Margaret Shontz Memorial Library Inc
- Assets
- $334.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Conneaut Lake, PA
- Founding
- 04/1984
- Data as of
- 12/2021
- EIN
- 25-1299231
Organization Overview
Margaret Shontz Memorial Library Inc is located in Conneaut Lake, PA. The organization was established in 1984. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Margaret Shontz Memorial 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, Margaret Shontz Memorial Library Inc generated $87.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $62.4k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PUBLIC LIBRARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Young Director | 20 | $6,636 | |
Mark Ruttenberg President | 3 | $0 | |
Leslie Conlin Secretary | 0.5 | $0 | |
William Greg Vice Preside | 0.5 | $0 | |
Debbie Martin Treasurer | 0.5 | $0 | |
Patricia Deemer Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,646 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $608 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,266 |
| Total Revenue | $87,520 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,103 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $5,115 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,175 |
| Total expenses | $62,393 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $185,368 |
| Other assets | $0 |
| Total assets | $334,211 |
| Total liabilities | $0 |
| Net assets or fund balances | $334,211 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Bucks County Free Library Doylestown, PA | $22,091,549 | $9,285,989 |
Science History Institute Support Company Philadelphia, PA | $170,290,036 | $11,212,295 |
Ohionet Westerville, OH | $9,473,014 | $8,653,205 |
Dauphin County Library System Harrisburg, PA | $25,002,394 | $9,527,130 |
Washington County Free Library Hagerstown, MD | $16,301,833 | $8,756,633 |
Ohio Governors Imagination Library Beavercreek, OH | $8,059,955 | $11,938,530 |
York County Library System York, PA | $12,667,989 | $7,212,125 |
Westchester Library System Elmsford, NY | $6,787,041 | $7,508,558 |
Pennsylvania Academic Library Consortium Inc Drexel Hill, PA | $3,964,819 | $6,669,541 |
Emma S Clark Memorial Library Association Setauket, NY | $12,307,300 | $6,439,716 |
Washington Research Library Consortium Upper Marlboro, MD | $19,082,145 | $5,815,985 |