The Memorial Library Of Nazareth And Vicinity
- Assets
- $899.6k
- Revenue
- $772.7k
- Investments
- $639.9k
- Employees
- 25
- Location
- Nazareth, PA
- Founding
- 12/1994
- Data as of
- 12/2023
- EIN
- 24-6019434
Organization Overview
The Memorial Library Of Nazareth And Vicinity is located in Nazareth, PA. The organization was established in 1994. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2023, Memorial Library Of Nazareth And Vicinity employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Library Of Nazareth And Vicinity 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 12/2023, Memorial Library Of Nazareth And Vicinity generated $772.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $661.1k during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 9 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 INSPIRE AND ENRICH THE LIVES OF THE RESIDENTS IN OUR SUPPORTING MUNICIPALITIES BY OFFERING VALUABLE LIFETIME LITERACIES AND A COMMUNITY CENTRIC SERVICE APPROACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE LIBRARY IS TO MAINTAIN A FREE PUBLIC LIBRARY IN THE BOROUGH OF NAZARETH, NORTHAMPTON COUNTY, PENNSYLVANIA. THE VISION: "THE LIBRARY WILL BE THE COMMUNITY CENTER OF THE MUNICIPALITIES WE SERVE, WHERE MEMBERS OF THE COMMUNITY SHARE EXPERIENCES, INFORMATION AND CULTIVATE RELATIONSHIPS" IS AN EXAMPLE OF ASPIRATIONAL THINKING ABOUT THE FUTURE AND NOT AN OVER-INFLATED VIEW OF THE LIBRARY. THE VISION IS BASED ON THE PROCESS OF MAKING A PERSONAL CONNECTION WITH PEOPLE THROUGH CONNECTING, DISCOVERING, EDUCATING AND RESPONDING TO THEIR NEEDS. THE LIBRARY IS COMMITTED TO PROVIDING OUTSTANDING SERVICE TO ALL PATRONS IN A COURTEOUS AND CONFIDENTIAL MANNER. THE LIBRARY PROMOTES THE LOVE OF BOOKS AND THE IMPORTANCE OF READING. THE LIBRARY VALUES READING AND INFORMATION LITERACY FOR THE KNOWLEDGE, POWER, AND RECREATION THEY BRING. IT RECOGNIZED THAT READING AND INFORMATION LITERACY PROVIDE A FOUNDATION FOR LIFELONG LEARNING, OPENING DOORS, AND EXPANDING HORIZONS. THE LIBRARY IS COMMITTED TO INTELLECTUAL FREEDOM AND TO PROVIDING CONVENIENT, EQUITABLE AND OPEN ACCESS TO THE RESOURCES AND SERVICES IT PROVIDES. THE LIBRARY EXTENDS ITS REACH AND IMPACT IN THE COMMUNITY THROUGH PARTNERSHIPS WITH INDIVIDUALS, PUBLIC AND NON-PROFIT ORGANIZATIONS, COMMUNITY GROUPS, EDUCATORS, AND BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Fischl Board Member | Trustee | 0 | $0 |
Jeff Shepherd President | OfficerTrustee | 0 | $0 |
Leonard Fodera Treasurer | OfficerTrustee | 0 | $0 |
Laura Dunne Board Member | Trustee | 0 | $0 |
Julie Bender Secretary | OfficerTrustee | 0 | $0 |
James Cunningham Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $497,093 |
| All other contributions, gifts, grants, and similar amounts not included above | $225,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $722,696 |
| Total Program Service Revenue | $0 |
| Investment income | $25,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,474 |
| Net Income from Fundraising Events | $27,191 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $772,655 |
| 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. | $80,739 |
| Compensation of current officers, directors, key employees. | $60,554 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $252,618 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,991 |
| Payroll taxes | $25,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,972 |
| Fees for services: Other | $5,074 |
| Advertising and promotion | $1,193 |
| Office expenses | $12,424 |
| Information technology | $63,173 |
| Royalties | $0 |
| Occupancy | $97,814 |
| Travel | $142 |
| 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 | $0 |
| Insurance | $10,367 |
| All other expenses | $17,444 |
| Total functional expenses | $661,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,022 |
| Savings and temporary cash investments | $145,745 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $639,866 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $899,633 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $818,583 |
| Net assets with donor restrictions | $81,050 |
| 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 | $899,633 |