,125 |
| 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 | $519,964 |
| 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. | $85,210 |
| Compensation of current officers, directors, key employees. | $51,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,181 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $643 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,609 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,731 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,631 |
| Insurance | $7,862 |
| All other expenses | $11,956 |
| Total functional expenses | $471,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,425 |
| Savings and temporary cash investments | $0 |
| 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 | $889,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,602 |
| Total assets | $1,242,127 |
| 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 | $160,637 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $160,637 |
| Net assets without donor restrictions | $1,081,490 |
| 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 | $1,242,127 |