Osterhout Free Library
- Assets
- $14.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 37
- Location
- Wilkesbarre, PA
- Founding
- 10/1942
- Data as of
- 12/2021
- EIN
- 24-0795971
Organization Overview
Osterhout Free Library is located in Wilkesbarre, PA. The organization was established in 1942. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Osterhout Free Library employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Osterhout 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 12/2021, Osterhout Free Library generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 0.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FREE PUBLIC LIBRARY SERVICES TO THE COMMUNITY AT ITS MAIN LOCATION AND THREE BRANCHES LOCATED IN PLAINS AND WILKES-BARRE, PA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A SUBSTANTIAL COLLECTION OF BOOKS AND MATERIALS FOR THE COMMUNITY. THIS COLLECTION INCLUDES MAGAZINES, NEWSPAPERS, A LARGE PRINT COLLECTION, BOOKS ON CD, BOOKS ON CASSETTE, DVDS, AND VIDEOS. THE LIBRARY OFFERS FREE INTERNET SERVICE ON COMPUTER TERMINALS AND EDUCATIONAL PROGRAMS FOR CHILDREN ON COMPUTER TERMINALS IN A CHILDREN'S AREA. A VARIETY OF ADULT PROGRAMS ARE ALSO OFFERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Decowski CPA First Vice President | OfficerTrustee | 0 | $0 |
Stacia Arnaud Secretary | OfficerTrustee | 0 | $0 |
Derek A Zambino President | OfficerTrustee | 0 | $0 |
Sarah Borland Second Vice President | OfficerTrustee | 0 | $0 |
Joan Foster Treasurer | OfficerTrustee | 0 | $0 |
Eileen Song Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,223,763 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,392 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,350,155 |
| Total Program Service Revenue | $84,333 |
| Investment income | $326,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $99,826 |
| Net Income from Fundraising Events | $155,301 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,210 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,025,427 |
| 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 | $1,040,978 |
| Pension plan accruals and contributions | $21,074 |
| Other employee benefits | $128,512 |
| Payroll taxes | $73,511 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,211 |
| 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 | $120,333 |
| Insurance | $26,828 |
| All other expenses | $225,776 |
| Total functional expenses | $1,994,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,599 |
| Savings and temporary cash investments | $470,497 |
| Pledges and grants receivable | $38,503 |
| 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 | $30,614 |
| Net Land, buildings, and equipment | $2,001,838 |
| Investments—publicly traded securities | $9,611,170 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,739,686 |
| Total assets | $14,236,907 |
| Accounts payable and accrued expenses | $160,874 |
| 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 | $160,874 |
| Net assets without donor restrictions | $6,039,792 |
| Net assets with donor restrictions | $8,036,241 |
| 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 | $14,236,907 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Osterhout Free Library has recieved totaling $623,432.
| Awarding Organization | Amount |
|---|---|
Luzerne County Library System Wilkesbarre, PA PURPOSE: DISBURSEMENT OF PROPORTIONATE SHARE OF STATE/COUNTY GRANTS | $610,832 |
Maslow Family Foundation Inc Kingston, PA PURPOSE: CHARITABLE | $8,000 |
Bergman Foundation Philadelphia, PA PURPOSE: UNRESTRICTED | $3,000 |
Ppl Foundation Allentown, PA PURPOSE: PROGRAM SUPPORT | $1,000 |
Edith L Reynolds Trust Pittsburgh, PA PURPOSE: GENERAL OPERATING | $500 |
Ben D Spagolio Charitable Tr Pottsville, PA PURPOSE: FOR ASSISTANCE WITH EDUCATION/BOOKS | $100 |
Endowment Analysis
| Beg. Balance | $8,963,307 |
| Earnings | $1,402,435 |
| Net Contributions | $19,500 |
| Other Expense | -$328,368 |
| Ending Balance | $10,056,874 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Reuben Mcmillan Free Library Association Youngstown, OH | $89,698,038 | $21,065,303 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Allegheny County Library Assoc Pittsburgh, PA | $1,615,297 | $12,970,956 |
Greene County Public Library Xenia, OH | $9,776,484 | $13,108,130 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
The Free Library Of Philadelphia Philadelphia, PA | $55,485,474 | $14,690,366 |
Elyria Public Library Elyria, OH | $12,392,667 | $6,063,469 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Bucks County Free Library Doylestown, PA | $22,091,549 | $9,285,989 |
Science History Institute Support Company Philadelphia, PA | $170,290,036 | $11,212,295 |
Ohionet Westerville, OH | $9,473,014 | $8,653,205 |