Cedar Mill Community Library Association Of Washington County
- Assets
- $4.0m
- Revenue
- $5.3m
- Investments
- $170.6k
- Employees
- 89
- Location
- Portland, OR
- Founding
- 03/1975
- Data as of
- 06/2023
- EIN
- 23-7438072
Organization Overview
Cedar Mill Community Library Association Of Washington County, operating under the name Cedar Mill & Bethany Community Libraries, is located in Portland, OR. The organization was established in 1975. As of 06/2023, Cedar Mill & Bethany Community Libraries employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Mill & Bethany Community Libraries 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 06/2023, Cedar Mill & Bethany Community Libraries generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $5.3m during the year ending 06/2023. While expenses have increased by 3.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PUBLIC LIBRARY SERVICES IN THE CEDAR MILL AND BETHANY COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY LIBRARY SERVICES ARE OFFERED TO THE GENERAL PUBLIC, INCLUDING BOOKS, PERIODICALS, AUDIO VIDEO MEDIA, AND COMPUTER AND INTERNET ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilary Barrett Vice President | OfficerTrustee | 1 | $0 |
Anil Bhagavatula Board Member | Trustee | 1 | $0 |
Jeanne Watts Board Member | Trustee | 1 | $0 |
Natalie Paik Board Member | Trustee | 1 | $0 |
Lisa Wong Board Member | Trustee | 1 | $0 |
Judy Erdman President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,060 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,940 |
| Noncash contributions included in lines 1a–1f | $16,080 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,000 |
| Total Program Service Revenue | $4,916,348 |
| Investment income | $35,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,989 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $145,610 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,333,362 |
| 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. | $282,265 |
| Compensation of current officers, directors, key employees. | $215,544 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,917,443 |
| Pension plan accruals and contributions | $202,600 |
| Other employee benefits | $305,272 |
| Payroll taxes | $245,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,539 |
| Fees for services: Other | $59,796 |
| Advertising and promotion | $0 |
| Office expenses | $52,772 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $515,528 |
| 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 | $58,810 |
| Insurance | $12,563 |
| All other expenses | $0 |
| Total functional expenses | $5,298,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,230 |
| Savings and temporary cash investments | $1,241,568 |
| Pledges and grants receivable | $19,807 |
| 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 | $91,279 |
| Prepaid expenses and deferred charges | $138,500 |
| Net Land, buildings, and equipment | $314,384 |
| Investments—publicly traded securities | $385,961 |
| Investments—other securities | $170,633 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,118,074 |
| Total assets | $3,966,436 |
| Accounts payable and accrued expenses | $533,971 |
| 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 | $1,129,954 |
| Total liabilities | $1,663,925 |
| Net assets without donor restrictions | $2,178,913 |
| Net assets with donor restrictions | $123,598 |
| 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 | $3,966,436 |