Magnolia Library Center Inc
- Assets
- $224.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- 11/1970
- Data as of
- 08/2022
- EIN
- 23-7089725
Organization Overview
Magnolia Library Center Inc is located in Gloucester, MA. The organization was established in 1970. 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. Magnolia Library Center 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 08/2022, Magnolia Library Center Inc generated $170.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $79.4k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO MAINTAIN A LIBRARY, READING ROOM, FUNCTION ROOM AND A PLACE FOR SOCIAL MEETINGS TO SUPPORT THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alana Horne Director | 0 | $0 | |
Kiley Davis Treasurer | 3 | $0 | |
Christopher L Boucher Director | 0 | $0 | |
Elizabeth Moran Director | 0 | $0 | |
Molly Parisi Director | 0 | $0 | |
David Kelley Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,881 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $59 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $170,940 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $441 |
| Other expenses | $78,958 |
| Total expenses | $79,399 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $223,958 |
| Other assets | $0 |
| Total assets | $224,253 |
| Total liabilities | $0 |
| Net assets or fund balances | $224,253 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Magnolia Library Center Inc has recieved totaling $9,506.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $9,506 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |
Springfield Museums Corporation Springfield, MA | $83,263,430 | $9,886,411 |
Providence Public Library Providence, RI | $36,987,936 | $6,478,555 |
Westchester Library System Elmsford, NY | $6,787,041 | $7,508,558 |
American Antiquarian Society Worcester, MA | $122,268,688 | $9,559,298 |
John Fitzgerald Kennedy Library Foundation Incorporated Boston, MA | $64,242,661 | $9,493,249 |
Providence Community Library Providence, RI | $3,536,568 | $6,105,940 |
Emma S Clark Memorial Library Association Setauket, NY | $12,307,300 | $6,439,716 |
Proprietors Of The Social Law Library Boston, MA | $11,132,474 | $6,079,847 |
New City Library New City, NY | $17,574,056 | $6,151,626 |