Richland Library Co
- Assets
- $2.7m
- Revenue
- $43.4k
- Investments
- $777.1k
- Employees
- 0
- Location
- Quakertown, PA
- Founding
- 01/1999
- Data as of
- 04/2024
- EIN
- 23-2263032
Organization Overview
Richland Library Co is located in Quakertown, PA. The organization was established in 1999. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richland Library Co 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 04/2024, Richland Library Co generated $43.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $97.7k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A PUBLIC LIBRARY OPEN TO THE PUBLIC FOR HISTORICAL RESEARCH AND PRESERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Koch President | 0 | $0 | |
Kathleen L Fedorocsko Secretary | 0 | $0 | |
Ann Hellmann Treasurer | 0 | $0 | |
Gail E Luma Director | 0 | $0 | |
Janenne J Henry Director | 0 | $0 | |
Paul D Solliday Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,339 |
| Interest on Savings | $9,790 |
| Dividends & Interest | $15,474 |
| Net Rental Income | $7,923 |
| Net Gain on Sale of Assets | -$2,341 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $544 |
| Other Income | $555 |
| Total Revenue | $43,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $49,802 |
| Occupancy | $8,736 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,170 |
| Total operating and administrative expenses | $97,708 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $97,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,522 |
| Savings and temporary cash investments | $47,510 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $180,420 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,648,506 |
| Other assets | $0 |
| Total assets | $2,670,045 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,258 |
| Total liabilities | $1,258 |