Priestley Forsyth Memorial Library
- Assets
- $4.8m
- Revenue
- $364.0k
- Investments
- $4.4m
- Employees
- 9
- Location
- Northumberland, PA
- Founding
- 07/1948
- Data as of
- 12/2022
- EIN
- 24-0803611
Organization Overview
Priestley Forsyth Memorial Library is located in Northumberland, PA. The organization was established in 1948. 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, Priestley Forsyth Memorial Library employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Priestley Forsyth 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 12/2022, Priestley Forsyth Memorial Library generated $364.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $243.8k during the year ending 12/2022. While expenses have increased by 0.9% per year over the past 8 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
PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC LIBRARY WHICH ENCOMPASSES THE PRIMARY GOALS OF EDUCATION AND ENTERTAINMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Groves Ferlazzo Director | Trustee | 1 | $0 |
Penny Gaugler President | OfficerTrustee | 1 | $0 |
Devin Gerhard Director | Trustee | 1 | $0 |
Sandra Krehel Director | Trustee | 1 | $0 |
Michelle Moran Director | Trustee | 1 | $0 |
Jared Roush Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,245 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,472 |
| Total Program Service Revenue | $3,444 |
| Investment income | $164,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,015 |
| 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 | $132,851 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,938 |
| 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 | $6,325 |
| Advertising and promotion | $1,532 |
| Office expenses | $1,346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,537 |
| 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 | $14,124 |
| Insurance | $0 |
| All other expenses | $5,401 |
| Total functional expenses | $243,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,374 |
| Savings and temporary cash investments | $204,817 |
| 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 | $112,318 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,407,331 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,847,840 |
| Accounts payable and accrued expenses | $5,264 |
| 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 | $5,264 |
| Net assets without donor restrictions | $2,115,856 |
| Net assets with donor restrictions | $2,726,720 |
| 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 | $4,847,840 |