Friends Of The Newark Free Library
- Assets
- $291.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, DE
- Founding
- 03/1971
- Data as of
- 05/2024
- EIN
- 23-7098836
Organization Overview
Friends Of The Newark Free Library is located in Newark, DE. The organization was established in 1971. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Friends Of The Newark Free 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 05/2024, Friends Of The Newark Free Library generated $89.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (33.0%) each year. All expenses for the organization totaled $74.2k during the year ending 05/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
SUPPORT THE GROWTH OF THE NEWARK FREE LIBRARY AND ENCOURAGE THEIR USE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Jo German President | 5 | $0 | |
Sue Peters Vice Preside | 5 | $0 | |
Roberta Sullivan Treasurer | 5 | $0 | |
Deb Morehead Recording Se | 5 | $0 | |
Katy Ferrero Corresp Secr | 5 | $0 | |
Patricia Rachel Newsletter E | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,420 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,064 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,032 |
| Total Revenue | $89,516 |
| 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 | $0 |
| Other expenses | $74,156 |
| Total expenses | $74,156 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $291,719 |
| Other assets | $0 |
| Total assets | $291,719 |
| Total liabilities | $0 |
| Net assets or fund balances | $291,719 |