Peoples Library Inc
- Assets
- $3.0m
- Revenue
- $400.5k
- Investments
- $0.0
- Employees
- 19
- Location
- New Kensington, PA
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 25-1013943
Organization Overview
Peoples Library Inc is located in New Kensington, PA. The organization was established in 1964. As of 12/2021, Peoples Library Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peoples Library Inc 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 12/2021, Peoples Library Inc generated $400.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $289.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM EXPENSES FOR OPERATING A PUBLIC LIBRARY BENEFITING THE GENERAL PUBLIC FROM TWO (2) LOCATIONS IN THE SERVICE AREA. ASSOCIATION PROVIDES A PLACE FOR THE GENERAL PUBLIC TO READ, STUDY AND RESEARCH, AND OFFERS READING AND LITERACY PROGRAMS TO THE RESIDENTS FO THE ASSOCIATION'S SERVICE AREA.
THE ASSOCIATION PERFORMS A VARIETY OF TUTORING AND LITERACY PROGRAMS TARGETING THE RESIDENTS OF THE LOCAL SURROUNDING COMMUNITIES DESIGNED TO INCREASE LITERACY AMONG CHILDREN AND INCREASING QUALITY OF DAILY LIFE FUNCTIONS. IN ADDITION, THE ASSOCIATION HOLDS SUMMER READING AND OTHER LIBRARY PROGRAMS DESIGNED TO INCREASE READING PROFICIENCY AMOUNG THE YOUTH IN THE SURROUNDING COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hrivnak Executive Direc | Trustee | 40 | $56,202 |
Lindsay Smart Treasurer | OfficerTrustee | 1 | $0 |
Debora Duncan President & CEO | OfficerTrustee | 1 | $0 |
Diane Hightower Vice President | OfficerTrustee | 1 | $0 |
Rosemary Musolino Secretary | OfficerTrustee | 1 | $0 |
Desiree Chronick Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $176,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $292,552 |
| Total Program Service Revenue | $561 |
| Investment income | $44,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,780 |
| Net Income from Fundraising Events | $8,156 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $400,477 |
| 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. | $56,202 |
| Compensation of current officers, directors, key employees. | $11,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,424 |
| Pension plan accruals and contributions | $2,810 |
| Other employee benefits | $9,235 |
| Payroll taxes | $12,795 |
| 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 | $4,258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,953 |
| 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 | $0 |
| Insurance | $11,248 |
| All other expenses | $11,793 |
| Total functional expenses | $289,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,653 |
| Savings and temporary cash investments | $99,593 |
| 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 | $9,494 |
| Net Land, buildings, and equipment | $1,694,394 |
| Investments—publicly traded securities | $1,148,051 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,445 |
| Total assets | $3,034,630 |
| Accounts payable and accrued expenses | $6,132 |
| 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 | $6,132 |
| Net assets without donor restrictions | $2,446,629 |
| Net assets with donor restrictions | $581,869 |
| 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 | $3,034,630 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Peoples Library Inc has recieved totaling $7,973.
| Awarding Organization | Amount |
|---|---|
Pittsburgh Foundation Pittsburgh, PA PURPOSE: EDUCATION | $7,968 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $755,904 |
| Earnings | $77,563 |
| Admin Expense | $5,753 |
| Net Contributions | $2,590 |
| Ending Balance | $830,304 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Enoch Pratt Free Library Of Baltimore City Baltimore, MD | $234,974,900 | $48,157,400 |
Stark County District Library Canton, OH | $22,550,169 | $20,470,010 |
Great Neck Library Great Neck, NY | $34,961,861 | $11,637,861 |
Oceanside Library Oceanside, NY | $46,476,817 | $6,978,242 |
Connetquot Public Library Bohemia, NY | $10,940,573 | $6,656,257 |
Queen Annes County Free Library Centreville, MD | $3,534,978 | $5,055,509 |
Crandall Library Glens Falls, NY | $18,989,283 | $4,650,669 |
Bryant Library Roslyn, NY | $10,311,911 | $5,190,176 |
Port Jefferson Free Library Port Jefferson, NY | $14,577,531 | $4,685,963 |
Riverhead Free Library Riverhead, NY | $9,623,554 | $4,087,006 |
Bergen County Cooperative Library System Inc Fair Lawn, NJ | $2,010,518 | $3,727,342 |
Franklin Township Public Library Association Somerset, NJ | $10,614,091 | $3,884,927 |