Hoyt Library
- Assets
- $3.7m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Kingston, PA
- Founding
- 06/1974
- Data as of
- 12/2022
- EIN
- 23-6392122
Organization Overview
Hoyt Library is located in Kingston, PA. The organization was established in 1974. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2022, Hoyt Library employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoyt 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 12/2022, Hoyt Library generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $594.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HOYT LIBRARY IS A PUBLIC FREE LIBRARY LOCATED IN KINGSTON, PA. IT WAS ESTABLISHED AS A NONSECTARIAN LIBRARY WITH READING AND WRITING ROOMS SUITABLE TO THE NEEDS OF THE CITIZENS IN KINGSTON AND SURROUNDING VICINITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREE PUBLIC LIBRARY PROVIDING READING & WRITING ROOMS, VIDEO, MICROFILM AND PHOTOGRAPHIC SERVICES.
FREE PUBLIC LIBRARY PROVIDING READING & WRITING ROOMS, VIDEO, MICROFILM AND PHOTOGRAPHIC SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mondy President | OfficerTrustee | 0 | $0 |
Nancy Cooper Secretary | OfficerTrustee | 0 | $0 |
Roberta Rowlands Board Member | Trustee | 0 | $0 |
Robert Jacobs Vice President | OfficerTrustee | 0 | $0 |
Jeffrey Coslett Treasurer | OfficerTrustee | 0 | $0 |
William Hardwick Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,189 |
| Related organizations | $0 |
| Government grants | $375,014 |
| All other contributions, gifts, grants, and similar amounts not included above | $586,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $973,503 |
| Total Program Service Revenue | $4,183 |
| Investment income | $86,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,436 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,039,503 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $263,698 |
| Pension plan accruals and contributions | $2,888 |
| Other employee benefits | $70,263 |
| Payroll taxes | $23,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,443 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $175 |
| Office expenses | $6,026 |
| Information technology | $6,917 |
| Royalties | $0 |
| Occupancy | $36,036 |
| Travel | $0 |
| 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 | $30,413 |
| Insurance | $37,696 |
| All other expenses | $255 |
| Total functional expenses | $594,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,562 |
| Savings and temporary cash investments | $21,101 |
| Pledges and grants receivable | $4,961 |
| 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 | $460 |
| Net Land, buildings, and equipment | $271,874 |
| Investments—publicly traded securities | $3,257,471 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,665,429 |
| Accounts payable and accrued expenses | $22,857 |
| 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 | $22,857 |
| Net assets without donor restrictions | $3,122,657 |
| Net assets with donor restrictions | $519,915 |
| 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 | $3,665,429 |