Tunkhannock Library Assoc
- Assets
- $1.8m
- Revenue
- $673.0k
- Investments
- $309.8k
- Employees
- 14
- Location
- Tunkhannock, PA
- Founding
- 06/1952
- Data as of
- 12/2022
- EIN
- 24-0802114
Organization Overview
Tunkhannock Library Assoc is located in Tunkhannock, PA. The organization was established in 1952. 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, Tunkhannock Library Assoc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tunkhannock Library Assoc 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, Tunkhannock Library Assoc generated $673.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $382.4k during the year ending 12/2022. While expenses have increased by 0.2% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TUNKHANNOCK LIBARY ASSOCIATION'S MISSION IS TO PROVIDE ALL OF WYOMING COUNTY RESIDENTS FREE AND CONVENIENT ACCESS TO A WIDE RANGE OF INFORMATION, EDUCUCATION AND ENTERTAINMENT THROUGH BOOKS, PERIODICALS, AUDIO/VISIAL MEDIA, AND IN-PERSON EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CONVIENENT ACCESS TO A WIDE RANGE OF INFORMATION AND RECREATIONAL MARERIAL VIA AUDIO, VISIAL, PRINT AND IN-PERSON, FREE OF CHARGE, TO WYOMING COUNY, PENNSYLVANIA RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Barrett Director | Trustee | $0 | |
Laura Dickson Director | Trustee | $0 | |
June Kukuchka Director | Trustee | $0 | |
Sandy Lane Treasurer | OfficerTrustee | $0 | |
Janet Mackay Director | Trustee | $0 | |
Samantha Marruzelli Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $151,908 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $30,372 |
| Government grants | $124,290 |
| All other contributions, gifts, grants, and similar amounts not included above | $312,501 |
| Noncash contributions included in lines 1a–1f | $312,501 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $619,071 |
| Total Program Service Revenue | $6,075 |
| Investment income | $7,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,973 |
| Net Income from Fundraising Events | $22,097 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $673,046 |
| 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 | $162,314 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,450 |
| Payroll taxes | $13,977 |
| Fees for services: Management | $8,250 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,527 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,052 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,048 |
| Information technology | $20,429 |
| Royalties | $0 |
| Occupancy | $51,234 |
| Travel | $738 |
| 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 | $43,666 |
| Insurance | $6,879 |
| All other expenses | $2,410 |
| Total functional expenses | $382,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,540 |
| Savings and temporary cash investments | $2,826 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,125,289 |
| Investments—publicly traded securities | $297,666 |
| Investments—other securities | $309,837 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,764,158 |
| Accounts payable and accrued expenses | $0 |
| 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 | $245 |
| Total liabilities | $245 |
| Net assets without donor restrictions | $1,763,913 |
| Net assets with donor restrictions | $0 |
| 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 | $1,764,158 |