Friends Of The Westfield Memorial Library
- Assets
- $364.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westfield, NJ
- Founding
- 07/1974
- Data as of
- 06/2022
- EIN
- 23-7351099
Organization Overview
Friends Of The Westfield Memorial Library is located in Westfield, NJ. The organization was established in 1974. 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 Westfield Memorial 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 06/2022, Friends Of The Westfield Memorial Library generated $43.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $31.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. 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
PROVIDE FUNDS FOR THE SPECIAL NEEDS OF THE PUBLIC LIBRARY IN WESTFIELD AS WELL AS AWARD SCHOLARSHIPS TO CERTAIN QUALIFYING INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcy Lechner Co President | 5 | $0 | |
Michael Miller Co President | 5 | $0 | |
Mary Wislocki Vice President | 5 | $0 | |
Fran Lemberg Recording Secretary | 5 | $0 | |
Harriet Davidson Corresponding Secretary | 5 | $0 | |
Deborah Bailey Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,710 |
| Total Program Service Revenue | $0 |
| Membership dues | $12,515 |
| Investment income | $15,218 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,534 |
| Other Revenue | $537 |
| Total Revenue | $43,514 |
| 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 | $2,381 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $409 |
| Other expenses | $20,290 |
| Total expenses | $31,432 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $349,107 |
| Other assets | $0 |
| Total assets | $364,924 |
| Total liabilities | $1,000 |
| Net assets or fund balances | $363,924 |