Carnegie Free Library
- Assets
- $1.1m
- Revenue
- $197.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Connellsville, PA
- Founding
- 06/1963
- Data as of
- 12/2022
- EIN
- 25-0965278
Organization Overview
Carnegie Free Library is located in Connellsville, PA. The organization was established in 1963. 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, Carnegie Free Library employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carnegie 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, Carnegie Free Library generated $197.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $258.4k 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
CARNEGIE FREE LIBRARY IS A PUBLIC LIBRARY SERVING THE INFORMATION NEEDS OF THE 38,000 RESIDENTS OF THE CONNELLSVILLE AREA SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING LIBRARY MATERIALS, BOOKS, MAGAZINES, ETC., TO THE OVER 10,000 REGISTERED BORROWERS. THE LIBRARY ALSO OFFERS CHILDRENS PROGRAMS INCLUDING STORY HOURS, SUMMER READING PROGRAMS, TOURS AND DEMONSTRATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Malone President | OfficerTrustee | 5 | $0 |
Don Grenaldo V.P. | OfficerTrustee | 5 | $0 |
Tim Witt Member | Trustee | 2 | $0 |
Kenneth Washington Member | Trustee | 2 | $0 |
Bill Wilson Member | Trustee | 2 | $0 |
Sharon Rendine Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $124,959 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,358 |
| Total Program Service Revenue | $5,232 |
| Investment income | $4,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,054 |
| 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 | $197,419 |
| 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 | $126,551 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,419 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $460 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,698 |
| 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 | $59,751 |
| Insurance | $8,778 |
| All other expenses | $818 |
| Total functional expenses | $258,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,193 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150 |
| 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 | $527,981 |
| Investments—publicly traded securities | $253,559 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,071,883 |
| Accounts payable and accrued expenses | $553 |
| 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 | $553 |
| Net assets without donor restrictions | $949,553 |
| Net assets with donor restrictions | $121,777 |
| 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 | $1,071,883 |