Friends Memorial Public Library Inc
- Assets
- $191.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kane, PA
- Founding
- 10/1985
- Data as of
- 12/2023
- EIN
- 25-1472534
Organization Overview
Friends Memorial Public Library Inc is located in Kane, PA. The organization was established in 1985. 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. Friends Memorial Public 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 12/2023, Friends Memorial Public Library Inc generated $85.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $69.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 5 years. 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE LIBRARY SERVICES TO APPROXIMATELY 5380 PEOPLE IN KANE BOROUGH AND WETMORE TOWNSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ginny Coppersmith VP | 2 | $0 | |
Claire Ann Buckley Secretary | 2 | $0 | |
Patty Kunicki Director | 27 | $0 | |
Rhonda Holt Tresurer | 5 | $0 | |
Judy Spencer President | 2 | $0 | |
Nikki Orourke Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,115 |
| Total Program Service Revenue | $9,185 |
| Membership dues | $0 |
| Investment income | $3,504 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,094 |
| Other Revenue | $39,898 |
| Total Revenue | $85,796 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $10,197 |
| Salaries, other compensation, and employee benefits | $37,427 |
| Professional fees and other payments to independent contractors | $1,700 |
| Occupancy, rent, utilities, and maintenance | $9,520 |
| Printing, publications, postage, and shipping | $2,717 |
| Other expenses | $7,640 |
| Total expenses | $69,201 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $191,699 |
| Other assets | $0 |
| Total assets | $191,699 |
| Total liabilities | $639 |
| Net assets or fund balances | $191,060 |