Osterhout Free Library
- Assets
- $12.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 43
- Location
- Wilkesbarre, PA
- Founding
- 10/1942
- Data as of
- 12/2022
- 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 12/2022, Osterhout Free Library employed 43 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 12/2022, Osterhout Free Library generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. 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
2022
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 |
|---|---|---|---|
FR Tim Alleman Director | Trustee | $0 | |
Stacia Arnaud Secretary | OfficerTrustee | $0 | |
Anthony Bartoli Director | Trustee | $0 | |
Sarah Borland 2nd Vice Pre | OfficerTrustee | $0 | |
Tony Brooks Director | Trustee | $0 | |
The Honorable George Brown Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $917,274 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,152,009 |
| Total Program Service Revenue | $73,324 |
| Investment income | $257,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,086 |
| Net Income from Fundraising Events | $177,280 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,650,700 |
| 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 | $1,106,566 |
| Pension plan accruals and contributions | $17,838 |
| Other employee benefits | $135,927 |
| Payroll taxes | $80,364 |
| 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 | $46,620 |
| 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 | $105,521 |
| Insurance | $31,054 |
| All other expenses | $183,138 |
| Total functional expenses | $1,985,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,466 |
| Savings and temporary cash investments | $124,413 |
| Pledges and grants receivable | $18,559 |
| 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 | $37,928 |
| Net Land, buildings, and equipment | $1,909,070 |
| Investments—publicly traded securities | $9,009,252 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,480,575 |
| Total assets | $12,806,263 |
| Accounts payable and accrued expenses | $176,324 |
| 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 | $176,324 |
| Net assets without donor restrictions | $5,406,435 |
| Net assets with donor restrictions | $7,223,504 |
| 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 | $12,806,263 |