Freeport Area Library Association
- Assets
- $568.6k
- Revenue
- $74.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Freeport, PA
- Founding
- 09/1978
- Data as of
- 12/2021
- EIN
- 25-1342981
Organization Overview
Freeport Area Library Association is located in Freeport, PA. The organization was established in 1978. 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, Freeport Area Library Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeport Area Library Association 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, Freeport Area Library Association generated $74.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $52.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC LIBRARY
Describe the Organization's Program Activity:
PROVIDED PUBLIC LIBRARY ACCESS TO FREEPORT AND SURROUNDING COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kellie Abbott President | Officer | 15 | $0 |
Nancy Hagins Vice President | Officer | 20 | $15,615 |
Mona Vandyke Secretary | Officer | 4 | $0 |
Herman Baker Director | Trustee | 1 | $0 |
William Abbott Director | Trustee | 1 | $0 |
Jackie Haven Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,528 |
| Fundraising events | $21,187 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,485 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,200 |
| Total Program Service Revenue | $1,729 |
| Investment income | $21,279 |
| 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 | $444 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,652 |
| 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. | $12,843 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,680 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,047 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $267 |
| Office expenses | $1,216 |
| Information technology | $244 |
| Royalties | $0 |
| Occupancy | $16,664 |
| 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 | $6,530 |
| Insurance | $2,091 |
| All other expenses | $0 |
| Total functional expenses | $51,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,269 |
| Savings and temporary cash investments | $0 |
| 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 | $75,242 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $399,650 |
| Intangible assets | $0 |
| Other assets | $1,394 |
| Total assets | $568,555 |
| 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 | $1,063 |
| Total liabilities | $1,063 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $567,492 |
| Total liabilities and net assets/fund balances | $568,555 |